Newscast - Africa

By Africa Business Radio

We bring you various leading news from across Africa, on business, economy, market, and politics. Towards A Profitable Africa.... more

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about Newscast - Africa:

How many episodes does Newscast - Africa have?

The podcast currently has 2,114 episodes available.

Newscast - Africa episodes:

March 23, 2020 The OECDs Worries About The Crumbling Global Economy
The Organisation for Economic Co-operation and Development has warned that the world will take years to recover from the coronavirus pandemic.
OECD secretary-general, Angel Gurría, said the economic shock was already bigger than the financial crisis. He told the BBC it was "wishful thinking" to believe that countries would bounce back quickly. The OECD has called on governments to rip up spending rules to ensure speedy testing and treatment of the virus. Mr. Gurría said a recent warning that a serious outbreak could halve global growth to 1.5% already looked too optimistic.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
2min
March 23, 2020 Global stocks fall again despite virus rescue efforts
European stock markets have taken further hits over fears of the economic impact from the coronavirus pandemic.
London's FTSE 100 index sank more than 4 percent, while main indexes in Frankfurt and Paris were down more than 3 percent.
Earlier, Asian stock markets had fallen sharply.
The Hang Seng index in Hong Kong fell by nearly 5%, while China's Shanghai Composite lost 2.4%.
New Zealand's main share index started the day down by more than 10%, but recovered some ground to close 7.6% lower.
The ASX 200 in Sydney dropped more than 7% in early trading and closed down 5.6% at the end of the trading session
In India, where a 14-hour curfew was announced, its Sensex index fell 10%, triggering a "circuit breaker" and a 45-minute trading halt. It continued its slide to fall 12%.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
3min
March 23, 2020 World Bank moving forward on first $1.7 bn in pandemic aid projects
The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic.
In a blog posted on LinkedIn, World Bank president, David Malpass said, funding for the projects could come out of a 14-billion-dollar Fast Track Facility approved last week to help countries deal with the health and economic impact of the coronavirus. Malpass said World Bank teams were preparing projects in 40 countries for up to 1.7 billion dollars under the FTF.
He added that the World Bank and International Finance Corporation were working to free up 1.5 billion dollars in COVID-19 funding in 24 countries by restructuring existing projects. He didn't name the countries involved.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
3min
March 23, 2020 NDIC call on banks to restructure credit administration
The Nigeria Deposit Insurance Corporation has called on banks to re-organise their credit administration in a way that enhances access to credit and loan repayment for customers in the trying times ahead.
The Managing Director and Chief Executive Officer of NDIC, Umaru Ibrahim made the call in Lagos during a sensitisation workshop for members of the House of Representatives Committee on insurance and actuarial matters. Ibrahim also said the Federal Government, Central Bank of Nigeria and the NDIC are working tirelessly in ensuring stability in the banking sector and economy at large.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
3min
March 23, 2020 Department of Petroleum Resources, Warri Zonal office warns petroleum marketers against hoarding
The Warri Zonal Office of the Department of Petroleum Resources has warned petroleum marketers against hoarding products. DPR's Operations Controller, at Warri office, Antai Asuquo, gave the warning on Monday in Warri during a surveillance by the regulatory agency. Asuquo told newsmen shortly after the exercise that Federal Government had enough products, and warned against panic-buying.
He assured that the pump price of petroleum would be adjusted over time.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
2min
March 23, 2020 Shell cuts costs, slashes spending on virus turmoil
Royal Dutch Shell says it will slash costs and capital expenditure by billions of dollars due to the worsening coronavirus pandemic, which has sparked an oil price collapse. The oil company, in a statement, said it will cut operating costs by between 3 and 4 billion dollars over the next 12 months, and will reduce its annual spending to 20 billion dollars from 25 billion dollars.
Shell added in the statement that it was taking “decisive action to reinforce the financial strength and resilience of its business so that it can be well-positioned for the eventual economic recovery”.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
3min
March 23, 2020 Confirmed cases of Covid-19 in Nigeria rises to 35
Meanwhile, the number of confirmed cases of the deadly COVID-19 virus in Nigeria has risen to 35. This is according to an announcement on Monday by the Nigeria Centre for Disease Control which said five new cases had been confirmed.
A breakdown of the figure shows that two cases were confirmed in the Federal Capital Territory, another two were confirmed in Lagos while one case was confirmed in Edo State.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
2min
March 23, 2020 Biggest source of risk facing Nigeria are people returning to Nigeria, said Nigeria Centre Disease Control's Director-General
The Nigeria Centre for Disease Control says the biggest source of risk faced by the nation is people returning to Nigeria. NCDC's Director-General, Chikwe Ihekweazu, disclosed this on Monday, noting that the agency is following up with returning travellers in self-isolation as part of preventive measures by the Federal Government.
The NCDC boss called on the public to comply with the federal government's directives to self-isolate after returning from high-risk countries.”
He explained that the health agency has moved from giving a daily briefing on the disease to a real-time release of information.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
3min
March 23, 2020 Nigeria records first death from covid-19;
Nigeria has recorded the first death due to the COVID-19 pandemic.
The Nigeria Centre for Disease Control made the announcement on Monday in a tweet, saying the case was of a 67-year-old male who returned to Nigeria after a medical treatment in the UK.
He had underlying medical conditions including multiple myeloma and diabetes and was undergoing chemotherapy.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
2min
March 23, 2020 Share Index opens week on a negative note with 2.24% decline;
The All Share Index has opened the week on a negative note, falling 2.24 percent. After 5,883 deals, the main benchmark index closed at 21,700.98 points as investors exchanged 464.363 million shares. The market capitalisation finished at 11.308 trillion naira.
---
Support this podcast: https://anchor.fm/newscast-africa/support
Learn more about your ad choices. Visit megaphone.fm/adchoices
...more
2min

FAQs about Newscast - Africa:

How many episodes does Newscast - Africa have?

The podcast currently has 2,114 episodes available.