Business

Sultan al-Jaber has refuted claims he does not believe the world needs to phase out fossil fuels. His comments came after a report in which he claimed development without the use of fossil energy wasn't possible.

The Co-founder and Chairman of Waltersmith Petroman Oil Limited, Abdulrazaq Isa says the future of Nigeria’s oil and gas is value addition. In a chat with CNBC Africa, he notes expansion of the capacity of modular refineries, fertilizer production and increased gas-to power projects are vital to harness the prospects ahead.

The Group President of the African Development Bank, Akinwumi Adesina says Africa with about 6.2 trillion dollars worth of natural resources, 65 per cent of the world’s uncultivated arable land, and a vibrant youth population has no excuse to be poor. He reiterates the continent must look inward urgently to solve its many challenges and prompts citizens to hold governments accountable for poverty

The year 2023 has been mix-bag and has come with many headwinds as well as positives for the Nigerian economy. For investors looking at Africa’s most populous country what are the opportunities and risk associated in this key market? Steve Alain Lawrence, the Chief Investment Officer at Balfour Capital Group says Nigeria is the final economic frontier, he joins CNBC Africa to explore what the future holds for Nigeria next year.

Virgin Atlantic's Flight100 landed in New York on Tuesday, making the journey from London without using fossil fuels, thanks to a mix of renewable biomass and waste fats. This "sustainable aviation fuel" reportedly reduces life-cycle emissions by up to 70 percent but still emits CO2, as FRANCE 24's Bryan Quinn explains.

Household Consumption accounted for the largest share of real Gross Domestic Product at market prices in the first and second quarter of this year according to data from the National Bureau of Statistics. Femi Oladehin, Partner at Àrgentil Capital Partners joins CNBC Africa to unpack the numbers and drivers of inflation in Nigeria.

Following the virtual meeting of OPEC+ ministers, Riyadh announced it would extend its voluntary oil production cut of one million barrels per day until March 2024.

The Lagos State Internal Revenue Service has deployed an upgraded electronic process for the collection of Hotel Occupancy and Restaurants Consumption Tax in the state. How efficient is the process in driving tax revenues? Theo Emuwa, a Partner at Aelex, joins CNBC Africa for this discussion.

David Doyle brings you a round up of this week's business news from sub-Saharan Africa, including a setback for Zambia and currency woes in Nigeria.

Amid an ongoing strike by its mechanics in Sweden over a refusal to sign a collective wage agreement, Tesla has also filed a lawsuit against the country's postal workers. They have blocked deliveries of licence plates for its new cars, in solidarity with workers at the electric vehicle maker. Also in this edition, Chinese fast fashion giant Shein files to go public in the US and China tries to convince international investors to keep their supply chains in the country.

One month after opening a Tesla factory in Berlin, tech enterprenuer and billionaire Elon Musk opened the newest electric car making facility in Austin, Texas.

Today's shoppers have become accustomed to doing their own research to get the maximum value out of every dollar they spend, and to feel secure about the purchases they're making.