Africa Business News

Rudy Giuliani, a longtime associate of former President Donald Trump, has filed for bankruptcy just days after he was ordered to pay $148m in a defamation case.
He was ordered to pay the sum after a judge found he defamed two Georgia election workers over false claims they tampered with votes in 2020.
The filing shows he owes millions of dollars in legal fees and unpaid taxes.
The spokesman for Mr Giuliani, Ted Goodman, says no person could have reasonably believed that Mr Giuliani would be able to pay such a high punitive amount.
He added that the bankruptcy filing in New York would give Mr Giuliani the opportunity and time to pursue an appeal while providing transparency for his finances under the supervision of the bankruptcy court.

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Egypt says countries with access to the Red Sea have a responsibility to protect it and provide suitable conditions for freedom of navigation.
The US announced a 10-member coalition called Operation Prosperity to protect merchant shipping in the Red Sea from intensifying attacks by Houthi rebels based in Yemen.
However, Egypt and Saudi Arabia have not joined the US-led coalition.
Greece says it would send a naval frigate there to protect shipping.


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Egypt says countries with access to the Red Sea have a responsibility to protect it and provide suitable conditions for freedom of navigation.
The US announced a 10-member coalition called Operation Prosperity to protect merchant shipping in the Red Sea from intensifying attacks by Houthi rebels based in Yemen.
However, Egypt and Saudi Arabia have not joined the US-led coalition.
Greece says it would send a naval frigate there to protect shipping.


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

Egypt says countries with access to the Red Sea have a responsibility to protect it and provide suitable conditions for freedom of navigation.
The US announced a 10-member coalition called Operation Prosperity to protect merchant shipping in the Red Sea from intensifying attacks by Houthi rebels based in Yemen.
However, Egypt and Saudi Arabia have not joined the US-led coalition.
Greece says it would send a naval frigate there to protect shipping.


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

Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas.
Angola currently produces about 1.1 million barrels per day, of the 30 million from the whole of Opec.
Oil prices fell on the news, with Brent prices down over $1 to $78.5 a barrel by 12:50.
Mineral Resources and Petroleum Minister Diamantino Azevedo says at the moment Angola gains nothing by remaining in the organisation and, in defence of its interests, it decided to leave.
The minister added that the decision was not taken lightly.

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Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas.
Angola currently produces about 1.1 million barrels per day, of the 30 million from the whole of Opec.
Oil prices fell on the news, with Brent prices down over $1 to $78.5 a barrel by 12:50.
Mineral Resources and Petroleum Minister Diamantino Azevedo says at the moment Angola gains nothing by remaining in the organisation and, in defence of its interests, it decided to leave.
The minister added that the decision was not taken lightly.

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

Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas.
Angola currently produces about 1.1 million barrels per day, of the 30 million from the whole of Opec.
Oil prices fell on the news, with Brent prices down over $1 to $78.5 a barrel by 12:50.
Mineral Resources and Petroleum Minister Diamantino Azevedo says at the moment Angola gains nothing by remaining in the organisation and, in defence of its interests, it decided to leave.
The minister added that the decision was not taken lightly.

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

The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation.
Member representing Bogoro/Dass/Tafawa Balewa Federal Constituency, Bauchi State, Jafaru Leko, noted that the Nigerian economy was experiencing substantial shifts in the value of the naira, triggering economic instability and uncertainty.
He also noted that the International Monetary Fund proposed diversification of foreign exchange reserves for central banks of developing countries, including Nigeria.
He says the global economic landscape was evolving, and international trade dynamics were shifting, with China assuming a leading role in international trade

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

The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation.
Member representing Bogoro/Dass/Tafawa Balewa Federal Constituency, Bauchi State, Jafaru Leko, noted that the Nigerian economy was experiencing substantial shifts in the value of the naira, triggering economic instability and uncertainty.
He also noted that the International Monetary Fund proposed diversification of foreign exchange reserves for central banks of developing countries, including Nigeria.
He says the global economic landscape was evolving, and international trade dynamics were shifting, with China assuming a leading role in international trade

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

The House of Representatives has called for the adoption of the Chinese Yuan as an official foreign exchange reserve currency with other internationally recognised currencies to protect the naira from further depreciation.
Member representing Bogoro/Dass/Tafawa Balewa Federal Constituency, Bauchi State, Jafaru Leko, noted that the Nigerian economy was experiencing substantial shifts in the value of the naira, triggering economic instability and uncertainty.
He also noted that the International Monetary Fund proposed diversification of foreign exchange reserves for central banks of developing countries, including Nigeria.
He says the global economic landscape was evolving, and international trade dynamics were shifting, with China assuming a leading role in international trade

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