SENEGAL :
General Assembly BOA Senegal: Split and dividend by appointment: "After Bank of Africa Burkina Faso (BOABF), Bank of Africa Senegal (BOAS) convenes its AGM with proposals for resolutions concerning a dividend distribution, a capital increase by allocation of bonus shares and a split of title. At the General Meeting called for Thursday the 30th of March, the distribution of a Net Dividend per share of 1000 CFA per share will be proposed to the shareholders. Dividends will be paid as from the 1st of July 2017. In addition, a capital increase of 100% is planned to increase it from 12 billion CFA to 24 billion CFA. This increase will be made by capitalizing the premiums related to the said capital, the optional reserve and the retained earnings. Thus, for each share held, a new share will be granted free of charge. Finally, a fractionation of the BOAS title is provided in a ratio of 1 for 10:
Financial services : The GIM-UEMOA sensitizes the press: "As a part of the development of its activities, the GIM-UEMOA is organizing an awareness-raising meeting for the Senegalese press on Tuesday, the 28th of March , under the theme:" The GIM-UEMOA, a tool for Regional integration and financial inclusion in the service of public-private administrations and populations ". According to a statement, the objective of this meeting is to better make the GIM-WAEMU known to the development actors. The GIM-UEMOA, the regional organization for the governance of electronic banking in the UEMOA zone, was born of the will of the Heads of State and the Council of Ministers of the West African Monetary Union to modernize the payment systems and means in the zone In order to improve the access of the population to financial services and to increase the rate of banking. Set up by the Central Bank of West African States and the Banking Community of the zone in 2003, the GIM-UEMOA ensures the interoperability and the clearing of the operations on behalf of a hundred banks. ... "
197 billion CFA for the Senegalese regional express train: "Amadou Bâ and Bandar Mohammed Hajjar signing the regional express train financing agreement. (Ecofinance.sn - Dakar) - The Minister of Economy, Finance and Planning, Amadou Bâ, signed this Friday, the 24th of March, 2017 in Saudi Arabia with the President of the Islamic Development Bank, Dr Bandar Mohammed Hajjar, an endorsement of the Dakar-Blaise Diagne International Airport Terminal Financing Agreement. According to the text that announces it, the agreement concerns an amount of 197 billion CFA , the highest ever approved by the IDB, in favor of a member country, in sub-Saharan Africa. He underlined the urgent need for the reallocation of resources financed by the IDB and which would be mainly reallocated to the infrastructure component of the project. "This component will now include the design, construction and installation of a dual track, railway infrastructure and all structures connecting the city of Dakar to Diamniadio in Phase I," he said . According to the communiqué, the infrastructure also includes the construction of bridges and associated structures, drainage and sewerage works, construction of all standard and metric rail components, design and construction of maintenance facilities for Infrastructure and rolling stock, as well as environmental protection work. This financing will cover, incidentally, other aspects, notably the control and quality of the works, as well as the financial and accounting audit ..... "
MALI:
Dr Boubou Cissé, the Minister of Economy and Finance: "The banks are already making a lot of effort ...": "Interesting as usual, this framework of consultation is a unique framework for us. Because it allows each time to unite two bodies that are of capital importance for our country and even for our economy. These are the banks and the press, each time discussing topics that are important for the progress of the Malian economy. The subject chosen for the 7th Edition, namely the financing by banks of small and medium-sized enterprises of our country to allow for a strong and inclusive growth is a topical subject today. We have seen that the banks are already making a lot of effort, they are financing the private sector to the tune of 2204 billion CFA. But there is still room for improvement. And I, as a representative of the State, would come out of this meeting with certain ideas, with certain proposals and solutions so that this margin of progress could reach its maximum. And this for the happiness of our economy and for the happiness of Malians women and men. How to go towards the creation of a fund for the financing of companies? There is a private sector guarantee fund that works quite well, but next to this fund, we are going to launch another company that is going to be a venture capital and investment fund so that the most blocking factor vis-à- Vis the banks in relation to the financing of companies which is the availability of short resources and the need for long resources can be high. And this venture capital fund will be able to provide the guarantee to remove this constraint vis-à-vis banks and make the banks much more comfortable to finance our businesses. "....."
World Bank Provides 500,000 Dollar for Extractive Industries Monitoring in Francophone Africa: "The Regional Training Council of the Supreme Audit Institutions of Sub-Saharan Francophone Africa (Crefiaf), based in Cameroon since 1997, has just received a donation of 500,000 Dollar (nearly 300 million CFA) from the World Bank with a view to financing a project relating to the supervision of extractive industries in member countries of the Council. Piloted by the Regional Institutional Strengthening Committee, the executive body of Crefiaf, the initiative concerns eight supreme audit institutions with anchorage in Gabon, Guinea, Niger and the Democratic Republic of Congo. This is a follow-up to the Extractive Industry Monitoring Project in Sub-Saharan Francophone Africa (Pasie), currently funded by World Business Canada for Burkina Faso, Cameroon, Madagascar and Mali. It should be recalled that the objective of all these initiatives is to increase control, transparency and accountability in the extractive sector (exploitation of mineral resources). Their implementation will lead to the emergence in the target countries of an environment conducive to sustainable and inclusive economic growth for all stakeholders, through improved control and monitoring of extractive activities ... . "
CAMEROON:
A bridge will be built between Chad and Cameroon: "The Minepat hosts the 4th session of the Bilateral Committee, held in Yaounde yesterday. The fourth session of the Bilateral Steering Committee for the project to build a bridge over the Logone River between Yagoua in Cameroon and Bongor in Chad and related developments opened in Yaoundé yesterday. The construction of this bridge and its related facilities makes it possible to link the two border towns in order to smooth the economic exchanges between Cameroon and Chad, since it is true that more than an 80% of the volume of goods from Chad pass through the port of Douala , Transported by road. Until tomorrow, it will be a question for the experts of the two countries, to examine the file of consultation of the companies, expected to execute the said project. With an estimated cost of 72 billion CFA , the construction of this infrastructure will be supported by both countries, not to mention development partners such as the African Development Bank and the European Union. The EU, which has also agreed to co-finance this bridge to the tune of 26.2 billion CFA, in the form of a grant. A challenge for subregional integration, which has been widely praised by the countries of West Africa. In the 21st of March 2017 at the Africa Ceo Forum in Geneva, Switzerland, the Algerian businessman Issad Rebrab presented his vision for Africa with a major project making Africa the engine of global growth in the 21st century. He believed that Africa should have a railway spine that would cross it from the South Cape to the Mediterranean for the transport of goods. The lines partly existing in South Africa, this device would originate from Zambia to the ports of Algeria. Rail would be the catalyst for all the continent's economic energies. A network of this size would allow for agricultural and industrial development while many lands are still abandoned, reduce logistics costs too high today, create jobs and ensure growth Sustainable development for all these countries. Africa had 5.5 kilometers of rail for every 10,000 inhabitants in the 1960s. Today this ratio collapsed to 3.8 kms per 10,000 inhabitants. This project of bridge between Yagoua and Bongor could rightly precede the project of building a railway to connect the two countries, Cameroon and Chad, in this African perspective ... "
Crédit : IMPERIUM MEDIA
