Browsing Tag

focus

Gabon’s oil – dependent economy rolls from Covid-19

Since April, Gabon has been in a state of health. The Central African country is facing a major economic hit as a result of Covid-19 lockdown measures and falling oil prices. The arenas of this unprecedented crisis could remain at Port-Gentil, its oil capital, for a while. Businesses, shops, transportation, tourism and other sectors in the country's economic center are all struggling. Port Gentil has…

Nigeria’s financial system hit onerous by oil costs

Nigeria is formally in recession for the primary time in additional than a decade, ending three years of low however optimistic progress. The African nation's financial system is closely depending on oil exports, however the coronavirus pandemic has lower international demand and the value of oil has fallen. That is unhealthy information for a rustic whose price range plans had been depending on getting a sure value per capita. Barrel, a value that now means Nigeria is promoting crude oil at a loss. Our correspondent…

In focus: the release of hostages in Mali

"The good news finally fell yesterday", poster in large letters on the front of L'Indépendant, the Malian daily. "Soumaïla Cissé and other Western hostages, including the French Sophie Petronin, are free," we read."It is now confirmed and official," the article insists. "After more than six months in captivity or more than 190 days, the leader of the opposition was released yesterday, Thursday 8 October." He was in the…

In focus: still no lifting of sanctions in Mali

"Mali is far from restoring trade and diplomatic exchanges with its neighbors, ECOWAS member states, notes the Maliweb information pagedespite the appointment of a retired soldier as president and a civilian at the head of the transitional government. "What is stuck for the subregional organization are the powers given to the transitional president, Colonel Assimi Goïta, leader of the coup leaders on 18 August. In fact, he…

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