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The Pan-African Economy in Brief of 27/03/2017

SENEGAL : 197 billion CFA for the Senegalese regional express train: Amadou Bâ and Bandar Mohammed Hajjar signing the regional express train financing agreement Amadou Bâ and Bandar Mohammed Hajjar signing the regional express train financing agreement (Ecofinance - Minister of Economy, Finance and Planning (MEFP), Amadou Bâ, signed this Friday, March 24, 2017 in Saudi Arabia, with the President of the Islamic Development Bank (IDB), Dr. Bandar Mohammed Hajjar, an addendum to the financing agreement for the Dakar-TER International Airport Express (DBTB) project. According to the text announcing the agreement, the agreement covers an amount of 197 Billion CFA, the highest ever approved by the Bid in favor of a member country in Sub-Saharan Africa, and highlights the urgent need for the reallocation of resources financed by the Bid, Reaffirms The infrastructure component of the project. "This component will now include the design, construction and installation of a dual track, railway infrastructure and all structures connecting the city of Dakar to Diamniadio in Phase I," he said. According to the communiqué, the infrastructure also includes the construction of bridges and associated structures, drainage and sewerage works, construction of all standard and metric rail components, design and construction of maintenance facilities for Amadou Bâ and Bandar Mohammed Hajjar signing the regional express train financing agreement (Ecofinance - Minister of Economy, Finance and Planning MEFP), Amadou Bâ, signed in Saudi Arabia this Friday, the 24th of March , 2017, with the President of the Islamic Development Bank (IDB), Dr. Bandar Mohammed Hajjar, an addendum to the financing agreement for the Dakar-TER International Airport Express (DBTB) project. According to the text announcing the agreement, the agreement covers an amount of 197 Billion CFA francs, the highest ever Sub-Saharan Africa, and highlights the urgent need for the reallocation of resources financed by the Bid, Reaffirms The infrastructure component of the project. "This component will now include the design, construction and installation of a dual track, railway infrastructure and all structures connecting the city of Dakar to Diamniadio in Phase I," he said. According to the communiqué, the infrastructure also includes the construction of bridges and associated structures, construction of all standard and metric rail components, design and construction of maintenance facilities for infrastructure and rolling stock, as well as environmental protection work. This will involve the construction and rolling stock, as well as environmental protection work. This financing will cover, incidentally, other aspects, notably the control and quality of the works, as well as the financial and accounting audit ..... " MALI: INNOVATION OF BANKING TECHNOLOGY: BNDA Mobile operational for customers: This new product allows customers to make transactions such as balance, survey, transfer without moving. The launch took place last Monday at the headquarters of the banking institution during a press conference, chaired by the CEO, Mr. Moussa Alassane Diallo. The National Bank of Agricultural Development is a leading banking institution in Mali, both through its shareholding and its mission. It has in the continuity of actions already committed to promote the access of its customers to its banking services, decided to implement its BNDA Mobile solution. The solution with its different products is based on the development of mobile telephony throughout the country and will allow customers to access the services of the NBAD anywhere and this 24/4 and 7/7. This new innovation of the NBAD allows the customer to consult his balance, consult his statement, make transfers either to another account or to another customer ... " IVORY COAST: Abidjan: "The 5th edition of the Africa CEO Forum opened in Geneva, Switzerland, on Monday under the theme of reinventing the African business model. In his opening remarks, Amir Ben Yahmed, President and founder of the Forum, explained the urgent need to rethink the African business model as the continent's average growth continues to fall. "More worryingly, the two main economies of the continent, Nigeria and South Africa, are notoriously affected," he said. In a speech read on his behalf, the President of the African Development Bank (AfDB) Group, Akinwumi Adesina, challenged governments to fully accept the potential and provide incentives to the private sector to stimulate growth Economic growth and lift millions of people out of poverty. For him, "economies must behave like a bird with two wings: the public and private sectors must act synchronously. "More than 1,100 participants from 43 countries, including 40 ministers and two heads of state attended the CEO Forum this year. The Forum is organized by the Jeune Afrique Group, in partnership with the AfDB, and Rainbow Unlimited. .... "     Crédit : IMPERIUM MEDIA

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