money

The case dates again to the summer time of 2020. The Survie Cameroon fundraising platform, launched by political opponent Maurice Kamto to assist struggle Covid-19 in Cameroon, reveals almost 1.1 million folks. However there is barely about 800,000 euros in Survie's checking account. Or a distinction of 330,000 euros. For a number of months and regardless of the reasons given by the donors to Maurice…

In a report published last year, the World Bank predicted a 23% reduction in remittance rates due to the impact of the Covid-19 pandemic on the employment of migrant workers. In Mali, diaspora money officially and according to the latest available figures represents more than 5% of the country's GDP. as reported from Bamako,…

As of March 12, the Republic of Congo is launching a 100 billion CFA franc bond issue within the CEMAC zone. The funds will be used for the infrastructure programs in the 2021 budget, and part of the money will also be used to repay the domestic debt to companies. Brazzaville has no choice but to borrow, because despite an agreement reached in 2019 with the IMF, the institution is reluctant to release…

The arrest and detention of money laundering by former presidential candidate Nabil Karoui provoked strong reactions within his party, in the heart of Tunisia, which has 30 seats in Montage. Its deputies held a press conference in parliament on Friday 25 December. An 870-page expertise pointing out certain false mechanisms and…

Once is not common, in Kenya, parliamentarians have to return money to the state. Yesterday, the High Court of Justice asked the 416 elected representatives to reimburse ten million dollars. This amount corresponds to a housing allowance that they have received for more than two years. A financial support that they had voted in their own favor and caused a stir in the country. Each parliamentarian will have one year to repay more than $ 24,000. A significant sum given the Kenyan standard of living, but much more…

The national electricity company Eskom continues to collect funds from companies suspected of corruption and irregular payments. Latest profit: EUR 85 million will be paid by the Zurich engineering group ABB. Eskom has become one of the symbols of corruption during the Jacob Zuma presidency, and hijackings in connection with the Gupta family have brought the company to its knees. Now the South African…

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.…

A French couple were arrested in early October in the Limoges with 20,000 euros in moldy banknotes in their possession. Banknotes coming from shares plundered at Benghazi's central bank in Libya in late 2017. At that time, the city center, where the establishment is located, was taken from the Islamists by the forces of Khalifa Haftar. And witnesses accuse the son of the strong man from the eastern part of the country of having seized this liquidity flowing from Europe. By the end of 2017, the center of Benghazi was still…

With the claim of the best working conditions, the agents of the Congo Post and Savings Company (SOPECO) begin this Tuesday, September 29, the second week of their indefinite general strike, which particularly paralyzes money transfer and receipt. and sending packages. "Unlimited general strike, stay home!" These writings, posted at all entrances to the postal services, well padlocked, welcome users like Ulrich Malonga, who cannot withdraw the money sent to him from abroad in this agency, which is placed in the main…