African

In South Africa, the Covid-19 disaster has hit the aviation sector exhausting because the nation closed its borders for six months. The pandemic has ended the state-owned SAA, South African Airways, which was already in deep trouble after a few years of corruption. Since December, the airline has been in restoration and it has now suspended its operations. For the reason that presentation of the rescue…

If the global economy recovers, the rise to pre-crisis activity levels is likely to be long, erratic and uncertain, the International Monetary Fund said in its economic forecast released at its autumn meetings. . Return to activity will be particularly difficult for certain new and developing countries, where infections are growing rapidly. But also for the African countries that relied on their oil exports or tourism to come back. Sub-Saharan Africa could experience its first recession in 25 years. After 3.2% growth…

The United Nations Economic Commission for Africa is concerned about the decline in remittances from African diasporas. With the global economic crisis, these diasporas are sending less money to the countries of origin. This year, the decline is expected to reach 21% or 18 billion. Dollars less compared to 2019. The forecasts are alarming. Transfers will go from $ 85 billion in 2019 to $ 67 billion this year. And for many families living in anticipation of the manna sent by parents who have gone “north,” this is a…

In Johannesburg, artist Reggie Khumaloa unveiled an exhibition inspired by her journey with the World Food Program (WFP) in Mozambique. The 33-year-old South African, who became prominent with his motorcycle trips across the continent, earlier this year followed the UN body, which has just been awarded the Nobel Peace Prize. He was able to meet victims of food insecurity, caused largely by climate…

The head of the South African bank VBS was sentenced to 10 years in prison. He is accused of plundering the economy of the poorest. It is one of the biggest corruption scandals in South Africa. On Wednesday, former CFO Philip Truter was the first to be convicted in the VBS case. VBS-mutual bank was nicknamed "the bank of the poor". Founded at the height of apartheid in 1982 in Venda, a former Bantustan far north in the country reserved by the white authorities for black communities, the bank housed the money for the most…

West Africa's regional bloc ECOWAS lifted sanctions on Mali on Tuesday after the prime minister introduced the remainder of the transitional authorities positions nearly two months after a navy coup. In a communication, the regional heads of state cited "significant progress" in the direction of a return to democracy in Mali and…

The IMF is still at the bedside of the poorest in this time of global crisis. The fund on Monday approved new emergency aid for 28 countries, 22 of which are in Africa. The money received will allow them to either alleviate their debt or help fund the fight against the effects of the pandemic, the IMF says. Last April, The IMF relieved the debt in 25 countries among the poorest by activating an emergency mechanism, the Trust Fund for Assistance and Response to Natural Disasters. A fast and efficient tool, a giant purse of…

Zambia has failed to secure a moratorium on its Eurobond debt from its private creditors. Zambia is one of the many countries that have become indebted to Eurobonds in recent years. As the IMF worries about an alarming rise in debt in Africa, several African countries could quickly default on their payments. The event did not…

In front of the members of his party, the United Hearts Movement, Central African President Faustin-Archange Touadéraa announced on Saturday his candidacy for the presidential election scheduled for December 27 in the Central African Republic. "It is a heavy responsibility. A very heavy responsibility. I agree to be your candidate, ”the head of state declared. Évariste Ngamana, chief rapporteur and spokesman for the MCU, which held its first congress there, answers RFI's questions. .

Corruption, smuggling, tax evasion ... Capital flight would represent $ 88 billion a year in lost earnings for the continent. An estimate from the United Nations Conference on Trade and Development, Unctad. According to the UN, the capital flight on the continent would represent $ 88 billion, but since this is illegal practice, it is an estimate. A rather low estimate even indicates Unctad. These $ 88 billion lost to African countries more or less represent what the continent receives each year if we add official…