Brain drain in Algeria
Algeria has lost $165 billion over the past 30 years.
This is the estimated amount of capital loss caused by the “brain drain” of more than 500,000 Algerians, according to Smail Goumeziane, writer and former Minister of trade.
*Cameroon bond issue *
The government of Cameroon just launched a bond loan, of FCfa 150 billion in total, on the local stock market.
The last bond issuance was in 2014, this particular one seems very promising.
The government says it is a sheer proof of the level of confidence that actors on the local financial market have in country.
Jean-David Mihamle and Selinah Ntobong with the details.
*Opec made an exceptional agreement on oil production *
It’s the first time in 8 years, OPEC made an exceptional decision on Wednesday as it reached consensus to manage the market and end the production war.
Selinah Ntobong and Fatoumata Traore tell us more.