ANGOLA:
17.6% of loans granted by the banking system were outstanding at the end of 2016: "In Angola, the outstanding loans amounted to 639 billion kwanzas ($3.8 billion), at the end of 2016, representing 17.6% of the funds lent by the banking system to all economic agents, announced on Wednesday the governor of the Central Bank, Valter Filipe da Silva. In a statement marking the opening ceremony of the Conference on Banking Regulation and Supervision in Angola, held in Luanda, the monetary official revealed that the loans granted to the economy were 3619 billion kwanzas ($21.7 billion). The head of the National Bank of Angola (BNA) reported that at the end of the period under review, 29 banks were operating on the 30 licensed banks, the rate of utilization of banking services is 59% while the entire banking system had 6 million customers..."
MALI:
Mali is expected to experience a 5.3% growth this year (IMF): "According to the International Monetary Fund, the Malian economy is expected to grow by 5.3% this year and increase by 5% in 2018. This performance will be driven by the results achieved by the agricultural sector and public expenditure. The inflation rate is expected to reach 1% by the end of the year and 1.4% by 2018, according to an IMF statement quoted by Reuters. However, according to the Bretton Woods institution, the uncertainties associated with the country's security situation could undermine these forecasts. IMF also says that the Malian authorities have reaffirmed their commitment to reduce the fiscal deficit to 3% of the country's gross domestic product by 2019, in accordance with the standard established by the West African Economic and Monetary Union (WAEMU) in this field..."
SENEGAL:
Energy and Tics: The World Bank grants over 36 billion CFA Francs to Senegal: "On June 30, the World Bank approved an appropriation of 54.9 million Euros ($60 million), more than 36 billion CFA Francs in Senegal to improve governance and management of the energy sector, according to a statement from the financial institution. This operation will also support institutional reform and public policies for electricity generation. It will have to reduce the chronic vulnerability of the sector to oil price shocks and ultimately significantly reduce the costs of electricity production. It should also reduce the intensity of carbon emissions related to this activity. In rural areas, specifies the source, this operation aims to promote the access of local populations to electricity by deploying modern services at more affordable rates in the regions still underserved..."
Moderate increase in the state resources in April 2017: "The resources and donations mobilized by the Senegalese State at the end of April 2017 experienced a moderate increase of 6.8% to 639.3 billion CFA Francs (about $1.022 billion) compared to the same period in 2016, according to the Directorate of Forecasting and Economic Studies (DPEE). Resources consist of budgetary revenues of 566.5 billion CFA Francs, ESF resources (energy support funds) for 4.6 billion CFA Francs and donations amounting to 68.2 billion CFA Francs (1 CFA Franc equals 0.0016 Dollar). "Budgetary revenues increased by 4.2%, due to tax receipts (542.7 billion) and non-tax revenue ($23.8 billion) which increased by 2.5% and 9.8 billion respectively over one year," says DPE..."
KENYA:
The Kenyan public treasury announces a $288 million bond issue, the first of its new fiscal year 2017/2018: "The Kenyan public treasury has announced the launching of a 30 billion Kenyan shillings (KES) bond, i.e. approximately $288 million. The operation, whose subscriptions begin next Friday until July 25, is the first carried out under the new fiscal year of the country, which began on July 1, 2017. In total, the Kenyan government intends to mobilize up to 524 billion KES to fill the budget deficit that was voted at 2290 billion KES. 268.6 billion KES should be mobilized in the local capital market. Analysts expect a major infatuation from investors. The loan has a maturity of 10 years, but the large unknown remains the rate that will be served by investors. Kenyan analysts take as their point of reference a previous bond issued by the government, and good liquidity in the capital market, to estimate that it should be close to 12% ..."
ZAMBIA:
IFAD grants $22 million for the promotion of small agro-industries: "The International Fund for Agricultural Development (IFAD) has granted Zambia a loan of $21.2 million and a grant of about $1 million for the financing of the Strengthened Program for the Promotion of Small Agro-Industries (E-SAPP). The financial agreement was signed on July 6 by Gilbert Houngbo, the President of the institution, and Pamela Kambamba, the Permanent Secretary of the Zambian Ministry of Finance. With a total cost of $29.7 million, this program aims to increase the incomes of smallholder farmers from subsistence agriculture, to commercial agriculture, and to improve the food and nutritional security of rural households. In this logic, the project will aim, inter alia, towards the establishment of sustainable partnerships with agro-industrial actors in order to facilitate the integration of small farmers in the sector..."
NIGERIA:
Nigeria injects $254 million in retail market: "The Acting Director of Corporate Communications at CBN, Mr. Isaac Okorafor, explained in a statement that this gesture was in response to offers received from authorized dealers on behalf of their customers. It revealed that the $254.3 million sold were aimed at companies in the raw materials, agriculture, airline, and oil industries. He recalled that the Bank, during its last intervention in the secondary sector of the retail market (SMIS) on June 23, had injected $240 million for spot transactions. He said the central bank had also intervened with $390 million in the wholesale, SME, and invisible segments of the market on June 28 and July 3, 2017..."
Crédit : IMPERIUM MEDIA
