Weekly Economic Index, Bloodless malaria test, Rwanda oppresses opposition leader, and Morocco’s World Cup bid.

Weekly Economic Index, Bloodless malaria test, Rwanda oppresses opposition leader, and Morocco’s World Cup bid. VA: MID-WEEK UPDATE [Facebook]( [Twitter]( [LinkedIn]( [Google Plus]( mailto:your@email.com [Email](mailto:your@email.com) Sarkin Kano, Muhammadu Sanusi Photo By: Sani Maikatanga (@sanimaikatanga_photography) Business Weekly Economic Index: Financial inclusion remains low in Nigeria, Brent oil prices dip. This is the Ventures Africa Weekly Economic Index, for the week ending [15th of June 2018](. This economic index gives you a glimpse into recent activities in Nigeria’s economy as well as changes that could affect the economy. How much does the Chinese currency sale improve the Nigeria-China trade imbalance? Following the bilateral currency swap agreement signed early last month between the Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC), [CBN has released]( detailed guidelines on Thursday as to issuing the Remnimbi. More than 60 million Nigerians are unbanked – World Bank. A 2017 World Bank Global Findex Database report on financial inclusion says that more than 60 million Nigerians are [without bank accounts](. The report, titled The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution used data from a survey carried out in 144 countries, in collaboration with the Bill and Melinda Gates Foundation and Gallup Inc. Policy Rwanda seizes assets of jailed opposition leader Diane Rwigara. The persecution of Diane Rwigara continues as Rwandan authorities have auctioned off more than $1 million worth of her family business. The former opposition leader [has been jailed]( since last year for forgery and inciting insurrection. Morocco’s World Cup bid loss seems political. Morocco left the African Union in 1984 after the body decided to [recognize the independence]( of Western Sahara, also known as Sahrawi Arab Democratic Republic (SADR), and admitted it as a member state. Moroccan forces were occupying Western Sahara at that time, and annexed part of it as a colony. Ethiopia’s faltering dependence on China: Leading by example? Beijing has invested billions into the Ethiopian economy as part of its Belt and Road Initiative, a globe-spanning investment scheme to build infrastructure and [promote trade with China](. Involving more than 60 counties around the world, Ethiopia is one of China’s most important partners in Africa because of its role as a burgeoning logistics and manufacturing hub for targeting the European market. Why Congo’s political peace is crucial for its ambitious mega hydropower project. The Inga 3 project, the first part of the mega-project, is being fast-tracked by the DRC government and [will span one channel]( of the vast river Congo at Inga Falls. But subsequent phases, estimated to cost about $100bn, could eventually span the Congo River, the world’s second largest by volume. This is how micro plastics are harming our lungs. Inhaled micro plastics stay in the lung tissues, and since they cannot dissolve, tend to remain there for a long time. The longer the time spent in the lungs, the higher the risk of infections. Prolonged inhalation of micro plastics have been [known to cause problems]( from limited lung capacity to lung cancer. And these airborne micro plastics also carry microorganisms-bacteria, fungi- from the air, into the bloodstream through the lungs. Innovation Bloodless malaria test by 24 year-old Ugandan wins the Africa Prize for Engineering Innovation. 24-year-old Ugandan software engineer, Brian Gitta, recently [won the prestigious]( Africa Prize for Engineering Innovation for his innovation Matibabu, a swift bloodless malaria testing device. Having missed school several times due to falling ill with malaria, Gitta and his team decided to create Matibabu. Social Media – Instagram The Durbar Festival – [View here]( Survey on child labour – [View here]( We’d love to hear your thoughts and comments. Please drop us a note at hello@ventures-africa.com. We’re active on [Facebook]( and [Twitter]( as well throughout the day with more stories. Like us on [Facebook]( and follow us on [Twitter](. For advertising opportunities please contact: Business Unit [manager@ventures-africa.com](mailto:inyang@ventures-africa.com) Tel: +234-909-328-4213, +234-909-328-4214 [Share]( [Tweet]( [Forward]( [+1]( This email was sent to {EMAIL} [why did I get this?]( [unsubscribe from this list]( [update subscription preferences]( Ventures Africa · 1 Rima street · Maitama, Abuja 100211 · Nigeria