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The Pan-African Economy in Brief of 10/03/2017

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SENEGAL :


Budget support: Senegal benefited from 540 billion CFA in five years: "The Ministry of the Economy, Finance and Planning and the Technical and Financial Partners proceeded yesterday to the annual review of the" Arrangement on Budget Support. It is clear from this exercise that between 2010 and 2015, Senegal benefited from more than 540 billion CFA in budgetary aid ... "


The Association of African Central Banks, AACB, concludes at the headquarters of the BCEAO in Dakar: "The Association of African Central Banks held its first annual meeting at the headquarters of the Central Bank of the States of Africa of the West. The meeting was chaired by Governor of the Central Bank of Nigeria. Tiémoko Meyliet Koné, Governor of the BCEAO, also took part in the meeting ... "


Rural electrification: The President Macky Sall wants to reach a 60% of the rate of access to electricity by the end of 2017: "Senegal plans to reach a 60% by the end of 2017 the rate of access to electricity Rural electrification in Senegal. This is at least the announcement made by the President Macky Sall who proceeded this Tuesday in the 7th of March to launch the work of opening up and making the power grid available in Demette in the heart of the island in Morphil ... "


CAMEROON :


Telecommunications: Telecommunication incomes of 500 billion Dollar: "Cameroon's telecommunications sector has not escaped the gloom that characterized Cameroon's economy in 2015. As in several segments of the economy, the private sector of telecommunications has experienced relatively low growth. According to the statistics published by the Telecommunications Regulatory Agency, TRA, the total reported turnover of all the private operators of the sector is 482.5 billion CFA in the year 2015 ... "


Adamaoua: 460 projects seek financing: "460 projects matured in 2016 by I20 communes of the region of Adamaoua under the aegis of the Commons and United Cities of Cameroon, CUCC, for a total amount of 25 billion CFA francs. The various mature projects were presented to the government and development partners for funding. For the year 2017, FEICOM and the PNDP are committed to financing municipalities in the Adamaoua region for 5 billion ... "


IVORY COAST :


The Dolidol factory of the Moroccan Group Palmeraie Industries and Services is now operational in Ivory Coast: "The Dilidol plant in Abidjan is now operational as well as the marketing of its products in the subregion. It is a polyurethane foam factory and bedding located in Yopougon in the industrial zone of Abidjan. It is built to the most advanced standards in terms of industrial organization, safety, respect for the environment and quality requirements. "Our presence in Ivory Coast reinforces the Group's international development, particularly in Africa. Abidjan is a regional hub that will enable us to serve the subregion, "said Mr. Saad Berrada Sounni, the President of the Palmeraie Industries & Services Group."


Energy in Africa: Kofi Annan presents the latest report of the Africa Progress Panel on Monday in Abidjan: "The former General Secretary of the UN, the chairman of the Africa Progress Panel, APP, Kofi Annan, will present on Monday in Abidjan, the latest report of his organization on energy issues in Africa, report a note from the African Development Bank, received Wednesday at APA ... "


Agro-business: The government appoints a receiver administrator to conduct the repayment operations from the 15th of March onwards: "A receiver administrator has been appointed by the Public Prosecutor to conduct the repayment operations of subscribers of agro- Business which begins in the 15th of March, the Ivorian government at the end of a Council of Ministers ... "


NIGERIA :


The Central Bank wants to let the Naïra float freely: "The Central Bank of Nigeria wants to establish a market-determined Naira exchange rate regime. This is revealed by Reuters which evokes an official plan revealed by the institution that day. The announcement comes in a context where the authorities are under pressure from all sides to allow the Nigerian currency to float freely. According to the plan called "Growth and Recovery Plan 2017-2020", the government is also studying the possibility of lifting the ban on the allocation of foreign exchange to a series of 41 goods and services. This measure was taken by the Nigerian Central Bank to stop the foreign exchange hemorrhage that it was experiencing in a context of economic crisis caused by the fall in oil prices ... "

 

 

Crédit : IMPERIUM MEDIA