GHANA:
The COCOBOD is seeking the financial support from the Central Bank to continue its cocoa purchasing: "The Ghana Cocoa Council (COCOBOD) is considering raising funds from the Central Bank of Ghana to carry out its brown gold purchasing operations during the mid-2016/2017 cocoa season from July to September. This is entrusted to Reuters by two sources close to the file that requested anonymity. This appeal to the public institution follows last March's depletion of funds mobilized under the syndicated loan of 1.8 billion Dollar for the pre-financing of its purchases of cocoa during the 2016/2017 season..."
The revaluation of electricity purchase contracts saves 300 million Dollar: "The reevaluation by the Ghanaian government of electricity purchase contracts, concluded by the previous executive, saved 300 million Dollar. According to Mahamudu Bawamia (photo), the vice-president who announced the news, 43 energy projects reviewed, 20 have been canceled, 4 will continue while the remainder is postponed from 2 to 4 years..."
IVORY COAST:
Ivory Coast takes over the African banana leadership following a drop in the Cameroonian exports of 30 000 Ton in 2016: "The banana producers serving in Cameroon exported 249,610 Ton throughout 2016. These statistics published by the Banana Association of Cameroon (ASSOBACAM) reveal a drop of nearly 30 000 Ton, compared to the 279,493 Ton of bananas exported by Cameroon in 2015, according to statistics from the National Port Authority (NPA)..."
New financing to develop the Abidjan airport: "After a first loan granted in 2012, Proparco renews its commitment to Aeria, a concession company of Felix Houphouët-Boigny airport in Abidjan, with a second loan of 13 million Euro over 11 years. The first funding allowed to accompany the program of expansion and modernization of the airport. This second line of loan will strengthen the capacity of the airport, in a context of steadily increasing traffic..."
GUINEA:
The Orange company condemned to pay 1.6 million Dollar for "fraudulent exploitation" of a song by the artist Khady Diop: "The Orange Guinea telecoms operator has never obtained permission to exploit for commercial purposes the song "Moumma ", an excerpt from the album "Mes couleurs d'ébène" by the artist Khady Diop.Or, the company levied 2,050 Guinean Franc (0.22 Dollar) per month on the account of the subscriber who subscribed to this song..."
KENYA:
The construction works of Olkaria V will start next month: ""The construction works of the Olkaria V geothermal power factory in Kenya will start in May 2017," according to the statements of Joseph Njoroge, the Minister of Energy. A new stage of the project made possible by the mobilization of the necessary funds for its implementation. "We should start the works in May because we have managed to mobilize most of the funding. We have obtained the support of several investors, with the JICA (Japan International Cooperation Agency ed) as its main donor," said the official..."
BENIN:
More than 500 billion Franc raised for the energy sector according to Patrice Talon: ""The Benin government has managed to mobilize 500 billion CFA Franc (815 million Dollar) to finance its energy sector," the President Patrice Talon told RFI. "Within a few months, we have succeeded in having the expression of proven interest of several international groups that will invest more than 500 billion CFA francs in the energy sector," he said.
GABON:
Gabon Oil Company is considering gas exploitation at the Mboumba site: "After announcing the increase in its production over a fiscal year, from 1000 to 1300 barrels/day, the General Manager of Gabon's national oil company, Arnaud Engandji, announces the launching of several gas projects in the Mboumba site. According to the General Manager, the company plans to be accompanied in this project by a technical partner capable of transmitting technical expertise to its staff, and financially following its ambitions..."
TANZANIA:
Vodacom is seeking the extension of its IPO whose subscription is weak: "The predictions of Ian Ferrao, the General Manager of the mobile operator Vodacom, concerning the strong appeal of the public to the Initial Public Offer (IPO) of the company for its entry into the Dar Es Salaam Stock Exchange (DSE), once the deadline has passed, will not be realized. "At 24 hours from the close of the transaction (April 19th, 2017), open only to national investors, the IPO has still not recorded the volume of subscriptions desired," explained to Bloomberg, Fortius Rutabingwa, a financial advisor with Orbit Securities Ltd, chief broker for the IPO of Vodacom..."
SENEGAL:
ARTP launched a public call to candidates for the entry of new MVNOs in the telecom market: "In order to further diversify the offer of telecom services and maintain competition for better quality of service and lower costs, the Telecommunications and Postal Regulatory Authority of Senegal decided to introduce new players into the national telecom market. In the 12th of April, 2017, the telecoms regulator has launched a public call for candidates for the licensing of mobile virtual network operator (MVNO). The operation is open only to national investors..."
Senegal ranked 8th out of 24 African countries: "Senegal is ranked 8th among the 24 African countries with the best electrification rates, according to the World Economic Forum's 2017 Global Energy Architecture Performance report. Although it has not reached the figure of 100%, "Senegal is ranked 8th out of 24 African countries with the best electrification rates," says the Ministry of Energy and Renewable Energy Development (MEDER) in a statement..."
CAMEROON:
113.086 billion FCFA of the IBRD for the development of the transportation sector: ""The International Bank for Reconstruction and Development (IBRD) will grant a loan of about 113.086 billion FCFA to Cameroon, for the financing of the transportation sector development project," said official sources on Tuesday. This announcement follows the approval, at the end of October 2016 by the Board of Directors of the World Bank, of the loan to accompany the country's current and future investments in this field, with a concrete project to reinforce the safety and efficiency of transport on the Babadjou (West) -Bamenda (North-West) axis, and to increase the security of several international airports in the country..."
Business: The Eastern Region is calling for a BEAC representation: "It will notably support the economic activities with promising prospects, according to participants in the meeting of assessment of the economic situation of the Region, held in Bertoua on Wednesday, the 12th of April, in the services of the Governor..."
Crédit : IMPERIUM MEDIA
