Economy

On April 24, 2024, Mohamud Beenebeene, the Minister of Planning, Investment, and Economic Development, heralded a significant gathering. | Photo: X/ @MoPIED_SomaliaThe assembly beckoned a diverse crowd: international and domestic magnates, dealmakers, savants, hustlers, and expatriate allies of Somalia, all united to weave networks and chase opportunities for investment and the economic resurrection of their homeland.In Mogadishu, Somalia's pulsing heart, a two-day investment summit commenced on Wednesday, summoning global…

In the face of recent economic turmoil and uncertainties, Somalia has a compelling opportunity to explore the potential benefits of integrating Bitcoin into its national financial strategy. This innovative digital currency could not only serve as a safeguard during turbulent economic times but also act as a catalyst for strengthening Somalia's resilience against future shocks. Somalia, along with many other developing nations, faces a multitude of challenges that can significantly disrupt its economic stability. These…

How can African companies be helped in the context of an international crisis? How to promote investment and trade on the continent despite the disorganization of the value chains on the continent? These are some of the assignments for International Finance Corporation (IFC), the leading development institution focused on the private sector in emerging markets. Its CEO, Makhtar Diop, gave an interview to RFI to describe his actions and his…

Several African video game studios have joined forces in PAGG, Pan Africa Gaming Group, to develop and harmonize the continent's sector. And one of the problems to be solved for these studios is games to generate money, knowing that the US online stores, Apple…

The Russian offensive in Ukraine, which began on February 24, has already displaced more than three million people. And its impact on food security is worrying, as Russia and Ukraine account for a third of the world's grain exports. And a significant portion…

In Africa, a dozen online game studios have simply merged to type PAGG, the Panafrican Gaming Group. This coalition goals to develop the sector and, above all, to harmonize practices on a continent with one billion individuals and 54 nations. But the long run…

In Guinea, a few weeks before Ramadan, in a country that is more than 85% Muslim, women challenged the head of state, Colonel Mamadi Doumbouya, about the high cost of living and suffering in the household basket, on March 8. The head of state immediately urged…

In Kenya, the territory consists of two thirds of dry or semi-arid land. A tree marks these types of landscapes: the acacia in Senegal, a shrub that resists well because it needs some water. A blessing because its dried sap is a gold mine. Sudan is the…

The crisis in Ukraine raises concerns about the consequences on the African continent. Some states take the lead. This is the case with Algeria, which in the Council of Ministers on Sunday decided to ban the export of certain consumer products whose raw…

After two years marked by the Covid-19 pandemic and several restrictions, the hotel industry puts its hope in 2022. Travel, even limited, will resume and tourists will return to the continent. Hotel owners talk about their perspectives and strategies.…