TANZANIA:
The Netherlands Will Inject 4 Million Dollars in Potato Production: "The Dutch Ministry of Economic Affairs will finance the construction of a center for the development of potato industry in Tanzania, in the southern city of Mbeya, to the tune of 4 million Dollars, reports the potatobusiness site. Along with this government support, 9 Dutch companies active in the sector will also contribute to the building of infrastructure, which is scheduled to be completed by the end of this year. "This center can have a significant impact on research and training. It could take the local potato industry off the ground," explains Mathew Mtigumwe, Permanent Secretary to the Ministry of Agriculture. "We will provide support at all levels of the industry's value chain, from production to conservation, through processing and marketing. Increasing potato production is expected to generate significant financial resources for the benefit of the rural economy," indicates Frank Wijnands of Wageningen Plant Research, a Dutch research university..."
ZIMBABWE:
Record Crop of Maize Will Drive Economic Growth to 2.7% in 2017: "In Zimbabwe, the exceptional anticipated corn harvest will bring economic growth to 2.7% this year, against only 0.7% in 2016, reports Reuters quoting World Bank forecasts. The volume of cereals is expected to reach 2.1 million tons, marking a return to self-sufficiency for the country after the severe drought recorded two years earlier. While this improvement is likely to strengthen the contribution of the agricultural sector to gross domestic product (GDP), for all that, everything is not rosy for the Zimbabwean economy. As the financial institution points out, the country's total debt should continue to grow, raising the need for the Government to reduce its budget deficit..."
CAMEROON:
6 IPOs and New Borrowings Announced on the Rating of Douala Stock Exchange: "According to Jean Claude Gbwa, the President of the Cameroonian Committee of Financial Markets, a process is underway for the introduction of six new companies in Douala Stock Exchange, the Cameroonian financial market, based in the economic capital of Douala. The information given in early May 2017 at the 16th session of the Francophone Institute of Financial Regulation (IFREFI) which was held in Libreville, Gabon, was only recently made public. Mr. Gbwa, on this occasion, added that new bond issues are planned, particularly from mixed capital companies. Since its creation, the Cameroonian financial market, presented by the country's leaders as an alternative instrument of access to finance, is struggling to fully play its role. Only three companies with a majority of foreign capital, including two from the same group (Safacam and Socapalm), are present in the rating. The bond compartment is more driven by institutional and public borrowing..."
UGANDA:
The Central Bank Reduces Its Key CBR Rate by 1 Percentage Point to 10%: "In Kampala, on Monday, BoU (Central Bank of Uganda) lowered its key rate CBR destined to regulate interbank short-term lending rates at 10%. This reduction of 1 percentage point aims to contain inflation below 10% and reduce the credit cost in order to boost the economic growth of the East African country. The downward revision of this month of June is added to the three others since December 2016 to contain internal pressures which contributed to the weak results showed in fiscal year 2016/2017. From 12% in December 2016, this rate passed to 11.5% in February, 11% in April, before falling to 10% on Monday. Emmanuel Tumusiime Mutebile, the Governor of the Bank, explains the effectiveness of these successive measures by increasing credit to the private sector since December 2016. According to the official, credit to the private sector increased slightly passing from 7.2% in last November to 7.5% in February this year..."
NIGERIA:
Nigeria Is Developing an Energy Database: ""Nigeria is developing an energy database that will show local settlements and energy demand profiles," said on Tuesday Yemi Osinbajo, the President-in-Office of the country. On Tuesday, at the inauguration of the Nigerian Round Table on Renewable Energy in Abuja (the country's capital), the President-in-Office indicated that the Government had undertaken to make "obsolete" the operators of generating sets in rural areas by meeting the energy demand of rural communities through a sustainable renewable energy solution. Speaking in public, the official said that more than 20,000 households would be equipped with a solar energy system as part of the first phase of the Government's sustainable renewable energy solution. "The purpose of this plan is to expand the domestic solar energy system program to one million homes, thereby creating a few million additional jobs," added Mr. Osinbajo..."
BURKINA FASO:
Mining Exploitation in Burkina Faso: Quitus for a New Gold Mine in the Tapoa: "The Minister Idani welcomed the signing of the Convention to the extent where it enshrines the contracting process between SEMAFO and the Burkinabe State. According to him, the document of the convention indicates investments of 138 billion CFA Francs. "The expected production is 39 tons of raw gold. This represents significant export earnings for Burkina Faso. Expected contributions to the State budget are of the order of 166 billion CFA Francs. Five billion will be injected into social achievements for the benefit of the local populations. It is also planned to create more than 700 direct jobs and 500 indirect jobs," he said."
Investment: AFD and AfDB Are Working Together on Solar Energy in Burkina Faso: "Clean, sufficient, and inexpensive energy is the new challenge facing the French Development Agency (AFD) and the African Development Bank (AfDB) in Burkina Faso. This ambitious program, which is starting to sprout, will have to wait until 2019..."
SENEGAL:
SONATEL Launches a Datacenter to Attract Large Groups in West Africa: "The Senegalese telecommunications group SONATEL has launched on Tuesday a datacenter to facilitate the installation of large groups in Senegal and the subregion, announced its Managing Director, Alioune Ndiaye. When launching the infrastructure, Mr. Ndiaye said that SONATEL will offer companies a "solution for simple and fast management of their computer systems" and will offer them all the services of cloud computing, including accommodation of infrastructure, in additon to services through the Internet..."
Crédit : IMPERIUM MEDIA
