Economy

The Sudanese Prime Minister renews his criticism of the military's importance in the national economy, a persistence that risks pointing out the high-ranking officers who want to retain their benefits, after entering into a historic agreement in August 2019 for a gradual transfer of power to civilians. Abdallah Hamdok is determined to end the throttling of senior military and intelligence officials over…

It is today that France ratifies the Monetary Cooperation Agreement concluded a year ago, on 21 December 2019, by Paris and the states of the West African Monetary Union. This agreement marks the conversion of the CFA franc, which will be echoed while maintaining the fixed parity with the euro. France withdraws its representatives from monetary governing bodies such as the BCEAO and no longer requires…

After the departure on Tuesday of Gabon's Economy Minister Jean-Marie Ogandaga, after several economic scandals, things accelerated. The government mixed up a bit on Wednesday. Nicole Mbou was appointed to the post. as reported from Gabon, Yves-Laurent GomaAt 54, Nicole Mbou will be the second woman to hold the post of…

Rwanda's meals supply app Vuba Vuba is driving the e-commerce dill boosted by the coronavirus pandemic. Vuba Vuba, launched a couple of yr in the past in January 2020, means "quick" in Kinyarwanda, the nationwide language, has already registered virtually 200 eating places, operates in two Rwandan cities and delivers as much as 600 meals a day. Whereas Jumia left the small Rwandan market on the finish…

Café Cacao Council launched an offensive earlier this week in opposition to two large chocolate makers, accusing them of failing to pay a particular premium supposed to higher pay cocoa-producing farmers. Hershey is claimed to have undertaken to pay this premium. That is a bonus, the First rate Revenue Distinction (DRD), which…

On the finish of November (Monday 30), Côte d'Ivoire and Ghana voted towards two US multinational chocolate corporations. Hershey and Mars are accused of avoiding paying a premium of $ 400 per tonne of cocoa bought. Known as the "Respectable Revenue Differential", this sum was negotiated final yr with the key chocolate teams. The goal is to make sure increased costs for producers. Abidjan and Accra…

Côte d'Ivoire and Ghana are decided to proceed their offensive that started on Monday, November 30, 2020 in opposition to two US chocolate multinational firms. Abidjan and Accra accuse Hershey and Mars of not eager to pay a particular premium supposed to higher pay cocoa-producing farmers. A gathering between the gamers within the sector will happen this Thursday in Yamoussoukro.…

From Madagascar, from today to 3 December 2020, the first regional business forum on the island must be held. On this occasion, the locked region of Atsimo-Andrefana, furthest south of the island, was chosen to host the very first edition. Two hundred participants are therefore expected in the city of Tulear, economic actors, project managers, representatives of ministries and local authorities but also…

Six of the 11 Heads of State attended the Central African Economic Community (ECCAS) Summit on 27 November in Libreville, Gabon. This first face-to-face meeting since the outbreak of the Covid-19 pandemic was devoted to accelerating regional integration in this region, which is very rich in raw materials but which also happens to be less integrated and least developed on the continent.…

In Madagascar, a creativity fair to support small businesses ends after the economic downturn caused by the Covid-19 pandemic. as reported from Antananarivo, Laetitia BezainFrom 25 to 28 November, Antananarivo Chamber of Commerce and Industry, in the capital, gathered mostly rural companies. Crafts, delicacies, cosmetics or…