BURKINA FASO:
Burkina Faso Will Invest 6 Billion CFA Francs to Equip the Administration and Households with 1.5 Million Economical Lamps: "The government will invest 6 billion CFA Francs to equip the administration and households with 1.5 million lamps, APA learned from the Ministry in charge of Energy. The operation will consist of replacing fluorescent tubes of about 40W by LED lamps which consume half as much around 15 to 18W and which illuminate much better. "This operation aims to encourage people to use LED lamps, and it will cost the state 6 billion CFA Francs, then if it had been a power plant, it would have cost us 20 billion FCFA," according to the Minister of Energy, Alfa Oumar Dissa ..."
The IDB to the Rescue of Breeders of Sahelian Regions: "Acting since last May, the livestock sector financing agreements between the Government of Burkina Faso and the Islamic Development Bank (IDB) have just been ratified. Covering 18 billion CFA Francs, the envelope is destined to finance the livestock sector, especially the Sahel Burkina Farming Sustainable Development Program (PDSP). According to the African News Agency (APA), which quotes a note from the record of the most recent council of ministers of the government of Burkina Faso, the program aims at "sustainable development of the competitiveness of the milk and small ruminant sectors, by increasing the value added of animal products and creating jobs particularly for young people and women." It spans five years..."
CONGO:
Oil Production at Total at Half-Mast Due to a Strike of Its Workers: "In Congo, the employees of the oil giant Total have been on strike since the beginning of the week. According to RFI, this strike was triggered after the director of the local subsidiary has ignored some workers' demands. These demanded the lifting of the blocking of the loans at zero rate which were due to them, and the payment of their incentive bonuses; Conditions sine qua non to the resumption of activities on all the production fields of Total. According to the interunion, this social movement will last until the time their demands are satisfied..."
MALI:
Closing of Funding of 123 Million Euros for the Kayes Thermal Power Plant: "The project to build a 90 MW thermal power plant in Kayes, Republic of Mali, for an investment of 123 million Euros has just been Boucle. Thanks to a BOAD facility line of the amount of 84.8 million Euros (55.6 billion CFA Francs) and the contribution of syndicated bank loans (IDB, IDC, OPEC Fund, and Emerging Africa Infrastructure Fund) via the South African company Investec Asset Management for 9.7 million Euros..."
TOGO:
Togo Is Soliciting 25 Billion CFA Francs in the WAEMU Financial Market: "The government of Togo is looking for 25 billion CFA Francs (about $40 million) in the financial market of the West African Economic and Monetary Union (WAEMU), through the issuance of treasury bills set for July 17, 2017, APA learned on Friday from the agency UMOA-Titres based in Dakar..."
IVORY COAST:
Ivory Coast Asks WAEMU's Investors for 100 Billion CFA Francs: "The Ivorian State will solicit, on July 19, 2017, an amount of 100 billion CFA Francs (about $160 million) from investors in the capital market of the West African Economic and Monetary Union (WAEMU) through the issuance of 3-year treasury bonds (0AT), APA learned Saturday from the agency UMOA-Titres based in Dakar..."
Orabank Receives Two Loans of 20 Billion CFA Francs: "The West African Development Bank reiterates its support for the Ivorian economic fabric, after releasing a subordinated loan and a refinancing line of 10 billion CFA Francs each in favor of Orabank CI. The credits will be allocated to the financial support of SMEs and the strengthening of the Ivorian bank. The Orabank banking group has just won two contracts relating to a subordinated loan and a refinancing line of 10 billion CFA Francs each. These credits have released by the West African Development Bank (BOAD) and should benefit the Ivorian subsidiary of Orabank..."
CAMEROON:
Banque Atlantique Increases Its Capital by 28 Billion CFA Francs: "According to reliable information, this recapitalization amounts to at least 38 billion CFA Francs, the capital of Banque Atlantique which is now part of the banks whose capital is higher among the 15 commercial banks operating in Cameroon. For its directors, the capital increase is justified "to the extent of its commitments to its partners and its shareholders," for which reason "Banque Atlantique Cameroun has decided to increase its share capital by 28 billion CFA Francs." In any event, it is explained, this increase reflects "a whole new vision and many changes" as it is true that the "Banque Atlantique is more than ever at the heart of investment in Cameroon...""
NIGERIA:
Another Mega-Investment of Dangote in the Agri-Food Industry: "After a battery of investment announcements in Nigeria in the sectors of industry, public works, oil, logistics, and agriculture in billions of dollars, the group of the richest man in Africa is making its umpteenth big investment announcement. This time again, it benefits the agricultural sector with an overall budget estimated at 4.6 billion Dollars. Over the next three years, 3.8 billion Dollars will be invested in the production of sugar and rice, while 800 million will be allocated to dairy production. According to the management of the company, these investments are aimed at boosting local agricultural production to no longer depend on exports and thus to face the shortage of necessary dollars to import raw materials..."
Crédit : IMPERIUM MEDIA
