UGANDA:
Uganda Is Already Considering the Launching of Telecoms Satellites with a View to Independence in Communications: "Faced with the Ugandan parliament last week, the Minister of Information and Communication Technology, and National Guidance, Frank Tumwebaze, has indicated that his department is in the process of developing a digital vision for the country. This vision, a true general ICT framework, contains the aspirations of Uganda for the development and deployment of telecommunications satellites. According to the Minister, "we would like to develop and launch telecommunications satellites in the future because it is the safest and most reliable means of communication."
GAMBIA:
The World Bank Approves $56 Million in Funding for the Benefit of Gambia: "The World Bank will provide Gambia with a budget support of approximately $56 million to help the new government fill its deficit and provide basic public services. The country of West Africa is currently facing an unprecedented economic situation. Despite the many promises made by foreign donors to the newly democratically elected government, Gambia is still struggling to balance its national accounts. The country is struggling to stay under the ceiling of the billion Dalasis ($21.75 million) deficit forecast for that year. But the economic situation of the country, marked by a deficit of cash at the installation of the Barrow government, has strongly affected the daily functioning of the state..."
IVORY COAST:
Financing: BOAD Grants 20 Billion CFA Francs to Orabank Côte d'Ivoire: "Mamoudou Kane indicates, "these two financing lines have a dual objective which is of paramount importance for us in our 2016-2018 strategy: The support to SMEs and the consolidation of our own funds to reinforce our development based on growth and performance." In addition to the consolidation of its own funds, the subordinated loan will enable Orabank CI to anticipate compliance with the new prudential framework which will enter into force on January 1, 2018, in a context of strengthening the s and resilience of UEMOA banks. As for the refinancing line, it is part of a program initiated by BOAD and its German partner KfW, which aims to support small and medium-sized enterprises through commercial banks..."
GHANA:
Ghana Seeks Support from Switzerland to Boost Cocoa Processing: ""Ghana seeks support from Switzerland to develop its Cocoa processing segment," indicated to Reuters, Nana-Akufo Addo, the Ghanaian President, on the sidelines of a meeting with his Swiss counterpart, Doris Leuthard, in Accra. This support from the Swiss Confederation, motherland of Barry Callebaut, world leader in the processing of cocoa beans, should enable the country to reduce the effects of global price volatility on the sector's export earnings. "We agreed on the joint implementation of projects aimed at bringing value to our cocoa," explained the leader who does not specify the details of this Cooperation..."
BURKINA FASO:
About 18.06 Billion CFA Francs from the Islamic Development Bank for Strengthening Food Security: "The Burkinabe government announced on Wednesday a financing agreement worth $32.83 million, i.e. about 18.06 billion CFA Francs, between Burkina Faso and the Islamic Development Bank (IDB) for the financing of the Sustainable Development Program for the pastoral farms of Sahel Burkina (PDSP). According to a statement from the Council of Ministers, the Government of Burkina Faso has issued a decree relating to an order authorizing the ratification of this financing agreement concluded on May 11, 2017, between Burkina Faso and IDB..."
MOZAMBIQUE:
The Russian Oil Tanker Rosneft Plans to Open a Representation in Mozambique: "The Russian public oil company, Rosneft, is preparing to open an office in Mozambique. The information was given to Reuters by Mario Saraiva Ngwenya, a Mozambican diplomat. "In the next weeks, a delegation from Rosneft will visit Maputo. Rosneft plans to open an office in Mozambique," the diplomat declared. This willingness to enter the Mozambican market reflects the growing interest of the oil giant for the new emerging markets of the African continent. Outside Mozambique, which has the largest hydrocarbon resources in Sub-Saharan Africa, Rosneft announced last February that it is preparing to invest in Libyan oil knowing that this country holds the large reserves of Africa..."
NIGERIA:
Since 2008, AFD Has Injected More Than One Billion Euros into the Nigerian Economy: "Since 2008, the French Development Agency (AFD) has injected more than one billion Euros into the Nigerian economy. This was revealed by the French ambassador to Nigeria, Denys Gauer, during a meeting with a delegation from NNPC last Monday. On the sidelines of the meeting, the French authority explained that the financing dedicated to Nigeria is aimed at supporting the country's economic growth with a focus on diversification to the benefit of sectors such as energy, among others. For his part, the spokesman of the State's company in charge of oil, Ndu Ughamadu, has declared that the business environment in Nigeria has improved, with a significant reduction in acts of vandalism on public infrastructures..."
TANZANIA:
Tanzania Targets the South African Coffee Market: "Tanzania will soon commence selling its processed coffee in South Africa as it is encouraging the export of processed coffee products rather than raw coffee beans. Adolf Mkenda, Permanent Secretary of the Tanzanian Ministry of Industry, Trade, and Investment, has declared on Tuesday that the Tanzanian Trade Development Authority (TANTRADE) had commenced working in collaboration with the Tanzanian Foundation for the Private Sector (TPSF) on ways that would allow Tanzanian products, including coffee, entering the South African markets..."
Crédit : IMPERIUM MEDIA
