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The Pan-African Economy in Brief of 21/04/2017

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SENEGAL:
Implementation of 4 new CAAs: The IDB injects 47 billion Dollar for the agricultural development: "The Islamic Development Bank (IDB) has injected no less than 47 billion CFAF for the establishment of four new Community Agricultural Areas (CAAs) at Boulel (Kaffrine) in the Niombato at Fatick, at Fafacourou (Kolda) and Dodji in the department of Linguère. This project aims to create 30,000 jobs. The Manager of the IDB's Department of Agriculture and Rural Development, Amadou Thierno Diallo, has announced the financing of several other projects in Senegal..."

Money transfering of Senegalese abroad: 956 billion CFA Franc sent to Senegal by the emigrants: "The State has its eyes riveted on the money of the Senegalese abroad. Yesterday, the Minister for the Budget, Birima Mangara, faced the Economic, Social and Environmental Advisors to reflect on the strategy to be implemented for a more efficient use of funds sent by the emigrants to Senegal..."

Ibrahima Sène reacts to the Moody's notation on the performance of Senegal: "This presentation of the performances of the Economy of Senegal under Macky Sall, particularly since the advent of the PSE, is an unequivocal response to the pessimism that the World Bank and the IMF have attempted to distill on it and its prospects, particularly with regard to indebtedness, making the cabbage fat to an opposition in bad argument to criticize this economic policy "voluntarist government in the sectors of infrastructure, transport and agriculture" which is based on public investment, but also the efforts of the Senegalese government to consolidate its tax system..."

 

CAMEROON:
The IMF expects a decreasing growth in Cameroon: "This 2017 year, the Bretton Woods institution put it at a 3.7%, according to the latest forecast published on Tuesday, the 18th of April. This year again, the country's growth rate should continue to decrease according to the latest forecasts published in Washington on Tuesday, the 18th of April, on the occasion of the traditional meetings of the International Monetary Fund (IMF)..."

Energy: The State grants to the EDF the electricity generating in the Sanaga River for 35 years: "The Minister of Water and Energy Basile Atangana Kouna and the General Manager of Nachtigal Hydro Power Company (NHPC) Olivier Flambard sign in Yaoundé this Thursday, the 20th of April, 2017, the electricity generating concession agreement as part of the hydroelectric project of Nachtigal Amont..."

 

IVORY COAST:
Ivory Coast, leader in the WAEMU area with a banking rate of a 16% (APBEF-CI): "The new president of the Association of Professionals of Banks and Financial Institutions of Ivory Coast(APBEF-CI) Guy Koizan announced on Wednesday a banking rate of a 16% in 2016, a score which, according to him, allows the country to occupy the leading position in the West African Economic and Monetary Union (WAEMU) area..."

62% of UniCredit now in the hands of institutional investors: ""Some 62% of UniCredit's capital is held by institutional investors after the 13 billion Euro capital increase in February," said the bank's General Manager on Thursday. "In addition, the individual shareholders hold a 13%, the sovereign funds 10% and the foundations 6%, while "other" shareholders control the remaining 9%," detailed Gianni Franco Papa during the general gathering, which approved a 99.4% of the 2016 balance sheet marked by a record loss of more than 11 billion Euro..."

Health districts of the South integrate the FBP project: "The health districts of Gbôklè-Nawa, San-Pedro and South Comoé officially integrated on Thursday the "Performance-Based Financing" program, a new approach to health in Ivory Coast which integrates government initiatives to better ensure access and quality care to the population especially to the most vulnerable layers... "

 

BURKINA FASO:
Cooperation for the development: The Hyjazi group settles in Burkina Faso with a shopping center: "The president of Faso Roch Marc Christian Kaboré received in audience the CEO of the Hyjazi Group, specialized in the distribution of food products, Hassan Hyjazi, at the presidential palace in Kosyam, on Thursday, the 20th of April, 2017. On the menu of exchanges, there was question of building a shopping mall in the Zone of Commercial and Administrative Activities (ZACA), not far from the airport, at a cost of 22 million Euro or about 14 billion 300 million CFA Franc..."

Strategic Plan 2016-2020 of the National Assembly, about 5 billion CFA Franc announced by the TFP: "The second consultation framework for Technical and Financial Partners (TFPs) of the National Assembly was held in Ouagadougou. On the occasion, more than 4.5 billion CFA Franc have been promised to the deputies for the operationalization of their Strategic Plan 2016-2020..."

 

 

Crédit : IMPERIUM MEDIA

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