Senegal:
Financing of the economy: Bnde, Bhs, Cncas, inefficient structures: "Financing structures like the National Bank of Economic Development (BNDE), the Housing Bank of Senegal (BHS), and the National Fund of Agricultural Credit (CNCAS) are inefficient and undermine the action of the financial centers (investment structures with capital) notably the Sovereign Fund of Strategic Investments (FONSIS) and others. This is explained by a sharp lack of synergy of actions between the aforementioned banks..."
Kosmos announces a major new discovery of gas in Senegal: "The energy company Kosmos has just made a new discovery of an important natural gas deposit in the deep offshore Kayar block after the drilling of the Yakaar 1 exploration well, located off Senegal and Mauritania. This discovery is greater than that discovered by the same American company more than a year ago. "The "Yakaar-1" well is located in the deep offshore Cayar block about 95 kilometers north-west of Dakar, in almost 2,550 meters of water. The well was drilled to a total depth of approximately 4,700 meters," notes a statement from Kosmos reached the editorial Board of Seneweb…"
Ghana:
Energy: Ghana would become an exporter of electricity in four years, according to the WB: ""Ghana will be able to export electricity towards its African neighbors which are Burkina Faso, Ivory Coast, and Togo, within four years," predicted on Friday the country manager of the World Bank, Henry Kerali. According to Mr. kerali, quoted by the agency Xinhua, the investments made by the country in the energy sector have resulted in the situation where surplus electricity production would require the export of part of the production to the neighboring countries..."
Ivory Coast:
Ivory Coast: The fiscal policy distressed after the drop in cocoa prices: "The drastic fall of 40% in cocoa prices since July 2016 strikes the key sector of the Ivorian economy, which accounts for 50% of the country's exports. "It is the confusion in the countryside," worries Benoît Kadjo, a cooperative in the east of the country. "This decline distorts our forecasts; we had stored our crop in hopes of benefiting from an edge price (paid on the plantation) of at least 800 CFA francs (1.22 euro) per kilogram of beans and not 700 CFA francs, as proposed to growers since early April," explains this professional of the sector who fears large-scale smuggling to neighboring Ghana, where producer prices are more attractive..."
More than 500 delegates will make the bet of the French-language audiovisual creation at the next Discop Abidjan: "With nearly 500+ participants already expected, the company Basic Lead, installed in Abidjan for two years and the organizer of the 3rd edition of DISCOP Abidjan at SOFITEL IVOIRE HOTEL scheduled from 30 May to 1 June next year, will place Francophone audiovisual creation, vivacious and audacious, at the center of the show, which is part of the African audiovisual landscape as one of the two most important annual meetings for the players in the audiovisual economy of the Hemisphere, with that of Johannesburg which takes place at the end of October..."
Ivory Coast is seeking $45 billion in the sub-regional financial market: "A press release from the management and debt planning agency UMOA-Securities informs that the General Directorate of Public Accounting and Treasury of Ivory Coast will launch in the market of the West African Monetary Union (UMOA) an emission of bonds and of assailable obligations of treasury by simultaneous tendering procedure and on an amount of 45 billion at different maturities..."
Nigeria:
Nigeria imports more than $1.2 billion worth of paper per year: "Nigeria imports every year more than 400 billion naira ($1.2 billion) of paper because of low local production, reports Leadership. According to the information site, 90% of paper used in newspaper printing is imported. A situation that results from the fact that "the country's forests do not have enough pulpwood (which is used in the manufacture of paper) to meet the national paper demand," said Ebun Braithwaite, the General Manager of the Nigerian Paper Manufacturing Company (NNPMC)..."
Mozambique:
Production of cashew nuts reached its highest level in 30 years: "At the end of the 2016/2017 campaign, Mozambique produced 137 000 tons of cashew nuts, 17 000 tons more than expected and the biggest crop in 30 years. This is what llidio Bande, the Manager of the National Cashew Institute (Incaju) in Macauhub. According to Mr. Bande, this increase in production is largely due to well-distributed rainfall, despite the downward trend in the south of the country."
Togo:
The IMF approves three-year Program of $241.5 Million under the Extended Credit Facility (FEC): "In support of the country's economic and financial reforms, the International Monetary Fund (IMF) will award a financial envelope of $241.5 million to Togo under the Extended Credit Facility program. This three-year loan with an immediate disbursement of $34.5 million "will support the efforts made by the authorities to consolidate public finances, while preserving the necessary space to commit spending to fight poverty," said Tao Zhang, the Deputy General Manager of the IMF in a press release on the official website of the institution..."
Niger:
Savannah Petroleum acquires a drilling platform to go to the oil assault of the PSC R3: "In Niger, Savannah Petroleum is preparing to launch another offensive on Agadem's oil. In this context, the British company announced on Monday that it has signed a lease agreement with drilling platform provider Great Wall Drilling Company Niger Sarl (GWDC). It will put at its disposal the GWDC 215 platform. The agreement is part of the execution of the next drilling campaign on the RSC PSC, located onshore. As a reminder, it was the GW 89 platform that was planned to carry out this work until the two companies decided to execute them with the GWDC 215 platform for greater operational efficiency. The contract provides for the deployment of the platform for performing the drilling of three wells with an option for six other wells. The amount of the transaction was not disclosed..."
MALI:
The gold production could decline slightly in 2017: ""In Mali, the industrial gold production could fall slightly from 46.9 tons to 45 tons in 2017," said Lelanta Hawa Ba, the National Director of Geology and Mines, in statements relayed by Reuters. With artisanal mining (which should be 4 tons), the total production of Mali should be 49 tons, down slightly from 50.9 tons last year..."
Crédit : IMPERIUM MEDIA
