Tag: Economy Africa
Nigeria faces inflation “incomparable compared to anything we have known so far”
When he was elected just over a year ago, President Bola Tinubu launched critical but brutal economic reforms for the poorest Nigerians. In particular the devaluation of the naira and…
Nigeria moves towards ambitions to become Africa’s top refiner
Nigeria, the continent’s leading crude oil producer, currently imports almost all of its fuel. But the rehabilitation of four public refineries as well as the commissioning of billionaire Aliko Dangote’s…
2023, a mixed year for global growth
It’s been a mixed year for economies around the world. Global growth even slowed in 2023 according to the IMF to stand at 3% (compared to 3.5% in 2022). And…
the port of Cotonou lifts the ban on exports to Niger, still subject to ECOWAS sanctions
The autonomous port of Cotonou lifts the ban on exports of goods to Niger. The general management of the port announced this in a letter dated Wednesday, December 27, 2023.…
Faced with the sudden rise in rice prices, the capital’s markets struggle
In Madagascar, consumers are watching with concern the price of rice rising in recent days. This trend, classic during the lean period, is alarming this time more than usual. In…
South Africa partners with Gazprombank for gas plant despite sanctions targeting Russia
A little less than two years after the start of the war in Ukraine, South Africa continues to strengthen its ties with Russia, particularly on the economic level. The ANC…
businessman Robert Malumba takes the helm of the Congolese Business Federation
In the DRC, the Federation of Congolese Enterprises (FEC), the country’s main employers’ organization, has a new president at the head of its Board of Directors. Following a vote organized…
Liberians struggle with inflation ahead of general elections
Tuesday, October 10, Liberians will be called to vote in general elections: they will have to elect senators, deputies, and a new president. The outgoing president, George Weah, is seeking…
Cameroon launches KHPC to build its largest hydroelectric dam
The hydroelectricity sector in Cameroon is enriched by a new company, the Kikot Hydro Power Company (KHPC), which was launched on Monday September 25 with the objective of building a…
South African poultry industry threatened by bird flu
Poultry farmers in South Africa are worried. All their chicken farming could go out the window. The animals are struck by an avian epizootic, described as “ the worst »…