Ghana feels the heat of rising inflation
12 March 2022 |
4:20 pm
Ethnic clashes leave at least 17 people dead in Sudan's Darfur region. Observers blame. Arab militias for launching attacks to settle land and livestock disputes. The cost of living for Ghanaians is at its highest in almost 6 years. The increasing price of basic goods such as water and oil leave families and businesses struggling. And Congolese authorities vow to clamp down on shoddy construction after a tragic accident in Kinshasa. Experts blame corruption and poor urban planning.
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Nigeria’s Minister of Finance, Wale Edun says 4.83 trillion naira from T-Bills and Bonds issued in the first quarter of this year was used to pay part of the Ways and Means advances from the Central Bank of Nigeria. Sam Chidoka, CEO of Kairos Capital joins CNBC Africa for more on this discussion and Nigeria's debt management strategy.
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A year after Lula came to power, his gamble has paid off: deforestation has been halved in the Amazon. But this success comes at the cost of sacrificing another ecosystem that's just as vital to Brazil: the Cerrado.
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Some top Nigerian banks are eyeing the international and local capital markets to raise fresh capital in a bid to meet the recapitalisation exercise by the Central Bank of Nigeria. Egie Akpata, Chairman of Skymark Partners joins CNBC Africa to examine options available to banks.
3 days ago
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1 day ago
Chess master, Tunde Onakoya, has embarked on a mission to surpass the Guinness World Record for the longest chess marathon. The event, which is currently underway at New York City's iconic Times Square, started at 10am on Wednesday, April 17, and is scheduled to end at 8pm on April 19. Onakoya is set to engage in an intense chess marathon, aiming to play for 58 hours without a single defeat.
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As elections near, India's nationalist BJP is trying to wrestle votes away from the opposition in Indian-administrated Kashmir. But standard campaign tactics might not be enough to win over Muslim voters in the region.
1 day ago
ing Abdullah II of Jordan defends his country's actions in shooting down Iranian missiles on Saturday, saying that Jordan's security comes above all else. Also, MPs in the UK back a new bill to ban smoking in the country, but Prime Minister Rishi Sunak faces rebellion from within the Conservative Party. Finally, Paris Saint-Germain mount a comeback to beat Barcelona and qualify for the Champions League semi-final, with one Spanish newspaper blaming the result on "suspect refereeing".
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Authorities in Germany's Bavaria say they want to restrict the use of cannabis at festivals and beer gardens. Germany legalized recreational marijuana earlier this month, a move opposed by the Bavaria-based CSU.
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Solomon Islanders began voting on Wednesday in a crucial election that will decide China's foothold in the Pacific region.
Polling booths opened at 7 a.m. local time on Wednesday (2000 GMT on Tuesday), with almost 420,000 registered voters to elect 50 members of the national parliament.
There are more than 1,000 polling stations scattered across the Solomons archipelago, 2,000 kilometers (1,200 miles) off Australia's coast.
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