Economy

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…

Ivory Coast will vote on Saturday to elect a new president or renew Alassane Ouattara in power for ten years. Its economic record is quite good, but not for all Ivorians. On the plus side, the Ivorian economy is undergoing a rebirth. With an average growth of 7% to 8% since 2011 - and without taking into account the current…

Rwandan financial progress put in difficulties by coronavirus disaster. The service sector, on which the nation has supported its growth, may be very a lot affected. For a number of years, Kigali has been striving to turn out to be a regional convention identify. However the round 70 occasions deliberate in Kigali this yr have been postponed, representing a deficit of 80 million euros for the nation’s…

Ivory Coast President Alassane Ouattara, who's operating for re-election on October 31, has been a part of Ivorian politics for thirty years. This marketing campaign, he guarantees, shall be his final. When Ouattara proclaimed that he wouldn't stand for a 3rd time period again in March, he was praised by pal and foe, each in Ivory Coast and overseas. However after the dying of his elected successor, Prime Minister Amadou Gon Coulibaly, the 78-year-old as soon as once more took the marketing campaign path. Who're the…

The European Union has chosen its candidate to lead the World Trade Organization (WTO), the Nigerian Ngozi Okonjo-Iweala. The EU Ambassador to Geneva will officially announce this Tuesday, October 27th. Former Minister of Foreign Affairs and Finance of Nigeria, formerly number two at the World Bank and perhaps soon the…

In Côte d'Ivoire, for a month now, cocoa exporters have stopped buying futures contracts for the next production season. They are asking for a discount on taxes and especially on the quality premium called the "country differential". Information revealed by Bloomberg Agency. It is an arm that is invisible to the public, but…

In Burkina Faso, gold has grow to be crucial export product since 2008. From 10 mines in operation in 2010, the nation has grown to 17 mines 10 years later (as of 30 June 2020). By way of export earnings, they went from 974 billion CFA francs in 2016 to 1.420 billion in 2019. Burkina predicts a manufacturing of 53 tonnes for…

Since April, Gabon has been in a state of health. The Central African country is facing a major economic hit as a result of Covid-19 lockdown measures and falling oil prices. The arenas of this unprecedented crisis could remain at Port-Gentil, its oil capital, for a while. Businesses, shops, transportation, tourism and other sectors in the country's economic center are all struggling. Port Gentil has…

The normalization of the connection between Sudan and Israel is slowly progressing and dividing Sudanese society. On Sunday, Khartoum introduced forthcoming talks between Sudanese and Israelis with a view to reaching a broad settlement laying the foundations for his or her future cooperation. However Sudan, whose financial system is failing, wants assist in return.…

Following a resurgence of coronavirus instances in vacationer areas, Madagascar is closing its borders to passengers from 16 nations, together with 9 Europeans. Whereas the reopening of the borders of the authorities in Nosy Be by the authorities since October 1 had given hope to this island, which primarily lives off tourism, this resolution seems like a cease for operators within the archipelago…