Economy

The G20 finance ministers have adopted a new framework that will make it possible to reduce, or even eliminate, some of the debt of the poorest countries in the world. One week before the next G20 summit, finance ministers have decided to go beyond the current moratorium on the debts of poor countries, a moratorium extended to June 2021, but not enough, while some countries in the south are already…

The international subsidiary of the Pan-African banking group, Ecobank, officially launched Rapidtransfer International on Wednesday, November 12. It is a digital payment service between Europe and Africa. The banking group has thus shaken up a landscape that was previously dominated by two American companies. These transfers are very important today in African economies.…

If African artists are among the big losers in the current economic crisis, those living and working in France are no better. Many remain of the aid mechanisms for artists established by the state. This is according to a study commissioned by Moca, the Forum of African and Diaspora Cultures in France. The impact of the…

In Zimbabwe, the coronavirus disaster has additional depressed an economic system that had already been on its knees for many years. Harare is now investing in gold to begin popping out of the disaster. However even when the yellow steel has gained worth because the pandemic started, it alone will not be sufficient to set off an upward curve in development over time.…

Africa will have to wait a little longer before it knows whether Nigerian Ngozi Okonjo-Iweala will be the next director general of the World Trade Organization (WTO). The organization responsible for managing trade relations around the world has actually postponed the meeting on Monday, November 9, where members had to choose between the Nigerian candidate and the South Korean Yoo Myung-hee. The position of the United States in contrast to Ngozi Okonjo-Iweala complicates everything. The WTO is an institution in crisis,…

In the Democratic Republic of Congo, the government is trying to diversify the fragile economy, which mainly depends on the mining sector. To do this, the Congolese Prime Minister, Sylvestre Ilunga Ilunkamba, on Wednesday launched the country's first pilot "special economic zone" in the suburbs of the capital Kinshasa.…

In October, the DRC government signed a $ 25 billion memorandum of understanding with German investors for the modernization of 10,000 kilometers of Congolese railways. The project has a duration of 30 years. In the southern and eastern part of the DRC, the Société nationale de chemin de fer du Congo, SNCC, has more than 3,600 kilometers of railway line and about 20 operational locomotives. This…

Tunisia is undergoing an unprecedented crisis exacerbated by the health crisis. On Tuesday, the head of government drew up an overview of the economic and social situation. Accounts in red, unemployment at the highest level and an emigration of young people to Europe, all elements that Hichem Mechichi intends to rectify. as…

An internal investigation by the Congolese central bank revealed more than a year ago embezzlement at its branch in Lubumbashi. Billions of Congolese francs would have been diverted there as they had to be destroyed or re-injected into the banking system. RFI was able to hear this file so far remained confidential. "I have nothing to do with these stories."…

Announced at the end of last year that Eco, which is to replace the CFA franc from 2020, will eventually have to wait. Apart from the requirement that certain civil society organizations and certain economists demand the disappearance of the CFA franc, current users of this currency rarely speak on a daily basis. "Does our…