Finance

In the Democratic Republic of the Congo, the Swedish Financial Supervisory Authority (IGF) announced yesterday, Wednesday 18 November, the results of five investigative missions. As a result, scandals over alleged embezzlement of public funds, especially in connection with teachers' salaries or the Bukanga Lonzo agro-industrial park, were considered the biggest investment scandal for ex-President Joseph…

The hope of a resumption of travelers' arrival was quickly swept away by the second wave of the Covid-19 pandemic in the countries from which tourists travel. The sector, which represents about 14% of Tunisia's GDP, is therefore on its knees. In Tunisia, on Monday 16 November, the government announced support for the tourism…

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,…

For the financial year 2021, the government intends to intensify the fight against corruption and embezzlement of public funds while promoting the tax culture in order to replenish the treasury and finance public policy. DRC: Prime Minister Sylvestre Ilunga Ilunkamba talks about the 2021 budget Pascal Mulegwa .

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.…

African countries and their creditors have their eyes set on Zambia, which in the coming weeks could become the first defaulted country since the Covid-19 crisis. Lusaka this week asked its creditors to postpone the deadlines for a tranche of three billion euros of loans in Eurobonds. At the same time, Zambia is reluctant to settle arrears of payments to its Chinese creditors. If there is no agreement, the country says it will no longer be able to pay its debt. The Zambian case highlights the inadequacy of the measures…

The United Nations Economic Commission for Africa is concerned about the decline in remittances from African diasporas. With the global economic crisis, these diasporas are sending less money to the countries of origin. This year, the decline is expected to reach 21% or 18 billion. Dollars less compared to 2019. The forecasts are alarming. Transfers will go from $ 85 billion in 2019 to $ 67 billion this year. And for many families living in anticipation of the manna sent by parents who have gone “north,” this is a…

The Treasury General is on all hot topics of the hour: civil servant pay, exceptions, answers to covid, Go pass, Bukanda Lonzo ... This institution, which relies on the presidency of the republic, is currently carrying out current 34 control missions including 26 in Kinshasa. However, it only has about forty inspectors still active ... IGF has not recruited for thirty years. The need is so much more urgent, as the Inspector General of Finance now daily checks all the revenue and expenditure of the state to prevent abuse.…

It's Christmas before its time on the Lagos Stock Exchange in Nigeria. On Tuesday, October 6, the index jumped over the thirty largest stocks by 5.7%, the second-best result in the last fifteen years. In the last month, the Nigerian stock market has been in good shape and has gained more than 13% as the country is going through a severe recession. Never before has the connection between the real economy and finance been so striking in Nigeria. As the country struggles with a recession synonymous with job losses and deep…