NIGER:
30 Billion CFA Francs from the World Bank to Raise the Rate of Electrification in Niger: "The World Bank has provided Niger with funding of about 50 million Dollars, i.e. 30 billion CFA Francs, with a view to increasing the rate of access to electricity thanks to the solar in all regions of the country, especially in rural and peri-urban areas..."
SENEGAL:
Banks: Bceao Lists 1,057 "Dormant Accounts" in Senegal: "Have they died or are they just rich enough to forget that they had an account in a bank? The Central Bank of West African States (BCEAO) is looking for the owners of 1,057 bank accounts whose cumulative amount does not exceed one billion CFA Francs. Called "Dormant Accounts", they have not experienced any movements (deposit or withdrawal) for at least eight years, revealed the National Director of the BCEAO, Ahmadou Al Aminou Lô, in the margins of the second quarterly meeting between the National Directorate of the BCEAO and the Directors-General of Banks and Financial Institutions of Senegal on the assessment of the situation of the Banking sector. The question of these "dormant accounts", like other files, was at the heart of the exchanges. Bceao decided that banks will now have to declare and then transfer the accounts in question so that it manages them itself through a well-defined mechanism. "We have discussed with the banks ways and means to start this system effectively. When an account has not experienced movements over an eight-year period, we consider it a dormant account. At the moment, we ask the bank to go in search of the client owner by all means for two years," explained Mr. Lô..."
The Budget of Senegal Will Reach 3720.25 Billion CFA Francs: "In total, revenues in the 2016 budget increased by 15%, passing from 2026.1 billion in 2015 to 2334.6 billion, mainly attributable to the significant increase in budgetary revenues (+15.23%). "In 2016, 58 financing agreements were signed, bringing the number of conventions signed since the Paris advisory group to 198 for a mobilized amount of 3,486 billion, including 89.7% in concessional borrowing and 10.3% in subsidies. In general, expenditure stood at 2704 billion by the end of 2016 against 2411.5 billion by 2015, i.e. an increase of 12%. Poverty has declined," said Ba. As of May 31, 2017, the budgetary resources were recovered to the tune of 1074.13 billion, 767.9 billion internal revenues, and 304.23 billion external resources destined for the financing of public investment projects and programs. That is to say 70% of the forecasts of draw for the year 2017 carried out in 5 months. This makes it say that the dynamism of the Senegalese economy should consolidate itself with a growth rate of gross domestic product (GDP) real projected to 7% against 6.8% in 2017..."
IVORY COAST:
NSIA Bank Launches a Public Offering of 34 Billion CFA Francs, Which Is 20% of Its Capital: "NSIA Bank announced in Abidjan, Ivory Coast, on Tuesday, June 27, 2017, a Public Offer of Purchase (OPV) of an overall amount of 34 billion CFA Francs (approximately 52 million Euros), leading to the IPO of 20% of its capital. This is a purchase at a unit price of 9,000 CFA Francs, from July 3 to 13, of more than four million (4,000,000) shares, of which more than 840,000 ceded by the State, which is totally disengaging from this bank, learned from a colleague of the online press, La Libre Afrique. The first listing on the Regional Stock Exchange (BRVM) is scheduled for the first week of September. The transaction will be conducted by the Hudson Management and Intermediation Company (SGI) chief of the trade union file of Investment..."
BURKINA FASO:
The State Companies Have Achieved a Cumulative Positive Net Result of 111.502 Billion in 2016: "The 20 or so companies and public enterprises in Burkina Faso have achieved a cumulative positive net result of 111.502 billion in 2016 against 82.452 billion CFA francs in 2015, an increase of 35.23% between 2015 and 2016, underlines a report released in Ouagadougou on Thursday. In terms of rates and taxes, the state-owned companies have contributed to the state budget, the sum of 215.215 billion CFA Francs in 2016 against 196.253 billion CFA francs in 2015, an increase of 18.962 billion CFA Francs, stresses on the report published on the occasion of the 25th General Assembly of State Societies (AG-SE)..."
Crédit : IMPERIUM MEDIA
