CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Airbnb makes reimbursement easier for travelers and hosts

Airbnb is easing its regulations and updating its commercial policy: it will not apply cancellation fees to all guests and travelers around the world until June 1. Since the beginning of the COVID-19 epidemic which rages in the world, Airbnb takes new measures and adapts its system. If, since January, it has made it impossible to book stays in China, the platform is developing new offers for guests.

Airbnb makes reimbursement easier for travelers and hosts

Until now, there were six degrees of cancellations: "flexible, moderate, strict long term, very strict 30 and very strict 60". From now on, Airbnb will highlight the new category, called “More flexible booking”. This makes it easier for users to postpone or cancel their trips. "When a crisis like the coronavirus hits, we know that hosts and guests will be affected. Hosts lose revenue they count on to make ends meet, and customers lose their savings for hard-won vacations. We strive to support both parties and are implementing several actions ”. Airbnb is now waiving the 3% service charge for those who agree to reimburse travelers an amount greater than Airbnb rules. Customers who must cancel a reservation made after March 10 and until June 1, and who cannot benefit from a reimbursement of service fees, will be able to benefit from a travel coupon which can be used at a future stay.

In areas severely affected by coronavirus, full reimbursement may be available in the event of "extenuating circumstances". Despite the refund policy chosen by the host, it will be possible to recover 100% of the amount. Brian Chesky, CEO of Airbnb said "We don't want the customer to feel compelled to travel because they can't get their money back". This health crisis will heavily affect the San Francisco firm and certainly delay its IPO, scheduled for this year.