IVORY COAST:
ALC Group Adds Securitization to Its Merchant Banking Offering: "The Africa Link Capital Group (ALC), the leading independent investment bank of WAEMU, announces the creation of a securitization division consisting of two entities: ALC Structuring and ALC Securitization. Moderated by six experienced experts, this new pole offers (i) strategic and financial consulting services to structure securitization transactions and to set up a Common Fund for Securitization of Securities (FCTC), (ii) management services of FCTC according to the regulations of the West African Economic and Monetary Union (UEMOA) and the best international standards. This decision follows the adoption by UEMOA, in 2010, of a regulatory framework conducive to securitization. ALC Group has decided to support this initiative. Thus, as of 2012, ALC approached the Regional Council for Public Savings and Financial Markets (CREPMF) to obtain an authorization to exercise as a management company of FCTC..."
Successful International Bond Issues Launched by the Republic of Ivory Coast and Co-Arranged by BNP Paribas: "The Republic of Ivory Coast (rated Ba3 (stable) by Moody's and B+ (stable) by Fitch) has successfully completed a 1.25 billion US dollar depreciable bond issue maturing June 15, 2033, and an inaugural bond issue in the amount of 625 million Euros, expiring on June 15, 2025. BNP Paribas actively participated in these transactions as lead manager and bookkeeper for these issues. Otherwise, the Republic of Ivory Coast has an active management of its existing debt, as evidenced by the completion of a partial redemption of bonds issued in 2014 and 2015, for a total amount of 750 million US dollars, with the support of BNP Paribas teams. Issuance in euros is the first such transaction by a sub-Saharan African country, except South Africa, allowing the Republic of Ivory Coast to diversify its base of investors..."
BURKINA FASO:
Burkina Faso National Hydrocarbons Corporation: The President of Faso Inaugurates a Gas Depot in Péni: "The President of Faso, His Excellency Mr. Roch Marc Christian KABORE, inaugurated in Péni (Province of Houet), on Saturday, July 29, 2017, a new deposit center of Burkina Faso National Hydrocarbons Corporation (SONABHY). This new repository with a total storage capacity of 2,100 tons is mainly intended to serve the western part of Burkina Faso in gas for the time being, with a loading rate of 200 tons per day, according to Mr. Hilaire KABORE, Director General of SONABHY. He specified that the cost of 19 billion CFA Francs will be strengthened to accommodate liquid products because the site of Bobo-Dioulasso has become small and presents significant risks in terms of security in view of the company's desire to expand..."
GHANA:
The Central Bank Confirms the Improved Economic Outlooks: "The Ghanaian economy is recovering its colors. In any case, this was one of the main decisions that motivated the decision of the Monetary Policy Committee of the Ghanaian central bank to reduce once again the key rate from 22.5% to 21%. The decision was taken at the committee meeting last Monday before the Governor of Bank of Ghana, Ernest Addison, disclosed the reasons at a press conference following the meeting. "The process of disinflation is still ongoing and this trend should continue until the end of the third quarter and taking these considerations into account, the Committee decided to reduce the key rate by 150 basis points to 21%," announced the governor in remarks reported by the official agency Ghana News Agency..."
BENIN:
Benin Negotiates a New Program with the AfDB: "This is the final straw for the finalization of the new country strategy paper between Benin and AfDB for the next five years. After exchanges between the heads of the Pan-African financial institution and the government of Benin, a national workshop was held in Cotonou last weekend between the two parties to bring the final touches to the prospects for AfDB interventions in the country. The new cooperation framework supports the Government's agenda, and the discussions are part of the continuation of exchanges between the President of AfDB, Akinwumi Adesina, and the President of the Republic of Benin, Patrice Talon, during his visit to the Bank on January 11, a few months after taking office. The issues relating to the portfolio situation and the need to improve its performance, as well as exchanges with the ministerial authorities have also subsequently made it possible to agree on priorities for Bank interventions to support the Government Action Program (GPA) over the period 2017-2021, namely agriculture and infrastructure..."
Crédit : IMPERIUM MEDIA
