AllAfrica News: Economy, Business and Finance

Ghana: John Mahama Takes Oath As Ghana's President Amid Severe Economic Crisis

[RFI] The new Ghanaian president, John Mahama, is being sworn in this Tuesday, 7 January, in Accra, as the nation looks for solutions to its worst economic crisis in a generation.

Zimbabwe: Chinese Investments in Zim - Crossing the T's . . .

[The Herald] Recently, respected economist and political figure, Eddie Cross, wrote a polemic article on his blog titled, "What is the Chinese Motivation in Zimbabwe", that has since gained notoriety and circulated widely in public discussions.

Nigeria: Nigeria Can't Survive Without Taxation - Senator Arise

[Daily Trust] Senator Ayo Arise has expressed his support for the tax reform bill introduced by President Bola Tinubu, saying the country cannot survive without any form of taxation.

Gambia: Good Morning Mr President - 2025 Resolutions, Kudos to GRA

[The Point] Happy New Year Mr President! We pray for a prosperous year for our nation The Gambia. We ponder what lies ahead as regards our resolve for the year 2025 and what we are going to try to achieve in the course of the year.

Namibia: Significant Rainfall Boosts Dam Levels Across Namibia

[Namibian] Widespread rains over Namibia have provided an early boost to dam levels in the new year.

Kenya: Salamair to Start Sh16,788 Nairobi-Muscat Direct Flights in Feb

[Capital FM] Nairobi -- Omani low-cost airline SalamAir plans to enter the Nairobi-Muscat flight route next month with a one-way ticket costing from Sh16,788.

Uganda: Luwero Stuck With Sh740 Million Debt for Road Works After Ramathan Ggoobi Declines to Pay

[Independent (Kampala)] Luwero -- Authorities in Luwero District are grappling with a sh740 million debt related to road works after the Ministry of Finance, Planning, and Economic Development rejected their request to settle the amount.

Zimbabwe: Employee Killed At Trabablas Interchange Construction Site After Crane Collapse

[New Zimbabwe] A FATAL accident has claimed a life at the Trabablas Interchange construction site after a crane collapsed during de-erection operations.

Liberia: NPA Boss in Faceoff With Senate Pro-Temp

[New Dawn] Monrovia -- All is not well between the Managing Director of the National Port Authority (NPA) Sekou A.M. Dukuly and Senate President Pro-Tempore, Nyonblee Kangar Lawrence.

Tunisia: President Kais Saied Focuses On Environmental Protection and Waste-to-Energy in Meeting With PM

[Tunis Afrique Presse] Tunis -- Environmental protection and waste-to-energy were the focus of a meeting between President Kais Saied and Prime Minister Kamel Madouri at Carthage Palace on Monday, according to a statement from the Presidency.

Africa: GOL Signs MOU With Arthur Energy Africa to Develop Hydropower Scheme On St. John River

[New Dawn] In a significant step towards addressing Liberia's electricity deficit and advancing renewable energy, the Ministry of Mines and Energy (MME), National Investment Commission (NIC), and Ministry of Justice (MOJ) have signed a Memorandum of Understanding (MOU) with Arthur Energy Africa (AEA) to conduct comprehensive studies towards the development of the hydropower potential of the St. John River Basin.

Zimbabwe: Crypto Altcoins Outperforming Bitcoin

[The Herald] Crypto prices are rising once again, with many of the alternatives to bitcoin outperforming on Thursday as investors expand their holdings at the start of the new year.

Zimbabwe: Ray of Hope for PWD's in Binga

[The Herald] Nestled along the shores of Lake Kariba, Binga is a community rich in culture and resilience, yet profoundly affected by the harsh realities of survival.

Zimbabwe: Beta Holdings Applies for Corporate Rescue

[The Herald] Troubled construction company, BETA Holdings (BETA), has applied to the Master of the High Court to be placed under corporate rescue proceedings, citing production failures that have left it unable to service nearly US$10 million in debt.

Zimbabwe: Mukura Wants Equal Pay for Footballers

[The Herald]

Zimbabwe: SA's Ev Tax Break May Lure China

[The Herald] South Africa is poised for Chinese investment in its US$27 billion automotive industry after the president signed a tax break for the production of so-called new-energy vehicles into law.

Zimbabwe: Man On the Run for Attacking Employee

[The Herald] A herd boy in Kosvoro Village under Chief Masunda in Zvishavane in the Midlands Province is fighting for his life at Zvishavane District Hospital following a vicious attack by his employer's son who was in a drunken rage.

Liberia: Uspogul President Assures Signing of CBA With SSAI in January 2025

[Liberian Investigator] Monrovia -- The President of the Stevedores Section of the United Seamen, Ports, and General Workers Union of Liberia (USPOGUL), Mr. Adam Washington, has assured members that the long-awaited Collective Bargaining Agreement (CBA) between the union and the Shipping and Stevedoring Association of Liberia (SSAL) will be officially signed this January 2025.

Liberia: Nimba Businessman Unveils Commercial Complex, Calls for Government Support

[Liberian Investigator] Ganta -- Pharaze Dekpah, a prominent businessman in Nimba County, officially opened a colossal commercial complex in Ganta on January 4, marking a significant milestone in the city's economic landscape. The "Dekpah Commercial Complex," valued at over $1.5 million USD, houses more than 200 stores and residential units within a single structure.

Liberia: Media Reports Over Railway Monopoly Are False and Misleading

[Liberian Investigator] Monrovia -- The debate surrounding the Yekepa-Buchanan railway reflects broader issues of investment management and national development priorities.

Liberia: Lenise Home Care Marks Growth and Excellence At Year-End Dinner

[Liberian Investigator] Monrovia -- Lenise Home Care and Support Services celebrated a year of remarkable growth and achievements in the home care industry during its Year-End Appreciation Dinner held at Sinkor Palace in Monrovia. The event, attended by employees, agents, and clients, honored the company's dedication to providing professional and compassionate care services.

Nigeria: China's Belt and Road Initiative To Boost Intra-African Trade - Former Nigerian President

[Vanguard] Former President Olusegun Obasanjo has said that the proposed Belt and Road Initiative (BRI) by China offers immense opportunity for Africa to boost intra-African trade and infrastructure development.

Kenya: KPSEA Results to Be Released Today

[Capital FM] Nairobi -- Parents and learners are set to receive grade 6 results for those who sat for the Kenya Primary School Education Assessment (KPSEA) examinations.

Liberia: Electricity Tariffs Dropped By 12 Percent in Bong and Nimba Counties

[New Dawn] The Liberia Electricity Regulatory Commission (LERC) has approved a 12% reduction in electricity tariffs for the Bong and Nimba counties grid, operated by Jungle Energy Power (JEP).

Ethiopia: Premier Abiy Shares Holiday Gifts With Low Income Staff Members of PMO

[ENA] Addis Ababa -- Prime Minister Abiy Ahmed shared holiday gifts with low income staff members of the Office of the Prime Minister (PMO) and orphaned children the PMO is helping to raise.

Nigeria: Disengaged CBN Staff Sue Apex Bank Over Mass Layoff, Demand Fair Compensation

[Premium Times] Former employees allege board bypass, seek court intervention

Zimbabwe: Bulawayo Mayor Coltart Speaks On Local Stadia Amid Failure to Meet International Standards

[New Zimbabwe] BULAWAYO Mayor David Coltart says there is urgent need to rehabilitate stadia in the country's second largest city to be able to host international football matches.

Zimbabwe: Mining Sector's Vulnerable Groups Exposed to Physical, Emotional and Sexual Abuse Need Protection - NGO

[New Zimbabwe] VULNERABLE groups such as women, girls and those with disability are being abused in so many ways in mining communities they live and or work, a local Non-Governmental Organisation (NGO) has said.

Zimbabwe: Massive Infrastructural Development Set for Gweru - Council to Build 700 Housing Units and Two Primary Schools

[New Zimbabwe] THE City of Gweru has announced its 2025 plans, which will see 700 housing units undergoing construction, which is currently ongoing in Mkoba 21.

Nigeria: Hard Times - Bishop Ayah Commends Nigerians for Resilience, Maturity

[Vanguard] The Bishop of the Catholic Diocese of Uyo, Akwa Ibom State, Most Rev. John Ayah, has expressed optimism that 2025 will bring better days for Nigeria.

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