Newscast - Africa
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Newscast - Africa
We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.Earn $SYBL as you listen by signin up on: https://tse.sybel.io/A278C25DD9
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Elon Musk Calls for Pause in AI Development
Tesla CEO, Elon Musk, has joined several others in calling for the temporary halt of Artificial Intelligence experimentation.
An Open Letter,”...
Charles III To Address German Parliament in State Visit
Britain’s Charles III will address the German parliament on Thursday, becoming the first monarch to do so, on the occasion of his inaugural state visi...
US Raises Visa Fees For Students, Visitors
The United States has announced hikes in fees for certain Non-Immigrant Visa application processing fees.
The increment, published in the Feder...
South Sudan Leader Appoints New Defence Minister
South Sudan’s President Salva Kiir has appointed a new defence minister replacing Angelina Teny, who he sacked earlier this month.
The appointm...
Nigeria's Institute of Credit Administration inaugurates Governance Committees
The President of the National Institute of Credit Administration, Mr Andy Ojei, has announced the inauguration of committees set up by the governing c...
Nigeria Government Begins Registration of Medical Laboratories
The Federal Government began an online registration of medical laboratories in Nigeria to enhance service delivery.
Dr Tosan Erhabor, the Regis...
Dangote Industries Completes N200bn Bond Listing
Dangote Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited.
The Chief Executive Office...
Utah To Limit Teen social media Access
Utah has become the first US state to require social media firms get parental consent for children to use their apps and verify users are at least 18....
US And Canada Reach Deal To Reject Asylum Seekers
The US and Canada have reached a deal to reject asylum seekers at unofficial border crossings, officials say.
US President Joe Biden and Canadi...
Kenya Proposes Law Changes To Restrict Protests
Kenya’s interior ministry is proposing changes to security laws that will make it more difficult for people to hold protests.
The constitution...
US Urged To Respect Ugandan Sovereignty Over Anti-gay Bill
A Ugandan MP who voted in favour of a bill that targets homosexual people has told the BBC that if the US withdrew funding in protest it would amount...
Meta Barred From Sacking Facebook Moderators In Kenya
A court in Kenya's capital Nairobi has barred Meta, Facebook's parent company, from laying off its content moderators pending the determination of a l...
Tax Incentives, Infrastructure Key To Industrialisation
The International Monetary Fund says that subsidies, tax incentives, infrastructure development and protective regulations will help fast-track the gr...
Nigeria's Executive Council Approves Over N4bn To Build NDLEA Barracks
The Federal Executive Council has approved over four billion nairas for the construction of barracks to accommodate the personnel of the National Drug...
Macron's Government Survives No-confidence Vote
The French government has narrowly survived a vote of no-confidence, which was triggered when it forced through an increase in the pension age to 64....
Chinese Regulator Accuses Chip Tycoon Of Corruption
China's anti-fraud watchdog has accused chip tycoon Zhao Weiguo of corruption, in the latest sign of trouble faced by the country's semiconductor indu...
Ethiopia Rejects US Accusations Of War Crimes
Ethiopia's government has rejected a statement by the US alleging that members of its forces, along with Eritrean and Amhara forces, committed war cri...
Africa Accounts For 55% Of World’s Poor
The Chief Economist at the Economic Commission for Africa, Hanan Morsy, says Africa currently accounts for more than half of the World’s poor 54. 8 pe...
Putin Considers Ties With Africa A Priority
President Vladimir Putin says that deepening ties between Russia and Africa was a key goal for the Kremlin, as Moscow seeks to expand its influence on...
Central Bank of Nigeria Raises Interest Rate to 18%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 50 basis points to 18. per cent.
Sanwo-Olu Increases Lagos Workers’ Salary By 20%
Lagos State Governor, Babajide Sanwo-Olu, has increased the salaries of workers in the state by 20 per cent, shortly after he secured a second term in...
Nigerian Government Removes 5% Tax On Calls, Data
The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services.
The Minister of Commu...
New York Community Bank To Buy Failed Signature Bank
The Federal Deposit Insurance Corp says New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7bn deal. <...
Central Banks To Boost Flow Of US Dollars Amid Market Unease
Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger.
Six c...
UBS Agrees To Emergency Rescue Of Credit Suisse
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.
Sunday's announcement came after a weekend of...
Kenyan Government Realise Sh100 Million After Digitization of Services
Kenya's Cooperatives and SMEs Cabinet Secretary Simon Chelugui says the government is collecting over Sh100 million every day after the digitization o...
UK Earmarks £10m For Energy Solution In Sub - Saharan Africa
The United Kingdom has earmarked a £10 million grant for innovators in Sub-Saharan Africa, South Africa and Southeast Asia to address the energy situa...
Nigeria's Currency In Circulation Amounts To N982billion
The currency in circulation in the country dipped by 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on t...
Nigeria Rakes In N10trillion VAT During Buhari's Reign
The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of President General Muhammadu Buhari.
The...
Nigerian State Imposes Dawn-To-Dusk Curfew Amid Tensions
The Kano State Government has imposed a dawn-to-dusk curfew with a view to avoiding a breakdown of law and order, following tensions generated from th...
China Reopens Borders To Foreigners After Three Years Of Restrictions
The country’s foreign ministry says China will once again start issuing a range of visas to foreigners in a major easing of travel restrictions in pla...
Biden To Sign Executive Order On Background Checks For Firearm Sales
US President Joe Biden is set to issue an executive order that aims to increase the number of background checks conducted before firearm sales.
...
Argentina Inflation Soars Past 100% Mark
Argentina's inflation rate has soared past 100% for the first time since the end of hyperinflation in the early 90s.
Inflation hit 102.5% in Fe...
US Accuses Russia's Pilot Of Recklessness In Drone Collision
The US has accused Russia of reckless behaviour after an American drone crashed into the Black Sea following an encounter with Russian fighter jets. <...
World Bank Suspends U.S.$520 Million Talks With Tunisia
The World Bank has temporarily suspended its future engagement talks with Tunisia amid uproar over recent statements by the country's president agains...
Central Bank of Nigeria To Hold Two-Day Monetary Policy Committee Meeting
The Central Bank of Nigeria has scheduled the next Monetary Policy Committee meeting between Monday and Tuesday next week.
The apex bank said t...
Africa's Digital Economy to Rise to $712bn By 2050
The president of the African Development Bank Group, Dr Akinwumi A. Adesina, says the size of Africa's digital economy will rise from $115 billion to...
Nigeria's Presidential Election Recorded 12.9m Cyberattacks
No fewer than 12.9 million cyberattacks have been recorded from within and outside the country during the just-concluded Presidential and National Ass...
US Government Approves Alaska Oil And Gas Development
US President Joe Biden has approved a major oil and gas drilling project in Alaska that faced strong opposition from environmental activists.
T...
Global Bank Stocks Slump Despite Biden Reassurances
Bank shares in Asia and Europe have slumped, despite reassurances from the US president that America's financial system is safe following the collapse...