Africa’s economy

Congo-Brazzaville will have a second refinery in the city of Pointe-Noire, thanks to a financing agreement signed with the Chinese company Beijing Fortune Dingheng. The project aims to cover national needs and to make Congo an exporter of refined products. Experts are already demanding good governance and, in particular, respect for the environment.…

It was one of many guarantees of his "financial revolution": President Nana Akufo-Addo, in energy for 4 years, wished to industrialize the Ghanaian economic system. Between 2016 and 2019, the trade famous a development of greater than 10%. However a lot stays to be finished. Report from Casa de Ropa, one in every of Ghana's few candy potato farms.…

On the finish of November (Monday 30), Côte d'Ivoire and Ghana voted towards two US multinational chocolate corporations. Hershey and Mars are accused of avoiding paying a premium of $ 400 per tonne of cocoa bought. Known as the "Respectable Revenue Differential", this sum was negotiated final yr with the key chocolate teams. The goal is to make sure increased costs for producers. Abidjan and Accra…

Congo-Brazzaville will have a second refinery in the city of Pointe Noire, thanks to a financing agreement signed with the Chinese company Beijing Fortune Dingheng. With a capacity of 2.5 million tonnes per year, the project aims to cover national needs and make Congo an exporter of refined products. But the experts call for good governance and especially respect for the environment.…

Within the Central African Republic, Bangui Metropolis Corridor has launched a census operation of its merchants and their actions to enhance tax assortment and cease unlawful assortment, giving rise to taxes that don't go to the money register. from society. Municipal brokers go door to door and at first look their technique…

For the reason that introduction of a brand new mining code within the Democratic Republic of Congo, giant corporations have paid contributions to native communities to straight assist the areas through which they function. In a report printed in Lubumbashi ten days in the past, civil society NGOs point out that between July 2018 and December 2019, communities acquired greater than $ 114 million in…

The Gulf of Guinea's oil producer is diversifying its economic system, and to take action it has determined to deal with the Central African Financial Neighborhood (CEMAC) market, which has virtually 50 million individuals. customers. Six Gabonese industrial firms have been permitted in accordance with the overall profit charge from CEMAC. Within the coming days, 70 "Made in Gabon" merchandise will…

Ensuring access to drinking water for the entire world's population remains a major challenge, especially in Africa where only one in four people can get drinking water and benefit from basic sanitation. Like other companies specializing in the water and sanitation sector, the French group Véolia, which operates in about ten African countries, is trying to meet the challenge of making drinking water…

At the initiative of the Congolese Ministry of Forestry, Brazzaville will host the fourth edition of the plant fair until the end of November. This fair is still called the meeting place for green hands and is an exhibition for gardeners who sell fruit trees, medicinal plants and forest species, to the delight of the planters. The results from previous editions are very flattering.…

Within the Democratic Republic of Congo, the authorities try to diversify a nonetheless fragile financial system, which is principally because of the mining sector. To do that, they determined to create six particular financial zones. On November 4, Congolese Prime Minister Sylvestre Ilunga Ilunkamba launched the nation's first pilot "particular financial zone" within the suburbs of the capital…