The Morning Call
The lack of diversification of African economies, often dependent on income from a single commodity, makes the continent vulnerable and at the mercy of the slightest external shocks.
For instance, the fall in oil prices on the world market has plunged the economies of Central Africa, into a deep recession over the past 5 years.
Cocoa price fluctuations are negatively being felt in Ivory Coast and Ghana.
The same is true for copper prices in Zambia or cobalt prices in the DRC.
Faced with the growing need for funds, many African countries have even sought the assistance of some international traders in some unusual deals. More and more African states are pledging in advance, the production of raw materials such as oil in exchange for fresh cash.
Chad and the Congo experimented at their own expense, before discovering that these traders, who generously lend money to these desperate states, had set up a strategy of which is not in their best interest.
Our Jean David-Mihamle gauges the views of economic intelligence specialist, Guy Gwet on the issue.
01:15
Africa: About 51 million lives saved through immunization programme - WHO
01:13
Nigeria seeking $2.25 billion in World Bank loans
01:28
Earth Day Org calls for 60% reduction in plastic production by 2040
01:56
Ivory Coast: Women cooperative for vegetables transforming rural village
01:30
UN reports widening global inequality in sexual and reproductive health and rights
01:13
Kenya power delivers cheaper electricity bills for residents