GHANA:
CPC Is Seeking a $300 Million Financial Rescue to Carry out Its Activities: "Cocoa Processing Company (CPC), one of Ghana's largest cocoa processing companies, is seeking financial support of $300 million to clear its debts and continue its purchases of cocoa. This is what was indicated to Reuters by Frank Asante, Director General of the company who specifies that an application has been filed with Ghana Cocoa Council (Cocobod). Indeed, explains the official, the Company must manage a debt of $122 million, including $100 million contracted for the cocoa acquisition from Cocobod and requires working capital of $200 million to get supplies of brown gold to run its factory for three months..."
AfDB: Agriculture, a Development Priority of Ghana: "After an interview with the Ghanaian authorities in Accra, the president of the AfDB who has just ended his stay in Ghana which lasted from August 1 to 4, 2017, made clear the place accorded to agriculture in the plans of the multilateral institution for Ghana. "We will accompany Ghanaian agriculture, especially in the north of the country," declared Akinwumi Adesina..."
BURKINA FASO:
The Government Will Invest 455 Billion CFA Francs on a Development Plan in the North: "Burkina Faso has announced the launch of an infrastructure development plan with an amount of 455 billion CFA Francs ($819 million) in the north of the country. According to the Prime Minister Paul Kaba Thieba, this sum will go primarily to the construction of schools, roads, health centers, and water infrastructures. This funding will also benefit small and medium-sized enterprises (SMEs) of the country to develop employment and combat the radicalization of youth. Indeed, the plan is intended to deprive the Islamic movements of their reservoirs of members while the region faces a level of unemployment which drives young people towards these movements..."
Burkina Faso - Economy and Security: The Sahel Emergency Program Will Cost 455 Billion CFA Francs: "Adopted in the Council of Ministers on last June 21, PUS-BF will be worth 455 billion CFA Francs including about $88 billion for the second half of 2017. The main objective of the Program is to contribute to the improvement of the security of people and goods for a shared and sustainable prosperity. What to remember about this program is that it includes in its drinking water and sanitation section the construction of 400 new boreholes, four (4) new dams, 18,712 family latrines, and 60 simplified drinking water supplies (AEPS). For the infrastructures to be rehabilitated, there are 356 boreholes, nine (9) dams, and the construction of about 32,205 domestic sumps in anticipation..."
IVORY COAST:
MTN Côte D'Ivoire Launches an Application Allowing Its Subscribers to Be Connected Free on Facebook: "MTN Côte d'Ivoire announced on August 2 that it has entered into a partnership with the social network Facebook to allow its subscribers to remain connected with their friends and families, also to access free other basic online services. This possibility is thus offered through FREE BASICS, a new application that allows using a feature called MTN FACEBOOK FLEX commissioned by MTN Côte d'Ivoire. This allows MTN subscribers to switch between the paid mode and the free one, allowing them to "chat", post, comment, "like", share Facebook content with their friends and families..."
KENYA:
Kenya Airways Shares Jump by Almost 10% on the Nairobi Securities Exchange After the Favorable Vote for Its Stimulus Plan: "On Monday, August 7, 2017, the share Kenya Airways literally took off (+9.58%) on the Nairobi Securities Exchange, the Kenyan financial market where the troubled airline is listed. Investors strongly welcomed the positive vote of shareholders, for the 50 billion shillings ($480 million) debt restructuring plan, owed by the air carrier to a group of 14 commercial banks. The admission of the plan was complex. It was necessary not only to convince the shareholders but also the banks concerned. The latter have almost found themselves constrained to invest in this sector that is not theirs. Only 11 banks representing 75% of debt have agreed to the operation..."
Far and Cairn Sign Their 11th Oil and Gas Discovery on SNE: "On Monday, Far Ltd. announced via a press release the discovery of hydrocarbon columns in three reservoirs of SNE North-1 exploration well in the Sangomar Deep Offshore block. These are 24 meters of hydrocarbon columns through three intervals, 11 meters of net condensate and gas and 4 meters of oil in a tank of good quality and a quality API of 35°. This is the 11th success of partners in Senegal. SNE North-1, which is located about 15 km north of the SNE-1 discovery, was drilled to a total depth of 2,837 meters by the Stena DrillMax platform. Studies are currently underway to evaluate the commerciality of this discovery and to integrate the results with the data collected on the site to date. Cairn Energy, a partner of Far and operator of the license, pointed out that the work has been carried out within the limits of the calendar and budget provided for..."
Crédit : IMPERIUM MEDIA
