Economy Africa

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 National Electricity Company justified the prolonged power outages by power outages at Inga hydropower dams in recent months. Repairs are underway, but while waiting in the neighborhoods, liquor is being heated. The impact on small businesses is huge. as reported from Kinshasa, Sonia Rolley"Here it is dark, there is no…

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…

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…

They are two candidates for the head of the organization: a Korean, Yoo Myung-hee, and a Nigerian, Ngozi Okonjo-Iweala. Portrait of the latter carrying hope on the African continent. as reported from Lagos, Liza FabbianShe is the first woman to have held the positionMinister of Finance in her country she has been twice. Ngozi…

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…

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,…

The head of the South African bank VBS was sentenced to 10 years in prison. He is accused of plundering the economy of the poorest. It is one of the biggest corruption scandals in South Africa. On Wednesday, former CFO Philip Truter was the first to be convicted in the VBS case. VBS-mutual bank was nicknamed "the bank of the poor". Founded at the height of apartheid in 1982 in Venda, a former Bantustan far north in the country reserved by the white authorities for black communities, the bank housed the money for the most…

Tourist operators in Madagascar predict the slaughter of "small tourist operators", these small hoteliers, restaurateurs or tour operators who could not withstand the crisis. While waiting for better days, each resists in their own way and prepares for return, no matter how remote the tourists are. as reported from Farafangana, In 17 years of existence, the tour operator “Always Madagascar” had never had as many reservations as for 2020. Covid-19 commits to, 90% of its tours have been canceled. But several customers…