Author: Valerie Koudamenou

The International Monetary Fund (IMF) released in a statement on 14 March 2019 its economic outlook for Malawi, where it expects economic growth of about 5 percent in 2019. This growth, he says, will be due to the rebound of agriculture and an improvement in electricity production. “In the medium term, growth could still reach 6 to 7%,” said the IMF in its statement, justifying this increase by infrastructure projects planned by the authorities and which aim to support sustainable growth and reduce poverty, including electricity generation, crop diversification, improved access to finance and an improved business climate. In…

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Renault Maroc Group has announced that it has acquired the 20% stake of the French group PSA in Somaca, the factory of the diamond brand based in Casablanca. The transaction is part of “its commitment to developing the automotive industry,” he says. The announcement comes amid a crisis marked by the judicial investigation around former CEO Carlos Ghosn sued for breach of trust. A case that does not seem to have affected the good shape of the company in Morocco where, at the end of 2018, it achieved historical sales (more than 75,400) while consolidating its position as market leader…

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BMCE Capital, the Investment Banking division of the BMCE Bank Group, and the investment bank of the ARM Group (Asset and Resource Management) signed, on March 7, 2019, a partnership agreement on Global Research aimed at offering their respective customers greater access to African markets with coverage integrating Morocco, Tunisia, Côte d’Ivoire, Nigeria, Ghana and Kenya. “This agreement strengthens the pan-African offer of the two partners who pool their resources and publications for distribution in domestic and international as part of the network African Securities Network (ASN),” said a statement. The same source indicates, moreover, that full partnership “the already…

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The African Development Bank (AfDB) and the Council of the Moroccan region of Fez-Meknes have adopted a draft agreement at the end of which both parties pledge to provide financial assistance and support to the holders of small projects. According to the information, the projects will be selected according to the criteria of created job positions, their impact on the reduction of social and regional disparities, innovation, productivity and sustainability. The areas of selection, it is said, include agriculture, handicrafts, NICTs, services and tourism, scientific research and the support of women’s cooperatives. The aim is to build skills and create…

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The Gambia’s real GDP grew by around 6.6 percent in 2018 compared to 4.6 percent the previous year, according to a team of the International Monetary Fund (IMF) at the end of the mission in the country. “The economic recovery in The Gambia has continued to gain momentum, supported by renewed business confidence,” said Jaroslaw Wieczorek, the head of the IMF team quoted in a statement released on March 8, 2019. “The improved inflation outlook paved the way for easing monetary conditions and a strong recovery of credit to the private sector. The strong growth of tourism and remittances has…

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The Central Bank of Zimbabwe (RBZ) borrowed $ 985 million from pan-African lending institutions in 2018 to cover commodity imports. The announcement was made on March 4, 2019 before the parliament by John Mangudya, the governor. Indeed, total debt amounts to USD 641 million to the African Export and Import Bank (Afreximbank), USD 152 million to the Eastern and Southern African Development Bank and USD 25 million to the African Development Bank. Central Bank of neighboring Mozambique This is indeed a panacea for Harare. The country is rejected by conventional donors including the International Monetary Fund (IMF) and the World…

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It is on the occasion of its 30 years of exercise that the Tunisian airline Nouvelair inaugurated on 03 March 2019, the new connection with Istanbul, for a frequency of 4 flights per week. Flights departing from Tunis (Tunis-Carthage Airport) are scheduled on Mondays, Thursdays, Fridays and Sundays to the new Istanbul International Airport, according to the company. Return flights are also scheduled according to the same schedule. Nouvelair serves more than sixty European cities to major Tunisian airports. In Africa, it began serving Algeria, its first destination on the continent in 2016, on a frequency of 3 flights per…

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Egyptair serves the American city of Washington from June 3, 2019 according to a new calendar published by the company. Initially, he says, the flight will leave Cairo at 23:30 to land the next day, at Washington-Dulles International Airport at 5:40. On return, the flight will leave the airport facilities of the American city at 12:00 to land in Egypt at 04:50, local time. The carrier will make three trips a week including, Monday Wednesday and Friday. Based in Cairo, EgyptAir operates more than 555 weekly flights from its Egyptian hub and many other cities in the country to around…

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Kenya Airways has announced that it is introducing flights to and from Rome, Italy, from June 13, 2019. According to information, these flights will be operated four times a week, including two via Geneva (Switzerland). They are charged at a special rate from 559 EUR (all inclusive) to and from Rome. As a reminder, an agreement was signed on February 16 in Nairobi allowing the carrier to also serve Niamey (Niger) in the coming days.

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The European Union donated € 15 million to the Burkinabe government on February 26, 2019 in support of the solar plan called “Yeleen”. The envelope should be used as a contribution to improving access to energy and economic growth. “This is a commitment we made at COP21 in Paris, which is to allow the countries of the South to develop and therefore industrialize, while being environmentally friendly. Only renewable energies can reconcile the two, “said Stefano Manservisi, Director General for International Cooperation and Development of the European Commission. And to emphasize that the country “is firmly committed to the path…

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The national management of the Central Bank of West African States (BCEAO) announced on February 26, 2019, the state of Burkina Faso’s external accounts for the year 2017. It appears that the balance payments are in excess of 246.976 million CFA francs and the current account balance has remained in deficit of 521.6 million CFA francs. The surplus of the balance of payments is that of the capital account (donations and capital transfers to the public administration) of 172.8 million CFA francs and the financial account (portfolio investment and other investments private) of 599, 1 million CFA francs, according to…

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The Heads of State and Government of the Commission for the Sahel region have approved, on 25 February 2019 in Niamey, a climate investment plan of 400 billion USD over the period 2020 to 2025 designed to cope with global warming. “The Sahel region is subject to very high climatic variability. The situation in the Sahel shows how climate change is impacting the availability of resources, “said Nigerian President Mahamadou Issoufou. This plan, which will be the subject of financing, reflects, it is said, the commitments made by the member countries in the context of the Paris Agreement on global…

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According to data released on February 12, 2019 by the Johannesburg International Airport Authority, the first phase of the infrastructure upgrade project will require an estimated total cost of US $ 324 million. The project focuses on the mixed-use development of the platform, and includes the construction of new freight facilities, new offices, and the modernization of the airport facade. “The development of the City of the West will serve as a catalyst to create a new multifunctional node where large companies will ultimately migrate in terms of offices and hotels,” said airport manager Bonwe Pityi-Vokwana. quoted by the local…

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According to the data communicated on 23 February 2019 by the Algerian National Office of Statistics, the evolution of consumer prices in January 2019 is + 2.6% compared to the same period in 2018, and the rate of inflation annual rate is + 4.2%. The same source indicates that the consumer price index rose by nearly 0.6% in January, and the general consumer price index at the national level rose by 1%. 7% compared to December 2018. The prices of food goods register a variation of + 3.1%, according to the report. With regard to the evolution by category of…

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