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  • The Pan-African Economy in Brief: Friday, April 28, 2017

The Pan-African Economy in Brief: Friday, April 28, 2017

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SENEGAL:
Increase in the index of services' turnover: "The index of services' turnover in Senegal increased by 8.6% at the end of the first two months of 2017 compared with the same period in 2016 according to a note from the Directorate of Forecasting and Economic Studies (DPEE) received at APA on Wednesday..."

Natural resources in Senegal: British Petroleum (BP) becomes majority shareholder of gas: "British Petroleum (BP) has just raised its investment in Senegal to 30%. BP acquired all of the minority interests that Timis Corporation holds in two blocks off Senegal, St. Louis Deep and Cayar Deep. This acquisition is subject to the approval of the Government and follows the entry of BP in Mauritania and Senegal by means of an agreement with Kosmos Energy, announced in December 2016. At the conclusion of the agreements, participations in the Senegalese blocs will be similar to the parallel partnership in Mauritania..."


CAMEROON:
33 billion from Japan for a road between Cameroon and Congo: ""Japan has just granted a loan of 33 billion CFAF to Cameroon as part of the financing of the second phase of the Sangmelima (Cameroon) and Ouesso (Congo) roads," announced on Tuesday the Ministry of Economy, Planning and Land Planning (MINEPAT)..."

Far-Nord: 4.5 billion for projects with fast impact: "All the 47 municipalities in the Far North region are now eligible for quick-impact projects set up by the Ministry of Territorial Administration and Decentralization (MINATD) at the beginning of the 2017 financial year. An envelope of 4.5 billion CFAF has just been cleared through the Intercommunal Special Intervention Fund (FEICOM) in order to finance basic social projects in several sectors, in addition to the ordinary emergency fund housed in the bank of the communes..."

Food Safety: About 57 billion CFAF invested by the AfDB to boost the Cameroon's agriculture: The hand of the AfDB (African Development Bank) intervenes within the framework of a project officially launched by Cameroon in Yaoundé on Monday, April 24, 2017. It is a project of the development of agricultural value chains, which will consist in providing financial and even technical support to the peasant organizations and other young people in the agribusiness world. The said project, which is to extend for a period of five years, should eventually ensure food security in the banana-plantain, palm oil and pineapple sectors..."


IVORY COAST:
The Attijari Group will help to create two investment funds of nearly 5 billion Dollars to finance the tourism: "The investment bank of the Moroccan group Attijariwafa Bank will help Ivory Coast to develop two investment funds in order to finance its tourism sector. The announcement was made by the Ivorian tourism minister Siandou Fofana during a meeting of the Club Africa Development organized on Thursday, April 20, 2017..."

Finance: Towards the creation of a bank of Ivorian officials: "The members of the savings and credit mutual of the Officials of Ivory Coast (MUCREF-CI) were meeting in general assembly in Treichville on April 26th to present the balance sheet for the year ended on December 31st, 2016, and to see to what extent to make the said mutual a bank..."

Mobile 360: the GSMA launches its development project in West Africa from Abidjan: "The GSMA, the Global System for Mobile Association grouping with more than 850 mobile operators, has chosen Abidjan to launch its development project in West Africa called "Mobile 360 Series"..."


BURKINA FASO:
Two new laws to promote SMEs and better regulate the competition: "During its plenary meeting on April 27th, 2017, the national assembly has adopted, unanimously of the 100 voters of the day, two legislation drafts. The first one is on the promotion of small and medium-sized enterprises in Burkina Faso and the second concerning the organization of the competition in Burkina Faso..."

Burkina Faso turned towards the energy mix through the Africa Renewable Energy Week: ""Burkina Faso, resolutely committed towards the energy mix in recent years, will host in Ouagadougou from 2 to 7 May the Week of Energies and Renewable Energies of Africa (SEERA)," announced, in Xinhua, on Tuesday, the national organizing committee. The demonstration will take place under the theme "Promotion of energy mix and energy efficiency for sustainable access to energy for all"..."

 

 

Crédit : IMPERIUM MEDIA

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