CAMEROON:
Towards the funds placement of the Pension Fund of the BEAC: "The Bank of Central African States (BEAC) has just launched an open international selection notice of the funds placement of its Pension Fund (CRBC) in financial assets denominated in CFAF in the zones of the Economic and Monetary Community of the States of Central Africa (EMCSCA) and of the West African Economic and Monetary Union (WAEMU)..."
SENEGAL:
Senegal, the 2nd beneficiary of remittances behind Nigeria: "Senegal is the second African country to have received the most funds in 2016. This is reflected in the World Bank report on "Migration and Remittances: Recent Developments and Prospects", made public in the margins of the World Bank Group and IMF Spring Meetings. According to the document, the country of Téranga has received 2 billion Dollars, about more than 1000 billion CFAF, in 2016. It arrives behind Nigeria, the most populous country in Africa that received 19 billion, equivalent to 10 000 billion CFAF in the same year..."
The Sendou power station could lose the AfDB financing for lacking conformity: "The board of directors of the African Development Bank (AfDB) has approved the assessment of the admissibility of a compliance audit of the project to build a 150 MW coal-fired power station in the village of Bargny Minam in Senegal, financed by the AfDB," said the financial institution in a statement. The experts of the Independent Inspection Mechanism of the Bank will therefore carry out thorough investigations to determine whether the people's fears are justified. In fact, two separate groups have addressed similar preoccupation to the AfDB about the environmental and health consequences of the infrastructure that could lead to pollution of the surface and underground waters of the region..."
80 billion CFAF in the wind: CNCAS, in the footsteps of an ignoble scandal: "The banking Commission of the BCEAO has estimated about 80 billion CFAF the outstanding debts to the National Fund of the Agricultural Credit of Senegal (CNCAS). The most disastrous is that some loans have been granted to individuals or entities without the smallest guarantee. Worse still, some beneficiaries have no connection with agriculture..."
IVORY COAST:
Education: Ivory Coast nominated for the second time at the Global Inclusion Awards: ""Ivory Coast, through the Financial Education Program (FEP) of the Ministry of National Education, Technical Education and Vocational Training, is nominated for the second time at the Global Inclusion Awards, whose 2017 edition is held in Berlin, Germany, on 3th of May, 2017," announces a press release from the ministry whose AIP has received a copy. This award is an initiative of the worldwide Child and Youth Finance International (CYFI) network. It rewards each year countries, governments, organizations, natural and legal persons "that achieve greatness and demonstrate innovation in financial, social and livelihood education, financial inclusion and entrepreneurial support for children and youth at the national, regional and international levels," says the statement..."
Ivory Coast adheres to the African Trade Insurance Agency: "By offering insurance products to banks and investors, the organization promises to support the investment and in turn the growth in the countries of the region. Yamoussoukro is taking another step to boost the Ivorian economy. With its membership in the African Trade Insurance Agency (ACA) announced today, Ivory Coast becomes the third country to join the organization, only six months after Ethiopia and Zimbabwe, which became members in 2016. The rapid growth in the members' number is an essential element of the ACA medium-term plan aimed at broadening its scope and better allocating the risk among African countries..."
Ivory Coast plans to issue a third Eurobond of 1 billion Euros by July 2017: "Taken by the throat by the decrease in cocoa prices, the world's largest producer of beans would consider using the international financial markets where it would issue its third financial obligation in July, according to information from Bloomberg. At the same time where the cocoa producers - of which Ivory Coast is the most important on a global scale - seek to stem the fall of prices that weigh heavily on their incomes, the Ivorian executive plans to use a Eurobond once again..."
Ivorian banking institutions: The BNI and the Caisse d'Epargne remain, for the moment, in the fold of the State: "According to the government newspaper that gives the information, the BNI and the CNCE will ultimately remain in the public sphere. The information was given by the Ivorian Prime Minister during his recent visit to Washington in the spring meetings of the Bretton Woods institutions..."
MALI:
Morila Mine: The agribusiness in place of gold...: "The Morila gold mine closes its doors in 2019. To minimize the economic impact of this closure, the company Randgold ambitions to convert the site into a large agricultural "agribusiness" shopping center. This project is being developed on the Morila mine. The announcement was made by the General Manager of Rangold Mark Bristow during a press conference held in Morila on Tuesday, April 25, 2017..."
Crédit : IMPERIUM MEDIA
