Economy

In the daily Le Potentiel, in the headline, "Election 2023: CENCO Reveals Its Roadmap". According to this newspaper, "the National Bishops' Conference in Congo intends to maintain pressure on the government to hold parliamentary elections in 2023." This structure of the Catholic Church insists that it "does not tolerate any slippage", we can still read. "The CENCO roadmap includes a range of activities, Le Potentiel…

At least 2,000 railway workers from the Congo National Railway Company, SNCC, must retire. They have been qualified for some for 7 years but remain active in the company. They therefore receive their salary due to lack of financial resources to pay their final bill. In early March, however, the SNCC managed to retire 250 workers thanks to support from the Congolese government. The situation for SNCC…

The Congolese government has just faced debts from economic operators who have pre-financed the state's works. Although the requirements were revised, they were only partially settled. Operators believe it will be difficult to revive the national economy with the small domestic commercial debt paid to them. They call for arbitration by the head of state for a final solution to their problem.…

The Gemfields group has announced the reopening of the Kagem emerald mine, one of the largest in the world. Closed for a year due to a pandemic, activity resumes at a time when the price of small green stones is starting to rise. Emerald from the Kagem mine is expected to return to the trading market this week. They will…

In the Central African Republic, the closure of the capital's main supply corridor has significant consequences for households. The prices of imported products have risen a lot and some traders sometimes take advantage of this to make even more margins. A price variation closely followed by the Central African Institute for Statistics and Economic and Social Studies - ICASEES - supported by the World…

After being close to death due to lack of electricity, Sandrine Mubenga decided to become an energy specialist. Since last year, she has headed the Electricity Regulatory Authority of the Democratic Republic of Congo. Professor of Electrical Engineering at the University of Toledo in the state of Ohio, Sandrine Mubenga today shares her life between the United States and his native Congo-Kinshasa.…

As of March 12, the Republic of Congo is launching a 100 billion CFA franc bond issue within the CEMAC zone. The funds will be used for the infrastructure programs in the 2021 budget, and part of the money will also be used to repay the domestic debt to companies. Brazzaville has no choice but to borrow, because despite an agreement reached in 2019 with the IMF, the institution is reluctant to release…

The tourism sector does not really benefit from these annual festivities. Travel restrictions, restaurants and bars closed in several countries, ski lifts also quiet in France. Not enough to compensate for a year to be crossed by the calendar of professional tourists. LeCovid-19 caused a descent into hell. From January to October 2020, global tourism suffered a loss ten times greater than during the financial crisis in 2009. This is the finding of the World Tourism Organization (UNWTO). During the same period, it recorded…

Look back on a year of entrepreneurship in Africa with this nugget worth being listed in this year’s startup, according to Africa Economy. It's called KKiaPay, and it's a Beninese FinTech that has established itself as a key player in integrated payment with mobile money. "We are fortunate to be one of the fastest growing…

In Mali, Transitional Minister Moctar Ouane will travel to Bandiagara this Saturday. He is to be accompanied by four ministers on this important journey to the center of the country. Bandiagara is the first city in the Dogon country, the Mopti region, an area where the presence of jihadist groups is more and more marked. Demonstrations also took place in Bandiagara earlier this week to protest…