Africa Business News

German Foreign Minister Annalena Baerbock says Germany is prepared to allow further deliveries of Eurofighter jets to Saudi Arabia.
Berlin halted arms sales to Saudi Arabia following the killing of Saudi journalist Jamal Khashoggi inside the Saudi consulate in Istanbul in 2018.
Chancellor Olaf Scholz had pushed back against pressure to unblock the delivery of Eurofighters to Saudi Arabia.
The Eurofighter project is a joint British, German, Italian and Spanish effort.

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German Foreign Minister Annalena Baerbock says Germany is prepared to allow further deliveries of Eurofighter jets to Saudi Arabia.
Berlin halted arms sales to Saudi Arabia following the killing of Saudi journalist Jamal Khashoggi inside the Saudi consulate in Istanbul in 2018.
Chancellor Olaf Scholz had pushed back against pressure to unblock the delivery of Eurofighters to Saudi Arabia.
The Eurofighter project is a joint British, German, Italian and Spanish effort.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

German Foreign Minister Annalena Baerbock says Germany is prepared to allow further deliveries of Eurofighter jets to Saudi Arabia.
Berlin halted arms sales to Saudi Arabia following the killing of Saudi journalist Jamal Khashoggi inside the Saudi consulate in Istanbul in 2018.
Chancellor Olaf Scholz had pushed back against pressure to unblock the delivery of Eurofighters to Saudi Arabia.
The Eurofighter project is a joint British, German, Italian and Spanish effort.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

China has announced sanctions on five Western defence firms over the latest round of US arms sales to Taiwan.
The announcement comes as Taiwan prepares to hold presidential and parliamentary elections on 13 January.
The Chinese Foreign Ministry says that the sanctions were in response to these gravely wrong actions taken by the US.
The companies being sanctioned were named BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions.
China will freeze the assets of the companies and ban people and organisations in China from engaging them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

China has announced sanctions on five Western defence firms over the latest round of US arms sales to Taiwan.
The announcement comes as Taiwan prepares to hold presidential and parliamentary elections on 13 January.
The Chinese Foreign Ministry says that the sanctions were in response to these gravely wrong actions taken by the US.
The companies being sanctioned were named BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions.
China will freeze the assets of the companies and ban people and organisations in China from engaging them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

China has announced sanctions on five Western defence firms over the latest round of US arms sales to Taiwan.
The announcement comes as Taiwan prepares to hold presidential and parliamentary elections on 13 January.
The Chinese Foreign Ministry says that the sanctions were in response to these gravely wrong actions taken by the US.
The companies being sanctioned were named BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions.
China will freeze the assets of the companies and ban people and organisations in China from engaging them.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts.
A Beijing court accepted the application from Zhongzhi Enterprise Group which has lent billions to real estate firms.
Chinese officials launched an investigation into suspected crimes against the firm in November.
It followed reports that ZEG had declared it was insolvent.
A Beijing court published a statement on the social media network WeChat saying that ZEG's "assets are insufficient to pay off all debts, and it cannot repay in full.
Unregulated shadow banking is not subject to the same kinds of risk, liquidity and capital restrictions as traditional banks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts.
A Beijing court accepted the application from Zhongzhi Enterprise Group which has lent billions to real estate firms.
Chinese officials launched an investigation into suspected crimes against the firm in November.
It followed reports that ZEG had declared it was insolvent.
A Beijing court published a statement on the social media network WeChat saying that ZEG's "assets are insufficient to pay off all debts, and it cannot repay in full.
Unregulated shadow banking is not subject to the same kinds of risk, liquidity and capital restrictions as traditional banks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

A major Chinese shadow bank has filed for bankruptcy on the grounds it was unable to pay its debts.
A Beijing court accepted the application from Zhongzhi Enterprise Group which has lent billions to real estate firms.
Chinese officials launched an investigation into suspected crimes against the firm in November.
It followed reports that ZEG had declared it was insolvent.
A Beijing court published a statement on the social media network WeChat saying that ZEG's "assets are insufficient to pay off all debts, and it cannot repay in full.
Unregulated shadow banking is not subject to the same kinds of risk, liquidity and capital restrictions as traditional banks.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The defence minister of the self-declared republic of Somaliland has resigned in protest against a deal granting Ethiopia access to a seaport in the breakaway region of Somalia.
Abdiqani Mohamoud Ateye criticised Somaliland President Muse Bihi Abdi “for not consulting the council of ministers on the port deal with Ethiopia.
The memorandum of understanding (MoU) reportedly gives landlocked Ethiopia access to the Red Sea in exchange for it recognising Somaliland as an independent state.
Somalia has termed the deal an act of "aggression" and recalled its ambassador to Addis Ababa.
There are reports that Ethiopia’s ambassador to Somalia has also returned to Addis Ababa amid a diplomatic row between the two countries.

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