Europe's central bank has left its key interest rate unchanged. The decision, which was widely expected, comes even as inflation continues to fall faster than expected.

Here's what's been making the business headlines in sub-Saharan Africa this week.

Talking Europe hosts the head of the largest political group in the European Parliament, the centre-right European People's Party. Manfred Weber, a prominent German CSU politician, is hoping that the June 9 EU elections will re-confirm the EPP's pre-eminent position, but he is cautious on the possibility of alliances with the hard-right ECR group. We also touch on the "Russiagate" and "Piepergate" controversies, the EPP's contentious plan to reform the EU's asylum system, as well as French President Emmanuel Macron's "unwise" – according to Weber – remarks about potentially sending French troops to Ukraine.

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.

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.

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.