Business Africa
DRC’s $10 billion draft budget for 2020
An ambitious draft budget presented to the National Assembly of the Democratic Republic of Congo. More than US$10 billion is needed for the various projects to be carried out in the 2020. This is an increase of 63.2% compared to 2019. A historic budget that the authorities are defending. They say that they are meeting the partners’ unfulfilled promises and the conditions imposed by the World Bank and the International Monetary Fund.
Sudan’s worsening economic crisis
Sudan needs urgent reforms and budget support of about $5 billion to avoid an economic collapse according to the Minister of Finance, Ibrahim Elbadawi. The country is facing fierce criticism from the population, who denounce ‘‘appalling economic conditions’‘ as the nation remains stuck in a serious crisis.
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South Africa narrowly avoids recession in Q4 amid sluggish growth
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Is Rwanda opposed to an AU-backed SADC operation in eastern DRC?
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Gas-exporting countries to cooperate on battling demand volatility
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SADC army chiefs visit Goma amid clashes between DRC army and rebels
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Pics of the day: February 29, 2024
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UN peacekeepers withdraw from Kamanyola base as DR Congo police take charge