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CNN —Over the past eight years, Aliko Dangote, Africa’s richest man, has built one of the world’s largest oil refineries. Nigeria is one of Africa’s largest oil producers, yet the country has lacked the capability to refine its oil forcing it to rely on imported fuel. Aliko Dangote walks CNN's Eleni Giokos through his oil refinery in Lekki, Nigeria. Did it make economic sense at the time to build a cement plant and compete effectively with imported cement prices? Video Ad Feedback A rare look inside Africa’s largest oil refinery 23:00 - Source: CNNCNN: So how are imports affecting industrialization and local growth of value chains?
Persons: Aliko, I’ve, , CNN’s Eleni Giokos, they’ve, Dangote, CNN's Eleni Giokos, we’re, you’ve Organizations: CNN, Dangote Industries Ltd, National Petroleum Corporation, CNN CNN, Obajana, Dangote Cement, Continental Free Trade Area Locations: Lagos, Nigeria, Lekki, India, Dangote, Saharan Africa, Kogi State, Egypt, American, Africa
CNN —Last week, travel and tourism industry representatives from more than 150 countries gathered at the annual Arabian Travel Market trade show, held this year in Dubai. There, CNN’s Eleni Giokos spoke with Julia Simpson, president of the World Travel and Tourism Council (WTTC), about trends in tourism in the Middle East, and the challenge of making travel more sustainable. We are here in the Middle East — this is the first time I’ve been to the Arabian Travel Market — but what’s interesting is everyone’s telling me they have never, ever seen it this busy. Simpson: Well, the GCC and Middle East is growing faster than any other region. Visitors and delegates at the Arabian Travel Market.
Persons: CNN’s Eleni Giokos, Julia Simpson, I’ve, Simpson, Saud, you’ve, We’ve, we’ve Organizations: CNN, Travel, Tourism Council, Arabian, GCC, Gulf Cooperation, United, Visitors, Oxford Economics Locations: Dubai, Abu Dhabi, Ras Al, Khaimah, United Arab Emirates, Saudi, Arabia, , Saudi Arabia, Oman, East, UAE, Gaza, Egypt
WCK and Anera, another aid group, have said they will pause operations in Gaza following the incident. Israel maintains there is no limit on the amount of food or humanitarian aid that can enter Gaza, but aid agencies accuse it of deliberately restricting deliveries. Shortly afterwards, American Near East Refugee Aid (Anera), an NGO that delivers aid to the West Bank, the Gaza Strip, Lebanon and Jordan, also suspended its Gaza operations. Along with Turkey, the UAE is the biggest donor of aid to Gaza, according to COGAT, providing 25% of all aid from foreign nations. The fate of the extra aid WCK had planned for Gaza is also uncertain.
Persons: , ” WCK, Jose Andres, Israel, Benjamin Netanyahu, , Juliette Touma, Ismael Abu Dayyah, WCK, Touma, Ghassan, ” Abu, Sittah, CNN’s Eleni Giokos, Anera, Barak Ravid, Nikos Christodoulides, Jamie McGoldrick Organizations: CNN, United Arab Emirates, Integrated, UN’s, Works Agency for Palestine Refugees, Israel, UN, WCK, Reuters, Wednesday, UNRWA, Israel’s, CARE, ICRC, United Nations, Israel Defense Forces, East Refugee, West Bank, Touma, UN agency’s Locations: Gaza, Cyprus, Israel, UAE, , East, Gaza’s, Deir al Balah, Cypriot, Larnaca, Territories, Egypt, Jordan, British, Palestinian, Gazan, Deir, American, Lebanon, Axois, Turkey, The Gulf, UNRWA, Palestinian Territory
CNN —As the echoes of the final whistle rang out around the Abdullah bin Khalifa stadium in Doha, Qatar, Palestinian players celebrated with anguished joy last week. The historic sporting moment for Palestinians comes as Israel’s war against Hamas rages in Gaza, causing widespread destruction and initiating a catastrophic humanitarian crisis. The Palestinian Football Association says that, as of December 6, 55 football players are amongst the dead, including amateur and youth members. Some Palestinian national team footballers, like Saleh, have reportedly lost family members or have relatives and friends trapped in Gaza. Palestinian national team players observe the national anthems prior to the AFC Asian Cup Group C match between Iran and Palestine at Education City Stadium on January 14, 2024 in Al Rayyan, Qatar.
Persons: Abdullah, Oday, Israel, Rami Hamada, Mohamed Saleh, Mohammed Rashid, CNN’s Eleni Giokos, , Hong Kong, , “ We’re, Rashid, Mohammed Saleh, Hector Retamal, Saleh, ” Rashid, there’s, “ They’ve, ” Mohammed Rashid of, Mohammad Mohebbi, Masashi Hara, Gianni Infantino, we’re, Robert Cianflone, Monday’s Organizations: CNN, Palestinian national soccer team, AFC Asian, Hong, Qatar, Iran, Palestinian, UAE, Group C, Janoub, Getty, Ministry of Health, Palestinian Football Association, West Bank, Palestinian soccer, Education City, FIFA, UEFA, Russian, Israel, Persib, , Hamas Locations: Doha, Qatar, Palestinian, Gaza, Hong Kong, Hong, Palestine, Al, AFP, , Ramallah, Israel, Iran, Al Rayyan, Ukraine, Persib Bandung, refence, Russia
The timing is ripe as African countries grapple with sluggish growth, food insecurity and debt distress. CNN: According to IMF reports, the levels of inflation and public debt we’re seeing in Africa have not been seen in many decades. Kristalina Georgieva, managing director of the IMF, speaks in Washington, DC, in April at a meeting of the World Bank and IMF. Georgieva: I expect to see a very strong focus on the African continent. We did a paper on how the continental free trade agreement can benefit Africa if these trade and non-trade barriers are eliminated and the results are phenomenal: trade within Africa can increase by 53%, trade between Africa and the rest of the world by 15%, and real income per capita could grow by 10%.
Persons: Kristalina Georgieva, Georgieva, CNN’s Eleni Giokos, Kevin Dietsch, we’re, they’re Organizations: CNN, International Monetary Fund, World Bank, Bank, IMF Locations: Africa, Marrakech, Morocco, Washington , DC
CNN —The Israeli military’s operation in the occupied West Bank city of Jenin is winding down but “not over” until the Israeli Defense Forces (IDF) say it is, a spokesperson told CNN, as the United Nations expressed deep concern over the violence in the city’s sprawling refugee camp. At least 12 people, ranging in ages from 16 to 23, have been killed and scores more injured after Israeli forces launched operations in the camp this week, Palestinian officials say. “We are now in the end of achieving our goals, inside Jenin, fighting the terror and dismantling the terror in the Jenin Camp,” Hagari said. The operation was carried out because the gunmen “posed a threat to the security forces exiting from the Jenin Camp,” the IDF added. Rudeineh said that “the Israeli army was attacking Palestinian citizens” and added, “What happened yesterday was completely dangerous.”
Persons: Israel, Daniel Hagari, , ” Hagari, , Volker Türk, maiming, Türk, Pinchas Rosen, Benjamin Netanyahu, Sawafta, Nabil Abu Rudeineh, CNN’s Eleni Giokos, Eleni Giokos, Rudeineh Organizations: CNN, West, Israeli Defense Forces, United Nations, UNICEF, Hamas, West Bank, Israeli Security Forces, ISF, Israeli, Palestinian, IDF, Reuters, Palestinian Authority Locations: West Bank, Jenin, Tel Aviv, Israel, United States
CEO Stephen Saad discussed the future of the pharmaceutical sector in Africa, and what lessons Aspen Pharmacare has learned from the Covid-19 pandemic, with CNN’s Eleni Giokos. During the pandemic, we’ve seen a spotlight on the inequalities that exist on the continent in the pharmaceutical sector. Aspen has had a very strong commercial presence across Africa and now you’re moving up the value chain. When Covid came and Africa needed vaccines, over 90% of the vaccines were supplied by India — and that wasn’t great. If it hadn’t been for Aspen, there would have been no vaccines made in Africa for the continent.
The World Trade Organization (WTO) projected in October that after growing by 3.5% in 2022, trade volumes will increase by just 1% in 2023. Either way, Africa may start to reap the benefits of a free trade deal that came into effect in 2021. The landmark African Continental Free Trade Area (AfCFTA) agreement created the world’s largest new free trade area since the establishment of the WTO. What do they need and what are they telling you in terms of doing cross-border trade on the African continent? What we’ve seen during the pandemic is that Africa needs to get its own manufacturing capacity, and this falls right back into what can make the continental free trade area work.
Ahead of COP 27, CNN’s Eleni Giokos discussed this and other topics at Africa Energy Week in Cape Town, with Verner Ayukegba, Senior Vice President of the African Energy Chamber, which works with businesses in the continent and promotes energy growth. At the African Energy Chamber, we have decided to champion making energy poverty history by 2030. We need to make sure that we solve, of course, the climate issues, but also the power issues. What we are saying, however, is that you can’t transition in Limpopo [South Africa] in the same way you transition in New York. For anybody who has a constituency with 600 million people without power, you need to talk differently about these issues.
Nigerian billionaire Abdul Samad Rabiu says it’s time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. Rabiu is the CEO of BUA Group, a conglomerate in food processing, infrastructure, manufacturing and mining. His company has made investments across the continent to cut its reliance on imports from Europe and Asia. High inflation, food insecurity, energy prices: What are you going to do to solve some of these issues? It’s a 20,000-hectare, four-in-one, fully integrated sugar plantation with sugar mill, sugar refinery, ethanol and power plant.
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