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  • The Pan-African Economy in Brief: Thursday, May 25, 2017

The Pan-African Economy in Brief: Thursday, May 25, 2017

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GAMBIA:
Yahya Jammeh suspected of hijacking nearly 30 billion CFA Francs: "The Gambian justice has proceeded, on Monday, May 22, to freeze the property of the former President Yayah Jammeh, suspected by the authorities of having diverted nearly 30 billion CFA Francs. The announcement made by Abubacarr Tambadou, the justice Ministry, is that there are more than a hundred landholdings, 88 bank accounts, luxury cars, 14 companies in the name of Jammeh or its associates, as well as livestock which are the subject of seizure by the judicial authorities of the country chaired today by Adama Barrow..."


IVORY COAST:
More than 80% of rural populations do not have access to reliable financial services (PAPU): ""More than 80% of populations in rural and semi-urban areas do not have access to reliable, affordable, and secure financial services," said on Monday the coordinator of the Pan-African Postal Union (PAPU), Amadou Bella, at the opening of the regional workshop on digital financial services and financial inclusion in Grand-Bassam. According to Mr. Bella, the financial inclusion by digital can change this for low-income households which are not served or badly served by financial services..."

The administrators of BRVM and DC/BR participate in a strategic seminar (Statement): "The boards of directors BRVM and DC/BR have met in Abidjan on Wednesday on the occasion of a strategic seminar under the theme "Strategy, Sustainable Development, and the Impact of Technology on the Development of Capital Markets." "During this seminar, the administrators have examined the major issues arising from the technological evolution and the digitization of financial activities, namely Big Data, Crowdfunding, BlockChain, and Corporate Social Responsibility (CSR)," according to a press release from the BRVM transmitted to the AIP..."


SENEGAL:
Sub-Saharan Africa: Senegal, the 8th country with the highest rate of access to electricity: "On the sidelines of a training workshop, organized by APIX for the country's economic journalists, Mr. Dia has affirmed that this ranking should allow the country to begin an unprecedented transformation in the field of electricity. He also said that Sénélec is a company serving the well-being of its consumers. For him, Senegal has 200 megawatts of reserve. It is more than the consumption of Mali, twice that of Mauritania..."

Macky Sall calls for recapitalization of the AfDB: "The President Macky Sall called, in Ahmedabad, India, on Tuesday, in the margins of the 52nd annual meetings of the African Development Bank (AfDB), to a recapitalization of this Pan-African bank in order to better respond to the priorities of its member states. Taking part in a debate on "leadership for the transformation of agriculture", Mr. Sall also pleads for "reinforcing" the capacities of this financial institution. "Let the Africans themselves appropriate this structure that the non-regional [Member States] also can strengthen the resources of the AfDB, so that our problems of development are reached," urged the head of state to the leaders of the financial institution..."


MALI:
Annual Work Program 2017: The Fier project tables 6.89 billion: "The opening ceremony of the works was presided over, at the National Council of the Patronage of Mali (CNPM), by the Minister of Employment and Vocational Training, Maouloud Ben Kattra, in the presence of the project coordinator, Dr. Héry Coulibaly. The PTBA 2016 focused essentially on the implementation of investment activities, operationalization of resource centers, continuation of activities to facilitate the emergence of young projects, institutional support to ministry structures, and recruitment of staff from Regional Coordination Units (RCUs) of Kayes and Ségou, for a total cost estimated at 2,204 billion CFA Francs," said the Minister Ben Kattra..."

Assembly of Public Employment Services in Morocco: Mali assured to be taken to the presidency in 2018: "At the invitation of the Shereefian kingdom, the political authorities and the African public employment services are in conclave in Casablanca (Morocco) to floor, for two days, from May 15 to 16, 2017, on the issue of employment with a view to setting up a framework for exchanges, consultation, and action to strengthen South-South cooperation in the fields of employment promotion and for the development of skills for shared growth in our continent. The opening ceremony took place at the Sofitel in Casablanca under the presidency of the Moroccan Minister of Employment and Social and Occupational Integration, in the presence of five other counterparts in the continent, including ours in the person of Mr. Maouloud Ben Kattra, the Acting Executive Secretary and the President of the World Association of Public Employment Services (WAPES). It is about twenty delegations who actually made the trip from Casablanca to take part in the General Assembly constituting this new framework for pooling experiences, energies, and resources to address the many and many challenges facing the continent with view to combat unemployment and underemployment, but also to acquire competent human resources and tailored to labor market requirements at the national, regional, and international levels. The Malian delegation is led by the Minister of Employment and Vocational Training, Mr. Maouloud Ben Kattra, accompanied by the Managing Director of the National Employment Agency (ANPE), Mr. Ibrahim Ag Nock, and the Head of the ANPE Migration Cooperation Department, Mr. Bréhima N. Sidibé."

Multi-year Road Maintenance Program 2017: More than 19 billion CFA Francs to rehabilitate our roads: "Mrs. Traoré Seynabou Diop, the Minister of Equipment and Openness, and Dr. Nango Dembélé, the Minister of Agriculture, were welcomed at the entrance of the rural commune of Kifosso 1 by a joyful crowd. As soon as it arrived, the ministerial delegation was conducted inside the town of Kifosso 1 where the launching of the Multi-Year Road Maintenance Program 2017 will be held. The joy of the inhabitants of this locality and its surroundings was immense in judging by the words of the mayor of the commune, Mr. Bourama Goita. According to the latter, the rehabilitation of their road will strengthen the economic capacity of the Yorosso circle, which, he said, "is a cotton area by excellence with an annual production of 1,347,720 tons, i.e. 38.12% of the sector's production in Mali." For the mayor, the people of his commune are very happy to welcome this great project..."

 

 

Crédit : IMPERIUM MEDIA

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