Finance

To equip itself with the most important infrastructures that are so much lacking in development, Africa is turning more and more towards the private sector. Latest example in the Democratic Republic of Congo: Australian metal magnate Andrew Forrest is now portrayed as the future builder of the Inga Mega Pond. A disproportionate…

In Senegal, they are found in most kitchens. Food broths will now be taxed at 25%. This is a new provision introduced by the amended budget law on the budget for 2021. The text was adopted by the last Council of Ministers. The measure is part of the budgetary measures to deal with the Covid-19 pandemic. It remains to be seen if it will disrupt the habits.…

The aim of the Paris Summit on the Financing of African Economies on 18 May was to explore all possibilities for mobilizing resources, which would enable the continent to resume the growth path following the Covid-19 pandemic without falling into the debt trap. Satisfied with France, which was on the initiative of the summit.…

In the Democratic Republic of Congo, after a three-week negotiation marathon, governments and the International Monetary Fund (IMF) delegations agreed on the content of a three-year program. If this agreement is validated by the IMF's management and board, the DRC can start receiving an initial payment of about $ 1.5 billion from mid-July. Congolese Minister of Finance Nicolas Kazadi discusses the…

The Paris summit on the financing of African economies was held on Tuesday 18 Might. A serious worldwide assembly, centered on the thorny subject of debt, by which China participated, by video convention. In the event you put a number of financial urge for food to Beijing in Africa, Chinese language funding remains to be in sharp decline and the main focus of the debt service is altering.…

MOGADISHU, Somalia - The Federal Republic of Somalia may very well be working out of financial system and most operations might stall, Finance Minister Abdirahman Beileh has steered, which might paralyze the functioning of essential departments within the nation. Beileh, a well-known economist, is now reaching out to Somalis within the diaspora to run the funds after most worldwide companions stopped sending cash to the nation within the midst of the stalemate earlier than the election. In a Zoom interview with a…

In Paris, the Court of Auditors on Thursday morning delivered a report on France's civilian and military actions in the G5 Sahel and their relationship to official development assistance. Conclusions: there are gaps in the monitoring of development assistance in the Sahel and security and development measures suffer from a lack of coordination…

The World Bank wants to hire financial markets to save the black rhinos in South Africa. With "nature bonds", the organization plans to issue bonds with the simple principle: investors only make money if the black rhino in South Africa increases. What happens if investors play a role in rescuing black rhinos? The idea came…

In the Democratic Republic of Congo, the Financial Controller is interested in the disappearance of millions of dollars that would have been used to finance the creation of a company that would belong to relatives of the former President of the Republic, Joseph Kabila. Jules Alingeti wants to understand how the private company called Egal SARL saw its accounts get several million dollars originally…

In terms of debt, Abidjan is likely one of the good college students. Côte d'Ivoire has simply borrowed one billion euros on the monetary markets, often known as a Eurobond subject. And buyers have rushed to lend to the nation, which is taken into account comparatively protected by buyers. Not all nations are deadbeats,…