bank

The head of the crushing room at the Central Bank of Congo in Lubumbashia was arrested on Friday, November 20, for embezzling public funds. But according to NGO Justicia Asbl, a dozen other agents should be investigated for theft in 2019 of bags of used Congolese banknotes that are normally intended to be perforated and then crushed.…

Following the bloody attack on the Nigerian youth protest movement by the military, authorities are keeping the pressure on some identified individuals within the #EndSars movement. Twenty of them's bank accounts were frozen, following a decision by the Nigerian central bank. The #EndSars movement has always claimed to be leaderless, but the Nigerian authorities seem to have identified some of its alleged "promoters". They are under increasing pressure, almost three weeks after the army intervened the peaceful movement of…

Weighted by the economic downturn from the Covid-19 pandemic, growth in sub-Saharan Africa is expected to fall to -3.3% by 2020, dragging the region into its first economic recession in 25 years, according to the latest regional economic analysis ”, Produced by the World Bank. The pandemic also risks pushing 40 million Africans into extreme poverty and erasing at least five years of progress in the fight against poverty. It is a relaxing figure: 40 million Africans are at risk of falling into extreme poverty, about three…

A French couple were arrested in early October in the Limoges with 20,000 euros in moldy banknotes in their possession. Banknotes coming from shares plundered at Benghazi's central bank in Libya in late 2017. At that time, the city center, where the establishment is located, was taken from the Islamists by the forces of Khalifa Haftar. And witnesses accuse the son of the strong man from the eastern part of the country of having seized this liquidity flowing from Europe. By the end of 2017, the center of Benghazi was still…

In the DRC, the Central Bank explains itself after the publication for the first time on its website of the report on the audit of its accounts per. December 31, 2019. It was a requirement of the International Monetary Fund. This report is produced by the Deloitte company, but for civil society it is far from providing the expected transparency.…

This is a first, the central bank of the Democratic Republic of Congo has published the audit of its annual accounts per. December 31, 2019, performed for the first time by the auditing firm Deloitte on its website. It was a demand from the IMF that demands more transparency from the country. Not surprisingly, the general government account was in the red per. 31 December 2019. But this report reveals the existence of about thirty sub-accounts, the creditors themselves, which could have been used to compensate for this…