Economic crisis

Closed in mid-March as a result of pandemic, the border publish between Tunisia and Libya as soon as once more allowed autos and pedestrians to go on Saturday. Flights between the 2 international locations will resume this Sunday. This opening is a breath of contemporary air for Tunisia, which has been hit arduous by a severe financial disaster.…

On this small working class city, financial and social life revolves round oil actions. The Covid-19 pandemic, which has brought on a staggering drop within the worth of a barrel of oil, has closed a number of oil analysis corporations. Tons of of jobs misplaced. Unemployment is in full swing and distress has received the inhabitants. Report within the streets of Port-Gentil. .

Tunisia is undergoing an unprecedented crisis exacerbated by the health crisis. On Tuesday, the head of government drew up an overview of the economic and social situation. Accounts in red, unemployment at the highest level and an emigration of young people to Europe, all elements that Hichem Mechichi intends to rectify. as…

Since April, Gabon has been in a state of health. The Central African country is facing a major economic hit as a result of Covid-19 lockdown measures and falling oil prices. The arenas of this unprecedented crisis could remain at Port-Gentil, its oil capital, for a while. Businesses, shops, transportation, tourism and other sectors in the country's economic center are all struggling. Port Gentil has…

The specter of excessive debt reappears for sub-Saharan Africa after the coronavirus pandemic. The International Monetary Fund has just sounded the alarm, urging donor countries to be "bold" about the debt wall that awaits Africa. Sub-Saharan Africa needs the next 3 years to revive their economies is huge. According to the IMF, it would require $ 890 billion in external funding for the countries of the region. This amount represents more than half of their total GDP. It will therefore return to massive borrowing to…

Nigeria is formally in recession for the primary time in additional than a decade, ending three years of low however optimistic progress. The African nation's financial system is closely depending on oil exports, however the coronavirus pandemic has lower international demand and the value of oil has fallen. That is unhealthy information for a rustic whose price range plans had been depending on getting a sure value per capita. Barrel, a value that now means Nigeria is promoting crude oil at a loss. Our correspondent…

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…

How to revive Senegal's economy? The issue was at the heart of a presidential council on Tuesday, September 29th. Representatives of the government, the private sector and partners from the country gathered around Macky Sall. The authorities presented a € 22.4 billion plan and defined priority sectors. "After the defense, we must go on the attack" to regain growth according to the sports formula used by the head of state. And to this the authorities have adjusted their strategy with new priorities: "Firstly: Accelerate…

South Africa has released its second quarter unemployment figures for the year. More than two million jobs have been lost while the country was under very strict containment. The official unemployment rate has dropped to 23%, but the figure from the National Statistics Agency is misleading because it does not take into account people who have given up on job search, the broader definition of…