Economy

There are over 7,000 cryptocurrencies in the world and just a few dozen in Africa. And yet very few of them are actually used. Among the most promising projects is AFRO, a cryptocurrency launched in 2018 that addresses the Senegalese artist's Mansour Sy Kanakassy's idea. AFRO aims to be a pan-African cryptocurrency and in the service of development. Some countries have already adopted it for specific…

After almost 15 months without flights between France and Algeria, Air Algérie will reopen its flight connection between Paris and Algiers on Tuesday 1 June. Currently, Algerians in France have to make do with two flights a week, Tuesdays and Thursdays. A partial reopening that frustrates members of the community, sometimes deprived of seeing their families for over a year and a half.…

For a few weeks now, there has been a panic wind over cryptocurrencies, bitcoin has lost half of its value in a few days and this is not to the delight of millions of savers and speculators on the continent. It is estimated, for example, that 11% of South Africans and 9% of Nigerians own cryptocurrencies. What are the dangers to cryptocurrency holders, especially in Africa? In countries with high inflation in Africa, cryptocurrencies are often seen as a way to preserve the value of savings. In areas that are more stable…

May 25, as every year, was World Africa Day celebrating the founding of the Organization of African Unity (OAU), which became the African Union in 2002. This year, May 25 was also the day chosen for the launch in Dakar of the first edition of RASA, the Alternative Report on Africa. What's new with this report? In fact, number 1…

The Ivorian government is now forcing multinational companies to give up 20% of their export contracts to Ivorian operators. A measure aimed at avoiding the suffocation of Côte d'Ivoire traders who have long condemned the unfair competition of multinational companies currently in a virtual monopoly position on Côte d'Ivoire in the purchase and export of cocoa.…

It is an important production sharing agreement that Nigeria has just signed with the multinational oil companies operating in the country. An agreement that paves the way for investments that can reach 10 billion dollars. It is the culmination of two years of arm wrestling between NNPC - the Nigerian company that manages…

Emmanuel Macron was in Kigalio, where he gave a speech at the Gisozi Memorial on Thursday, acknowledging responsibility, but no French involvement in the genocide, a speech very well received by his counterpart in Rwanda. In addition to the memory issues, the two heads of state spoke about the future of their cooperation, as the rapprochement is intended to be both diplomatic and economic.…

Tunisia's Prime Minister Hichem Mechichi confirmed on Saturday, May 22, in Tripoli, his country's desire to resume economic cooperation with Libya. "This fraternal visit confirms the historical political, economic and human relations between the two countries," the Tunisian prime minister told local media on his arrival in…

In retrospect, Africa has almost returned to a time of repeated coups from the past. To the great misfortune of the people. It was in Paris this week. Africa was the guest of honor at a summit to raise awareness among partners and other donors of the need for significant funding for the revival of economies damaged by the…

A brand new personal cosmetology college, Farifima Worldwide Cosmetology College, has simply opened its doorways in Dakardébutavril to prepare youth in numerous beauty professions, on the initiative of an entrepreneur who has already launched his personal line of magnificence merchandise. A technique to educate youth who after six months obtain a certificates that the state acknowledges in beauty…