IVORY COAST:
The cocoa producers deliver their beans below the floor price: ""In Ivory Coast, the cocoa producers sell the kilogram of beans at 500 CFA Francs, a level below the minimum price set at 700 CFA francs for the intermediate campaign," reports Reuters. Among the reasons for this practice, there is the economic fragility of buyers linked to the difficult situation of exporters caused by the fall in world prices of brown gold. In the absence of pre-financing of the latter for the acquisition of beans from producers and their conveyance towards export markets, the buyers are constrained, according to Reuters, to draw on their own reserves to ensure operations. "Given that they are no longer investing in purchases, the exporters are more likely to reject beans when they are of lower quality. In doing so, in order to prevent financial losses, it is appropriate that we procure the beans at a cost lower than the basic price," said Mohamed Sylla, a buyer based in the southern region of Divo..."
SENEGAL:
300 million Dollars from the World Bank to facilitate urban mobility in Dakar: ""The World Bank will accompany up to 300 million Dollars the pilot project of fast bus system on a reserved lane in Dakar (BRT)," reports a press release on Thursday, published by the financial institution. One of the main objectives of the BRT is to reduce, almost half, the duration of journeys in public transportation between Guédiawaye prefecture and Petersen bus station in the center of Dakar (18.3 Km) during rush hour, which will transport nearly 300,000 passengers a day, according to the financial institution. "The BRT will substantially improve the conditions of travel in the Dakar agglomeration which currently has 3.5 million inhabitants and is expected to have 5 million by 2030," said Mansour Elimane Kane, the Minister of Infrastructure, Land Transport, and Senegal's Disenchantment. "The guarantee of shorter travel times and the improvement of comfort and safety level at an acceptable cost to users will achieve the objectives of economic performance and social equity targeted by this important project of the emergent Senegal plan," ensures the Senegalese authority..."
RWANDA:
81 million Dollars from the World Bank to support the transport sector: "The World Bank approved on Thursday a loan from the International Development Association (IDA) of 81 million Dollars to support the transport sector in Rwanda, according to a press release published on its official website. These funds will enable the country of Central Africa to finance the Rwandan phase of the Victoria Lake transport program (LVTP). It is a project whose objective is to improve the security and circulation of persons, goods, and services along the regional border corridor between Rwanda and Tanzania until the border crossing of Nemba and Rusizi. "The LVTP should provide better access to rural communities along the highway corridor which are heavily dependent on agriculture and livestock for their subsistence," said Muhammad Zulfiqar Ahmed, the Chief of the World Bank team in charge for the project. "And because of the poor state of this road network, the inhabitants are occasionally cut off from the rest of the country, especially during the rainy season," he adds."
BURKINA FASO:
Energy Burkina Faso: Launching of the construction of the 15 MWDC solar power plant: "The Minister of Energy, Pr Alfa Oumar DISSA, proceeded on Friday, May 26, 2017, at the launching of the construction works of the 15 MWDC solar power plant in the site of the gold mine of Essakane SA in the Sahel region. This important project is carried by the company Essakane Solar SAS. The objective set by the first managers of the solar power plant is to produce and deliver Bas-Carbon electricity at the IAMGOLD Essakane S.A mine, in order to reduce its environmental impact..."
NIGERIA:
The oil sector can attract more than 30 billion Dollars in investment, according to Senate: "In Nigeria, the oil sector could attract more than 30 billion Dollars in investment. This is what BusinessDay told the President of the Senate Committee for Gas, Bassey Akpan, after the institution has validated the bill on oil governance. "The bill relating to the governance of the petroleum industry (PIGB) could attract at least 30 billion Dollars in investment in Nigeria over the next three years," said Akpan. The purpose of the bill is to make the oil sector more transparent. Indeed, according to some analysts, Nigeria lost more than 120 billion Dollars in investment over the past 8 years due to the corruption that is plaguing the sector..."
NAMIBIA:
Galp Energia Brasil is awarded 2 exploration licenses in the Kudu gas project: "The Namibian Ministry of Mines and Energy has awarded two new research licenses to the Brazilian exploration firm Galp Energia Brasil SA. These are the PEL 82 and PEL 83 blocks, of which it is also the operator with 80% interest. Its partners, the state oil company NAMCOR and Custos Investments, a local investment company, share equally the remaining shares. PEL 82 and PEL 83 cover an area of approximately 20,000 km2. Galp Energia Brasil plans begin the first exploration works starting from the end of this year. They will include geological and geophysical studies, and new 3D data acquisition on 2,500 km2 in each license before the end of the period of validity of the exploration license. For PEL 82, it is three years, and for PEL 83, it is four years. Furthermore, Pedro Marques Pereira, the Spokesman of the Brazilian company, said that Galp will soon open a permanent office in Windhoek, the Namibian capital..."
Crédit : IMPERIUM MEDIA
