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It is necessary to finance commercial activities to ensure their revival, underlines a report. Which points out that only 40% of business activities in Africa are financed through banks. Afreximbank and ADB (African Development Bank) publish the third part of the Trade Finance in...
Faced with the risk of recession, the Central Bank of Nigeria lowers its key rate by 100 basis points to 12.5%. Yet the institution fears the persistence of inflation. It calls for concrete measures on the part of the state. The Monetary Policy Committee...
All indicators are expected to deteriorate sharply in 2020 due to the health crisis and government measures, before recovering in 2021. Worse than last June, the new macroeconomic forecast for Morocco predicts a sharper economic recession in 2020 because of the health crisis....
Several creditor banks in Congo Brazzaville, led by BGFI Bank, have accepted a mechanism to reinject up to CFAF 300 billion into the economy. A relief as the state, in debt, is struggling to play its supporting role. After the Paris Club, the London...
He was in control of the economy from 1961 to 1969, before falling into disgrace and being sentenced to hard labor. He died on September 16 in Tunis, at the age of 94. The man who, in the 1960s,...
Four IMF economists find that countries waste 30% to 50% of spending on infrastructure. Better governance is essential while the needs are essential, especially in sub-Saharan Africa. A voluminous study published by the IMF brings the issue of infrastructure investment back to the fore....
African leaders are passing judgment on the rules of the World Trade Organization. Designed by great economic powers, they hardly make room for African products. In this context, three African candidates are candidates for the head of the WTO. A survey commissioned by the...
The American development agency, Trump's armed wing to counter China's influence on the continent, has devoted nearly half of its new investments to Mozambican gas projects. The United States has guaranteed up to 1.7 billion dollars a gas mega-project in northern Mozambique, rich...
ECOWAS leaders have taken note of the impossibility of launching the single currency soon in West Africa. Only one country in the zone meets the convergence criteria, Togo. Also, states will adopt a new roadmap. The transformation of the CFA franc into an economy...
President Akinwumi Adesina was sworn in for his second term as head of the African Development Bank, whose priorities he recalled. Ghana's Minister of Finance, Kenneth Ofori-Atta, becomes Chairman of the Board of Governors. In 2021, the Annual Meetings of the AfDB (African Development...