Author: Contribution

Cheikhna Bounajim Cissé, the emergent officer. 1- An oversold and cracked neoliberal ideology. In this new column on the relationship between African states and the IMF and entitled “Why African countries must stop programs with the IMF?”, The emerging Cheickna Bounajim Cissé, economist, essayist and expert on African banking markets, discusses the second part of his analysis devoted to the autopsy of IMF programs on the continent. Without evasiveness and with factual elements, it deals, successively, with all the terms which radiate the controversy around the policies of the Bretton Woods institution in Africa: “neoliberal”, “austerity”, “poverty”, “growth “,” Debt…

By Brice Kouao, Abidjan Stock Exchange School. Arrived in 2016 after having bought the local subsidiary of Airtel, Orange took the leadership from Onatel Burkina, a subsidiary of Maroc Télécom, in 2017. Three years later, how is the subsidiary of the Orange group developing in its electric duel with the subsidiary of Morocco Telecom? According to the third quarter 2020 results provided by the various groups, Orange Burkina has the largest mobile subscriber base in the country. With 9,403,000 subscribers, the company is ahead of Onatel Burkina, which passes the 9 million subscriber mark (9,087,000). However, the gap between the…

Six researchers questioned our recent article devoted to the role of the pharmaceutical industry in the controversy over Covid therapy, the IHU of Marseille and Professor Raoult. We respond to them by showing on the one hand that their arguments are refutable, on the other hand that they hide a primary (very widespread) anti-Raoultism which is based on opinion and not science. Episode 28. Contrary to what one might have believed at the end of the last century, in the euphoria of the discovery of the Internet and the seduction of a “digital utopia”, intellectual life is doing quite badly…

Digital and economic growth, the African perspective With digital technology, we are experiencing a new revolution that concerns the whole planet and without a doubt, the world is moving from an industrial economy to an intangible economy and no country is immune to this phenomenon. Today, it is essential to have an adequate computer park and a good telecommunications system to ensure inclusive and sustainable growth, in an interconnected world and the COVID-19 crisis confirms this. Digital has become a major issue from East to West, from North to South. Any business or territory that does not arm itself with…

Faced with a world that is always going faster but above all going worse, the nation-state of the Principality of Seborga is proposing to establish a genuine digital economy in a sustainable manner with a completely innovative electronic currency as its vehicle. After Brazil, the idea would be to continue the deployment on the African continent. This most modern reality would make it possible, in partnership with all African countries, to strengthen their economy, provide support to states weakened by Covid 19 and allow the continent’s micronations to have a real economic structure. Contribute to the economic development of the…

Par NJ Ayuk  On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation. During the newly independent nation’s earliest days, there was every reason for Nigerians to envision a bright future for themselves and their country, one in which Nigeria’s vast oil and gas reserves would deliver widespread prosperity. One of stability and growth. Tragically, Nigeria’s story moved in a different direction. Yes, there was a brief period of economic growth, but that was followed by multiple coups, civil war, military rule, corruption, and poverty. Instead…

The economic crisis that had been looming on the horizon since the start of the COVID19 pandemic has ended up creating the greatest uncertainty on the financial markets since the great economic depression of the 1930s. Indeed, the contraction of the world economy due to the restrictions imposed everywhere to cope with this unexpected risk has had devastating effects on the market mechanism as well as on investors’ confidence in particular. This analysis, which focuses on the West African region, where the challenge is more than significant, attempts to place the problem in a regional context and to recommend possible…

When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique’s first onshore LNG plant would be creating tens of thousands of jobs — and contributing to sustainable, long-term economic growth that would impact millions of people. Two additional LNG projects have been announced since then: the $4.7 billion Coral FLNG Project by ENI and ExxonMobil, and the $30 billion Rovuma LNG Project by ExxonMobil, ENI, and the China National Petroleum Corporation. While these two have been postponed by the COVID-19 pandemic, the original LNG…

As Africa is busy making its entry into the fourth industrial revolution (4RI), that of digital transformation, it is faced with the triple problem of accessibility, cost and quality of the internet for its populations. This situation, if not tackled head-on now, may well be a brake on the continent’s forced march to make up for lost time. However, with its strong potential for present and future growth, the emergence of a certain African tech which has shown the down payment of its promises during the COVID 19 pandemic with innovative solutions, local and international observers like to perceive a…

By George Orido  Kenya failed in the first round battle for the non-permanen UN Security Council seat after she garnered 113 votes against Djibouti’s 78 during an election without the plenary. Kenya’s fate will be decided Thursday when a second round of elections will be carried out at 3pm East Africa Time. For Kenya to win it requires 280  votes or two thirds of the votes. Eritrea reneged on her earlier position to support the Africa Union decision to support Kenya. If Kenya wins, it will be the third time to be at the seat of the most powerful organ…

By George  Orido  Kenya’s Treasury Minister Ukur Yatani has presented a USD 32 Billion amidst a depressed economy occasioned by the effects of Covid-19. The measures presented before Parliament and set to start for the Year 2020/21 from July 1, include a raft of fiscal policy interventions including introduction of tax targeting the wealthy. Some of the measures include tax on importation of airplanes, removal of tax relief for  the importation of motor vehicles by civil servants working abroad and slapping of 1.5 per cent tax o digital tacompanies such as Google and Uber. In a bid to shore up…