Facebook

The Pan-African Economy in Brief of 16/02/2017

title..

SENEGAL :


Finance: Senegal is requesting 45 billion CFA on the WAEMU market: "Senegal, via the public treasury, wants to raise 45 billion CFA (about 76,500 million Dollars) through the issuance of treasury bills put in place to the Umoa-Titres Agency based in Dakar, said a statement from the said structure. The unit nominal value is one million CFA with a multiple interest rate. The operation will last 12 months. The value date was set for the 17th of February 2018, the same source reported. The securities issued are redeemable on the first business day following the due date of February 15, 2018. Interest will be paid in advance by deducting them from the nominal value of the warrants ... "


Industrial production in Senegal would have increased by 18.6% in December: "Industrial production in December 2016 increased by 18.6% on a monthly basis, according to the National Agency for Statistics and Demography, NASD. "This increase is mainly attributable to the healthy performance of the food (+ 55.1%), chemical (+ 26.0%), building materials (+ 9.0%) and other manufacturing industries (+ 1.3%), "notes the Harmonized Index of Industrial Production (HIIPI), a monthly publication of the NASD, consulted by the Senegalese news agency ..."


Agriculture: 125 billion CFA to operate 25,000 hectares: "We have concluded and obtained, in connection with the Government of Senegal, in the framework of the company Valnovel Sa, which includes the Unacois, the Podor County Council (22 municipalities ), The Asprodeb-Association of Basic Producers, the Sheikh Oumar Foutiyou Tall Foundation and other partners, the support of the African Development Bank to exploit ... "

 

CAMEROON :


Agroalimentaire: Towards the construction of a production unit for wines and spirits in Cameroon: "The African Food and Beverage Production Company (Saprab Sarl), located in the economic capital of Cameroon, has just been declared eligible for the benefits. The 2013 law providing incentives for private investment in the Republic of Cameroon. According to the economic magazine Investing in Cameroon which relays this information on Wednesday the 15th February 2017, this company will benefit from exemptions ranging from 5 to 10 years, both in the installation and production phases, as part of its construction project, a unit of production of wines and spirits in Cameroon ... "


Forum for Environmental Education and Sustainable Development, FEESD: "The first edition of the International Forum on Environmental Education and Sustainable Development launched by Horizon Jeune et Solidarité en Action pour la Jeunesse of Douala in partnership with Les Francas, and the Town Hall of Dschang ... "


400 million CFA for a roasting and coffee production plant: "The Central Union of Agricultural Cooperatives of the West (CUACW), one of the largest coffee producer groups in Cameroon, plans to invest 400 Million CFA to upgrade its roasting and coffee brewing plant, officials said on Tuesday..."


IVORY COAST :


Agro-business in Ivory Coast: Government announces repayment of subscribers "before end of February": "The Ivorian government announced on Wednesday in Abidjan the reimbursement of subscribers of agro-business companies" before the end of February ", adding that "the lists are being verified", after a Council of Ministers. "The government is ready to start before the end of February, the repayments to the subscribers," said spokesman Bruno Koné, according to whom "the lists are being verified" ... "


Producers in the Man region are supporting the Cocoa Coffee Council: "Motion to support buyers, cooperative societies and producers in the Man region on the Cocoa Coffee Council. We, buyers, union of cooperative societies and producers of the region of Man, are gathered this day in front of the press to bring our firm support to the board of coffee cocoa facing the difficult situation we are going through right now ... "


AfDB and Ivory Coast sign five agreements to finance cross-cutting projects: " Ivory Coast and the African Development Bank, AfDB, signed on Tuesday, financing agreements for five integrated projects to be executed in the region Aries and the Autonomous District of Yamoussoukro and in the Indénié-Djuablin ... "


BURKINA FASO :


Financing of the PNDES: AFREXIMBANK will accompany 15 structuring projects worth 1.5 billion Dollar: "A delegation of the African Export-Import Bank (AFREXIMBANK), led by its President, will stay in Ouagadougou from the 13th to the 15th of February 2017. This visit is a part of the financing of the National Plan for Economic and Social Development, NPESD. During the conference of the partners held in Paris on the 7th and the 8th of December 2016, this Pan-African bank had expressed a intention of financing of 1.5 billion Dollars ... "


Burkina Faso seeks 35 billion Dollar on WAEMU's financial market February 15: "Burkina Faso, through a treasury bill issue this Tuesday, is looking for 35 billion CFA francs on the Union's financial market West African Economic and Monetary Union (WAEMU's), APA learned from the Ministry of Economy and Finance. 25% of the amount put out to tender is in the form of a non-competitive offer to specialists in treasury securities authorized by the issuer, the State of Burkina Faso ... "

 

 

Crédit : IMPERIUM MEDIA