Economy

Within the Democratic Republic of Congo, the authorities try to diversify a nonetheless fragile financial system, which is principally because of the mining sector. To do that, they determined to create six particular financial zones. On November 4, Congolese Prime Minister Sylvestre Ilunga Ilunkamba launched the nation's first pilot "particular financial zone" within the suburbs of the capital…

The French-Ivorian banker Tidjane Thiam was recruited by Rwanda to develop the attractiveness of its monetary sector. The previous head of Credit score Suisse has been appointed Chairman of the Board of Rwanda Finance Restricted, a state-owned firm whose mission is to make Kigali a world monetary heart. as reported from Kigali,…

In Madagascar, lychee exporters have been living the most important eight days of the season since November 13, the opening date for the fruit harvest. The only real unknown: will Western buyers put litchi on the holiday table? Trucks, vans, wagons: a real broom of lychee is currently underway in Tamatave, eastern Madagascar. In less than ten days, 15,000 to 20,000 tons of the little pink fruit will pass through the only two roads in the city that converge towards the port. There, the cranes are busy filling the ship's…

Closed in mid-March as a result of pandemic, the border publish between Tunisia and Libya as soon as once more allowed autos and pedestrians to go on Saturday. Flights between the 2 international locations will resume this Sunday. This opening is a breath of contemporary air for Tunisia, which has been hit arduous by a severe financial disaster.…

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.…