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Reformers reach a turning point | Article Preview

Finance ministers and IMF officials see a route out of the post-pandemic gloom but average per capita incomes are flatlining or shrinking, Africa's economies may be at a turning point should the 'right policy choices' be made according to the IMF's African Department Director Abebe Selassie. The IMF and the African Development Bank (AfDB) both forecast GDP growth at 3.8% in Africa this year although the two institutions define the states making up Africa differently.* Whichever formula is used, average incomes on the continent are barely growing in per capita terms (see accompanying graphs).


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Will Senegal's President Faye lead West Africa out of France's monetary zone? | Article Preview

The new political leaders in Dakar are promising jobs, growth and radical reform for the region's monetary system, Plans to rename the CFA franc, the next stage of regional currency reform, were derailed at the last minute by the July 2023 military coup that deposed Niger's President Mohamed Bazoum, Africa Confidential has learned.


Dakar , Senegal , Niger , United-kingdom , Mohamed-bazoum , Africa-confidential , United-kingdom-european-union , President-mohamed-bazoum , Account-credit , European-union , France , Frica

The battle for Odinga's ODM | Article Preview

, With Raila Odinga's path towards the African Union chair's job looking ever more clear, the race to succeed him as the voice of Kenya's opposition is hotting up.


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Faure lobbies Washington | Article Preview

, President Faure Gnassingbé is seeking to strengthen his government's ties to the United States and secure US investment under two recent laws. This coincides with a contentious bid by Faure to change the presidential constitution to a parliamentary one, creating an executive prime minister position. Oppositionists believe Gnassingbé wants to take that post, as the term limits on his presidency would expire after next year's elections. They are calling for mass protests in the week ending 13 April after Gnassingbé's party votes to postpone legislative elections due on 20 April.


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Green Transition Threatens Australia's Iron Ore Dominance

Australia's iron ore industry faces a major challenge due to the changing global demand for "purer" high-grade ore, posing a risk to its position as the largest iron ore exporter.

Beijing , China , Brazzaville , Congo , Liberia , Cameroon , Rio-tinto , Parahyba , Brazil , Wuhan , Hubei , Sierra-leone

World's Top Aluminum Producer Sees Raw Material Supply Risk in Guinea

(Bloomberg) -- Aluminum Corp. of China Ltd. said it sees “relatively high” risks to supplies of bauxite from Guinea, highlighting its growing dependence on a single country for the raw material. Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsLondon Insurers Face Baltimore Bridge Payouts Worth BillionsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleJPMorgan Says S

Indonesia , Australia , Guinea , China , Bloomberg-businessweek , Michelle-leung , Bloomberg , Bloomberg-aluminum-corp , China-ltd , West-african , Bloomberg-intelligence , Uinea

Faye's victory shakes up region | Article

In jail until ten days before the vote, a political outsider has been elected president on the first ballot, As detailed results from around the country trickled in, Amadou Ba, former Prime Minister and standard bearer for the ruling Benno Bokk Yaakaar (BBY) alliance, could draw only one conclusion. By the afternoon of 25 March, less than 24 hours after the polls had closed, it was clear that he had been decisively defeated by Bassirou Diomaye Faye of the radical opposition Patriotes africains du Sénégal pour le travail, l'éthique et la fraternité (Pastef).

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MTN exits operations in Guinea and Guinea Bissau, sharpens focus on core markets

MTN has been reshaping its business model for several years. Last February, the company completed the sale of its Afghan subsidiary to Investcom AF,

Afghanistan , Bissau , Guinea-bissau , Liberia , Iran , Ghana , Nigeria , Guinea , South-africa , Afghan , South-african ,

Guinea appoints former opposition leader Mamadou Oury Bah as prime minister

Transitional authorities in junta-led Guinea have appointed one-time opposition leader and economist Mamadou Oury Bah to the role of prime minister, according to a decree read on national television on Tuesday. The political veteran faces a challenging task setting up a government amid an indefinite general strike launched this week over deep economic hardships and the military authorities' allegedly repressive policies.Television footage showed Bah taking the oath of office in front of interim

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