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The Pan-African Economy in Brief of 24/02/2017

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GUINEA :


Diplomacy: His Majesty the King Mohammed VI arrived this Thursday at the end of the day in Conakry: "The king Mohammed VI arrived on Thursday at the end of the day in Conakry for a two-day" working and friendship visit "His majesty the King Mohammed VI has been welcomed on his descent from Lusaka by Guinean Head of State Alpha Condé, who is also the current chairman of the AU. "


The AfDB approves the opening of a national office in Conakry: "The African Development Bank will shortly open a national office in Conakry. The decision has just been approved by the Board of Directors of the pan-African financial institution. According to the Minister of Planning and International Cooperation, Mama Kanny Diallo, a mission of the Directors of the African Bank will also stay in Guinea from the 25th of February ... "

 

IVORY COAST:


The Moroccan King in Abidjan for a five-day visit: "The King of Morocco, Mohammed VI, is expected in Abidjan on Friday for a five-day official visit," said the AIP from a source close to the Ivorian Foreign Minister. For the second time, the Shereefian king, who is making an official visit to the edge of the Ebrié lagoon in two years, has begun a journey in sub-Saharan countries since his return to the African Union ... "


Cocoa sector in crisis in Ivory Coast: The government decides on an audit of the marketing system: "The Ivorian government announced on Wednesday several measures including the setting up of an interministerial committee to accelerate The process of returning to standardization and to carry out an audit of the marketing system of the Coffee-Cocoa Council. In a statement on the slowdowns observed in the marketing process for the 2016/2017 cocoa season, Mamadou Sangafowa Coulibaly, Minister of Agriculture and Rural Development, attributed this to the "default" of certain contracts and to the 'undervaluation' of production on the main season, for a cumulative volume of around 350,000 Tons ... '


"The Minister of National Education, Technical Education and Vocational Training, Kandia Camara, has revealed that a 83% of the state budget devoted to national education is devoted to wages" (Minister) On Thursday, that ''a 83% of the state budget' 'devoted to national education is'' devoted to wages' '. Camara made this statement during the restitution of the educational component of the 4th World Bank report on the Ivorian economy to the partners of the national education, in particular, the local communities, the actors of the civil society, the kings and chiefs Traditional. "


MALI :


Malian-Moroccan Cooperation: His Majesty the King Mohamed VI's visit postponed without fixing a day: "Initially planned for Wednesday, the 22nd February 2017, the visit of the Moroccan King of Morocco, Mohamed VI, to inaugurate a hospital and a training center was postponed at a later date…"


Consultation on the draft budget 2018: The Good control of public finances on the menu of exchanges: "Yesterday, Thursday the 23rd February, the Azalai Salam Hotel served as the framework for the launch of work of the Consultation Workshop on the development of the project of State Budget 2018. The event was chaired by the Minister of Economy and Finance, Dr Boubou Cissé, who had at his side National Budget Manager Sidiki Traoré, the World Bank's resident representative at Mali, among others ... "


The National Observatory on Employment and Training: The AWPB 2017 estimated at 747.2 million CFA: "The Minister of Employment and Vocational Training, Mr. Mahamane BABY, chaired the work of the 4th Ordinary Session of the National Observatory on Employment and Training, NOET, on Thursday the 23rd of February 2017, to the National Council of the Patronage of Mali, NCPM, ... "


CAMEROON :


Economy Climate change: Heat causes SOSUCAM to lose 10 billion CFA: "The heavy heat that poured into Cameroon last year was not without consequences on agricultural production in general and on the production of The Sugar Corporation of Cameroon (SOSUCAM) in particular. The CEO of the sugar giant, Louis Yinda, who issued his new 2017 wishes to the press last Friday in Yaoundé, talks about financial losses in the order of 10 billion CFA recorded by the company during the campaign Sugar 2015-2016 ... "


Finance: AFD's 145 billion CFA in 2016: "The financing of the French Development Agency, FDA, in Cameroon in 2016 amounts to 145 billion CFA, it was learned Monday from sources concordantes . These commitments are 7 % higher than in 2015 and result in the signing of new financing agreements during the year just ended. Projects supported by the Agency include infrastructure development, access to essential services for the development of sustainable cities, development of family farming, support for job-creating enterprises ... "


Business: Discover the Cameroonian industrialist who builds a 2 billion CFA tourism complex in his village in West Cameroon: "The small locality of Nkep, near Bangou, in the West Region of Cameroon, is preparing To become a tourist destination. In this village which saw him born, the Cameroonian industrialist Francis Nana Djomou, head of Biopharma, a cosmetics company, leader of the Cameroonian market and which now boasts a presence in 22 countries, builds a gigantic tourist complex ... "


SENEGAL :


The NOMT sets up its first office in sub-Saharan Africa in Dakar: "This office will help to" reinforce tourism cooperation, notably in the areas of training, communication and participation in international fairs ", according to the director of the ONMT, Mr. Abdrrafia Zouitene. It will also contribute to "improving flows between the two countries, notably on the Dakar-Fez line (...)", especially since "nearly 70 000 Senegalese visit Morocco each year, a large part of which travels to Fez , to the Zaouia Tidiane ". Senegalese Minister of Tourism and Air Transport, Maïmouna Ndoye Seck, for her part, declared on this occasion that "it is without doubt that the Senegalese authorities in charge of tourism will draw inspiration from the Moroccan experience to reach the Target of 3 million tourists, by 2020 "...".


BENIN :


Opening of a new bank in Benin: Coris Bank International to accelerate development: "A new bank has just set up in Benin. This is Coris Bank International which launched its activities on Wednesday, the 22nd of February 2017 in Cotonou. It is an institution that intends to work otherwise ... "


Benin and the IMF conclude a three-year economic program of 150 million Dollar: "The IMF and the government of Benin reached an agreement on a three-year economic program in the amount of about 150.4 million Dollar, announced Wednesday in Cotonou Norbert Toe, head of the IMF delegation. This three-year economic program, Mr. Toé continued, has the main objectives of creating more fiscal space, refocusing policies on sustainable and inclusive growth and improving the business climate ... "


The budget of the State of 2017, implemented in 2010: "With a record amount of 2010 billion CFA, Benin's budget, management 2017, is launched for implementation, Yesterday, Friday, said Beninese Finance Minister Romuald Wadagni..."


BURKINA FASO :


Promotion of agricultural products: actors dissect the quality of local rice: "The Inter-Trade Committee for Rice of Burkina (CIR-B) held a press conference on Wednesday the 22nd of February 2017 in Ouagadougou, to raise awareness of the products of And share the results of research on the different assets ... "


Burkina Faso: a surplus balance of payments of 283.6 billion CFA in 2015: "Burkina Faso's balance of payments surplus in 2015 was 283.6 billion CFA, after a deficit of 132.9 billion CFA 2014, announced on Tuesday in Ouagadougou, the Central Bank of the States of West Africa, CBSWA ... "


NIGERIA :


The government must reduce taxes to stimulate the development of aquaculture, NCPA: "In 2016, Nigeria produced 370,000 Tons of catfish, says the president of the Nigerian Catfish Production Association, NCPA, Tayo Akingbolagun. This production has generated more than 175 billion Naira (556 million Dollar) ... "


Nigeria is committed to supporting young farmers through 300 million Dollar loan program: "The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIBRSSAL), a division of the Central Bank of Nigeria (CBN), Launched 300 million Dollar young farmers' loan program to support the development of agribusiness in Nigeria ... "


KENYA :


Kenya is on the verge of concluding an 800 million Dollar syndicated loan with four banks: "Kenya is about to sign an agreement for an $ 800 million syndicated loan with four foreign banks," the agency said Bloomberg in the 20th of February, According to sources that is close to the case ... "


Kenya will import 450,000 Tons of yellow maize from Ukraine: "The Kenyan government has announced the import of 450,000 Tons of yellow maize, 5 million bags from Ukrainian private companies for a total of 119 Million. The purchase will be based on a price per Ton between 260 Dollar and $ 270. It will supply the supplies of yellow corn entering the cattle feed ... "

 

 

Crédit : IMPERIUM MEDIA