BURKINA FASO:
The Mining Company SEMAFO Announces a Good Progress in the Construction Works of Boungou Mine: "The Company continues to pursue development on a timely basis, with investments of 69 million Dollars, i.e. more than 34 billion CFA Francs. The completion rate of the mine construction was estimated at 35%. The concrete works are progressing on the foundations of SAG breaker, the vertical breaker, the crusher, and the ore silo. Also, the company stressed that the erection of the leach tanks and water began as well. Anything else, with the delivery to the site of the vertical breaker, the first item to long delivery time, the work began on the power plant and fuel depot, and water storage basin have been excavated and is ready to collect rainwater in 2017. Finally, the pre-discovery of the deposit began in Boungou pit, as well as the construction of the relocated village is 65% complete with 1,540 people, including contractors, working on site; 93% of them are Burkinabe and 1.1 million hours/person have been worked without a lost time accident..."
CAMEROON:
With a Total Cost of 51 Billion CFA Francs, the Penetrating West of Douala Will Be Delivered in January 2018: "The construction works of the penetrating West of Douala, which will decongest the exit of the bridge over Wouri, starting from the economic capital of Cameroon for the regions of the West, the South-West, and the North-West, will be completed in January 2018, one month after the opening of the second bridge over the River Wouri, according to official sources. With an initial cost of 42 billion CFA Francs, finally revalued to 51 billion CFA Francs because of adjustments made on the initial project, this road infrastructure is carried out by the company Sogea-Satom..."
SENEGAL:
Senegal/World Bank: A Signature of 52 Billion CFA Francs to Finance Two Structuring Projects: "This financing project should enable Senegal to benefit from a budget support for urban water and sanitation (PEAMU). To achieve this, this 30 million US Dollars, i.e. 17.5 billion CFA Francs, will be allocated to carry out this first project. The second project selected by the World Bank aims to support development policy for multi-sectoral structural reforms. Thereby, it is 60 million dollars, i.e. 35 billion CFA Francs..."
Exclusive-Senegal: Coris Bank Injects 12 Million Dollars in Makabingui Gold Mine, Risky Bet: "After Mali, where Coris Bank International (CBI) has provided a financing line of 60 million Dollars on Yanfolila gold mine, heading for Makabingui gold mine in eastern Senegal, the Burkina Faso mega bank has just injected the trifle 12 million Dollars for the benefit of Australian junior Bassari Resources Ltd. The loan granted by CBI via its Senegalese banking machine (12 million Dollars) in favor of this mining investment project in Makabingui deposit (area located east of Senegal) risks to be cracked. According to several experts in the sector, this investment is risky. As much by the weight of the actor as by the refinancing of the investments of the prospecting operator, the junior Bassari Resources Ltd is on this mining deposit with a potential of 171,000 ounces of gold content..."
Credit of 54.9 Million Euros from the World Bank for ICT and Energy: "The World Bank provides an appropriation of 54.9 million Euros (60 million Dollars) to Senegal to improve the governance and management of the energy sector. This loan will also serve to strengthen the legal framework for the information and communication technologies (ICT) sector, promote competition, stimulate investment in this sector, and improve access to such technologies..."
IVORY COAST:
Launching of the First Quotation of The "TPCI 6.25%" Bond Issue: "On July 18, the Ivorian State launched at the Regional Securities Exchange the first quotation of the bond issue denominated TPCI 6.25% for the period 2017-2029. This operation follows the success met with TPCI bond issue of March and February. After launching the TPCI bond 6.25% 2017-2029 between February 27 and March 27, 2017, the Ivorian authorities have just launched the first listing on Tuesday, July 18, 2017, at Regional Securities Exchange (BRVM)..."
GABON:
To Boost the Local Sector, the Country Temporarily Bans the Import of Cement: "In order to regulate cement marketing in Gabon, and after several months of work between the public and private sectors' actors, the Government decided, by order of the Prime Minister dated July 19, 2017, involving the Ministry for the Promotion of Private Investment, Trade, Tourism, and Industry; the Ministry of Economy, Foresight, and Development Programming; as well as the Ministry of Mines; to prohibit the import of cement in the Gabonese Republic for a period of two years, KOACI learns of a transmitted statement. This latter precise that this protection of the market, through this decree, is justified by "the will to develop the cement sector, the protection of investments, the maintenance of existing jobs, the creation of new ones in favor of local workers, the protection of the consumer, the distribution channel, the preservation of the purchasing power of households, the implementation of the industrialization program by the actors of the industrial sector, and the creation of an industrial entrepreneurial fabric on the value chains of the ecosystem of the industrial transformation, the will to clean up the circuit of imports of the cement," as revealed the statement..."
Crédit : IMPERIUM MEDIA
