IVORY COAST:
Ivory Coast expects production of 350,000 tons of cotton in 2017/2018: ""In Ivory Coast, the forecast related to cotton production in 2017/2018 amounted to 350,000 tons," Christophe N'Dry, Executive Secretary of the Association of Ivorian Ginners, told Reuters. While this figure marks a slight increase of 10,000 tons compared with the previous season, it is still less than 450,000 tons harvested during the 2014/2015 season. Ivory Coast, the third West African cotton producer behind Burkina-Faso and Mali, plans to harvest 600,000 tons by 2020. In order to achieve this production objective, the Eburnian nation has in recent years put on a strong valuation of the guaranteed price to the producers. At 265 CFA Francs/kg in 2016/2017, this price is the highest in the West African region..."
GHANA:
The debt of Cocobod amounted to 2.2 billion Dollars: "The debt of the Ghanaian Cocoa Council (Cocobod) is close to 10 billion Cedis, i.e. 2.2 billion Dollars," Bloomberg reports. This record level of indebtedness is due to several factors. Internally, according to Noah Amenyah, spokesman of Cocobod, the institution did not meet its targets in terms of export earnings last year. This is due to lower than expected production. While anticipating a harvest of 850,000 tons, the council had to settle for 778,000 tons because of an unfavorable meteorology. Thereby, the regulator could not bear the costs of some of its projects. At the same time, Mr. Amenyah stressed that the cost of building roads in the cocoa production areas during the last production season were five times the annual revenue requirement of 150 million Dollars..."
BURKINA FASO:
The World Bank is accompanying PASEL to the tune of 80 million Dollars: "The World Bank has allocated to Burkina Faso 48 billion CFA Francs (about 80 million Dollars) for the implementation of the project to support the electricity sector (PASEL). This funding, which is the second granted by the institution to the project, will essentially focus on the integration of solar energy into the national energy mix and the strengthening of the electricity grid. In addition, a share will be devoted to strengthening the capacities of the players in the sector, as well as to assisting in the development of projects with independent energy producers. "The World Bank is ready to accompany the government which ambitions to cover 100% of its electricity needs in urban areas and 40% in rural areas by providing reliable and affordable electricity by 2025," stressed Cheick Kanté, resident representative of the World Bank in Burkina Faso..."
CAMEROON:
By 2019, Eneo targets 35 MW of solar power in the three northern regions: "The company Eneo, a concessionaire of the electricity utility in Cameroon, is preparing to launch a call for expressions of interest, with a view to the recruitment of a service provider to install a solar power plant with a capacity of 10 MW in Ngaoundere city, the regional capital of Adamaoua in the northern part of Cameroon. According to Eneo, this solar power plant should be operational by 2019. At the same time, according to internal sources, to this company controlled by the investment fund British Actis, it projected the construction of two other solar power stations in the cities of 2 other regions of the north. They are Maroua (15 MW), in the extreme north region, and Guider (10 MW) in the northern region..."
NIGERIA:
Nigeria wants to raise 1.2 billion Dollars to improve its oil refining capacity: "On Thursday, June 8, 2017, Ibe Kachikwu, the Nigerian minister in charge of oil, declared that his ministry is working to put in place a plan to raise 1.2 billion Dollars. "These funds will be used to improve the production capacity of the country's oil refineries," reports Reuters. This should allow it to turn its back on refined petroleum imports by 2019. "We have put in place a technical commission that prepares a document to that effect. This document must be endorsed by the Federal Executive Council before being presented to interested parties," the official explains. The public refineries produce daily 6 million liters of fuel, while demand is 35 million liters. The difference comes from imports..."
In 2016, Nigeria spent 14.9 billion Dollars on imports of refined oil: "Although being one of the largest producers of black gold in the African continent, Nigeria imports 5/6 of its daily consumption of petroleum products. In 2016, these imports amounted to 14.9 billion Dollars, which represents the equivalent of 30% of the foreign currency of the Central Bank of Nigeria. The local refineries produce 6 million liters per day, while the total daily consumption of the federation is 36 million liters. This situation finds its explanation in the dilapidation of refining facilities, according to Kachikwu. According to the minister of oil, Ibe Kachikwu, imports were 20 million tons between January and December 2016..."
Crédit : IMPERIUM MEDIA
