south african airways /kenyanwallstreet Business 

South African Airways exits bankruptcy after 17 months

 REUTERS—-South Africa’s struggling national airline South African Airways (SAA) on Friday exited a local form of bankruptcy protection called business rescue after roughly 17 months. SAA was placed under administration in December 2019, and its long-standing financial woes worsened during the COVID-19 pandemic. All operations were mothballed in September 2020. Its administrators said in a statement that they had filed a notice of “substantial implementation” of a business rescue plan with South Africa’s Companies and Intellectual Property Commission. That meant they had “effectively discharged the business rescue and handed over…

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Business 

Despite Pandemic, Hotel Chains Grow in Africa

Global chains snap up distressed independent properties in bid to expand footprints   JOHANNESBURG—Africa’s tourism sector has cratered in the face of the coronavirus, but the world’s biggest hotel chains remain committed to the continent. Major hotel chains, from Marriott International MAR -1.66% to Radisson Hotel Group and Paris-based Accor, AC -2.39% Europe’s largest hotel company, say their African businesses are not only holding up, they are determined to stay on track with, if not grow, their footprints. The companies see sub-Saharan Africa as underserved and underdeveloped in terms of hotels and predict that demand for both business…

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imf /dw Business 

IMF & LIBERIA: THE NEOLIBERAL AGENDA OF CAPITALISM

  By: Andrew Borbor Werlay Jaye Jr.   This paper was originally a Political Science research work. But given the fact of the Liberia-IMF scandalmongering character of the Liberian crisis under the kleptocracy of Mr. Weah, this paper deserves public consumption for both the enlightenment and redemption of the Liberian political superstructure and economic base. It remains to be seen that it covers events prior to, and events after the Weah Government signed up to the neoliberal conditionalities of the Bretton Woods Institution (IMF) under the Extended Credit Facility (ECF)…

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Liberian Economy Group (LEG) Bella Casa Hotel Sinkor, Monrovia. Cell# 0777516641/088696999 Email: reservations@bellacasaliberia.com Hon. Albert Chie President Pro-Tempore House of Senate Mr. President Pro-Tempore: Please find attached the Report of the Liberian Economy Group (LEG) on the Current Statement of the Liberian Economy. We of LEG remain confident that the Action Steps indicated in the report, when taken, can lead to the solution of Liberia’s main problem, longstanding and widespread Poverty. Respectfully Yours Liberian Economy Group (LEG) Business 

Better Money Management Not More Money Printing–Dr. Tipoteh Takes Issue With IMF

By Dr. Togbah-Na Tipoteh Having served as Chairman of the African Group of Governors of the World Bank (WB) and the International Monetary Fund (IMF), I am aware of the principal objective of these biggest global financial institutions. While the Marshall Plan focused on the rehabilitation of post World War Two Western Europe, these Bretton Woods Entities focused on providing assistance funds globally, especially for the developing countries, who constitute the majority of the membership of these Institutions, but the majority of the shareholders remains in the hands of the…

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Jacobs said that the island boasts excellent private schools, reputable banking systems, regulatory certainty, technology-driven government systems, as well as an efficient and linear tax system. “The effective tax rate of 15% for individuals are well below those applicable to South Africa and other countries. A significant difference is that Mauritian residents are only taxed to the extent of the money that they bring into the country. “These financial incentives, combined with the close proximity to South Africa, will likely see more people moving to Mauritius in the future." first published by businesstech.co.za Business 

More South Africans are looking to move to Mauritius

  Staff Report The Mauritian government has made changes to investment thresholds, the extension of work, residence, retirement permits, and attractive property acquisition options. This has led to renewed interest in the country from South Africans who are looking at Mauritius as a permanent destination, says Marisa Jacobs, director at advisory service, Xpatweb. “Skilled professionals and business owners with families in South Africa are taking note of finance minister Renganaden Padayachy’s changes and adjustments for foreigners. “It is now easier to buy property, work, as well as retire on the…

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Why are a monopoly, corruption, and undue government interference and control, and regulation always a subculture in Liberia and amongst Liberian officials at all levels?  Why do those who are frequently entrusted with state power in Liberia lack natural patriotism to their own people and country?  These questions are serious, especially so when Liberia faces a nexus of problems that manifest themselves as slow economic growth, high unemployment, social strife, and excruciating marginal poverty. Business 

Liberia wants to give exclusive cocoa shipment rights to Lebanese merchants

  “Private Sector Monopoly for Lebanese Businesses is Counter-Productive to the Pro-Poor Agenda”   By Jones Nhinson Williams Why are a monopoly, corruption, and undue government interference and control, and regulation always a subculture in Liberia and amongst Liberian officials at all levels?  Why do those who are frequently entrusted with state power in Liberia lack natural patriotism to their own people and country?  These questions are serious, especially so when Liberia faces a nexus of problems that manifest themselves as slow economic growth, high unemployment, social strife, and excruciating…

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The UN Envoy expressed commitment to working with the Liberian Government in achieving the Pro-poor Agenda for Prosperity and Development. However, he noted that UN adheres strictly to its fiduciary standards to safeguard UN funds against misuse and integrity risks. Business 

US$300 million has been remitted out of Liberia since Weah came to power

Monrovia – Former Montserrado County District #10 Julius Berrien says since the election and inauguration of the CDC government in 2018, more than US$300 million has been remitted out of Liberia through commercial banks. However, he didn’t say who made these transactions. In his statement, he said, “Take this statistic and put me on record, since this government came to power up to August of 2019, more than US$300 million has been remitted out of Liberia. Speaking via telephone on the Fabric Morning Radio Program, he claimed that every bank…

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But even with African demand for and influence of the textile, it is not lost that having a relationship with the print that is mainly skewed towards consumerism puts Africans at a disadvantage in the long run. Obinyan puts it aptly: “From the buyer’s perspective they benefit because it’s cheap, but cheapness at what cost?” Culled By Chidinma Irene Nwoye /Quarts Africa Business 

The Chinese have taken over African wax and prints

      When you think of African fashion, you often think of the variety of brightly dyed fabrics worn on the continent and in the diaspora as shirts, pants, dresses, skirts and even the occasional head wrap on that cool “woke” black girlfriend. In Africa, they are everywhere at every time—from funerals and weddings, to markets and casual Fridays at the office. The ubiquitous batik-inspired wax print or—as it’s known in some countries—”Ankara” has come to denote Africanness. It is a fabric that represents African authenticity and helps people…

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Liberian Economy Group (LEG) Bella Casa Hotel Sinkor, Monrovia. Cell# 0777516641/088696999 Email: reservations@bellacasaliberia.com Hon. Albert Chie President Pro-Tempore House of Senate Mr. President Pro-Tempore: Please find attached the Report of the Liberian Economy Group (LEG) on the Current Statement of the Liberian Economy. We of LEG remain confident that the Action Steps indicated in the report, when taken, can lead to the solution of Liberia’s main problem, longstanding and widespread Poverty. Respectfully Yours Liberian Economy Group (LEG) Business 

LEG: Solving Liberia’s Longstanding Economic Problems-Dr. Tipoteh

Mr. President Pro-Tempore, Please find attached the Report of the Liberian Economy Group (LEG) on the Current Statement of the Liberian Economy. We of LEG remain confident that the Action Steps indicated in the report, when taken, can lead to the solution of Liberia’s main problem, longstanding and widespread Poverty. Respectfully Yours Liberian Economy Group (LEG) Togba-Nah Tipoteh Chairperson ______   1.0 Introduction With the experience of the 1989-2003 Civil War in Liberia, with its dismal consequences of nearly 300,000 deaths and more persons injured, covering ten percent of the…

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Based on the declining economic condition in Liberia, this new regulation will certainly contribute to the increase in hardship and make Liberians even more vulnerable to extreme poverty. So far, there has been a popular consensus by the people for the government to reverse this new policy. Let it be known that laws ought to be made for the general good of the people in order to promote their utmost interest. If this government insists on executing this harsh regulation which is against the interest of the people, it will pay a very huge price for such insensitivity in all impending elections especially 2020 and 2023 elections. If the people realize that their survival, safety, and wellbeing are further threatened as a result of harsh policies by government which mostly affect them, they could rise and institute a wave of mass civil actions. Business News 

Socio-economic impact of canceling three days free calls

    The Editor, This is what I think as a Student of Economics. These are 10 visible dangers or risks of canceling ‘3 days free call’ and other bonanzas in my opinion. The government stands to risk a lot if this new regulatory policy of imposing an additional 5% fee on GSM Companies is not urgently reversed. Personal inward remittances from Diaspora Liberians will fall because most Liberians in the country will be unable to foot the high cost of communicating through voice calls and SMS. As a result,…

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