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Finance

central bank reveals financial report for 2019

This is a first, the central bank of the Democratic Republic of Congo has published the audit of its annual accounts per. December 31, 2019, performed for the first time by the auditing firm Deloitte on its website. It was a demand from the IMF that demands more transparency from the country. Not surprisingly, the general government account was in the red per. 31 December 2019. But this report reveals the existence of about thirty sub-accounts, the creditors themselves, which could have been used to compensate for this…

Concerns over African debt following Zambia’s difficulties

Zambia has failed to secure a moratorium on its Eurobond debt from its private creditors. Zambia is one of the many countries that have become indebted to Eurobonds in recent years. As the IMF worries about an alarming rise in debt in Africa, several African countries could quickly default on their payments. The event did not…

Aliko Dangote, Nigerian billionaire, Africa’s first fortune

"Today is the economy" portrays Nigerian billionaire Aliko Dangote, founder and head of the conglomerate that bears his name and Africa's first fortune. He created his fortune in Nigeria but his dream goes beyond his country. Aliko Dangote: “We have a lot to do. We must liberate Africa economically from Africans. The only way we can thrive is for Africans to control their economies alone. The strangers will see what we do, then they will join us. Of course, we can not grow alone, but we have to lead. ” The core of…

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