The World Bank recently made a significant change in the poverty threshold for low-income countries, raising it from $2.15 to $3 per person per day. This adjustment translates to approximately 1,717.5 West African CFA francs daily. The new threshold also impacts countries classified as lower-middle-income and upper-middle-income. This update has far-reaching implications for millions living
The decision by Rwanda to withdraw from the Central African Economic and Monetary Community (CEEAC) sent shockwaves across the region. Accusing the organization of being “instrumentalized ” for political purposes, Kigali pointed fingers at the Democratic Republic of Congo (DRC) and some member states for deviating from the original mission. Imagine a bustling meeting room
What mid-term assessment can we make of the Cohésion sociale des régions nord du Golfe de Guinée (COSO) project, which came into effect in early August 2022? This question prompted the team responsible for its implementation to hold a workshop in Grand-Bassam. The purpose was to reflect on achievements so far and strategize for the
The Russian economy is facing a stark divergence as businesses associated with President Vladimir Putin’s military actions in Ukraine flourish, while other sectors battle resource shortages. The significant investment in the conflict has led to a concentrated growth within the military-industrial complex, highlighting a concerning imbalance that underscores the Kremlin’s readiness to prolong the war.
A cherished dish in Japan, curry has recently become a symbol of struggle for many curry shop owners across the country. The past year witnessed a staggering increase in closures among these beloved establishments due to the relentless surge in rice prices. According to a report by Tokyo-based research firm Teikoku Databank, thirteen curry shops
Helen Zille, a prominent figure in South African politics, is contemplating a significant move that could potentially reshape the landscape of Johannesburg. The Democratic Alliance’s Federal Council Chairperson is considering taking on the role of Johannesburg mayor. This decision has sparked curiosity and speculation among political circles and citizens alike. Zille’s illustrious career includes serving
The United States recently issued a travel advisory warning to its citizens about the risks associated with travelling to South Africa. The advisory, published by the Department of State, highlights concerns over violent crime, kidnappings, terrorist attacks, and civil unrest in the region. This cautionary message aims to safeguard the well-being and interests of U.S.
Major payment platforms Visa and Mastercard are encountering fierce competition from the rise of cryptocurrency, particularly in South Africa. Financial experts Wiehann Olivier and Dinesh Gurlal shed light on how digital currencies, like stablecoins, are reshaping the financial landscape globally. “Increasingly, people and businesses are opting for digital money over traditional cash or cards,” noted
Car enthusiasts and eco-conscious individuals have a reason to rejoice as Chery, the renowned automobile manufacturer, has recently introduced its latest marvels – the Omoda and Jaecoo hybrid electric SUVs in the vibrant market of South Africa. This unveiling marks a significant milestone for Chery and sets a new benchmark in the automotive industry. The
The Bank of Africa (BOA) Mali, a part of the Moroccan banking group BMCE Bank, witnessed a significant 91.18% increase in profits during the first quarter of 2025 compared to the same period in 2024. The bank, headquartered in Bamako, reported a jump from 1.580 billion FCFA (2.686 million dollars) on March 31, 2024, to