ECONOMY

The national airline will succeed the defunct Congolese Airlines (LAC) bankrupt in 2003, and will compete with Korongo Airlines, a subsidiary of Brussels Airlines operating from Lubumbashi airport. Congo Airways, aims at serving eight cities in the DRC, including Goma (east) and Kinshasa, before moving to fourteen servants within three years to cover a territory…

According to the 2014-2015 Global Competitiveness Report, the Rwandan government ranks 7th in terms of efficiency in public management. This country is thus in front of nations like Switzerland (9th) or Luxembourg (10th). According to the World Economic Forum (WEF) which published this report, Rwanda's ranking is largely due to the very low level of…

On the occasion of the last Economic Community of West African States (ECOWAS) summit, the heads of state of the zone agreed to the establishment of a regional market for the " Electricity, to respond to the energy deficit that has penalized its 15 member countries for decades (Etienne Bailly, Transco CLSG). Transco CLSG was…

Côte d'Ivoire and the Abidjan Railway Transport Company (STAR) signed an agreement in Abidjan to provide Abidjan, the Ivorian economic capital, with a metro by 2020. Line 1 of the Abidjan metro, about 40 km long, will link the municipality of Anyama (suburbs north of Abidjan) with that of Port-Bouët to the international airport Félix…

The 23rd African Union (AU) Summit in Malabo adopted the statutes of the African Monetary Fund (AMF), a pan-African financial institution with an initial capital of US $ 22.64 billion, Economic development of the continent. This fund will be based in Yaoundé, Cameroon. The fund, set up by the AU's constitutive act adopted in 2000…