Jumoke Oduwole: Where Nigeria sees opportunities in the Africa free trade area
04 August 2019 | 12:47 pm
Jumoke Oduwole, Secretary of the Presidential Enabling Business Environment Council and Senior Special Assistant to the Vice President on Industry, Trade, and Investment says Nigeria's government is ready to support businesses to deliver on the potential the African Continental Free Trade Agreement (AfCFTA) brings. She links up with CNBC Africa Esther Awoniyi for more.
In the absence of international travel and visitors from abroad, a Ugandan tourism company is turning to young local tourists hoping to travel closer to home. The company is building a small but loyal customer base.
Tensions between China and Lithuania soared after Taiwan was allowed to open a de facto embassy in Vilnius. Now, Taiwan wants to help offset the financial cost that comes with angering Beijing.
Australia's vocal criticism of China's human rights record has long angered Beijing. When Canberra called for an investigation into the origin of the coronavirus in 2020, Beijing slapped high tariffs on some Australian products.
It's toxic for the environment and also a huge waste of energy. According to recent studies, the oil industry of Nigeria alone flares off 8 billion cubic metres of gas each year.The gas is a by-product of oil production and could be used as energy. But so far, oil companies have avoided making the necessary investments to do that.
Uganda wants to curb its borrowing and boost exports in sectors such as meat and dairy as the East African country lifts restrictions triggered by the coronavirus pandemic, President Yoweri Museveni, and government officials. Uganda's trade push follows several years of reduced Chinese lending to the continent and as programmes designed to offer relief to indebted countries as they recover from COVID 19-induced slumps start to expire.
India's government has announced billions of euros worth of investment in infrastructure, as part of the country's recovery from the economic slump linked to the Covid-19 pandemic. The finance minister unveiled a public spending package totalling more than €470 billion for the next financial year, including money for roads and railways. Also today, we look at the New York Times' deal to buy the popular online game Wordle.
The financial freeze on Mali brought in by regional group ECOWAS has hit its economy hard. Key sectors like the cotton industry have been struggling to overcome the impact of the trade penalties. Also, as the excitement of the Africa Cup of Nations winds down, we head to two-time tournament hosts Gabon, where once-gleaming stadiums have fallen into disrepair. Finally, a Malawian musician finds runaway fame on TikTok at the age of 92.
Australia is caught in the middle of the US-China trade dispute, which is dominating Davos this year. Meanwhile, Australia has just booked its 27th consecutive year of growth, says Finance Minister Mathias Cormann.
The Taliban are taking steps to halt Afghanistan's opium trade even as the country's economy crumbles. It is unclear how the Taliban government plans to replace this illicit source of income for millions of farmers.
The prime ministers of both countries witnessed the signing of the deal in a virtual ceremony. Australia wants to curb dependence on China as its largest trading partner.
The first day of Ramadan brought hope to Yemen with the start of a two-month truce. But a few days in, warring sides have already traded accusations of ceasefire violations. Nonetheless, the fragile truce offers the best hope in years for ending what the UN has called the world's worst humanitarian crisis. Now in its eighth year, the war in Yemen has killed nearly 400,000 people and left millions on the brink of famine. For more on this story, we speak to Dr Elisabeth Kendall, a senior research fellow at Oxford University.
The British prime minister has begun a two-day visit by talking up post-Brexit trade. But clouds are looming back home as parliament votes on whether he misled the House of Commons in denying COVID lockdown breaches.
1 hour ago
Organizers of an LGBTQ Pride parade in Istanbul say 373 arrested there Sunday have been released. But a rights group said the high number of detentions showed the government had "declared war" on the community.
1 hour ago
For the first time in Germany's political history, the lower house of parliament, the Bundestag, includes three lawmakers of African descent. So what do they want to achieve?
1 hour ago
In Germany, a former SS corporal at the Sachsenhausen concentration camp is on trial on charges of being an accessory to murder for the deaths of 3,518 people between 1942 and 1945. The verdict in the trial of 101-year-old Josef Schütz is expected this week. Schütz, who maintains his innocence, is one of dozens of alleged Nazi criminals that German prosecutors are trying to convict before it's too late. Our correspondents report.
4 hours ago
4 hours ago