Dangote Says End Nigeria Fuel Subsidies; ZiG Takes Strain | Africa Amplified

October 12, 2024 Pharaoh

Nigerian billionaire Aliko Dangote has reignited debate on fuel subsidies in Nigeria, telling Bloomberg the “time is right” for the West African nation to scrap them. Staying with energy, Daniel Chapo, the front runner in Mozambique’s October 9 presidential election, exclusively tells Bloomberg how he plans to capitalize on the country’s gas reserves. We also feature the launch of Bloomberg’s inaugural Africa Startups to Watch and tell you how to apply. But first, we bring you a roundup of the top stories from east, west and southern Africa, including Zimbabwe’s latest currency experiment looking like in might be going down a dead end, the worst floods in decades across the Sahel region and billionaire Gautam Adani’s airport project sparking protests in Kenya.

00:00 Intro
00:30 Around the continent: ZiG devalues, Sahel floods, Adani project sparks protests
02:00 South Africa investment drive
13:23 Mozambique Presidential Election front runner exclusive
17:25 International Finance Corporation on currency volatility risk
18:10 Central bank bonanza: South Africa, Ghana cut; Nigeria surprises
22:18 Bloomberg launches inaugural Africa Startups to Watch list. Find out how to apply!

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