African Economy

It is the lifeline of millions of Africans. Diaspora money weighs much more than development aid from rich countries. But this year, the amounts are declining due to the economic crisis following the Covid-19 pandemic. According to the UN, it will decrease by 21%. Sending money to one's family is the main goal of immigrants.…

The Covid-19 pandemic and its economic consequences risk driving 40 million Africans into extreme poverty, according to the World Bank. From the beginning of the pandemic, governments implemented social protection measures under the leadership of the IMF and the World Bank. It was almost a global reflex. When the Covid-19…

After failing to fulfill $ 42.5 million attributable to its Western collectors in October, Zambia acknowledges that it has critical money flows, however says it's not in chapter. Lusaka explains that they intentionally selected to not substitute any donor. "All collectors needs to be handled pretty," mentioned Zambia's central…

EUR 3.4 billion to add to the 600 million already acquired, this is the amount that the economic and monetary community of Central African countries came to Paris to seek from potential public and private creditors, during a round table two days. Cemac received 3.8 billion. The least developed sub-region on the African…

The G20 finance ministers have adopted a new framework that will make it possible to reduce, or even eliminate, some of the debt of the poorest countries in the world. One week before the next G20 summit, finance ministers have decided to go beyond the current moratorium on the debts of poor countries, a moratorium extended to June 2021, but not enough, while some countries in the south are already…