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The Pan-African Economy in Brief of 09/03/2017

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SENEGAL :


Trade with the outside world: Exports up by 43.4 billion in January 2017: "Exports of goods are estimated at 126.4 billion in January 2017, against 83.0 billion the previous month, an increase of a 52.3% (+43.4 billion), reported to the Economic Forecasting and Economic Studies Branch in its monthly Economic Update for March.This is due to the main exports, including food items with 16, 2 billion, phosphoric acid (+4.1 billion), cement (+3.8 billion) and mineral and chemical fertilizers (+1.7 billion). In terms of food exports, the increase is due to increased sales of fish products, fresh vegetables and groundnut products abroad. According to the source, however, this upward trend was offset by lower exports of petroleum products and crude gold ... "


Reading: launch of a national program of more than 42 billion in April (minister): "Minister of National Education Serigne Mbaye Thiam announced on Thursday in Maka Yop (Koungheul), the launch of a national program Of reading more than 42 billion CFA, in April, to Kaffrine. "I can announce it here in Maka Yop, we decided in April to come to Kaffrine, launch an important program which is the national reading program," he said, indicating that this program will Last 5 years ... "


Economy of the Head of State in the North: 110 billion CFA to electrify 2,800 villages: "It is not less than 1,800 localities that the head of state wishes to electrify for the year 2017. According to him, this objective enters the rural electrification emergency program which will enable Senegal to reach a 60% rural electrification access rate by the end of 2017. "I launched, with the government, 2,000 km of network Medium Voltage (MT) to reach 2,800 localities to electrify of which 1,800 villages for the year 2017 only ... "


CAMEROON :


135,000 Tons of flour to be produced per year: "To remain the leader of the Cameroon market of flour. This is the challenge that the Société le Grand Moulin du Cameroun, SGMC, intends to take up. It has announced an increase in its flour production from this year 2017. This will increase from 120,000 Tons as in the past to 135,000 Tons, an increase of 15,000 Tons. The company's determination to raise production had already been declined at the beginning of the current year ... "


Increase in bank loans: "These loans, which represent an increase of 171 billion CFA in absolute terms and a 5.7 percent increase in relative value over a one-year period, were mainly granted to private companies that concentrate a 71.6% of the total, then individuals for an envelope of 15.1 CFA and public enterprises a 6.6% ... "


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


Ivoy Coast :


Investment: The BOAD will approve a loan agreement of 52 billion CFA: "In order to identify and plan the priority projects of Ivory coast to finance, a mission of the West African Development Bank BOAD) has been staying in Abidjan since Tuesday the 7th of March. The delegation, led by the president of the institution, Christian Adovelande, met with the Minister of the Economy and Finance Adama Koné the same day in his office in Abidjan-Plateau ... "


Launching of the construction of the campus of the University of Grand Bassam: "The construction work on the campus of the International University of Grand Bassam (South East Ivory Coast) at a total cost of 38 billion CFA was Launched by the Ivorian Vice-President Daniel Kablan Duncan on Tuesday in the former Ivorian political and administrative capital. According to the document, "the strategic development plan will be in two Phases. Phase 1 scheduled for 2020 will accommodate 1250 students and cost 21 billion CFA francs. " Phase 2, scheduled for completion in 2025, will "increase the capacity to 3000 and require an additional investment of 17 billion CFA, bringing the total investment to 38 billion CFA" ... "


BURKINA FASO :


1.2 billion CFA to organize the partial municipal elections (INEC): "The total cost of the organization of the partial and complementary municipal elections of the 28th of May in Burkina Faso is evaluated at one billion 200 million CFA, announced the president Of the Independent National Electoral Commission (INEC) Newton Ahmed Barry, following a meeting with political actors and civil society ... "


Public lighting: Soon low energy lamps for certain streets of Ouagadougou: "Burkina Faso is experiencing energy problems. Increasingly, the trend is towards low-energy equipment. It is within this framework that the city of Ouagadougou has registered in a dynamic of change of its bulbs. In order to do this, the city council received the support of the Republic of China Taiwan to renew the light bulbs on five streets of the city. The mayor of Ouagadougou commune and the ambassador of Taiwan signed the financing agreement at the city hall of the capital in the 7th of March 2017 ... "

 

 

Crédit : IMPERIUM MEDIA