Africa Business News

Argentina’s new President Javier Milei has warned his country’s people to prepare for painful austerity measures as he seeks to turn around decades of economic stagnation and decline.
Milei used his inaugural address to prepare Argentinians for the short-term hardship he insists is necessary to fix the biggest crisis in the country’s history.
Latin America’s third-largest economy, which has stumbled between crises for decades, is grappling with annual inflation of higher than 140 per cent and a 40 per cent poverty rate.

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Argentina’s new President Javier Milei has warned his country’s people to prepare for painful austerity measures as he seeks to turn around decades of economic stagnation and decline.
Milei used his inaugural address to prepare Argentinians for the short-term hardship he insists is necessary to fix the biggest crisis in the country’s history.
Latin America’s third-largest economy, which has stumbled between crises for decades, is grappling with annual inflation of higher than 140 per cent and a 40 per cent poverty rate.

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

Argentina’s new President Javier Milei has warned his country’s people to prepare for painful austerity measures as he seeks to turn around decades of economic stagnation and decline.
Milei used his inaugural address to prepare Argentinians for the short-term hardship he insists is necessary to fix the biggest crisis in the country’s history.
Latin America’s third-largest economy, which has stumbled between crises for decades, is grappling with annual inflation of higher than 140 per cent and a 40 per cent poverty rate.

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

The Australian government says it will halve the migration intake within two years in a bid to fix the country's broken immigration system.
It aims to slash the annual intake to 250,000 - roughly in line with pre-pandemic levels - by June 2025.
Visa rules for international students and low-skilled workers will also be tightened under the new plan.
Migration has climbed to record levels in Australia, adding pressure to housing and infrastructure woes.
However there remains a shortage of skilled workers, and the country struggles to attract them.

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

The Australian government says it will halve the migration intake within two years in a bid to fix the country's broken immigration system.
It aims to slash the annual intake to 250,000 - roughly in line with pre-pandemic levels - by June 2025.
Visa rules for international students and low-skilled workers will also be tightened under the new plan.
Migration has climbed to record levels in Australia, adding pressure to housing and infrastructure woes.
However there remains a shortage of skilled workers, and the country struggles to attract them.

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

The Australian government says it will halve the migration intake within two years in a bid to fix the country's broken immigration system.
It aims to slash the annual intake to 250,000 - roughly in line with pre-pandemic levels - by June 2025.
Visa rules for international students and low-skilled workers will also be tightened under the new plan.
Migration has climbed to record levels in Australia, adding pressure to housing and infrastructure woes.
However there remains a shortage of skilled workers, and the country struggles to attract them.

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

Most goods coming from Angola, the Democratic Republic of Congo, Gambia, Mali, Madagascar and Mauritania will no longer have tariffs on them when entering the Chinese market.
China is the biggest consumer of cobalt from DR Congo, while a booming cafe culture among Chinese youth is driving sales of coffee.
China's new policy, which comes into effect on Christmas Day, follows criticism that it focuses on buying mainly raw materials from the continent.
It's being touted by China's Customs Tariff Commission of the State Council as proof of the spirit of China-Africa friendship and cooperation" leading to "a high-quality China-Africa community with a shared future.

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

Most goods coming from Angola, the Democratic Republic of Congo, Gambia, Mali, Madagascar and Mauritania will no longer have tariffs on them when entering the Chinese market.
China is the biggest consumer of cobalt from DR Congo, while a booming cafe culture among Chinese youth is driving sales of coffee.
China's new policy, which comes into effect on Christmas Day, follows criticism that it focuses on buying mainly raw materials from the continent.
It's being touted by China's Customs Tariff Commission of the State Council as proof of the spirit of China-Africa friendship and cooperation" leading to "a high-quality China-Africa community with a shared future.

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

Most goods coming from Angola, the Democratic Republic of Congo, Gambia, Mali, Madagascar and Mauritania will no longer have tariffs on them when entering the Chinese market.
China is the biggest consumer of cobalt from DR Congo, while a booming cafe culture among Chinese youth is driving sales of coffee.
China's new policy, which comes into effect on Christmas Day, follows criticism that it focuses on buying mainly raw materials from the continent.
It's being touted by China's Customs Tariff Commission of the State Council as proof of the spirit of China-Africa friendship and cooperation" leading to "a high-quality China-Africa community with a shared future.

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

African Development Bank Group President, Dr Akinwumi Adesina, has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialisation progress by penalising value-added exports including steel, cement, iron, aluminium and fertilizers.
Adesina says with Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will be forced to export raw commodities again into Europe, which will further cause the de-industrialisation of Africa.
He added that Africa has been short-changed by climate change; now it will be short-changed in global trade.

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