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The Pan-African Economy in Brief of 23/03/2017

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SENEGAL :

Fraud on bank cards: "A group of six young people, all sons of very famous personalities, domiciled between Nord Foire and Grand Dakar and in tune with the intricacies of e-commerce, were arrested on 8 March last and deferred last week by the Urban Safety Of Dakar. According to sources close to the survey, these young people managed to draw tens of millions to bank customers. This is a new phenomenon in relation to bank cards and online purchases. The process consists of photographing or recording the last four digits of the credit cards they communicate to their associates in Senegal or abroad. The latter manage to make purchases at a number of merchant sites. Once the product is delivered to fraudulent buyers, the band of buddies resells the product at a low price. Many Senegalese, according to our sources, were victims of this fraudulent practice before the police dismantled the network ... "

Kabirou Mbodje bought the Libyan bank SIAB in Togo: "This banking establishment based in Lomé is a subsidiary of the Libyan Foreign Bank holding company, majority and strategic shareholder of the BCN and BCB banks (Commercial Bank of Niger and Commercial Bank of Burkina). First hand in possession of Confidential Africa, confirm the acquisition of the SIAB (Inter-African Society of Banks) by the group Wari .... "

The Justice Department is organizing a meeting to validate the study carried out by the Cabinet "Carapaces" as a part of the dematerialization of the Registry of the Ministry of Justice on Thursday at 9 AM at the Fleur de Lys hotel (avenue Jules Ferry). (RCCM). "As a part of the reforms concerning the improvement of the business environment, the Ministry of Justice, in partnership with APIX and Gainde 2000, has initiated a dematerialization procedure" Of the RCCM, according to a communiqué reached by the APS ... ".

MALI:

57 billion Dollar for Africa: "This is a substantial envelope that the World Bank announced on Sunday 19 March to have made available to the countries of sub-Saharan Africa. 57 billion Dollar will be injected over a period of three years into various investments. Most of this amount, 45 billion Dollar, will come from the International Development Association (IDA), its agency that grants zero-rate grants and credits to the poorest countries. 8 billion Dollar will be made up of private financing through the International Finance Corporation (IFC), another branch of the World Bank, and 4 billion Dollar from the International Bank for Reconstruction and Development (IBRD), The bank's subsidiary dedicated to middle-income countries, the statement said, quoting President Jim Yong Kim. 448 projects already underway on the African continent will benefit from these new funds made available by AID. They are mainly in the fields of education, basic health services, clean water and its treatment, agriculture, business climate, infrastructure and institutional reforms .... "

IVORY COAST:

Towards a lowering of the minimum price for cocoa producers? "After a steady increase over the last four years, will the minimum price for cocoa producers decline for this intermediate season in April? This is what the Cocoa Coffee Council, CCC, suggested in its recent message to Ivorian producers. "In October, the price in London was 1,700 CFA but today it is 1,200 CFA. This situation will mean that the producer price of the intermediate campaign will also decrease, "says the regulator of the sector ...."

CAMEROON:

Cameroon and Chad: AfDB and EU to reinforce infrastructure linking the two countries: "Experts from the African Development Bank and the European Union, Cameroon and Chad, pledged to reinforce road infrastructure to improve exchanges between the two countries, it said on Wednesday. The mission focused on two projects that contribute to the regional integration: the construction of the bridge Border between Yagoua (Cameroon) and Bongor (Chad) and the development of a railway between Ngaoundéré and Ndjamena. The representatives of the AfDB and the EU expressed their satisfaction with the progress of the project Of construction of the border bridge to connect the cities of Yagoua and Bongor ... "
Some 100 professors needed to fill the deficit in the Bounkani (DRENET): The allocation of about 100 teachers was deemed necessary to fill the deficit in teachers in the Bounkani region, according to the regional directorate of education, Education of this constituency. At the conclusion of the work of the fourth workshop of the symposium led by the principal of the Moderne de Bouna college, Ouattara Batiémoko, on reflections on the status of the teaching staff in Bounkani, a total deficit of 110 secondary teachers . "Such a deficit appears to be one of the main factors in the backward performance so much criticized by international organizations such as the World Bank through its latest report on the system," said Ouattara ... "

UGANDA :

Coffee exports rose by a 46% in February: "In February, coffee exports reached 397,883 bags (1 sack = 60 kg), an increase of 46%, Compared to last year at the same time (271,941 bags), as reported by the Uganda Coffee Development Authority, UCDA, the regulator of the sector has been attributed to an increase in yields due to the maturity of new trees, Uganda is a cultivator of both the Arabica and Robusta varieties, and the country is the second largest Producer of coffee in Africa, after Ethiopia, produced 4.5 million bags by the US Department of Agriculture (USDA) at the end of the previous season. Production of 3.7 million bags of coffee for this campaign, because of the biennial cycle of cultivation that alternates years of abundant harvest and less production .... "

 

Crédit : IMPERIUM MEDIA