Economy

Somewhat reassured about the consequences of a debt moratorium, Moody’s maintains Senegal's Ba3 rating. The agency nevertheless points to high debt, in view of a slowly growing wealth. Moody’s confirmed its rating for Senegalese sovereign debt at Ba3. Note therefore maintained, as for the...

The United States, which is pushing to isolate Iran, denounced an "inexcusable" vote. For its part, Tehran welcomed the vote, saying Washington has "never been so isolated." Washington was not deluding itself but hoped to appear less alone in its strategy to fight Iranian...

Severely affected by the pandemic, the UK has imposed one of the longest lockdowns. Its gross domestic product (GDP) fell by 20.4% over the period.Even on the catastrophic scale of the economic crisis the planet is going through this year, the statistics released by the UK are...

Never before has the country experienced such an economic downturn. Like its European neighbors, the United Kingdom saw its economy contract by a "record" 20.4% in the second quarter, hit by the coronavirus crisis. Officially facing its worst recession on record, the island...

How to modernize African agriculture when it is mainly done by very small farms? Several specialists in this question indicate the avenues retained, successful experiences or those to be improved. Several decision-makers from the agricultural world have responded to the invitation of I-Conferences to...

The pan-African group Ecobank suffered the coronavirus epidemic in the first half of the year. Currency conversion accentuated the impression of a downturn in results, which are rather encouraging expressed in local currencies. The good surprise came from Nigeria. In a difficult context, the...

Around the same time, the Government agreed to suspend the exemption from VAT on imports from mining firms. The Congolese authorities revoked the VAT exemption given to mining operators in the Democratic Republic of Congo and encouraged them to repatriate 60% of their...

The World Bank believes that a Continental Free Trade Area will have beneficial effects for Africa. Not so much by itself as by what it entails in terms of economic reforms, productivity gains, and better governance. The World Bank publishes a voluminous report extolling...

How to assess the capacity of African states to repay their debt? What attitude should be adopted between bilateral creditors and financial markets? The explanations of Bloomfield Ratings allow us to understand the judgment of rating agencies. Aside from high-income countries, African countries are...

On Monday, July 27th; the Executive Board of the International Monetary Fund (IMF) approved emergency aid of 4.3 billion dollars (3.7 billion euros) for South Africa, whose already fragile economy is being tested by the pandemic; the institution announced in a press release. The...