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Bloomberg


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. 


Next Africa

A spectacular gold-market boom is spurring a push by African nations — where the ground is rich in the precious metal — to extract more revenue. 
 
On this week’s episode, Bloomberg’s precious metals reporter Jack Ryan and our Africa Mining and Metals correspondent William Clowes join Jennifer Zabasajja to explain what’s behind the rising gold price, how African countries are trying to capitalize on the boom and what risks there might be for investors.
 
For more stories from the region, subscribe to the Next Africa newsletter here

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How Africa Is Cashing In On Booming Gold Prices

South Africa and Nigeria are poised to exit a global financial watchdog’s “gray list” as soon as this month, marking a change in fortune for two of the continent’s biggest economies.
 
On this week’s Next Africa podcast, Bloomberg’s Africa Economics and Government Editor Monique Vanek and reporter Ben Bartenstein join Jennifer Zabasajja to explain how the countries ended up on the list in the first place, what they’ve done to improve their systems and what benefits exiting the list could bring to their economies.

For more stories from the region, you can subscribe to the Next Africa newsletter here

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Why Nigeria and South Africa Could Leave the ‘Dirty Money’ List

In parts of Africa, public opinion on China is more favorable than in many other regions, according to an Asia Society survey released this month. That enthusiasm contrasts sharply with Beijing’s standing in the West and some of Asia, where views have soured dramatically.
 
In this week’s episode, Bloomberg’s Asia columnist Karishma Vaswani and Africa Economist Yvonne Mhango join Tiwa Adebayo to discuss just why China is winning the diplomacy war in Africa, and how good the deal is for African economies.
 
You can read Karishma’s column here and for more stories from the region, subscribe to the Next Africa newsletter here

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Why China Is Winning Over Africa

Ethiopia has inaugurated Africa’s biggest hydroelectric dam, a colossal feat of engineering that could power homes and industries across East Africa. But the dam is also deepening a years-long dispute with Egypt and Sudan over the flow of the Nile.
 
On this week’s episode of the Next Africa Podcast, Jennifer is joined by Bloomberg’s Ethiopia Reporter Fasika Tadesse and our Cairo based reporter Tarek El-Tablawy to discuss what Ethiopia hopes the dam will achieve economically and how downstream neighbours Egypt and Sudan may respond. 

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Why Ethiopia’s Giant Dam has Left Egypt and Sudan Angry

Botswana became one of the richest countries in Africa because it's the world's biggest producer of diamonds by value -- but with lab-grown gems soaring in popularity, the sparsely-populated desert nation is facing a social and economic existential crisis
 
President Boko has pledged to diversify the economy away from its over-reliance on a single resource, but the changes may have come too late.
 
On this week’s episode, Bloomberg’s Matthew Hill and Botswana-based reporter Mbongeni Mguni join Jennifer Zabasajja to discuss their latest reporting from the region, and what the impact of the diamond slump looks like on the ground in Botswana.
 
For more stories from the region, subscribe to the Next Africa newsletter here

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Can Botswana Survive the Lab-Grown Diamond Boom?

It’s the summer festival season, and while Europe and North America are seeing declining sales and smaller tours - Africa’s festival scene is on an upward trend.
 
Eswatini’s Bushfire Festival, and Tanzania’s Sauti Za Busara are growing, bringing jobs, tourism and support for Africa’s music industry.
 
On this week’s episode, Tiwa Adebayo speaks to Maputo based correspondent Tavares Cebola, who’s been reporting on the summer festival season. They discuss whether the African music industry is able to capitalise on its global popularity and how the region's growing younger middle class are fueling the festival industry.
 
Jennifer Zabasajja will return next week.
 
For more stories from the region, subscribe to the Next Africa newsletter here 

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Can Africa’s Music Festivals Compete On The World Stage?

Two South African oil workers who had been detained in Equatorial Guinea prisons for two years have spoken to Bloomberg about their ordeal.
 
Peter Huxham and Frik Potgieter were arrested on drug-trafficking charges and detained in short order in February 2023, days after a South African court ordered the seizure of a yacht linked to Equatorial Guinean Vice President Teodoro Nguema Obiang Mangue, known as Teodorin. 
 
In this special episode of the Next Africa Podcast they talk about their arrest, what it’s like inside Equatorial Guinean prisons and how they feel now they are back with their families in South Africa. 
 
And Bloomberg’s Energy reporter Paul Burkhardt speaks to Jennifer Zabasajja about the diplomatic relations between South Africa and Equatorial Guinea, the role of the Vice President, and what this means for international investment in OPEC’s smallest member.

For more stories from the region, subscribe to the Next Africa newsletter here

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Oil Workers Recount Yearslong Detention in Equatorial Guinea

A private island off the coast of Tanzania, where guests pay around $50,000 a night for an exclusive-use villa, catamaran and helicopter transfers within a protected marine reserve is the latest frontier in Africa’s booming luxury hospitality market.
 
Bloomberg’s Prinesha Naidoo joins Jennifer Zabasajja to explain what's behind the boom in ultra luxury tourism, who’s benefiting and whether the economic boost is sustainable.
 
You can read Prinesha Naidoo's piece here, and for more stories from the region, subscribe to the Next Africa newsletter here 

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Why Africa’s Ultra Luxury Hotels Are Booming

Opposition parties are protesting in Abidjan after court rulings blocked key opposition figures from standing in October’s presidential election. The decisions paved the way for 83 year-old President Alassane Ouattara to seek a controversial fourth term.
 
On this week’s episode, Bloomberg’s Abidjan-based reporter Kamailoudini Tagba joins Jennifer Zabasajja and talks about what’s behind the process, how President Ouattara is regarded in Ivory Coast and what hopes there are for fair and peaceful elections in October.

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What's Driving The Protests Over The Ivory Coast Presidential Election?

Somaliland, which proclaimed independence from Somalia in 1991, is willing to offer the US a military base at the entrance to the Red Sea and critical-minerals deals in its quest for international recognition as a sovereign state.
 
On this week’s episode - Bloomberg’s Simon Marks joins Jennifer Zabasajja to explain the history behind Somaliland and its independence claim, and whether this new plan to try and get US recognition will succeed.

For more stories from the region, subscribe to the Next Africa newsletter here

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Could President Trump Recognise Somaliland’s Independence?

Armed drones struck the airport and harbor in Sudan’s main coastal city Port Sudan, escalating a deadly conflict between the North African nation’s army and the Rapid Support Forces militia.
 
Sudan has accused the UAE of supporting the RSF and has cut off diplomatic ties and withdrawn its ambassador. The UAE firmly denies any involvement. 
 
On this episode, Bloomberg’s Nairobi based reporter Simon Marks joins Jennifer Zabasajja to explain why this escalation opens up a new front in the two year long civil war, and what evidence there is that the UAE is backing the RSF.

For more stories from the region, subscribe to the Next Africa newsletter here

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Why Sudan Blames The UAE For Port Sudan Drone Strikes

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