Economy

The inauguration of the very first growth accelerator Digital Women's Day (JFD) in Africa took place on March 23, 2021 in Libreville, Gabon. It will be a place to gather women entrepreneurs and a networking place where there will be training and events aimed at facilitating access to finance for women, according to Delphine Remy-Boutang, founder and CEO of JFD, CEO of Global Entrepreneurship Network…

Uncertainty remains in northeastern Mozambique, where the French hydrocarbon group Total announced on Wednesday the resumption of construction work on the gas site, which would be operational in 2024. On the same day, suspected jihadists attacked the city of Palma. After withdrawing its staff from the Afungi plant in early…

Jumia, the African leader in e-commerce and Gozem, one of the leading startups in the urban transport niche, saw with relief the end of a difficult year 2020 for its activities in Africa. And to start over, these companies, both founded by young French people, have a recipe: innovation and investment. Founded in eleven African…

Unemployment reaches 33% of the working population, inflation 17%, the statistics for February 2021 reflect in all their severity the serious economic crisis that Nigerians are going through. Africa's largest economy - in terms of GDP - is facing several crises, food products are rising dangerously and extreme poverty is rising. Pandemic, agricultural crisis and oil rent decline, the picture is bleak…

The cashew campaign is in full swing in West Africa, but production forecasts have been revised downwards as in India and Vietnam. As a result, prices are rising and Asia is expected to need African nuts more than usual this year. The misfortune of Asian cashew producers may well make their West African counterparts happy this year. Concerns are confirmed, the cashew nut campaign among the two major producers in India and Vietnam looks less promising this year. Probably for climatic reasons. As a result, Asian…

The demonstrations and riots that shook Senegal in early March were not only concentrated in Dakar. They had broken out after the case of Ousmane Sonko, the leader of the opposition party the Senegalese patriots for work, ethics and fraternity (Pastef), who is accused of rape and death threats. Other regions have been mobilized to "defend democracy", such as Saint-Louis, in the north of the country, a…

In the daily Le Potentiel, in the headline, "Election 2023: CENCO Reveals Its Roadmap". According to this newspaper, "the National Bishops' Conference in Congo intends to maintain pressure on the government to hold parliamentary elections in 2023." This structure of the Catholic Church insists that it "does not tolerate any slippage", we can still read. "The CENCO roadmap includes a range of activities, Le Potentiel…

At least 2,000 railway workers from the Congo National Railway Company, SNCC, must retire. They have been qualified for some for 7 years but remain active in the company. They therefore receive their salary due to lack of financial resources to pay their final bill. In early March, however, the SNCC managed to retire 250 workers thanks to support from the Congolese government. The situation for SNCC…

The Congolese government has just faced debts from economic operators who have pre-financed the state's works. Although the requirements were revised, they were only partially settled. Operators believe it will be difficult to revive the national economy with the small domestic commercial debt paid to them. They call for arbitration by the head of state for a final solution to their problem.…

The Gemfields group has announced the reopening of the Kagem emerald mine, one of the largest in the world. Closed for a year due to a pandemic, activity resumes at a time when the price of small green stones is starting to rise. Emerald from the Kagem mine is expected to return to the trading market this week. They will…