Tag: Economy Africa
significant rise in fuel prices after months of shortages
Prices at the pump are being updated since this morning in the Central African Republic, after the government’s decision to sharply increase fuel prices by 50 to nearly 80% depending…
For Gabonese, 2022 was the year of the explosion in the cost of living
The Gabonese, who are preparing for New Year’s Eve, remember that 2022 was a very difficult year. The Covid-19 pandemic and especially the consequences of the war in Ukraine have…
load shedding forces companies to reduce activity and cut jobs
In South Africa, after a lull for Christmas, power cuts resumed with a vengeance at the end of the year. At issue: aging coal-fired power plants that regularly break down…
relaxation of restrictions on cash withdrawals
In Nigeria, the Central Bank (CBN) is still in turmoil, after its decision to replace banknotes with new ones and drastically limit cash withdrawals from January 9. Faced with numerous…
Joe Biden welcomes close cooperation with Africa
US President Joe Biden addressed his peers at the end of the Africa Business Forum, which occupied the second day of the meeting, to welcome concrete results. With our correspondent…
in Kinshasa, trade undermined by deadly floods
The floods which killed nearly 120 people, according to a provisional report, also caused very heavy material damage, in particular the collapse of a section of the national road 1.…
the annual report of the Court of Auditors pinpoints the management of the gold sector
The Malagasy Court of Auditors presented its annual report to an audience of officials on Tuesday, December 14, but also of citizens curious to know how public funds were spent.…
IMF extends $3 billion loan to Ghana
It had been in negotiation for several months and was eagerly awaited by Ghana. Finally, an agreement was reached for a loan of 3 billion dollars over three years, announced…
“Africa has become a geopolitical issue”
The United States-Africa summit opens Tuesday, December 13 in Washington. The leaders of 49 African countries and the African Union are invited for three days in the American capital, to…
Creation of a cocoa exchange in Africa: many challenges remain
During an extraordinary session of the International Cocoa Organization, which was held on December 8 in Montpellier, producers and buyers agreed to launch studies on the possibility of creating a…