Economy

Cotton production is in free fall in Mali. The former African fiber champion is expected to harvest a quarter of what he produced last year. The poor textile economy associated with Covid-19 is not the only reason. It will be one of the worst cotton crops in Mali's history. Less than 80,000 tons of fiber compared to nearly…

The Kenyan head of state is accompanied by five of his ministers for this visit dedicated to economic cooperation. He attended the conference of the Public Investment Bank, the institution responsible for promoting French companies abroad, along with his French counterpart Emmanuel Macron on Thursday morning. The two heads of state took the opportunity to discuss the economic opportunities that bind them, despite the global health crisis. And it was a rather determined Uhuru Kenyatta who appeared on the conference stage.…

It is the start of the cocoa season in Côte d'Ivoire, and it is characterized by an increase in the price paid to the producer of more than 20% compared to last year. An economic boost a few days before the presidential election in a very uncertain context for the cocoa sector. The cocoa farmers expected and hoped strongly for…

Burkina Faso has a factory plant for solar panels. A first in West Africa that confirms the call from this country that is engaged in mastering its entire solar industry. Supported by the government, Faso Energy has just launched its production. The state, which multiplies the creation of solar power plants, places orders for it to support the sector.…

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…

In Côte d'Ivoire, the BJKD Foundation (Bénédicte Janine Kacou Diagou) has just arranged the 3rd edition of its Young Entrepreneurship Award. The winners were announced during a ceremony held in Abidjan on 19 September. In the choice of projects, the BJKD award emphasizes gender parity. And the podium for the 2020 vintage was dominated by women.…

Corruption, smuggling, tax evasion ... Capital flight would represent $ 88 billion a year in lost earnings for the continent. An estimate from the United Nations Conference on Trade and Development, Unctad. According to the UN, the capital flight on the continent would represent $ 88 billion, but since this is illegal practice, it is an estimate. A rather low estimate even indicates Unctad. These $ 88 billion lost to African countries more or less represent what the continent receives each year if we add official…

Authorities ordered the disconnection of 3G during the patent tests from Monday to Wednesday. No internet between 8 and at. 12 and in the evening between kl. 15 and at 19 universal time. According to the government, the measure is aimed at combating fraud, but the measure seriously affects economic activities across the country. Ahmed, in his thirties, manages a small money transfer agency between Nouakchott and the interior regions. Since Monday, its activities have stopped: "Due to internet shutdown, I had important…

In addition to the Covid-19 pandemic, which is strongly affecting the world economy and the Ivorian economy, there is a risk of socio-political unrest associated with the October 31 presidential election. Many observers fear that the country's economy will pick up after good years of growth and development. Following the 2010-2011 election crisis, Côte d'Ivoire's GDP had lost 4 points. In late…

As South Africa tries to emerge from the economic crisis caused by the pandemic, it is questioning the fate to be reserved for public companies. Many of them have suffered significant losses this year, despite having already had financial difficulties before the crisis. Now they are asking the government to save them, but the country's coffers are already less and less full. Before Parliament, the Ministry of Finance painted a very bleak picture at the beginning of the month: the country's public companies are…