Africa Business News

Facebook says it will ban political advertising the week before the US election, one of its most sweeping moves against disinformation yet as CEO Mark Zuckerberg warned of a risk of civil unrest after the vote.
The social media giant also vowed to fact check any premature claims of victory, stating that if a candidate tries to declare himself the winner before final votes are tallied.


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The World Health Organization (WHO) has said that once a Covid-19 vaccine is approved, Africa will get at least 220 million initial doses.
The WHO Africa Program Area Manager Richard Mihigo said the first batch will prioritise front-line healthcare workers and vulnerable groups.
He said distribution will be based on the population of each country.
Mr Mihigo said all 54 countries had expressed interest in a Covid-19 vaccine.


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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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Nigerian Governmnet Bars Air France, KLM, Lists International Airlines Allowed To Operate
Nigerian Government on Thursday released the list of international airlines that will not be allowed to operate when flights begin from September 5.
The list of international airlines was announced by the Minister of Aviation, Hadi Sirika, during a briefing of the Presidential Taskforce on COVID-19 at the Nnamdi Azikwe International Airport, Abuja.


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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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Ogun State Government has hinted on plans to take over the reconstruction and rehabilitation of some major Federal Government roads within the state.
This was disclosed by the state governor, Dapo Abiodun, who briefed State House journalists after a meeting with President Muhammadu Buhari at the Aso Villa on Thursday.


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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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Nigerian Petroleum Minister PMS Price Increase Will Be Better In The Long Run
The Minister of Petroleum Resources (State), Mr Timipre Sylva has explained the recent increase in the price of petrol, admitting that the deregulation of the petroleum sub-sector will be difficult for a while but pay off on the long run.
Mr Sylva on Thursday said this during a briefing in Abuja and noted that the government no longer controls the price of the product.


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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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The Federal Government has adjusted the curfew from 12 midnight through 4am, as it continues the gradual easing of lockdown measures imposed to curb the spread of COVID-19 in the country.
Chairman of the Presidential Task Force on COVID-19, Mr Boss Mustapha, disclosed this on Thursday during a briefing in Abuja.


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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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The Nigeria Centre for Disease Control has confirmed 125 new cases of coronavirus in the country. This brings the total number of COVID-19 infections recorded in the country so far to 54,588.
The Nigeria Centre for Disease Control (NCDC) in a tweet on its official handle, showed that the new cases were reported in twelve states and the Federal Capital Territory (FCT).


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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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Amazon on Thursday said it will create a further 7,000 permanent jobs across the United Kingdom in 2020, taking total new jobs this year to 10,000.
The U.S. internet giant said the new jobs would be in over 50 sites, including corporate offices and two new fulfilment centres in the north east and central England.

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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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The latest data from Nigeria’s statistics agency shows that the demand for goods and services from China is still on the high as the Asian country tops the list of import trading partners by 31.41% in the second quarter of 2020.
This is despite the sharp fall in the value of the country’s total trade to N6.24 billion, representing 27.30% in Q2, against the 27.46% level recorded in the corresponding quarter, and 27.46% year-on-year.
According to the National Bureau of Statistics Foreign Trade in Goods Statistics released on Wednesday, the value of total imports dropped by 10.69% in the quarter in review, against the level recorded in Q1, but increased by 0.39% year-on-year.

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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

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The Mint newspaper reported on Thursday reported that U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc (AMZN.O) may invest more than $4 billion for a stake in India’s Vodafone Idea Ltd, sending shares in the struggling Indian telecom firm up as much as 14%.
Vodafone Idea, a joint venture between Britain’s Vodafone Group Plc (VOD.L) and India’s Idea Cellular, still owes roughly 500 billion rupees ($6.8 billion) to the Indian government. It is among India’s top three telecom firms by subscribers.
Amazon and Verizon did not return emails seeking comment outside regular U.S. business hours.
Shares in Vodafone Idea were up 9.6% at 10.85 rupees by 0645 GMT.

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This episode is sponsored by
· Afrolit Podcast: Hosted by Ekua PM, Afrolit shares the stories of multi-faceted Africans one episode at a time. https://open.spotify.com/show/2nJxiiYRyfMQlDEXXpzlZS?si=mmgODX3NQ-yfQvR0JRH-WA

Support this podcast: https://anchor.fm/newscast-africa/support