NIGERIA:
Signs of Recovery in the Banking Sector in Nigeria: "The Nigerian Central Bank has recently decided to increase the spending limits in dollars for payment cards denominated in local currency, following the improvement in exchange reserves. The Guaranty Trust Bank (GTB), one of the country's largest banks, has thereby opened the ball by increasing the maximum amount that can be disbursed outside Nigeria, via credit cards denominated in Naira to a maximum of 1,000 Dollars. Ecobank Group has followed GTB's lead to a limit of $1,000/day, while FCMB Group should release its new spending limit of $500/month before the end of July. This return of payments abroad comes after a suspension of the option for naira cards that lasted from 2015 to 2016, as a result of the negative economic environment that led to a decline in currencies earnings, which prompted the Central Bank to tighten control over the use of currency to reduce demand, particularly in dollars..."
The Government Promises Tax Privileges to the Local Entertainment Industry: "The Government of Nigeria is planning to introduce fiscal privileges for natural and legal persons wishing to invest in the local entertainment industry. This information has been announced to industry actors by Kemi Adeosun, the Nigerian Minister of Finance who represented the Vice-President Yemi Osinbajo at Creative Summit Nigeria. Recognizing the potential of the entertainment industry which accounts for 1.42% of Nigeria's GDP, the Minister of Finance assured that the government is willing to accompany its growth. "We are considering a situation where we provide tax breaks to those who invest in the entertainment industry," assured Kemi Adeosun..."
IVORY COAST:
Ivory Coast Mobilizes 137 Billion CFA Francs in WAEMU Financial Market: "According to the Deputy Director General of the Public Treasury, Arthur Ahoussi, "TPCI 6.25% 2017-2029 bond issue'' launched from February 27 to last March 27 has made it possible to mobilize an amount of 137 billion CFA Francs, against an indicative amount of 120 billion CFA Francs, i.e. a realization rate of 114%." ''This performance is a sign of renewed confidence in the State of Ivory Coast,'' he underlines during this ceremony of quotation. On the other hand, Mr. Ahoussi reassured on the availability of the Ivorian state to work "to earn the trust that has always been granted...""
ZIMBABWE:
The Government Has Repaid 134 Million Dollars to White Farmers in 2016: "In Zimbabwe, 134 million Dollars were paid last year as compensation to the white commercial farmers affected by the Accelerated Land Reform Program (FTLRP) of the Government. This is what was indicated to Reuters by Patrick Chinamasa, Minister of Finance, who adds that this operation has contributed to aggravate the state budget deficit. According to the same source, this compensation would be part of one of the conditions required by the International Monetary Fund (IMF) to unlock new funding in favor of the country..."
MALI:
The World Bank Will Inject 64 Million Euros for Improving the Accessibility of Agricultural Communities: "The World Bank (WB) has approved, on July 17, a financing of 64 million Euros of the International Development Association (IDA) in favor of the Rural Accessibility Improvement Project (ARAP) to be implemented in Mali. This is what the financial institution announced in a statement published on its website. With the aim of facilitating the disposal of agricultural products by rural communities through improved access to transport services, this project will rehabilitate 1,600 kilometers of rural roads in the regions of Sikasso and Koulikoro respectively located in the extreme south and to the north-west of the country..."
TANZANIA:
Aminex Receives Payment from TPDC for Its Gas Deliveries from kiliwani North: "On Thursday, the British company specializing in gas development announced that it had cashed a check from the Tanzania oil company TPDC for its sales of natural gas extracted on the Kiliwani North field. However, the amount received was not disclosed, but in a statement, Aminex specified that the daily production in the site is currently 15 million cubic feet. "We are pleased to announce that TPDC has made a payment for our Kiliwani gas sales. We continue to work with TPDC for the settlement of its arrears," declared Neil Ritson, the CEO of Solo Oil. Otherwise, he suggested that the development plan for the Ntorya project, located in the Ruvuma PSA, will be submitted to TPDC for approval in September. It should be recalled that in this context, Aminex and its partner Solo Oil commanded on July 10 a study to determine the possible flow markets for the product..."
CONGO:
Azur Telecom Announces 3G+ as of September 2017: "By unveiling its 3G+ network in the Central African Republic on July 15, 2017, Azur Telecom group announced at the same time the introduction of the same technology in Congo by the end of the year. According to Jean Bruno Obambi, its Chief Executive Officer, the high-speed mobile technology will be operational in the country by September 2017. Sites of the fourth generation GSM are already being set up in Congo within the framework of a service contract signed with Speedcast group, specializing in the provision of communication and IT services..."
Crédit : IMPERIUM MEDIA
