UGANDA:
Floriculture Will Benefit from an Investment of $17.8 Million over Four Years: "In Uganda, Floriculture will benefit, over the next four years, a financial contribution of $17.8 million, reports East African Business Week. This windfall will be provided by three companies in the subsector, Wagagai Ltd ($14.1 million), Jambo Roses Ltd ($1.8 million), and Ugarose Flowers ($1.9 million). According to Daniel Kiryango, Director General of Jambo Roses, this investment should make it possible, on the one hand, to increase farmers' access to modern agricultural inputs and, on the other hand, to finance the acquisition of land for the development of greenhouse cultivation. "By 2021, we should be able to compete with our counterparts in other countries like Kenya and Ethiopia," says the official..."
Stanbic Uganda in Search of $3 Billion to Finance the Construction of an Oil Pipeline: "CFC Stanbic Bank Uganda, the subsidiary in Uganda of the South African banking group Standard Bank, announces the mobilization of $3 billion to finance the construction of an oil pipeline that will link the Tanzanian port of Tanga. The Ugandan bank was designated financial advisor to the project, next to the Japanese Sumitomo Mitsui Banking Corp. The operational model of this mobilization of resources has not yet been disclosed, but the bank does not rule out any options. This could include the use of a syndicated international loan, a bond issue, or to an agency for the financing of export operations..."
CAMEROON:
43.5 Billion CFA Francs for Integrated Development and Livestock Trade in the Northern Regions of Cameroon: "The Islamic Development Bank (IDB) will soon unlock an envelope of 43.5 billion CFA francs in favor of Cameroon, to finance Phase II of the Chari Logone (far North) Integrated Development Project, as well as the organization of livestock marketing in the northern part of Cameroon. This financing, concluded between the two parties last May, has just been ratified by presidential decree, thus paving the way for the unblocking of the first funds, according to the Ministry of Economy..."
NIGER:
A Dozen Research Permits Granted to 4 Mining Operators: "The Council of Ministers of yesterday is largely devoted to the granting of ten research permits to 4 mining companies. They are the Swiss Endeavor Financial AG, Turkish Turkey Africa Development - Tad, the Canadian Goviex Niger Holding Ltd, and the Nigerian Jabalur Gold Resources Sarl. Endeavor Financial AG has obtained a license to research the sites "Toulouk 1", "Tagait 4", and "Terzémazour 1" for uranium and related substances in the Agadez region. Turkey Africa Development-Tad, for its part, was awarded the "Tiambi" site license for gold, precious metals, base metals, and related substances in the Tillabéry region..."
GHANA:
The State Expects a Drop in Gold and Diamond Production in 2017: "On Saturday, the Government of Ghana announced that the country's gold production is expected to decline sharply in 2017. It has decided to temporarily ban artisanal mining on a small scale due to negative impacts on the environment and to fight against those who practice it illegally. "We anticipate a drop in production of at least 50% of small-scale miners. We are trying to control illegal logging that is not good for the environment," said Barbara Oteng-Gyasi, Deputy Minister of Land and Mines..."
Oil Revenues Increased by 67% in the First Half of 2017: "In Ghana, despite the gloomy black-market prices, the oil sector is doing better. According to a report by the Central Bank of Ghana, according to which state revenues from the exploitation of black gold increased by 67% to $191.32 million compared to the same period last year. In 2016, revenues were $114.4 million. According to the document, this performance is due to the start-up of the TEN oil field offshore..."
ZAMBIA:
Zambia Takes Its First Steps in the Oil Industry: "In Zambia, the President Edgar Lungu announced the implementation of the national petroleum industry with the commissioning of a pile of seismic surveys to the British Tullow Oil. This, in the province of De Luapula, in the north-west of the country. This study is the first of its kind in Zambia, recalls World Oil. According to geologists, the region has many characteristics suggesting the presence of large oil reserves. The government has announced that it will make the necessary efforts to promote the construction of a strong oil industry, in its policy of diversification of the economy almost entirely dependent on copper exports..."
NIGERIA:
Dangote Group Is Going to Invest $450 Million in Agriculture in the State of Niger over the next Three Years: "Last Monday, Aliko Dangote, president of the eponymous group, announced that he will inject $450 million into the agricultural sector of the state of Niger during the next three years. The businessman, who spoke in the margins of the Niger State Investment Summit in the Minna, said the announced funding will serve setting up a rice processing unit in the state. The infrastructure, according to Mr. Dangote, will have a processing capacity of more than 200 000 tons of paddy rice. In addition, an Integrated sugar refining plant will equally be built as part of this investment..."
Crédit : IMPERIUM MEDIA
