The Naira, Nigeria's currency has been devalued twice since June 2023. Despite a gain in March 2024, the pressure on the economy is increasing. This week on the Next Africa Podcast, Jennifer Zabasajja and Bloomberg's Nigeria Bureau Chief Anthony Osae-Brown discuss how this currency's roller coaster has been affecting consumers and businesses. 

The Naira, Nigeria's currency has been devalued twice since June 2023. Despite a gain in March 2024, the pressure on the economy is increasing. This week on the Next Africa Podcast, Jennifer Zabasajja and Bloomberg's Nigeria Bureau Chief Anthony Osae-Brown discuss how this currency's roller coaster has been affecting consumers and businesses.

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent. 

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent.

Inside the stories shaping the world’s fastest-growing continent.

Next Africa

Nigeria And The Naira's Roller Coaster

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95caead6-7f2e-485b-b285-b17100cdf218/transcript

South Africa’s ruling party looks set to fall short of securing a parliamentary majority for the first time since surging to power at the end of apartheid three decades ago, ushering in a period of uncertainty with a coalition partner needed to retain control. 

The African National Congress is on course to win 42% of the votes cast in Wednesday’s national election, according to projections based on early results. That would be a massive 15.5 percentage point drop from the last vote five years ago.   

In this week’s special episode, The Big Take host Sarah Holder is joined by Johannesburg-based economic and government affairs reporter Ntando Thukwana to discuss why voters are seemingly souring on the ANC.

South Africa’s ruling party looks set to fall short of securing a parliamentary majority for the first time since surging to power at the end of apartheid three decades ago, ushering in a period of uncertainty with a coalition partner needed to retain control.  The African National Congress is on course to win 42% of the votes cast in Wednesday’s national election, according to projections based on early results. That would be a massive 15.5 percentage point drop from the last vote five years ago.   
In this week’s special episode, The Big Take host Sarah Holder is joined by Johannesburg-based economic and government affairs reporter Ntando Thukwana to discuss why voters are seemingly souring on the ANC.

The Big Take: Why Voters Could Deliver Major Change In South Africa

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a22b62a1-5078-4c31-94dc-b18000bc873a/transcript

In Ghana, the Supreme Court has started hearing suits against a bill that seeks to punish people who identify as LGBTQ. The proposed legislation could threaten funding support from the World Bank and the IMF who have non-discrimination standards. It could also set back a $20 billion debt restructuring deal the country is still negotiating. This week, on the Next Africa podcast, Jennifer Zabasajja and Bloomberg Senior reporter Yinka Ibukun discuss the potential social and financial implications on Ghana and beyond if the bill is passed.

In Ghana, the Supreme Court has started hearing suits against a bill that seeks to punish people who identify as LGBTQ. The proposed legislation could threaten funding support from the World Bank and the IMF who have non-discrimination standards. It could also set back a $20 billion debt restructuring deal the country is still negotiating. This week, on the Next Africa podcast, Jennifer Zabasajja and Bloomberg Senior reporter Yinka Ibukun discuss the potential social and financial implications on Ghana and beyond if the bill is passed.

Could An Anti-LGBTQ Bill Damage Ghana's Economy?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f1b9327d-32cb-4ada-924e-b17800e4f25a/transcript

Yemen's Iran-backed Houthi militants have disturbed global trade with attacks on commercial ships in the Red Sea. One African country has been playing a major role in Western allies efforts to contain those attacks. 

This week on the Next Africa Podcast Jennifer Zabasajja and Simon Marks discuss why Djibouti's strategic importance in the region is providing the country with an economic boost.

Yemen's Iran-backed Houthi militants have disturbed global trade with attacks on commercial ships in the Red Sea. One African country has been playing a major role in Western allies efforts to contain those attacks. This week on the Next Africa Podcast Jennifer Zabasajja and Simon Marks discuss why Djibouti's strategic importance in the region is providing the country with an economic boost.

Is this African Country The Key to Keeping the Red Sea Safe ?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ee2934e6-335e-4141-9278-b16b00d09a83/transcript

Nigeria And The Naira's Roller Coaster

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