Behind the Money

• Is there a future for the ‘Amazon of Africa’?

  Ecommerce start-up Jumia was supposed to become the “Amazon of Africa”. Its prospects seemed promising after raising close to $800mn prior to its IPO in 2019 — more than any African start-up. But in the years since, things haven’t gone the way investors probably hoped. The FT’s west and central Africa correspondent Aanu Adeoye explains Jumia’s plans to turn the business around, and what its challenges say about applying western business models in Africa. Clip from New York Stock Exchange - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Is there a future for the ‘Amazon of Africa’?‘Amazon of Africa’ Jumia fights to rebuild investor trust Complaints that Jumia is not African ring hollow- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Aanu Adeoye on X (@aanuadeoye). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• How the diamond industry lost its sparkle

  The natural diamond industry is facing an existential threat: lab-grown diamonds. They’re chemically and physically identical to natural stones, and they're just a fraction of the price. Eleanor Olcott, the FT’s China technology correspondent, travelled to the epicentre of lab-grown diamond production in the central Chinese province of Henan to see how they’re made. While the FT’s natural resources editor, Leslie Hook, explores what the sale of leading natural diamond producer, De Beers, could mean for the future of the sector. Clip from Arnold Worldwide - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How the diamond industry lost its sparkle The sparkle is fading in Africa’s diamond heartlandTaylor Swift hands diamonds a moment to shine- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Leslie Hook on X (@lesliehook) and Eleanor Olcott on X (@EleanorOlcott). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• Chevron prepares to take on ExxonMobil

  Earlier this summer, energy supermajor Chevron secured access to one of the most valuable oilfields in the world. It was the culmination of a months-long battle that pitted America’s second-largest oil company against the largest, ExxonMobil. The FT’s US energy editor, Jamie Smyth, looks at what Chevron aims to do next, and how it plans to take on its larger rival. Clips from CNBC, Bloomberg- - - - - - - - - - - - - - - - - - - - - - - - - - Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Chevron prepares for US oil supermajor battle with Exxon Chevron seals $53bn Hess takeover after Exxon fails to torpedo dealFor further listening … Our Behind the Money episode on Guyana from 2024: Will Exxon make or break Guyana?- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Jamie Smyth on X (@JamieSmythF) and Bluesky (‪@jamiesmythft.bsky.social‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• Coming soon from Tech Tonic: Will AI ruin music?

  AI music generators - platforms that use artificial intelligence to create new, original music from scratch - can make songs that are almost indistinguishable from human creations. For some musicians, they’re the next frontier in music-making technology. But for others, they represent a grave threat, flooding the world with low-grade AI music, stealing the jobs of working musicians, and even spelling the end of the creative process as we know it. Is this just technophobia, or is music facing AI annihilation?In a new two-part series of Tech Tonic, the FT’s pop critic Ludovic Hunter-Tilney explores the emerging world of AI music, and the impact it could have on the industry.Tech Tonic is presented by Ludovic Hunter-Tilney. The producers are Lulu Smyth and Josh Gabert-Doyon. Edwin Lane is the senior producer, Flo Phillips is the executive producer. Sound design by Breen Turner and Samantha Giovinco. Original Music by Metaphor Music. Manuela Saragosa and Topher Forhecz are the FT’s acting co-heads of audio. Hosted on Acast. See acast.com/privacy for more information.

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• Unhedged: The Fed under attack

  This week we're sharing an episode from, Unhedged, another podcast from the FT network.The annual meeting of central bankers in Jackson Hole, Wyoming, is supposed to be an intellectual retreat. Instead, it was overshadowed by personal and political attacks on US Federal Reserve board member Lisa Cook. Today on the show, Katie Martin talks to US economics editor Claire Jones about her reporting from Jackson Hole and what might happen if the central bank falls under the president’s control. Also, we attempt to go long and short but are interrupted by a fire alarm. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at [email protected] a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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