IVORY COAST:
France Grants 2 Billion Euros to Support Ivory Coast, Including 1.4 Billion for the Financing of Abidjan Metro: "France has decided to grant financial support of 2.125 billion Euros (about 1394 billion FCFA) to Ivory Coast for the period 2017-2020. The announcement was made by the Ivorian Prime Minister, Amadou Gon Coulibaly, at the end of a French mission which took place in Abidjan on July 12 and 13, 2017. This important financial commitment from France to Ivory Coast will essentially finance projects in "certain priority sectors included in the National Development Plan (PND) 2016-2020", declares the Ivorian Prime Minister. Thereby, 725 million Euros (approximately 475.5 billion CFA Francs) will be used to finance projects in the fields of energy, roads, health, safety, education, and training, while 1.4 billion Euros (about 918.34 billion CFA Francs) will make it possible to "close the financing of line 1 of the subway of Abidjan"..."
Air Transport: Air Côte d'Ivoire Receives Its First Airbus A320 in Toulouse: "The airline company Air Côte d'Ivoire received its first ever Airbus A320 in Toulouse on Monday, July 17, during an official ceremony. This acquisition is the first in a series of airplanes of the same brand that the company has as its endowment in the renewal of its fleet. For the representative of the Ivorian government, Mr. Benjamin Soro, Chief of staff of the Ministry of Transport, this is a very important step that crosses Ivory Coast through the airline company..."
GABON:
Where Is the Industrialization of the Wood Industry? : "The sector benefits from the reforms launched in 2010, but the State and the industrialists still have a lot to do to achieve the objectives set, which are as ambitious as the country is green. Regis Immongault, the Minister of the Economy, Foresight, and Programming of Development, is categorical: "we must welcome the measures implemented since 2010 with a view to the industrialization of wood sector." According to the figures of his ministry, the gross domestic product of the forest industry and the number of direct jobs have already increased, notably due to the ban on log exports in 2010. While the measure had been welcomed more than coldly in 2010, the industrialists being then incapable of transforming wood in Gabon, the sector is now in good health..."
NIGERIA:
The State of Lagos Wants to Raise 291 Million Dollars to Finance Infrastructure Projects: "The Lagos State Government in Nigeria has announced plans to mobilize 100 billion Nairas ($291 million) via a bond issue to finance key infrastructure projects. At the announcement, the Commissioner for Finance, Economic Planning, and Budget, Akinyemi Ashade, added: "we have several projects in the tourism sector. We must build a stadium to attract youths. We have to build several major roads, retirement homes for elderly […]"…"
Oil: Nigeria Is Gaining Time Before the Capping of Its Production: "Nigeria will not remain indefinitely exempted from OPEC's measures to reduce world production of black gold. After insisting that his country supports the organization's approach, the Nigerian minister of oil, Emmanuel Ibe Kachikwu, explained last Wednesday that Nigeria hopes that, in the next two or three months, to be able to determine how predictable the production will be. It is only after the country can feel the stabilization of its output then makes the necessary cuts. Nigeria, in the turmoil because of the shortage of dollars that handicaps most of its productive sectors, has an interest in gaining time to balance its huge budget deficit to the maximum. A reduction in oil production, regardless of its proportion, would leave it in an uncomfortable situation, given that black gold accounts for 90% of its export earnings and thus of foreign exchange..."
MOZAMBIQUE:
Inauguration of a Combined Cycle Power Plant of 40 MW: "On Saturday, the head of the Mozambican State, Filipe Nyusi, has officially inaugurated the 40 MW combined cycle power plant in Macarretane city, north of the southern province of Gaza. "Named Kuvaninga Energia, the project is the result of the association of a group of Mozambican investors and a South African technical and financial partner," underlines Africa 21 Digital. Its realization was launched in 2005 and required an investment of 110 million Dollars. The plant covers an area of five hectares. It will not only satisfy the growing demand in the locality, but also contribute to the extension of the electricity grid to local communities and surrounding districts..."
GHANA:
Cocobod Will Repay the Syndicated 1.8 Billion Dollar Loan by the End of July: "The Ghana Cocoa Council (Cocobod) is expected to complete, by the end of July, the repayment of the 1.8 billion Dollars contracted last year from a pool of 24 banks to finance cocoa purchases for the 2016/2017 season. This is what was indicated to Reuters by Joseph Aidoo, Director General of the institution. This closure should allow the organization to gain credibility, as a prelude to a new loan of 1.3 billion Dollars in September, for the pre-financing of the acquisition of 850,000 tons of cocoa during the 2017/2018 season..."
ZIMBABWE:
AMA to Issue 80 Million Dollar Bond for the Purchase of Maize from Producers: "In Zimbabwe, the Agricultural Marketing Authority (AMA) will issue next week an obligation of 80 million Dollars for the acquisition of maize from producers, reports Reuters. This purchase guaranteed by the government will be carried out through the Grain Marketing Board (GMB), indicates Reuters, which mentions CBZ, the country's largest commercial bank. The transaction is the latest in a series initiated by the government, in order to replenish its strategic maize reserves..."
Crédit : IMPERIUM MEDIA
