Facebook

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

title..

SENEGAL:


Financing of agriculture: BNDE granted 632 million CFA to the Senegalese Diaspora: "The National Bank for Economic Development, NBED, of Senegal is taking advantage of the International Salon of Agriculture, SISA, of Paris to popularize Its portal to the Senegalese Diaspora. An envelope of 635 million CFA has already been granted to the financing of projects carried out by the latter in the framework of the return to the fold through agriculture ... "

Eric Lhomme, Deputy General Manager of the ETUC: The power station will increase by a 37% in electricity production: "Units 1 and 2 of the Bargny plant will increase by a 37% in Senegal. With the construction of the two units, Senegal becomes an important producer in West Africa and better placed to trade electricity with neighboring countries. The Bargny coal-fired power plant allows the basic production ... "

 

Finance: The BCEAO reduces the reserve requirement ratio for banks from 5 to 3%: "The Central Bank of Central African States Monetary Policy Committeehas decided to reduce  a 5 to a 3% the coefficient of minimum reserves applicable to the banks of the Union by reducing it by 200 basis points ... "

 

CAMEROON:


Cameroon - Italy: several partnership agreements signed: "The Cameroonian and Italian governments have signed partnership agreements of 115 billion CFA francs under which several investments will be made in Cameroon, Economy, Planning and Land Management. Unblocked by the Italian bank Intesa Sanpaolo, the funds will be given priority to the construction by the Italian Group Pizzarotti of an industrial area of ​​20 Hectars in Mbankomo (suburb of Yaoundé) ... "

 

Nearly 84 billion CFA donated by FEICOM to decentralized territorial authorities: "Nearly 84 billion CFA have been donated to the Decentralized Local Authorities, DLA, in Cameroon by the bank of the communes, according to the report the annual report 2015 of the Special Inter-Municipal Equipment and Intervention Fund (FEICOM). The money paid by this public service under the Communal Taxes Submitted to Equalization. That is to say, taxes centralized by this bank of communes and redistributed to the CTD according to a distribution key that takes into account various factors , Including their contribution to these revenues ... "

 

The National Social Insurance Fund realized a result of CFA 43.7 billion in 2016: "By adopting the management report and the financial statements for the financial year 2016 of the Caisse Nationale de Prévoyance Sociale on 1 March 2017 in Yaoundé, (CNPS), the administrators of this armed state arm in the field of social security, noted a financial result of 43.7 billion CFA. A performance never reached since June 1967, the date of the creation of the organization, according to these administrators ... "

 

IVORY COAST :


Arrival in Abidjan of the German Minister for Economic Cooperation and Development: "The Federal Minister for Economic Cooperation and Development of the Federal Republic of Germany Dr. Gerd Müller arrived in Abidjan on Tuesday afternoon for a Friendship visit and 48-hour work in Ivory Coast ... "

 

Controversial incarceration in the cocoa crisis: "The pressure of the Coffee-Cocoa Council on buyers and exporters of the sector is rising one notch: one of them, Mr. Ali Darwiche, is being sued for arrears of payment to several cocoa farmers in the department of Akoupé, indicates the complaint of the CCC consulted by Jeune Afrique. He has since been detained ... "

 

Top Sassandra: The Regional Council adopted its budget: More than 3 billion CFA adopted: "The conference room of the Regional Council of Haut Sassandra hosted its first extraordinary meeting of the year 2017 on Saturday the 25th of February. The President of the Regional Council of Haut Sassandra, Professor Alphonse Djédjé Mady, the Council adopted its budget for the year 2017, amounting to three billion one hundred and ninety-six million nine hundred and sixty-seven thousand (3,196,967,000 CFA) divided into nine hundred and fifty million three hundred and fifty-six thousand (950,356,000 CFA) for operations and two billion two hundred and forty-six million six hundred and eleven thousand CFA (2,246,611,000 CFA) under investment ... "

 

BURKINA FASO:


Bamboo Bihoun, elected president of the National Union of Cotton Producers: "Bihoun Bambou is the new president of the National Union of Cotton Producers of Burkina Faso (UNPCB), APA said on Wednesday. Producer of cotton from the commune of Béréba (West), he was elected the day before, Tuesday in Bobo-Dioulasso, unanimously delegates of the 28 provincial unions members of the UNPCB ... "

 

Oil prices were down sharply in New York at 52.61 dollars a barrel: "Oil prices fell sharply on Thursday under a number of elements deemed ominous on a sharp reduction in world supply, Russia, the Organization of Petroleum Exporting Countries, OPEC, or the United States. The price of a barrel of "light sweet crude" (WTI), US benchmark, crude declined from 1.22 Dollar to 52.61 Dollar on the contract for delivery in April to the New York Mercantile Exchange (Nymex) ..."

 

Development in Burkina Faso: The EU provides budget support of more than 76.746 billion CFA: "In support of food and nutrition security, sustainable agriculture and resilience in Burkina Faso, The Commission of the European Union accompanies the country with budgetary support worth more than 117 million euros, more than 76.746 billion CFA francs ... "

 

 

Crédit : IMPERIUM MEDIA