Listen to ABR

PODCASTS DIRECTORY

Newscast

Newscast

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

2020-01-25 12:42:57.0

Amotekun to Receive Legal Backing After Yemi Osinbajo's Meeting

The vice president Yemi Osinbanjo on Friday had a consultation meeting with the South West Governors on the Amotekun Initiative. The meeting concluded with all the stakeholders agreeing that Each state involved will put necessary legal backings in place to ensure that Amotekun complies with the community policing policy according to the constitution of the Federal Republic of Nigeria.

2020-01-25 12:37:31.0

The Johannesburg Bourse Recorded Worst Weekly Loss, Attributed to The Chinese Coronavirus

The Johannesburg Stock Exchange on Friday recorded its worst weekly loss of the year 2020. According to the analyst, this was due to the impact of the coronavirus outbreak that disrupted the Asian equity market.

2020-01-25 12:33:09.0

Platinum Miner Lost Millions of Dollars in ESKOM Related Incidences in South Africa

Angolan-American Miner reported a loss of about $51 million in blackout related incidences caused by ESKOM load-shedding in South Africa. The losses were in forms of several ounces of platinum metal.

2020-01-21 06:20:02.0

In the Wake Brexit, Facebook Creates New Jobs

Facebook will create 1,000 new roles in London over the course of this year, including adding to its team tackling harmful online content. More than half of the new jobs will be technology-focused, with roles in software engineering, product design, and data science, the company said.
It will take Facebook's UK workforce to more than 4,000.
Facebook's chief operating officer Sheryl Sandberg will announce the new jobs in London later on Tuesday, before traveling to the World Economic Forum in Davos.
"Many of these high-skilled jobs will help us address the challenges of an open internet and develop artificial intelligence to find and remove harmful content more quickly," she is expected to say.
Those roles will be in Facebook's "community integrity" team, which designs tools to police posts on Facebook's platforms including Messenger, Instagram, and WhatsApp.

Steve Hatch, the firm's vice-president for northern Europe, told BBC Radio 4's Today program that the firm had decided to invest more in policing online content, following the suicide of teenager Molly Russell in 2017.
Facebook aimed to build on the progress it had made in tackling terrorist content to remove other problematic content such as self-harming, Mr. Hatch said.
The firm had detected and removed two million posts from Facebook and 800,000 from Instagram, he added.

2020-01-21 06:07:54.0

Trump's Impeachment Trial Formally Begins, With Hotly Contentious Timelines

After an opening salvo of back-and-forth arguments from President Trump's attorneys and Democrats' impeachment managers on Monday, Senate impeachment trial proceedings are set to begin at 1 p.m. on Tuesday with the expectation they will stretch well into a wild night on Capitol Hill -- even as key procedural questions, including the timeline for debate and whether additional witnesses will testify, remain undecided and hotly contentious
In a surprise move Monday night, a detachment of high-profile House Republicans announced that they would formally join the president's legal team, including Reps. Doug Collins, Mike Johnson, Jim Jordan, Debbie Lesko, Mark Meadows, John Ratcliffe, Elise Stefanik, and Lee Zeldin.
The last-minute show of force underscored the fluid nature of the Senate trial, which is also set to feature full-throated arguments against impeachment from constitutional scholar Alan Dershowitz and Bill Clinton independent counsel Ken Starr.

Democrats have seethed openly ever since House Speaker Nancy Pelosi, D-Calif., failed in her gambit to force Senate Majority Leader Mitch McConnell's hand before the House would turn over the articles of impeachment to the Senate. Pelosi had sought a commitment allowing Democrats to call witnesses prior to arguments in the trial.
McConnell specifically revealed Monday that he wanted a condensed, two-day calendar for each side to give opening statements, at 12 hours per day. After the four days of opening arguments, senators would be allowed up to 16 hours for written questions to the prosecution and defense, followed by four hours of debate. Only then would there be votes on calling other witnesses, likely next week. At the end of deliberations, the Senate would then vote on each impeachment article.

2020-01-21 06:02:54.0

SAA Too Broke, Cancels Scheduled Flights

The financial crisis at South Africa Airlines deepened on Tuesday with one of the nation’s largest travel agencies announcing that the airline had canceled several domestic and international flights.
Flight Centre Travel Group said on Twitter “We are in the process of contacting our customers to advise and assist. It did not provide further details. As many as 19 flights may have been cut, News24 cited Flight Centre as saying.

2020-01-21 05:59:20.0

IMF Reported a Depressed Hope For Economic Growth in South Africa

The IMF cut its economic growth estimates for South Africa on Monday, joining the World Bank is expecting the country to grow at less than 1% in 2020.
The fund flagged structural constraints and deteriorating public finances, that "are holding back business confidence and private investment" in its World Economic Outlook update for 2020

2020-01-21 05:55:26.0

UBA Connect to Boost Intra-African Trade

UNITED Bank for Africa (UBA) Plc has announced the launch of a flagship product UBA Connect. The service enables customers of the bank to conduct traditional banking transactions at any UBA branch in the 20 African countries where the bank operates.
The service, which is available to customers and non-customers, is expected to encourage intra-Africa trade, as cash withdrawal can now be done in local currencies within the continent while deposits can also be made at any location regardless of where the account is domiciled.
The Chief Executive Officer, UBA Group, Mr. Oliver Alawuba, who spoke about the product, said: “Africa stands to benefit substantially from intra-Africa trade, which is facilitated by the easy flow of capital within the continent. As a bank committed to creating superior value for all its stakeholders, we are focused on ensuring that we continue to contribute significantly to the development of Africa by improving accessibility and trade with UBA Connect, among other innovative services.”
He explained that the new offering allows easy transfers to UBA accounts across African countries as well as cash deposits into UBA accounts at any of the bank’s locations in Africa, adding that the cash will be dispensed to customers in local currencies at competitive exchange rates.
Group Head, Marketing, Mrs. Dupe Olusola, said: they are thrilled to be able to offer customers the ease and convenience of UBA Connect which is in addition to an array of digital platforms which have made banking seamless for more than 12 million people who have trusted UBA with their money.
To use the service at any UBA business location in Africa, a UBA Connect Send, Receive or Transfer form needs to be completed, with valid identification.

2020-01-21 05:49:23.0

Buhari Unbows to Akufo-Ado's Pressure Over Border Closure

President Muhammadu Buhari yesterday urged Nigerian neighbors to bear with the country over the closure of the nation’s land borders. The president, while responding to pleas by Ghanaian President, Mr. Nana Akufo-Ado, that Nigeria should reopen its land borders, expressed regrets that the partial border closure was having a “negative economic impact on our neighbors.”
Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, said in a statement that Buhari, at a meeting in London with Akufo-Addo, explained that the borders were not closed mainly to forestall the smuggling of only food items, notably rice, but to fight the influx of arms and ammunition, and hard drugs into the country. The two leaders held the bilateral meeting on the sidelines of the UK-Africa Investment Summit 2020 in the United Kingdom.
Buhari told his Ghanaian counterpart that he could not keep his eyes open and watch youths being destroyed through cheap hard drugs as well as allow a compromise of the country’s security through the influx of small arms with impunity.
He added that although the border closure was having a “negative economic impact on our neighbors, we cannot leave our country, particularly the youths endangered.”
Buhari noted that the Sahel region had been saturated with small arms, which accounted for severe security challenges in Mali, Chad, Burkina Faso, Niger, and Nigeria.
“We are in fact the biggest victims,” he stated. Buhari vowed not to reopen the borders until the committee set up on the matter submits its final report and decision taken on it.

2020-01-21 05:41:20.0

UK Begs Africa for Business, Leveraging on Fairer Immigration Treatment

Prime Minister Boris Johnson met with African leaders individually at the UK-Africa Investment Summit, promises that the United Kingdom has something better to offer. Just merely two weeks before the final Brexit, Boris Johnson highlighted plans to put people before the passport.

BCX Brand Positioning-Awake Online_Generic2-300x600-12-2019-Tracking Ad-BUS01034
×

Newscast

News Updates

  • Amotekun to Receive Legal Backing After Yemi Osinbajo's Meeting

  • The Johannesburg Bourse Recorded Worst Weekly Loss, Attributed to The Chinese Coronavirus

  • Platinum Miner Lost Millions of Dollars in ESKOM Related Incidences in South Africa

  • In the Wake Brexit, Facebook Creates New Jobs

  • Trump's Impeachment Trial Formally Begins, With Hotly Contentious Timelines

  • SAA Too Broke, Cancels Scheduled Flights

  • IMF Reported a Depressed Hope For Economic Growth in South Africa

  • UBA Connect to Boost Intra-African Trade

  • Buhari Unbows to Akufo-Ado's Pressure Over Border Closure

  • UK Begs Africa for Business, Leveraging on Fairer Immigration Treatment