Togo:
More than CFAF 10.5 billion to improve Commercial Logistics Services in Togo: ""The project aims to improve the legal and regulatory framework governing the transport and logistics sector and to provide possibilities of capacities enhancement for the logistics and training actors for several service functions. The modernization of the fleet of trucks through the use of leasing instruments to renew vehicles will also be a priority," says a statement from the Bank transmitted to APA..."
IMF: A 241 million loan to support the Togolese public finances: "The Board of Directors of the International Monetary Fund (IMF) has approved loan agreements in favor of Togo under the Extended Credit Facility (FEC), a $241 million worth. This approval comes rewarding the Togolese government efforts in its various reform initiatives. "The results of the Togolese economy have been solid these last years, with sustained growth and low inflation," said Tao Zhang, the Deputy General Manager of the IMF..."
Burkina Faso:
SIERO 2017: Interview with exhibitors: "The 6th International Exhibition of Renewable Energies in Ouagadougou (SIERO) was launched on May 4, 2017, in the framework of the National Week of Renewable Energies and Energy of Africa (SEERA). One of the Exhibition's main activities is the exhibition it holds every year in the SIAO compound..."
Cameroon:
Cocoa: The decrease in prices plumbs the ambitions: The decline in the international market: "The Cameroonian producers of cocoa are pouting. And for good reason, the prices of the brown gold in the International market do not stop to tumble. A dizzying decrease that reaches a record level for the ongoing Harvest Campaign, integrating information published on May 8, 2017..."
Ivory Coast:
The liter of super gasoline goes from 570 to 593 CFA Francs, an increase of 23 CFA Francs: "The service stations in Abidjan showed on Monday a new price of super gasoline, which rose from CFAF 570 per liter to CFAF 593, an increase of CFAF 23. The price of the liter of gas oil, however, remained unchanged at CFAF 570. "The display of this new price of super gasoline was made by the Ministry of Petroleum, Energy and Renewable Energy Development," said Ms. Assandé, a station manager..."
Congo:
The World Bank expects an improvement in the macroeconomic situation in 2018: "According to the latest monitoring report from the World Bank, entitled "Making Adjustments after the Boom in Oil Prices for Better Socio-Economic Outcomes", the Congolese economy should increase by 3%, driven by the increase in oil production by 2018. The production of the Moho-nord site, which could allow the country to reach 350,000 barrels per day by 2018, will be one of the key factors of this performance. Additionally, there is the exploitation of new natural gas deposits by the Italian company ENI, which will constitute a substantial source of incomes for the Central African country..."
Tanzania:
TerraPay has obtained the approval of the Central Bank to enter the Mobile Money segment in Tanzania: "The Tanzanians living in the United Kingdom, France, Italy, Canada, the United States, South Africa, and several other countries have a new mobile solution to send money to their relatives left behind, directly to their M-Pesa, Tigo Pesa, Airtel Money, and Zantel Ezy Pesa account. This is TerraPay. The international mobile money transfer company has, in fact, obtained the agreement of the Central Bank of Tanzania to offer this service in the country. It has partnered with Selcom, a Tanzanian mobile money aggregator, to make it possible to send money to the various mobile portfolios present in Tanzania. TerraPay has also received a license from the Communications Regulatory Authority (TCRA) for Mobile-based home payments..."
Uganda:
The State will bear the costs of the unused production of the Karuma dam: "The Ugandan government will pay compensation to the Uganda Generation Company Limited (UEGCL) for the unused production of the Karuma hydroelectric dam, according to a decision taken by the Electricity Regulatory Authority. In fact, Uganda currently has an energy output of 873 MW against a peak demand of 570 MW. A situation that leaves a production surplus of 300 MW which unfortunately cannot be exported because of the narrowness of the national electricity grid, but above all the high cost of energy..."
Nigeria:
Benin and Niger have paid Nigeria $159 million in electricity costs (NBET): "The Republic of Benin and the Republic of Niger have paid approximately $159 million to import electricity from Nigeria. This was revealed by the Nigeria Bulk Electricity Trader (NBET) in a statement reported by the Nigerian news website The Sun. The statement was made public at the end of the 15th monthly meeting between the Minister of Energy, Babatunde Fashola, and the players in the energy sector. "NBET reporting payments made by international customers indicated that NIGELEC (Niger) and the CEB (Benin) paid $159,773,116.61 million as an electricity charge. This amount was transferred to producers and services that have provided energy to both nations," said the statement."
Nigeria will rise $5.2 billion from the World Bank to raise its electricity sector: "Nigeria is currently seeking to lift $5.2 billion from the World Bank Group to improve its energy situation. The country has asked the International Finance Corporation (IFC) $1.3 billion that it intends to inject into energy projects and its electrical distribution companies. The Multilateral Investment Guarantee Agency (MIGA), the group's political risk insurer, could also provide $1.4 billion in equity and debt securities. This share of the funding will be devoted to gas and solar power plant projects, according to Babatunde Fashola, the Nigerian Minister of Energy..."
NNPC wants to triple the domestic gas production in Nigeria by 2020: "Tripping the Nigeria's gas production by 2020 is the bet of the state oil company in charge of the country, NNPC, with the collaboration of seven partners. In fact, the company said in a statement retaken by the Reuters news agency to have identified seven projects that will enable it to achieve its objective. The aim is to increase the domestic gas production of the country by 1.3 billion currently, to 5 billion cubic feet per day. The projects identified include the Assa Nord-Ohaji Sud gas field, the OML 24 project, as well as the OML 49 Makaraba project owned by Chevron Nigeria..."
Gabon:
The Gabonese oil sector leaves little prospect of growth in the short term: ""Faced with the decline in production, combined with the lack of new discoveries, the Gabonese oil sector leaves little development prospect in the short-term," indicates a publication of the economic department of the regional management of the Treasury of France for Central Africa. According to this publication, the French subsidiary of the Total group in Gabon, which produced an average of 51,000 barrels per day (b/d), has signed an agreement with Perenco to divest its interests in five mature fields and in the Rabi-Coucal-Cap Lopez pipeline network. The agreement also provides the transfer of the operator role to other fields. The ceded production represents about 5000 b/d. Total Gabon will also transfer to Perenco the operations of the fields in Grondin Sea, Gonelle, Barbier, Mandaros, Girelle, and Pageau, while retaining its 65.3% stake. At the end of this transaction, totaling $177 million, Total would remain the second largest operator in the country. Perenco already has interests in 29 onshore and offshore licenses and now manages to produce 72,000 b/d. With this operation, it confirms its position as the leading oil producer in Gabon..."
Crédit : IMPERIUM MEDIA
