Economy

For a few weeks now, there has been a panic wind over cryptocurrencies, bitcoin has lost half of its value in a few days and this is not to the delight of millions of savers and speculators on the continent. It is estimated, for example, that 11% of South Africans and 9% of Nigerians own cryptocurrencies. What are the dangers to cryptocurrency holders, especially in Africa? In countries with high inflation in Africa, cryptocurrencies are often seen as a way to preserve the value of savings. In areas that are more stable…

May 25, as every year, was World Africa Day celebrating the founding of the Organization of African Unity (OAU), which became the African Union in 2002. This year, May 25 was also the day chosen for the launch in Dakar of the first edition of RASA, the Alternative Report on Africa. What's new with this report? In fact, number 1…

The Ivorian government is now forcing multinational companies to give up 20% of their export contracts to Ivorian operators. A measure aimed at avoiding the suffocation of Côte d'Ivoire traders who have long condemned the unfair competition of multinational companies currently in a virtual monopoly position on Côte d'Ivoire in the purchase and export of cocoa.…

It is an important production sharing agreement that Nigeria has just signed with the multinational oil companies operating in the country. An agreement that paves the way for investments that can reach 10 billion dollars. It is the culmination of two years of arm wrestling between NNPC - the Nigerian company that manages…

Emmanuel Macron was in Kigalio, where he gave a speech at the Gisozi Memorial on Thursday, acknowledging responsibility, but no French involvement in the genocide, a speech very well received by his counterpart in Rwanda. In addition to the memory issues, the two heads of state spoke about the future of their cooperation, as the rapprochement is intended to be both diplomatic and economic.…

Tunisia's Prime Minister Hichem Mechichi confirmed on Saturday, May 22, in Tripoli, his country's desire to resume economic cooperation with Libya. "This fraternal visit confirms the historical political, economic and human relations between the two countries," the Tunisian prime minister told local media on his arrival in…

In retrospect, Africa has almost returned to a time of repeated coups from the past. To the great misfortune of the people. It was in Paris this week. Africa was the guest of honor at a summit to raise awareness among partners and other donors of the need for significant funding for the revival of economies damaged by the…

A brand new personal cosmetology college, Farifima Worldwide Cosmetology College, has simply opened its doorways in Dakardébutavril to prepare youth in numerous beauty professions, on the initiative of an entrepreneur who has already launched his personal line of magnificence merchandise. A technique to educate youth who after six months obtain a certificates that the state acknowledges in beauty…

Benoît Chervalier is an funding financial institution, instructing at Sciences Po Paris and at Essec (Larger College of Financial and Business Sciences). A debt and finance specialist in Africa, he advises governments and corporations on the topic. RFI: France organizes a global summit on financing and debt points in Africa. French President Emmanuel Macron can…

This Tuesday, Could 18, a summit can be held in Paris devoted to the financing of African economies and the prickly debt situation. The Covid-19 pandemic plunged the continent into an unsurpassed recession final yr. African nations should finance their restoration, however in contrast to the good powers, they wouldn't have the identical capability. The Paris Summit should study specifically the choices…