Africa’s economy

Ten years ago, the national electricity company SNEL experimented with an advance payment system for network subscribers. This system was intended to solve the problems of consumer fraud and to replenish the corporate coffers. Is the experiment crucial? From our correspondent in Lubumbashi, In the Katuba municipality of Lubumbashi, the subscribers of the national electricity company SNEL have been consuming electrical energy in advance for one year. Before this period, invoicing was monthly and fixed, ie. almost $ 20.…

In its annual report on economic reform, the Central African Economic Community points out the shortcomings in the mobilization of budget revenues in Congo-Brazzaville. From our correspondent in Brazzaville,According to its 2020 report, in the first pillar of budgetary policy, PREF-Cemac could not achieve certain objectives, in…

Post-covid revival in Senegal: the government focuses in particular on the agricultural sector, which employs about 60% of the working population. The aim is to strengthen food sovereignty, but also to promote the export of fruit and vegetables produced in Senegal. An ambition was confirmed at the first international agricultural fair in the north held near Saint-Louis (in the north of the country) at…

In Kédougou, a landlocked region 700 km from Dakar in southeastern Senegal, young people and students have demonstrated on several occasions in recent weeks. They want to integrate international mining companies that mine gold in their region. An extraction activity that places gold in first place among the exported products, with a 20% increase in exports between 2018 and 2019. Nevertheless, Kédougou…

Will digital revolutionize agriculture in Africa and help improve yields? Some people believe a lot in it, although there is still a long way to go. Morocco has started with that, with a view to extending what works against the other countries on the African continent. The future of agriculture in Morocco was at the heart of a virtual discussion organized by Impact Lab * on 5 May.…

For Hakim El Karoui, assistant researcher at the Montaigne Institute, the European Union must integrate the Maghreb countries into its recovery plan in order to avoid an economic crisis with catastrophic consequences. For researcher Hakim El Karoui, “what we do not see is that today we are intertwined with the Maghreb. And in a…

The aim of the Paris Summit on the Financing of African Economies on 18 May was to explore all possibilities for mobilizing resources, which would enable the continent to resume the growth path following the Covid-19 pandemic without falling into the debt trap. Satisfied with France, which was on the initiative of the summit.…

There are over 7,000 cryptocurrencies in the world and just a few dozen in Africa. And yet very few of them are actually used. Among the most promising projects is AFRO, a cryptocurrency launched in 2018 that addresses the Senegalese artist's Mansour Sy Kanakassy's idea. AFRO aims to be a pan-African cryptocurrency and in the service of development. Some countries have already adopted it for specific…

For a few weeks now, there has been a panic wind over cryptocurrencies, bitcoin has lost half of its value in a few days and this is not to the delight of millions of savers and speculators on the continent. It is estimated, for example, that 11% of South Africans and 9% of Nigerians own cryptocurrencies. What are the dangers to cryptocurrency holders, especially in Africa? In countries with high inflation in Africa, cryptocurrencies are often seen as a way to preserve the value of savings. In areas that are more stable…

Like the rest of the world, the South African economy has been hit hard by the coronavirus pandemic. The country most affected by Covid-19 on the continent was already struggling to renew its economic model even before the pandemic. The health crisis has therefore stopped the recovery work. A fatal blow? President Cyril Ramaphosa still hopes to rectify the situation, especially thanks to a recovery…