Economy

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…

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…