MALI:
Orange Renews Its License with Extension to 4G: "The number one mobile telephony in Mali Orange renews its operating license which came to an end on July 31. The new agreement signed with the Malian government, up to 100 billion CFA Francs, allows Orange-Mali to operate 2G, 3G networks, and especially 4G. Orange-Mali confirms its position as a leader in the mobile telephony sector in Mali. The new license, renewed to 100 billion CFA Francs, will boost the coffers of the Malian state. But beyond that, it is a true digital transformation which opened in France thanks to the French group Orange. In Mali, the press is embracing and welcomes the envelope won by the Minister of the Digital Economy and Communication, Arouna Modibo Touré, and his counterpart to the economy and finance, Dr. Boubou Cissé. However, what has to attract the attention of the Malian consumer are some new closures of the agreement to renew the license in Orange-Mali..."
NIGERIA:
The Central Bank Maintains Its Interest Rate at 14% Because of the Weakness of Naira: "Due to the weakness of the local currency (Naira) and an inflation rate above 16%, the Central Bank of Nigeria (CBN) decided to maintain its interest rate at 14%, reports Bloomberg Media. Thus, the financial institution cannot follow the example of Ghana and South Africa which recently reduced their respective interest rates. "The level of inflation remains very high, and it would be unwise to be complacent," declared Razia Khan, official in Standard Chartered Bank Plc. Indeed, although the rate of inflation in Nigeria was 16.1% last month, it is still far from the targeted level of 6% -9%. In a recent report, Bloomberg asserted that only two out of 19 economists predicted that CBN would lower its interest rate. The rest provided that this rate would be maintained at 14%..."
Nigeria Adopts New Policy to Strengthen Investments in the Hydrocarbons Sector: "This 100-page document is very comprehensive on all aspects of the petroleum industry, the minister declared in a statement released in Lagos, economic lung of Nigeria. Mr. Kachikwu also reiterated that his ministry was encouraging the establishment of a refining activity to evolve from exports towards the processing of petroleum products, facing oil price volatility. The objectives and strategies included in this new policy will foster an equal opportunities framework between public companies and private actors in this sector, he added. This policy defines the strategy that the government shall employ in respect of the petroleum resources of Nigeria, indicates the minister..."
The Government Is Considering Investing $1 Billion to Create a National Center and Exhibition Park ICT: "The Nigerian government multiplies projects to transform its economy through Information and Communication Technologies (ICT). After the ICT university, the unique digital market, it was the creation of a National Center and exhibition park ICT that was announced last weekend by Adebayo Shittu, the Minister of Communications. At the Faculty of Law of the University of Ibadan, during the presentation of his communication entitled: "Jobs nowhere, but jobs everywhere: ICTs to the rescue of young people and unemployed graduates," the Minister stated that the objective of this center will be to stimulate local innovation..."
SENEGAL:
2.9% Increase in the Services Turnover Index at the End of April 2017: "The index of turnover of services in Senegal increased by 2.9% at the end of the first four months of 2017 compared with the same period of 2016, APA learned on Thursday from the Directorate of Forecasting and Economic Studies (DPEE). The overall index was 141.1 points against 137.1 points during the first four months of 2016, i.e. an increase of 4 points. This increase is caused by Real Estate Services, other services, health services, and banking and insurance, which rose by 22.5% to 124.5 points, 20.4% to 144 points, 16.6% to 175.5 points, and 16.1% to 165.5 points, respectively. The hotels and restaurants branch (plus 13.1% to 164.6 points) also contributed to the evolution of the overall index..."
BURKINA FASO:
Burkina Faso in the 2016 Report of World Bank: Respectable, According to the Chief Economist for Africa: "The visit of the World Bank's chief economist to Burkina Faso has not been easy. Indeed, following the launch of the 2016 report of World Bank on the evaluation of national policies and institutions on Monday, July 24, 2017, Albert G. Zeufack moderated two public lectures on July 25 and 26, respectively, at Norbert Zongo University in Koudougou and Pr. Joseph Ki-Zerbo in Ouagadougou. This is an opportunity for Mr. Zeufack, Doctor in Economics of CERDI-University of Clermont-Ferrand (France) where he taught before joining the World Bank, to analyze the economic situation of African countries..."
Crédit : IMPERIUM MEDIA
