BURKINA FASO:
Misappropriation of 200 million CFA Francs to SIAO: "The President of Faso shocked": "Suspicion of embezzlement of 200 million CFA Francs at the level of the SIAO, recruitment of 2,500 student police assistants for the year 2017, 2nd session of the framework for consultation and dialogue between the State and civil society organizations. These are, among others, the points that were on the menu of this weekly session of Wednesday, May 3, 2017. Under the presidency of Roch Kaboré, the Council of Ministers examined a certain number of substantive issues, heard oral communications and made appointments..."
Burkina Faso will solicit funding of 10 billion CFAF from the BOAD to build 5 dams: "The Burkinabe executive intends to apply for a loan of 10 billion CFAF from the West African Development Bank (BOAD) for the construction of five dams in the Central Plateau administrative region. This is revealed by the African Press Agency (APA) which cites the Burkinabe Ministry of Economy and Finance. According to Ambroise Ouédraogo, the Minister of Water and Sanitation, the five dams will have to mobilize more than 11 million cubic meters of water, and generate an annual turnover of about 5 billion CFAF..."
KENYA:
The Kenyan government will inject 58.2 million Dollars into an irrigation project in Murang'a: "An envelope of 6 billion Kenyan shillings ($ 58.2 million) will be allocated by the Kenyan Executive to the implementation of an irrigation project in the county of Murang'a in the southeast of the country. The initiative, relayed by the Digital Standard, aims to globally provide water to the people of the county affected by drought..."
ANGOLA:
Silvestre Tulumba will dedicate 91 million Dollars at the establishment of a milk processing plant: "The Angolan investment company Silvestre Tulumba has signed last week, with the Technical Unit for Private Investment (UTIP), an investment agreement in the amount of 91 million Dollars relating to the construction of a milk processing plant in the Lubango city, the capital of the province of Huila, reports the Angolan News Agency (Angop)..."
NIGERIA:
Nigeria offers again, in its capitals market, previous local obligations for an amount equivalent to 446 million Dollars: "The Nigerian Federal Government re-issues in the local capitals market on May 10, 2017, previous obligations for a value of 140 billion naira ($ 446 million). The settlement of the transaction should take place 2 days later. The operation takes place in multiple slices, with a block of 40 billion naira, reaching maturity in July 2021 with an interest rate of 14.5%. The other two, worth 50 billion naira, will mature in March 2027 and April 2037 with rates of 16.24% and 16.28% respectively. The interest on each of the borrowings are payable on a semi-annual basis, with a refund of the principal amount on arrival of each of the installments..."
MADAGASCAR:
Sherritt International reduced its participation in the Ambatovy project by 12%: "The Canadian Sherritt International has reached an agreement in principle with its joint venture partners Sumitomo Holding and Korea Resources to reduce, from 40% to 12%, its participation in the project of nickel and cobalt of Ambatovy, in Madagascar. The project poses to the company problems of return on investment with the fall in the price of nickel in recent years. Under the terms of the agreement, a portion of partner loans ($ 1.4 billion) will be eliminated from Sherritt's balance sheet during the transfer of the 28% stake. If the company has not specified how the interests will be divided among the partners, Sumitomo held 32.5% in the project and Korea, 27.5%..."
ZIMBABWE:
NetOne announces 20 new products to increase its competitiveness and counter the competition: "The public mobile phone operator NetOne, a branch of the historical operator TelOne, has introduced two new products. It is "One-Cliq", which is a calling group in which NetOne subscribers can call themselves at reduced costs. There is also the "One-Fi" product, a Wi-Fi router with a NetOne SIM card through which NetOne's domestic or micro-enterprise users can access the wireless Internet 3G and 4G. The equipment can accommodate nearly 30 users simultaneously..."
Mali:
The Minister of Telecommunications wants to withdraw once and for all the Universal Handheld Access Fund of AMRTP: "The new Minister of the Digital Economy and Communication, Arouna Modibo Touré, is determined to increase transparency in the management of the Universal Access Fund. To this end, he wants to withdraw once and for all from the Malian Telecommunications/ICT Regulatory Authority and posts (AMRTP) and the management of money collected from telecom operators for the improvement of the provision of quality telecommunication services to populations..."
Crédit : IMPERIUM MEDIA
