To support the “Covid-19 response support program” launched by Moroco, the Board of Directors of the African Development Bank (AfDB) has decided to grant €264 million to the kingdom. “The program’s primary objective is to help limit the spread of the virus and further improve the effectiveness of the authorities’ health response. It will thus […]
The Director-General of the Food and Agriculture Organization of (FAO), QU Dongyu, has warned that efforts to control desert locusts will take time, noting increased concern for the Sahel and Southwest Asia is adding to the burden of efforts ongoing in the Horn of Africa and Yemen. Qu was joined by the UN Under-Secretary General […]
The suspension of income tax collection in DR Congo, decided at the end of March to cushion the coronavirus crisis, will not have lasted the three months initially announced. Since last April, the authorities, wanting to mitigate the harmful effects of the pandemic on civil servants, had decided to suspend the 15% levy on the […]
The bill ratifying the end of the CFA franc was adopted on Wednesday 20 May in the Council of Ministers by the French government. This text formally validates the transformation of the West African currency which will change its name to eco. It is a new step after the announcement made on December 21 by […]
The coronavirus lockdown, enforced in Morocco from March 20 to June 20, has been extended for three more weeks till June 10 to prevent the spread of the deadly virus. However, the two-month shutdown will cost the country a loss of 6 points of GDP in 2020, or a $100 million per day, said on […]
Remittances from the African diaspora are expected to decline by 23% this year due to the COVID-19 pandemic and its economic consequences. This year, the World Bank predicts that remittances from the diaspora to sub-Saharan Africa will fall by 23%. They currently represent 48 billion dollars. The problem is not only African, it is global, […]
While an internal investigation has just cleared the African Development Bank (AfDB) President of accusations of prevarication and favoritism made against him, his accusers are now attacking the Ethics Committee that conducted the investigation. They doubt its probity and are calling for an independent investigation. The whistleblowers at the African Development Bank (AfDB) have not […]
South African President Cyril Ramaphosa announced on Tuesday a “huge economic and social support plan” worth 500 billion rand (€24.4 billion), to support companies and the most vulnerable people affected by the Covid-19 pandemic. This envelope is intended to help “millions of South Africans in the informal economy” and the unemployed who are “struggling to […]
Debate on good management of the funds received by the Central African Republic to cope with covid-19 retains attention more than prevention measures in the country. Aid announcements have been steadily coming in the form of donations in direct projects or in cash from the European Union, which pledged €30 million, the World Bank ($5 […]
As growth falters and the government’s financing needs expand, Ghana received an aid from the International Monetary Fund. The West African country which was promoting a big project called Ghana Beyond Aids could not face along the impact of the new pandemic on its economy. The IMF has approved a $1 billion (910-million-euro) aid package […]
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