Welcome to the Business hub of Zulu Surf Riders Daily. Here we cut through the noise and bring you straight‑to‑the‑point stories that affect your wallet, career, and everyday life across Africa.
President Tinubu just rolled out the 3MTT programme – a bold move to create three million tech jobs for Nigerian youths. The plan promises training, apprenticeships and real gigs in sectors like fintech, renewable energy and e‑commerce. If you’re a young professional or an investor, this could be a game‑changer.
Crypto fans felt the sting as Bitcoin dropped to $50K. The plunge came after regulators cracked down and confidence slipped. Experts warn that continued volatility might spill over into traditional markets, so keep an eye on your crypto holdings.
Kenya’s tourism industry is bleeding bookings to Tanzania because of ongoing protests over the Finance Bill 2024. Hotels, tour operators and local vendors are feeling the pinch. Travelers looking for a smooth experience may want to compare options before booking.
Citi has been crowned the top provider of transaction services in the Middle East. Their cash‑management tools and trade solutions help multinationals move money faster and cheaper. If your business deals with cross‑border payments, Citi’s platform is worth checking out.
Bybit Web3 just launched DEX Pro – a decentralized exchange that mixes DeFi benefits with smart trading tech. It supports multiple blockchains and wallets, giving traders more control over assets without relying on a central party.
In Kenya, the Energy & Petroleum Regulatory Authority announced a mid‑May fuel price cut. Diesel, petrol and kerosene will see lower rates in major cities, easing transport costs for commuters and logistics firms alike.
Every story here has a ripple effect on jobs, investments and daily expenses. Whether you’re hunting a new gig, planning a vacation, or managing a company’s cash flow, staying informed helps you make smarter choices.
Got a question about any of these topics? Drop us a comment or reach out directly – we love hearing from readers who want to turn news into action.
August producer prices in the U.S. unexpectedly fell 0.1% month-over-month, missing forecasts for a 0.3% rise. Annual PPI slowed to 2.6% from 3.1%, with services margins dropping as retailers and wholesalers absorbed tariff costs. Core PPI also slipped 0.1% on the month. Markets barely reacted, and projections see PPI hovering near 3% by quarter-end.
The Nigerian Federal Government has launched the 3 Million Jobs Through Tech (3MTT) programme, aimed at generating employment for the youth. Announced by Minister Mohammed Idris, this initiative seeks to alleviate unemployment and economic challenges under President Tinubu's administration. By creating jobs across various sectors, the programme aims to empower and engage Nigeria's young population.
Bitcoin's value has crashed to $50K, driven by a blend of regulatory challenges, diminishing investor trust, and economic struggles. The sell-off is raising alarms about the stability of the crypto market. Experts warn that prolonged volatility could trigger a recession. Terra Luna to pay $4.5B settlement to the SEC adds to the market's woes.
Kenya's tourism industry is under severe strain due to ongoing anti-government protests. The turmoil, triggered by the Finance Bill 2024, has led to a significant decline in tourist bookings, with many tourists choosing Tanzania instead. This unrest jeopardizes a sector that plays a crucial role in Kenya's economy.
Citi has been recognized as the leading bank for transaction services in the Middle East. The bank's extensive footprint in the region spans several countries, and it serves a wide range of clients from multinationals to regional champions. Citi's comprehensive offerings in cash management, trade, and commercial cards underscore its leadership position in the market.
Bybit Web3, one of the global leaders in cryptocurrency exchanges, launches Bybit Web3 DEX Pro. This innovative decentralized exchange platform is equipped with advanced tools, blending DeFi benefits with i-SMART technology to enhance trading. The platform supports multiple blockchains and wallets, offering a comprehensive suite for smart trading decisions.
The Energy & Petroleum Regulatory Authority (EPRA) has declared a reduction in fuel prices for the period from May 15 to June 14, 2024, in response to fluctuations in the global petroleum market. This price change impacts Super Petrol, Diesel, and Kerosene, with varying price adjustments across major Kenyan cities.
