AllAfrica News: Economy, Business and Finance
Ministers in charge of East African Affairs have discussed the ongoing fuel crisis in the region as a way of finding a solution to the problem that has affected the region despite the general decrease of its price on the global market.
East Africa: Ministers Discuss Fuel Crisis
As Ghana's president-elect, John Evans Atta Mills, prepares to take office, he has his work cut out for him translating several years of strong macro-economic performance into tangible benefits for the majority of Ghanaians.
Ghana: New President Must Tackle Economy
Federal lawmakers in the Lower House did not pass the 2009 budget before Christmas so as to avoid conflict with Aso Rock over capital project allocations.
Nigeria: Legislators In No Hurry Over Budget
PUBLIC hospitals have been given the green light to charge for all medical services in foreign currency; a development many hope will improve service delivery.
Zimbabwe: Hospitals Can Charge in U.S. Dollars
An Abuja High Court has summoned Minister of the Federal Capital Territory, the Inspector General of Police and the Abuja Municipal Area Council (AMAC) to appear before it over allegations bordering on illegal and fraudulent collection of N500 million as road tax and gaseous emission permit taxes.
Nigeria: Minister Summoned Over Tax Fraud
THE rand started the year on an upbeat note, but opinion is divided on whether it will reap the rewards of an expected revival in global appetite for risk.
South Africa: Rand at Mercy of Global Forces
TOMORROW sees yet another drop in fuel prices, and South African motorists have the falling crude oil price to thank.
South Africa: Motorists Jump for Joy at Crude Price While Oil Companies Groan
THE price of fuel will drop tomorrow by less than what the minerals and energy department announced after the review of the existing fuel zones.
South Africa: Fuel Price Drop is Less Than Expected
FOOD producer Foodcorp has agreed to pay a R45,4m fine for its role in a bread cartel, but still faces prosecution for a possible role in a milling cartel.
South Africa: Foodcorp to Pay R45 Million Cartel Penalty
NEW low-cost airline Airtime is expected to spark a price war with rival airlines if it takes off later this month as planned.
South Africa: New Airline Expected to Start Price War on Flights
INSOLVENCIES are expected to continue soaring this year as a result of the global credit crunch, says a legal expert.
South Africa: Insolvencies Set to Soar This Year
The Competition Commission has laid criminal charges against the unknown hackers who lifted the lid on highly confidential information about the South African banking system that the four big banks wanted to keep under wraps.
South Africa: Competition Body Wants Hackers Prosecuted
CONSTRUCTION of a major dam for the $27m (sh53b) Buseruka power project in Hoima is on course, the project manager has said.
Uganda: $27 Million Hoima Power Project on Course
In spite of the world economic crisis, the Tunis stock exchange has progressed by 10,7% in 2008 , the third best performance in the world, according to the French news agency AFP.
Tunisia: Stock Exchange Boasts Third Best Growth Among World Bourses
To the vast majority of Ghanaians, the country is split into literally two halves, with one side responding to the clarion cry for change, and the other half concurring with the need for change, but only in leadership, and not necessarily of parties. The figures given out by Dr Afari Djan give an accurate reflection of how fractured the nation is, but also underscores who the real winner is.
Ghana: Why Ghanaians Need to Support the President-Elect
The 12-member transitional team of the president-elect, Professor John Evans Atta Mills, began work yesterday at the Accra International Conference Centre. However, there is no intention of retaining any minister of the outgoing government.
Ghana: Paul Victor Obeng Leads Transitional Team
It was unique celebration by the majority of residents in the Central Region immediately Prof. John Evans Atta Mills was declared president-elect of Ghana by Dr. Kwadwo Afari-Gyan, Chairman of the Electoral Commission (EC), reports David Allan Paintsil.
Ghana: NDC Supporters Celebrate in Grand Style in Regions
The Lagos State rice for job programme is not all about creating job for the teeming unemployed youths in the state but to also stabilize the price of rice through increase production of the stable food in the state.
Nigeria: Lagos Rice Project to Stabilise Price, Create Jobs
THE Vice President Goodluck Johnatan is to lead an inspection team to Bauchi to assess the football facilities in the state preparatory to the under 17 world football championship tagged Nigeria 2009.
Nigeria: VP Visits Bauchi Tomorrow
The cost of the Nigerian Integrated Power Project (NIPP) embarked upon by former president Olusegun Obasanjo is alleged to have been inflated.
Nigeria: Nipp Project Cost Was Inflated - Report
Lagosians may be in for an unhealthy start to the new year as the face-off between the doctors and the state government has taken a new turn, with the Commissioner for Health, Dr Jide Idris, asking doctors planning to embark on strike today to resign their appointments.
Nigeria: Resign, Lagos Tells Striking Doctors
The West African Gas Pipeline (WAGP) at last delivered its first gas to Ghana on December 11, 2008. The 680 - kilometre pipeline stretches from Nigeria, where the natural gas is sourced across Benin and Togo to Ghana. Benin and Togo will each take relatively small amounts of the fuel, with the bulk going to the industrial centres of Tema and Takoradi in Ghana. The initial 30 million cubic feet of gas per day is expected to help address recent power shortages in Ghana, which have forced some companies to suspend operations.
Nigeria: The West African Gas Project
Petroleum products marketers in the country will soon receive billions in government subsidies for fuel products sold last year as the Federal Government releases N139 billion to the price regulatory agency.
Nigeria: FG Pays Marketers N139 Billion Fuel Subsidy
As the House of Representatives resume plenary tomorrow, there are indications that the delay in the passage of the 2009 budget in the lower chambers may linger unless the differences between the House and the Presidency over the fate of 2008 capital votes captured in the 2008 Appropriation Act, which were not executed, and not carried forward to the 2009 budget are reconcilled.
Nigeria: Budget Deadlock May Worsen
The Katikara-Mulinga 11km access road in Nalweyo sub-county in Kibaale district has been commissioned.
Uganda: Bugangaizi MP Opens 11 Kilometre Access Road
MEAT supplier Best Cut is moving ahead with plans to grow its national footprint, despite shedding several operational companies it recently agreed to purchase.
South Africa: Best Cut Undoes Purchase Agreement, But Will Continue Expansion Plans
THE petrol shortage, which has destabilised the transport sector for about three months, has eased. However, the prices are still high.
Uganda: Fuel Shortage Eases
DELEGATIONS from the Chinese embassy in Kampala and investors from China have started inspecting the proposed free-trade area in Rakai as they prepare to invest billions of dollars in the project.
Uganda: Chinese Inspect Rakai Free-Trade Zone
Telephone subscribers rose to over seven million from 2.2 million in the last two and half years, the information and communication technology minister, Dr. Ham Mulira, has said, writes David Muwanga.
Uganda: Telephone Subscribers Reach 7 Million
JIGAWA State governor, Sule Lamido has announced that the long asset sharing dispute between Kano and Jigawa States has finally been laid to rest, describing the two states as brothers.
Nigeria: Jigawa, Kano Ends Assest Sharing Dispute