Economic crisis

In Madagascar, rising meals costs are changing into more and more burdensome for households. The giant island is extremely depending on imports to satisfy the wants of the inhabitants and has already been hit by inflation linked to the coronavirus pandemic. In…

After the third wave of Covid -19 and the riots last month, the country has introduced a monthly support of 350 rand - or about twenty euros - for the most disadvantaged. Although the usual social assistance paid to 18 million South Africans is not enough to cover all needs, the government is now increasingly considering making this emergency aid sustainable, in the form of a basic income - a kind of living income. project in Africa. as reported from Johannesburg, Claire Bargelès The Ministry of Social Development has…

The extension of the Covid-19 pandemic forces Senegal to use for a mortgage from the Worldwide Financial Fund. Dakar has simply acquired a preliminary settlement for an quantity of 650 million {dollars}, or about 350 billion CFA francs. A sum meant to assist the nation's economic system. With few folks affected by Covid-19…

Mauritius has been a model of economic success in Africa for decades and bears the brunt of the consequences of the coronavirus pandemic. The industrial activity is experiencing a decline of 15.2%, which translates into the island's worst economy in 40 years. This is the consequence of the containment from last year. And the reconstruction in a month should intensify this brutal economic slippage.…

In Senegal, demonstrations and riots were not only concentrated in Dakar after the affair with Ousmane Sonko, leader of the opposition party Pastef-Les patriotes, who is accused of rape and death threats. Other regions mobilized and rose up to "defend democracy". A struggle that goes beyond the person of Ousmane Sonko, as in Saint-Louis in the north of the country, a city particularly affected by youth…

In Medina, many wonder if President Macky Sall understood the scale of the problem, if he understood the message. It is lulled in Dakar after the demonstrations and riots of unprecedented scale and violence that shook the whole country. The situation remains uncertain and the determination of young people whole. To respond to…

As of March 12, the Republic of Congo is launching a 100 billion CFA franc bond issue within the CEMAC zone. The funds will be used for the infrastructure programs in the 2021 budget, and part of the money will also be used to repay the domestic debt to companies. Brazzaville has no choice but to borrow, because despite an agreement reached in 2019 with the IMF, the institution is reluctant to release…

The World Meals Program (WFP), winner of the Nobel Peace Prize, has issued a brand new enchantment to lift emergency funds to assist 4 million hungry Zimbabweans inside the subsequent six months. The financial disaster that the nation has skilled over the previous twenty years has been exacerbated by the Covid-19 epidemic, and residents are already struggling to feed themselves when the lean season…

At a time when Tunisia is experiencing a severe economic and social crisis, the trade union center and civil society wanted to mobilize to get the country out of paralysis. A demonstration was held in front of the parliament in Tunis on Friday 18 December. Divided, the Assembly fights to promote the legislative process necessary for reforms.…

However, in a deep economic crisis, Angola needs new money to revive its economic machine. The authorities have therefore decided to privatize the diamond and oil sectors, two flagships in its economy. Privatizations should take place by the end of 2021, according to Finance Minister Vera Daves Da Souza, who made it clear she…