Show Notes
South Africa's Public Investment Corp., the $220 billion manager of civil servants' pensions and a major shareholder in many of the country's biggest companies, has lurched from one crisis to another. Its chief executive was suspended before a court ordered his reinstatement, while the chairman — who also served as deputy finance minister — resigned amid the fallout. On this week's Next Africa podcast, South Africa Bureau Chief Alexander Parker joins Jennifer Zabasajja to explain the turmoil at the PIC, trace how one of Africa's most influential investors became mired in repeated governance crises, and assess whether long-delayed reforms recommended by a judicial inquiry will be implemented. For more stories from the region, subscribe to the Next Africa newsletter
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Formula 1 will return to Africa, with a first race set to take place in Rwanda in the early 2030s. The East African nation will host the F1 African Grand Prix under a 10-year agreement, Formula 1 said in a statement on Tuesday. Rwanda beat out competition from South Africa and Morocco to win the right to hold the first Grand Prix on the continent since 1993. On this week’s episode of the Next Africa podcast, Jennifer Zabasajja is joined by Bloomberg Senior Africa Reporter Loni Prinsloo to find out how Rwanda won the bid, and what the country is building to make it happen. Then Bloomberg Africa’s Deputy Managing Editor Neil Munshi discusses why some have accused Rwanda and Formula 1 of Sportswashing. For more stories from the region, subscribe to the Next Africa newsletter See omnystudio.com/listener for privacy information.
Ethiopian troops have regained control of the city of Mekelle, the capital of the country’s northern Tigray region - after the Tigray People’s Liberation Front - the TPLF had seized the city’s airport and declared war on the government. As Ethiopia’s relationship with its neighbours worsen some fear this could become a broader regional war in a Red Sea region vital to global trade that is already facing geopolitical turmoil. On this week’s episode, Jennifer Zabasajja is joined by East Africa reporter Simon Marks for the latest on the conflict, and Bloomberg’s Trade Tsar Brendan Murray discusses how global trade and shipping are rewiring the region’s supply lines and infrastructure. Read our latest reporting on Ethiopia, and subscribe to the Next Africa newsletter for more for stories from the region See omnystudio.com/listener for privacy information.
The discovery of 11 women’s bodies in and around Ekurhuleni, east of Johannesburg, has horrified South Africans. Then the last few days provided a stark reminder of the country's violent crime problem: two separate mass shootings left 28 people dead, just days after 11 people were killed at a house in the eastern KwaZulu-Natal province. On this week’s episode, S’thembile Cele joins Jennifer Zabasajja to discuss her reporting on these latest incidents and whether a year after the South African government declared violence against women a national emergency there’s been any sign of any improvement, and how voters could send a message at next month’s municipal elections. For more stories from the region, subscribe to the Next Africa newsletter See omnystudio.com/listener for privacy information.
Africa’s richest man, Aliko Dangote, has finally launched the much anticipated IPO of part of his refinery business, and it's generated so much hype that many investment apps were overwhelmed by demand. The company hopes to raise as much as $2 billion from retail investors and with a minimum investment of just $4, the firm hopes ordinary Africans will buy shares. On today’s special episode, Deputy Managing Editor for Africa Neil Munshi joins Jennifer Zabasajja. They hear from Bloomberg's Lagos based reporter Yinka Ibukun about the mood among Nigerians, and then speak to analyst Feyi Fawehinmi about why he’s not convinced by the hype. Follow all our coverage of the Dangote IPO across Bloomberg platforms, and you can subscribe to the Next Africa Newsletter for more. See omnystudio.com/listener for privacy information.
We wanted to bring you one of our favourite episodes from the last 12 months this week. In Ethiopia, the share of electric vehicles on the road has jumped to 6% from just 1% after a 2024 ban on new gasoline-car imports. Across Africa, EV adoption is now among the fastest-growing globally — with Chinese automakers capturing the lion’s share of the market. On today’s episode, Bloomberg’s Fasika Tadesse joins Jennifer Zabasajja to unpack what this surge looks like on the ground in Addis Ababa, while Asia transport reporter Linda Lew explains why companies like BYD are targeting African markets. For more stories from the region, subscribe to the Next Africa newsletter here See omnystudio.com/listener for privacy information.