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Feb 15, 2023 • 19min

Nigeria's election and the economy

Nigerians head to the polls very soon, in what's expected to be a very closely-contested election. In this episode of Business Daily Rob Young explores how the economy could impact the vote. Africa’s largest economy, is struggling with soaring prices, fuel shortages and insecurity. We hear from Maty Ukhuegbe Osaro who runs a restaurant in Lagos called The Fish Lady, she tells us how the pandemic and rising prices have affected her business and about her hopes for the outcome of this election. Economist and financial business boss, Bismarck Rewane, says us the uncertainty around the election has led some large businesses to hold off taking key decisions and Ngozi Okonjo-Iweala, the director general of the World Trade Organisation, and former finance minister in Nigeria tells us she's optimistic about Nigeria's economic potential. Presenter / producer: Rob Young Image :Campaign rally for the Labour Party in Lagos; Credit: Getty Images
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Feb 15, 2023 • 18min

Sweden leads green steel race

Boden is a remote town in northern Sweden surrounded by pine forests, it's at the forefront of an initiative to try and clean up one of the world’s dirtiest industries - steel production. Business Daily presenter Maddy Savage visits the site of a new plant in Boden which aims to cut carbon emissions from the steel making process by 95 percent and bring more jobs and people to a shrinking community.Andy Turner is the head of construction for H2Green Steel, the start-up behind the plant in Boden, he tells us more about the site and the process of making greener steel and Katinka Lund Waagsaether, senior policy advisor with climate think tank e3g - third generation environmentalism - tells us how well is Sweden doing in the race to make steel production more sustainable. Producer / presenter: Maddy Savage Image: How the Boden plant is expected to look; Credit: H2Green Steel
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Feb 14, 2023 • 19min

What does studying in the UK cost Africans?

Frey Lindsay investigates what some African students are required to do to get a place to study in the UK – and what that costs. We examine the cost and relevancy of English language tests and explore the visa pathways that exclude some Africans. Young African academics tell us about their frustrations and the enormous expense involved. Nigerian policy specialist Ebenezar Wikina tells us about his campaign trying increase inclusion for those Africans who speak English and education scholar Samia Chasi explains why academics and institutions in poorer countries deserve more of a place in global education.Presenter / Producer: Frey Lindsay Image: Student, Donatus outside Glasgow University; Credit: BBC
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Feb 13, 2023 • 18min

Big sporting event, very small town

Business Daily’s Matthew Kenyon visits the Dutch town of Hoogerheide as it hosts the 2023 World Cyclocross Championships. Tens of thousands of fans will flock into the town, and spend their money on hotels, food and drink. But where does that money go? And what about the costs and disruption of putting on a major sporting event in a small place? We hear from the head of the local organising committee, Jan Prop, on how he raises and spends his budget; from cycling’s world governing body, the UCI; and from locals and visitors about the spending and disruption that goes with any big sporting event.Producer / Presenter: Matthew Kenyon Image: Cyclocross 2023; Credit: BBC
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Feb 10, 2023 • 18min

Getting into business: Founding a billion dollar firm

Twenty-year-old Aadit Palicha is the man behind India's hottest start up. He was just 18 when he co-founded his quick commerce company Zepto. The firm delivers groceries to its customers in under 10 minutes and is currently valued at over a billion dollars. Aadit tells the BBC's Nikhil Inamdar where the idea for Zepto came from, how they achieve such fast delivery times and what it has been like building such enormous success so quickly.Presenter/producer: Nikhil Inamdar(Photo: Aadit Palicha)
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Feb 9, 2023 • 19min

Getting into business: Start-up capital in Africa

The amount of accessible funding for start-ups in Africa is growing fast, but lots of it goes to the more developed economies of South Africa, Nigeria, Egypt and Kenya. We speak to business owners in Nigeria and Uganda and compare their experiences of getting into business. Nnamdi Okoh is the co-founder of Terminal Africa, based in Lagos. He explains the process of getting onto an accelerator programme and how the advice and financial support has allowed him and his brother to turn the business from a side hustle to a full time job. AbdulMalik Fahd investigates why Lagos has become such a hub for new business on the continent and Tom Jackson the co-founder of Disrupt Africa, a hub for start-up news, explains why investment opportunity is growing so quickly and what this means for business. Kaivan Khalid Satter is the founder of Asaak, an asset financing company for motocyles based in Kampala, Uganda. He explains how tough it was to raise funding at the beginning and tells us how he’s now managed to raise more than 30 million dollars in funding. Producer/presenter: Hannah Mullane(Photo: Nnamdi Okoh. Credit: Nnamdi Okoh)
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Feb 8, 2023 • 18min

Getting into business: Starting out

Starting a business is never easy, but in the last few years there’s been more than usual to deal with. Many would assume it's not been a great time to start trading but we speak to three business owners who did just that. Tina Kayoma is the co-founder of Project of Japan in Kyoto. A business that sells products made by Japanese crafts people across the world. She opened her first shop last year. Maria Jose Hernadez is in Switzerland where she runs a confectionary business called El Caramelo and Lisa Nielson is in Ghana where she runs Tiny Reusers, a business that sells second hand baby items. They come together in this episode to explain what it's been like setting up a business where they live. They also discuss the good and bad moments they've had and give their tips for anyone else looking to start a business. Producer/presenter: Hannah Mullane(Image: Tina Kayoma, Maria Jose Hernadez and Lisa Nielson, with kind permission)
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Feb 7, 2023 • 19min

Getting into business: Selling on social media

Some businesses in South East Asia are growing at remarkable rates by using social media to sell. Live streaming on TikTok and live chatting on apps like Whatsapp, Line and Zalo are all being used to increase sales. We find out how. Nina Dizon-Cabrera is the CEO of make-up brand, Colourette Cosmetics in the Philippines. She explains how her business began on social media and how she can sell thousands of products in just a few hours by live streaming on TikTok. Joan Aurelia heads to Jakarta in Indonesia. The country has over 100,000 TikTok users, the second biggest market for the app after the United States. She speaks to business owners there about how social media has allowed them to transform their businesses. Simon Torring is the cofounder of Cube Asia, a market analyst. He explains how much this new way of selling is contributing to the economy and predicts where the next big trends will come. Presenter/producer: Hannah Mullane(Photo: Nina Dixon-Cabrera Credit: Colourette Cosmetics)
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Feb 6, 2023 • 18min

Getting into business: Mentoring

A mentor can take many different forms but ultimately they’re there to give you advice, put you in touch with contacts they have and support you, whether you’re setting up a new business or looking to make the next step in your career. We head to Sweden to speak to Caxton Njuki, a professional sports and health coach who is a mentor to Jessika Sillanpää. He supported her for a year as she set up her business Jessikastory. They give us an insight into their mentoring relationship and how the process allowed Jessika to work on her business full time. Abhishek Nagaraj, an expert in business mentoring at the Haas School of Business at the University of California, Berkley. He discusses the different forms of mentoring and the economic benefits if you have a really good mentor. Producer/presenter: Hannah Mullane (Image: Caxton Njuki and Jessika Sillanpää Credit: Caxton Njuki)
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Feb 3, 2023 • 18min

What is the cost of lower inflation?

With food and heating prices going up, and wages not rising at the same rate, there is pressure on central bankers across the world to tackle inflation. But is this the right approach? And can it be done without crashing the economy?Ed Butler hears from parents at a cheerleading class in Castleford in northern England, who are concerned about rising prices. They say it is the food shopping where they have noticed the price rises – with one parent shopping online to stop children asking for more items.Jason Furman, a Harvard professor and President Obama's chief economic adviser, explains how we have reached this position – largely as a result of the pandemic and resulting government responses, and the invasion of Ukraine.Former Federal Reserve economist Claudia Sahm explains how prices are rising for the core essentials - hitting poorer households disproportionately which is an issue for the whole economy.And why do we have a 2% inflation target? Mohamed El-Erian, veteran economist and president of Queen’s College, Cambridge, talks about the historical factors around this 'desirable' number.Presenter/producer: Ed Butler (Photo: Woman with shopping basket. Credit: Getty Images)

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