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The Pan-African Economy in Brief of 08/03/2017

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SENEGAL :


The President's big projects worry the IMF: "The major projects of the Head of State and their financing are really worrying the International Monetary Fund, IMF. Their impact on the already heavy public debt risks dragging the country's debt level into a delicate situation, alerting the institution ... "


70.8 billion Dollar for the cleaning up of 10 cities: "The President of the Republic, Macky Sall, has been conducting an economic tour in the regions of Louga, Saint-Louis and Matam since yesterday. This visit, which is a part of the ongoing evaluation of the Emerging Senegal Program, ESP, will be an opportunity for the head of state to appreciate the many achievements in the sectors of agriculture, hydraulics, infrastructure and Development of Local and Regional Authorities (PUDC) ... "


EDF launches its capital increase of 4 billion: "The EDF bails out its own funds. After obtaining a visa from the Autorité des Marchés Financiers, AMF, the public utility announced on Tuesday morning the launch of its capital increase "in the amount of approximately four billion Euro," according to a press release Published this morning. The public electrician said that this call for a contract, which includes a period of negotiation of the preferential subscription rights granted to the current shareholders, will be based on three new shares for every ten existing shares ... "


CAMEROON :


5000 billion CFA in turnover for banks: "The total balance sheet of banks which is the equivalent of their turnover in Cameroon amounts to 5054.9 billion CFA for the year 2016, said on Tuesday to the National Council of Credit, NCC. The examination of the situation of the Cameroonian banking system made up of 14 establishments, made it possible to observe, in general, an evolutionary curve of the figures ... "


"The British operator Bowleven PLC, which operates in the Cameroonian offshore oil and gas fields of Bomono and Etende, warned its shareholders against the attempt to make a public offer (COP) of its shareholder Crown Ocean Capital, COC, a private investment holding company based in Monaco and which holds a 11% of its capital ... "


The government must pay 1,200 billion CFA in salaries and pensions in 2017: "According to the figures published in The Daily Economic, the Cameroonian State will spend 1200 billion CFA to the salaries of active agents and retirement. "In 2016, the State's expenditure already stood at 955.2 billion CFA. And that's not all: we must add the 2015 billion CFA devoted to retirement pensions. Here again, there is an increase of 11 billion CFA, since this item only showed 194 billion CFA a year ago, and 183 billion CFA in 2015 ", reads in the publication of the 7th of March, 2017 ... "


IVORY COAST :


Launch of the activities of the FADCI-SSA project for the maize sector: "The activities of the corn sector, within the framework of the project to support the construction of a national system for the control of food safety safety, FADCI-SSA) are at the center of an open workshop in Abidjan on Tuesday ... "


Launching of the construction of the campus of the University of Grand Bassam at a cost of 38 billion CFA: "The construction of the campus of the International University of Grand Bassam (South East Ivory Coast) 38 billion CFA were launched Tuesday by the Ivorian Vice-President Daniel Kablan Duncan, the APA noted on the spot in the former political and administrative Ivorian capital ... "


Ivory Coast and China hand in hand to fight against the problem of drinking water in Abidjan: "Abidjan records a serious lack of drinking water. People regularly suffer from untimely cuts in running water. Also, Ivory Coast and China joined together on Sunday, the 5th of March, to resolve this rather recurring problem ... "


BURKINA FASO :


Injaro realizes its exit from the capital of the largest seed company in Burkina Faso: "Injaro Investments, the manager of the IACHL social impact fund, announces in the 7th of March, 2017, the sale of its a 30% stake in NAFASO SA, the founders and other shareholders. This sale represents a full exit of Nafaso after four years of investment ... "


Burkina Faso / ICT: World Bank Supports 20 Million Dollar: "The Burkina Faso government concluded a loan agreement with the World Bank on Friday of about 11 billion CFA for the e-Burkina project, which is part of the implementation of the National Plan for Economic and Social Development, NPESD... "

 

 

 

Crédit : IMPERIUM MEDIA