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The Pan-African Economy in Brief of 03/02/2017

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CAMEROON:


Smuggling on Dangote cement caused prices to fall in the northern part of Cameroon: "at least 2,800 and 3,500 CFA: It is the price range at which the bag of 50 kg of Dangote cement is sold in the northern regions of Cameroon, compared to 4500 to 4600 CFA in the southern part of the country, reveal sources contacted on the spot. This situation was learned during a recent meeting at the Ministry of Commerce, is the result of the smuggling of the cement of this producer in the northern part of Cameroon ... "


Infrastructure: More than 390 billion CFA from Eximbank-China for the construction of Phase II of Kribi's deepwater port: "The loan from the China Export-Import Bank will be used for the construction of an adjacent wharf of 350 meters and the erection of terminals aluminum, hydrocarbons, liquefied natural gas ... "


Public securities of a maximum amount of 300 billion CFA to be issued for the 2017 financial year: "It was thanks to a decree signed on 1st February 2017 by the President of the Republic, Paul Biya, that the Minister of finance, Alamine Ousmane Mey is authorized to use issues of public securities of a maximum amount of 300 billion CFA for the development projects entered in the law of finance 2017 ... "


IVORY COAST :


In the Sustainable Agricultural Sectors of Ivory Coast (SASIC) program, Financed under the Second Debt and Development Contract (C2d), it is planned to make available to public and private development players, innovative tools for the preservation of resources ... "


In Ivory Coast, for the World Bank, more needs to be done for education: "The Ivorian branch of the World Bank in Abidjan has just delivered a new report on the economic situation in Ivory Coast. Relations with a particular emphasis on the problems of the education system that would be more efficient if the country wants to reach its emergence project in 2020 ... "


Ivory Coast launches a 5 billion CFA fund to support sustainable agricultural innovation: "The Interprofessional Fund for Agricultural Research and Consultancy (IFARC) launched yesterday in the commune of Plateau in Abidjan a fund intended to provide a financial boost to innovative agricultural projects and contribute to the sustainability of agricultural, animal, fisheries and forestry production systems in Ivory Coast..."


BURKINA FASO:


Gender fund, 92 million CFA invested in four women projects: "Four corporate projects received cumulatively the sum of 92,841,250 CFA of the common fund, on Tuesday 31st January 2017 in Ouagadougou. These grants contribute to the objective of the consortium of donors to accompany women start-ups to reduce gender inequalities in Burkina Faso ... "


14.8 million Dollar will be needed to finance the five-year Strategic Plan of the Higher Council of Communication: "In Burkina Faso, the Higher Council for Communication launched its Strategic Plan 2017-2021. The financing of the project requires a rounded budget of 9 billion CFA (8 997 500 000 CFA), or 14.8 million Dollar ... "


Climate change: The ACFAO project to better adapt to current risks: "The International Forestry Research Center (CIFOR) shared with Ouagadougou on Thursday 2nd February 2017 the results of the project:" Forests and Adaptation to climate change in West Africa (ACFAO) ", implemented in Burkina Faso since 2012 ..."


SENEGAL:


The 5th edition of HUB Africa in Morocco: Three startups will represent Senegal: "BAY-TECH, PAPS_APP and THE DANCE HALL are the three Senegalese startups chosen to participate in the 5th edition of HUB Africa, which will take place on 4th and 5th May in Casablanca, Morocco. The three startups attracted the attention of the jury during a pitch HuB in Dakar marking the preparatory phase of this great continental rendezvous through the Road Show 2017 whose objective is to meet and mobilize innovative start-ups, SMCs and other economic operators on the continent ... "

 

 

Crédit : IMPERIUM MEDIA