Africa’s economy

If African artists are among the big losers in the current economic crisis, those living and working in France are no better. Many remain of the aid mechanisms for artists established by the state. This is according to a study commissioned by Moca, the Forum of African and Diaspora Cultures in France. The impact of the…

In October, the DRC government signed a $ 25 billion memorandum of understanding with German investors for the modernization of 10,000 kilometers of Congolese railways. The project has a duration of 30 years. In the southern and eastern part of the DRC, the Société nationale de chemin de fer du Congo, SNCC, has more than 3,600 kilometers of railway line and about 20 operational locomotives. This…

Announced at the end of last year that Eco, which is to replace the CFA franc from 2020, will eventually have to wait. Apart from the requirement that certain civil society organizations and certain economists demand the disappearance of the CFA franc, current users of this currency rarely speak on a daily basis. "Does our…

Rwandan financial progress put in difficulties by coronavirus disaster. The service sector, on which the nation has supported its growth, may be very a lot affected. For a number of years, Kigali has been striving to turn out to be a regional convention identify. However the round 70 occasions deliberate in Kigali this yr have been postponed, representing a deficit of 80 million euros for the nation’s…

In Burkina Faso, gold has grow to be crucial export product since 2008. From 10 mines in operation in 2010, the nation has grown to 17 mines 10 years later (as of 30 June 2020). By way of export earnings, they went from 974 billion CFA francs in 2016 to 1.420 billion in 2019. Burkina predicts a manufacturing of 53 tonnes for…

The world's main cocoa producer, Côte d'Ivoire and its neighbor Ghana and the world's second largest producer, promised final yr to lift the worth paid to growers by establishing, after session with the multinational chocolate corporations, a "Differential of First rate Earnings" of 400 In consequence, on 1 October, Côte d'Ivoire formally set the worth paid for crops at 1,000 CFA francs per kilogram of…

Lower than 15 days earlier than the primary spherical of the Ivory Coast presidential election, this week RFI is providing you a sequence of 5 studies from Africa and the economic system. First half on Monday: The best way to make Ivorian cashew extra aggressive and, particularly, to overcome the British and European markets? That was the topic of a debate that befell on Friday 16 October in Abidjan.…

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…

The continuation of our series dedicated to transformations of the Guinean economy, the country Alpha Condé is very late on the Internet, but this delay can be compensated with the arrival of optical fiber. China has funded the construction of a public fiber optic network, known under the "backbone" of Anglicism. It is now entering the marketing phase. The traffic on the two buried loops over 4400 km,…

Continuation of our series devoted to the Guinean economy during the October 18 presidential election. In Guinea, the "eTax" platform has just been launched to dematerialize the payment of taxes and facilitate taxpayer procedures. Main objectives: combating corruption, but also expanding and securing the tax base. Conakry is thus following in the footsteps of many countries on the continent, which have…