English

Economics at allafrica.com

Today News

08

Mauritania: Mauritania - the African Development Bank Grants $17 Million to Strengthen Resilience of Female Market Gardeners, Add Value to Agricultural Production and Increase Incomes of Rural Women

allafrica.com

The African Development Bank (ADB) Group Board of Directors has approved a grant of $17 million to the Islamic Republic of Mauritania to implement the Project for Promotion of Gender-Sensitive Agricultural Value Chains and Women's…

Namibia: Swapo to Use TikTok in Campaign to Charm Gen Z

allafrica.com

Swapo presidential candidate Netumbo Nandi-Ndaitwah says the party will use social media platforms such as TikTok, Facebook, Twitter (X) and YouTube, as part of its campaign to reach voters and move with the times.

07

Kenya: The IMF Is Failing Countries Like Kenya - Why, and What Can Be Done About It

allafrica.com

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a…

Tuesday, Jul 2

00

Nigeria: Nigerian Govt Overhauls Withholding Tax, Grants Exemptions to Farmers, SMEs

allafrica.com

Withholding Tax (WHT) serves as a prepayment of Income Tax, deducted at rates between 5 per cent and 10 per cent depending on the transaction

19

Seychelles: 20th Anniversary - Sib Holds Forum On Future of Investment in Seychelles

allafrica.com

The Seychelles Investment Board (SIB) hosted two panel discussions on the future of investments and sustainable investments in the country on Monday as part of activities to mark its 20th anniversary.

13

Kenya: Kenya Power Adds Two Electric Vehicles to Its Fleet

allafrica.com

Nairobi -- Simba Corporation, an automotive company, has delivered the first all-electric Mahindra XUV400 Sports Utility Vehicle to Kenya Power.

07

Rwanda: How Rwanda Plans to Raise Trillions in Taxes in 2024/25

allafrica.com

The government, on June 29, promulgated a 2024/2025 state finance law under which Rwanda plans to spend a national budget of more than Rwf5.69 trillion for the fiscal year that commenced on July 1.

South Africa: What the New Cabinet Could Mean for SA's Energy and Environment Future

allafrica.com

The government of national unity has brought about a new Cabinet and significant changes with it. What could some of these shifts hold for SA's energy and environmental policies?

Monday, Jul 1

14

Kenya: Petition Against DP Gachagua Over Noordin Haji Remarks Certified Urgent

allafrica.com

Nairobi -- The high court has certified as urgent a petition filed against Deputy President Rigathi Gachagua by the Director of National Intelligence Service Noordin Haji.

13

Ghana: The Republic Day of Price Hikes

allafrica.com

Several price hikes greet Republic Day Commemoration amidst economic hardship. Starting today, consumers will face higher fuel costs, with petrol prices expected to rise by 2.17% from GH¢14.17 to GH¢15.20 per litre.

12

Liberia: SRC Shuts Down Indefinitely

allafrica.com

Margibi -- The Management of Salala Rubber Corporation or SRC, in Weala, Margibi County, has shut down indefinitely following last Thursday's violence by aggrieved workers, predominantly tappers that led to looting and burning down of the…

Ghana: Govt Borrows Hundreds of Millions of Dollars in June

allafrica.com

Government borrowed nearly GH¢ 16.7 billion (GH¢16.689 billion) through treasury bills in June, marking a 13% decrease compared to May, primarily due to June having only four auction days.

10

Nigeria: Minimum Wage Delay - Labour Urged to Declare Nationwide Strike

allafrica.com

The Campaign for Democratic and Workers' Rights, CDWR, has called on Ogranised Labour to immediately mobilise and declare a nationwide strike over the minimum wage and the recent hike in electricity tariff.

Liberia: Supreme Court Hears Cllr. Scott Case

allafrica.com

Liberia's Supreme Court has scheduled to hear the appeal against the conviction of former Chief Justice Gloria Musu Scott and three of her family members this Tuesday, July 16, 2024.

08

Nigeria: How Govt's 2,350 Housing Units Are Bridging Deficit in Yobe

allafrica.com

In a bid to bridge the housing deficit and provide quality and affordable housing to civil servants and assist the vulnerable population, the Yobe State government in collaboration with Family Homes Funds Ltd recently delivered 2,350…

Nigeria: Minimum Wage - Lawyers Back NLC, Say FEC Can't Negotiate for Workers

allafrica.com

Lawyers have agreed with organised labour that the Federal Executive Council (FEC) cannot decide on the salaries for Nigerian workers.

Nigeria: SERAP Gives CBN 7 Days to Account for Alleged Missing N100bn Dirty Notes, Other Public Funds

allafrica.com

Abuja -- The Socio-Economic Rights and Accountability Project (SERAP) yesterday urged the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, to account for the N100 billion dirty and bad notes and other large sums of cash…

Nigeria: NPA Scores 100% in Presidential Ease-of-Doing Business Ratings

allafrica.com

The Nigerian Ports Authority "NPA), over the weekend, emerged with a performance score of 100 per cent in the just concluded Cohort #3 of the Presidential Enabling Business Environment Council (PEBEC).

Nigeria: 76% of Companies Improved On Cyber Defenses - Report

allafrica.com

Sophos, a global leader of innovative security solutions for defeating cyberattacks, has released its findings from its recent survey, titled: "Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders."

Saturday, Jun 29

13

Ghana: Govt Has Duty to Regulate Cement Prices - Trade and Industry Minister

allafrica.com

Trade and Industry Minister, K T Hammond, has underscored the need for the government to intervene to protect the consumer from what he described as the "haphazard" increment in cement prices by manufacturers.

Ghana: Don't Abandon Introducing Cement Pricing Li!

allafrica.com

One cannot but describe as good the attempt by the Trade and Industry Minister, KT Hammond, to make the government introduce a legislation to control the pricing of cement to protect consumers from "haphazard" increment in prices by…

11

Namibia: Procurement Board Admits Errors in Kanyama Condom Tender

allafrica.com

Central Procurement Board of Namibia (CPBN) chairperson Amon Ngavetene has admitted that the board has failed to confirm whether local businessman Shapwa Kanyama owns an operational condom or surgical glove factory before awarding him a…

05

Liberia: House Summons Finance Minister Under Contempt Charge

allafrica.com

Capitol Hill -- Liberia's Finance Minister Boima Kamara's attempt to appease the House of Representatives has only exacerbated his troubles. On Thursday, the House voted unanimously to hold Minister Kamara in contempt for his "persistent"…

03

Liberia: Liberia's Supreme Court Ready to Hear Appeal in Former Chief Justice Scott, Relatives' Murder Case

allafrica.com

Monrovia -- The Supreme Court of Liberia has announced its readiness to commence hearing an appeal filed before it by former Chief Justice Gloria Musu Scott and members of her household who were sentenced to life imprisonment for the…

Friday, Jun 28

17

Kenya: President Ruto Signs Appropriations Bill Subject to Adjusted Supplementary Budget

allafrica.com

Nairobi -- President WIlliam Ruto has signed the Appropriations Bill in to law.

14

Kenya: How to Register for Social Health Insurance Fund After Monday Roll-Out

allafrica.com

Nairobi -- The Ministry of Health has announced that the countrywide registration of the Social Health Insurance(SHI) Fund will kick off on July 1.

09

Africa: A Tax On the Super-Rich to Fight Hunger Gains Ground

allafrica.com

Caracas -- A global agreement could levy a small tax on the world's 3,000 richest people, with fortunes in excess of US$ 1 billion, and use the money to fight world hunger, a study by the Brazilian government and the European Union's Tax…

Nigeria: Presidential Jet - Nigerian Govt to Buy Foreclosed Aircraft From German Bank

allafrica.com

The identified aircraft is said to be a repossessed one recovered from a troubled oil sheikh who used the aeroplane as collateral for a loan he obtained from an unidentified German bank to buy it.

Thursday, Jun 27

16

Mozambique: UK & US Subsidies Take Electric Car Battery Jobs Away From Mozambique

allafrica.com

Workers in Vidalia, Louisiana, USA began producing anodes for lithium batteries for electric cars in February, using graphite from Balama, Cabo Delgado, mined by Australian company Syrah. In the same month, Syrah agreed a deal to produce…

07

Nigeria: Netizens Condemn IOCs, Saboteurs, Urges Govt to Protect Dangote Refinery

allafrica.com

In the wake of the revelation by the Dangote Group on its frustration in accessing crude oil, Nigerians on social media have called out International Oil Companies (IOCs) on sabotaging the process.