Tag: Economy Africa
resumption of the maritime link between Dakar and Ziguinchor, a relief for Casamance
In Senegal, after ten months of shutdown, the maritime link between Dakar and Ziguinchor, in Casamance, in the south of the country, resumed on Tuesday April 9 evening. The rotations…
For the telephone operator MTN, good results from mobile money but profits in free fall
The telephone operator MTN, one of the largest operators on the African continent, presented its 2023 annual results on Monday March 25. Positive results with more and more mobile money…
“Calao”, new major hydrocarbon discovery 45 kilometers off the coast
In Ivory Coast, the authorities announce a new major hydrocarbon discovery, this is the “Calao” deposit. Located 45 kilometers offshore, this discovery was made by the Italian group ENI in…
Amnesty International highlights abuses against cross-border traders
On the occasion of International Women’s Day, the NGO Amnesty International (AI) publishes a report on the working conditions of women who make a living from informal cross-border trade. Four…
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…