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Ghana: Country’s economy fell by 3% due to Covid 19

It is a sad first in 37 years: Ghana’s economy fell by 3% in the second quarter of 2020, hard hit by the restrictive measures put in place to contain the Covid-19 epidemic. A country known for its stability and its important exports of gold, oil and cocoa, Ghana saw its economy contract by 3.2% […]

AfDB: Akinwumi Adesina reelected president of the bank for five more years

The shareholders of the African Development Bank unanimously re-elected Akinwumi Adesina. The affair of the internal whistleblowers has therefore left no trace. Adesina therefore reappointed for a second term of five years. Africa hit hard by the economic crisis following the Covid-19 pandemic has therefore chosen not to jeopardize its main development tool. The ADB […]

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Mali: the financial component of ECOWAS sanctions against the military junta

During the video-conference of West African Heads of State (ECOWAS) on Thursday, August 20, the sub-regional organization announced that it would break “financial and trade flows” with Mali. A means of pressure, which is already in force through the Central Bank of West African States (BCEAO), which has suspended most of its activities. For several […]

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African Development Bank holds its annual General Assembly

This had never happened in the history of the African Development Bank since its creation in 1964. For the first time, the main financing institution of the African continent holds this August 26-27 its annual meetings in virtual mode because of the Covid-19 pandemic. Exit therefore the noise of corridors, rumors of the Hotel Ivoire-Sofitel […]

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CAR: Controversial increase in the price of ID cards

The issue of identity documents continues to make noise in the Central African Republic, in particular because of an inter-ministerial order dated 6 May, which amends the price of various types of identity documents. The decree sets the price of the national identity card at 6,000 CFA francs (6 euros) instead of 4,000 CFA francs. […]

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Benin classified as a middle-income country

Benin, considered so far a low-income country, has been upgraded by the World Bank, since July 1, to the category of middle-income countries such as Morocco, Côte d’Ivoire and Senegal after its per capita income rose from $870 to $1,250. A historic performance recalled by Patrice Talon on Friday, during his speech on the 60th […]

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Zimbabwe: stock exchange reopens after a one-month hiatus

The Zimbabwe Stock Exchange reopens on Monday, August 3. It had been closed since the end of June due to speculation allegedly harmful to the national currency, the Zimbabwean dollar. An investigation into the alleged speculation has yet to be concluded. Trading resumes in the Harare financial center on this Monday, after a month-long pause, […]

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Morocco’s King Calls for Social Welfare Coverage to all Moroccans

King Mohammed VI has called on the government and the social actors to act quickly for the expansion of social welfare system to include all Moroccans within the next five years. Addressing on Wednesday the Nation on the occasion of the 21st anniversary of the Sovereign’s accession to the throne, the Monarch said. that the […]

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South Africa: IMF Provides $4.3 Billion in Emergency Assistance to fight Covid-19

The IMF announced this week that it approved $4.7 billion (€3.7 billion) in emergency assistance in response to Covid-19 to South Africa. The country had been refusing IMF assistance for more than 25 years. But South Africa is the worst affected country in Africa with nearly 450,000 cases and 6,700 deaths, according to a latest […]

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Sudan: US sanctions Russian officials and entities linked to Yevgeny Prigozhin

The US treasury has decreed sanctions against several Russian officials and entities linked to Yevgeny Prigozhin, a close associate of Vladimir Putin, who has already been pinned in the 2016 US elections on social networks.   This time, Washington is sanctioning eight targets: three Russians and five companies, all suspected of helping Yevgeni Prigozhin to […]

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