Economy

The one with the nickname "the princess" in Angola is now facing a new legal obstacle. Isabel dos Santos, the richest woman on the African continent, is accused of corruption. It must return more than 400 million euros worth of shares to the Angolan oil company Sonangol. The fees are stacked on top of each other for Isabel dos Santos, Africa's first female billionaire. This time, the Dutch arbitration institute is questioning the validity of a transaction it carried out with the Angolan state oil company Sonangol. In…

The Ivorian National Assembly this week adopted the cooperation agreement with France for the implementation of eco, the future West African currency. But the provisions of this currency that will replace the CFA franc continue to be discussed. In particular, on its firm parity with the euro guaranteed by France. as reported…

About 100 Israeli tourists who arrived in Morocco on the first direct commercial flight between the two countries were greeted with dates, cakes and mint during a welcome ceremony. Seven months later normalization of relations between Israel and Morocco, this first flight started frequent flights. Israir operates two to three…

Moanda, 70,000 inhabitants, has been producing manganese for 60 years. And all activities revolve around the exploitation of this mineral. But while waiting for these reserves to run out, Gabon and the Compagnie minière de l'Ogooué (Comilog) are already preparing the city for the post-manganese era. From our…

After Johnson & Johnson allied itself with Aspen, it is Pfizer / BioNTech's turn to partner with a South African company to produce its anticovid vaccine. The manufacturer has signed an agreement with the Biovac Institute, a semi-state company based in Cape Town. This will be the first time a Messenger RNA vaccine has been produced in Africa. Target: 100 million doses per year by 2023. Production…

In the Democratic Republic of Congo, the Minister of Finance and the resident representative of the International Monetary Fund will be seen on Monday 19 July. The opportunity for Gabriel Leost to officially inform Nicolas Kazadi about the decision of the IMF Board to validate a jointly established program. With our special…

In Sudan, the price of daily products has risen by more than 400% in one year, according to government figures. The rate of inflation is deteriorating every month and the Sudanese are watching the series of austerity reforms introduced by the transitional authorities to get into the nails set by the International Monetary Fund (IMF).…

The Boké mining region in northwestern Guinea also makes a living from agriculture and animal husbandry. Over the past ten years, an economic player has developed the region's fertile land by producing rice over hundreds of hectares, to the great satisfaction of the local population. From our correspondent in Conakry, On the left bank of the river Rio Nunez, the vast plains of Denken, as far as the eye can see, hundreds of people work under the leadership of an agricultural director, Mamadou Bobo Denken Diallo. For…

"All indicators are red" in Tunisia. The country is overwhelmed by the Covid-19 health crisis, according to the World Health Organization. We apologize for more than one hundred daily deaths and a total of 16,000 deaths. The highest mortality rate on the entire continent and in the Arab world. Health infrastructures, notoriously underprivileged, are overwhelmed and the country is relying more than…

The Democratic Republic of Congo organizes the general states of the mines, its economy, but which is in contrast to the poverty of the population and the meager economic mobilizations of the state. Bosses from mining companies, civil society and authorities have together made an inventory of the mines since Thursday in Kinshasa.…