SENEGAL:
More than 184 Billion CFA Francs from the WB to facilitate Urban Mobility in Dakar: "The World Bank intends to support the rapid bus system pilot project on lane reserved for Dakar (BRT), which aims to reduce nearly half the duration of the journeys in public transportation, between the prefecture of Guédiawaye (suburbs of Dakar) and the Petersen bus station in the center of Dakar (18.3 km) during rush hour. "BRT substantially improves travel conditions in Dakar area which currently has 3.5 million inhabitants and is expected to have 5 million in 2030," said Mansour Elimane Kane, the Minister of Infrastructure, Land Transport, and the Opening-up of Senegal. According to him, the guarantee of shortest journeys' time, improving the level of comfort and safety, at an acceptable cost for users will achieve economic performance and social equity affected by this important project of the emerging Senegal plan (PSE)..."
Increase in net foreign assets of the BCEAO at the end of March 2017: "These net external assets (difference between claims on non-residents and commitments to non-resident same) are valued at 4,743.9 billion CFA Francs against 4,434.6 billion CFA Francs at the end of February 2017. Claims on non-residents were 6,722.6 billion CFA Francs (against 6402.4 billion CFA Francs the previous month), where the commitments to these non-residents reported at 1,978.7 billion CFA Francs (against 1967.8 billion CFA Francs previously). As for the debts of the BCEAO on the other depositary institutions of the West African Economic and Monetary Union (WAEMU), they are at 4,478.9 billion CFA Francs against 4655.8 billion CFA Francs at the end of February 2017, an increase of 176.9 billion CFA Francs..."
UGANDA:
The IMF expects a growth of 6.5% by 2021 under the impetus of oil production and major infrastructure projects: "The International Monetary Fund (IMF) announced on Wednesday that by 2020 or 2021 the Economy of Uganda should increase from 6 to 6.5%. The financial institution relies on extensive infrastructure projects by the executive led by Museveni. The Operation of the oil fields should also push the economy of the east African nation to reach its performances of the years 2000. More precisely, the Bretton Woods institution evokes several major projects, including hydroelectric generating stations, highways, oil pipeline, extensive railway network, and refinery. "As soon as the infrastructure projects will be more or less completed and that oil will begin to flow, we anticipate a growth of 6 to 6.5%," said to Reuters, Clara Mira, the IMF Representative in Uganda. However, the slowdown of FDI, due to the decline of economies in Europe and elsewhere, they constitute an obstacle for the Ugandan economy. Similarly, chronic instability in east Africa, especially the situation in DR Congo, Somalia, Burundi, and especially in Southern Sudan, which constitute the regional key destinations of Ugandan exports, continues to hinder trade exchanges..."
GUINEA:
Guinea received 44.7 million Dollars from the World Bank to have a digital identification system: "The Minister of Posts, Telecommunications, and Digital Economy, Moustapha Mamy Diaby, has unveiled the ambition of Guinea to have an identification system. Speaking on the subject during the Council of Ministers held on May 19, the head of the ICT sector and national telecommunications reported that the Country has received, for this purpose, a financial support of 44,750,000 US Dollars from the World Bank. According to the ministerial authority, the digital identification system in the Republic of Guinea will have four main advantages: "Facilitating the establishment of a reliable population database for better governance and good coordination in the provision of public utilities basic; facilitating access to Guinean citizens for public services (civil status, health, education, social security, etc.); providing reliable statistics to build coherent development programs and projects while enabling to make substantial economies eliminating unnecessary duplications; and facilitating the appropriation by Guinea of the ECOWAS tools and guidelines..."
Unions sneeze, the banking sector grips: "The Unions have finally put their threat into action. After the failure of interminable negotiations on social claims with their bosses, they activated the sector locking mechanism which had been suspended at a deadline. Yesterday, Tuesday, banking and insurance professionals have paralyzed the country's banking system by triggering a "general" and "unlimited" strike. The country, almost at the stop, felt the shock wave. It was Plan B of the Unions. Customers of private banks have waited this Tuesday morning that the curtains of their agencies stood up. In vain! At the call of the autonomous federation of banks, insurance, and micro finance of Guinea (FESABAG) and the Association of Professionals of Banks, the Sector has initiated a general strike described as "Unlimited"..."
Crédit : IMPERIUM MEDIA
