NIGERIA:
Vodafone and Orange at the Head of the Pack to Take 65% of Etisalat Shares: "So the saga of Etisalat in Nigeria ends on a rather bitter note, Orange and Vodafone telecom operators announced they would acquire 65% of the company's shares. With these two operators included, more than five companies expressed their interest in the acquisition of Etisalat Nigeria shares. However, it must be emphasized that whichever they may be, the final purchasers will have to repay debt of 1.2 billion Dollars due to the bank consortium that forced Etisalat to put the key under the doormat. In this context, the consortium promised to establish a repayment plan that will favor potential purchasers. Once this step is over, the new shareholders will have to carry out the "Rebranding" of the telecom network, while trying not to degrade its image among users..."
CHAD:
IMF: 312 Million Dollar Aid for the Economic Recovery in Chad: "After Cameroon and Gabon, it is now Chad to benefit from the agreements of the International Monetary Fund (IMF) as part of the Extended Credit Facility. The country has just been approved an agreement for an allocation of 312 million Dollars. These agreements are justified by the current economic and security situation in Chad. Apart from the fall of more than 50% of its revenues in terms of oil exports revealing immense difficulties, the agropastoral sector is also in crisis. Because of the security instability, N'Djamena is experiencing enormous difficulties in ensuring the trade of livestock to its main customers, including Nigeria, Libya, and the Central African Republic. Given the great dependence of the economy in both sectors, the performance of the country is in regression. "Macroeconomic and financial performance of Chad have deteriorated considerably over the past two years because of the context of falling oil prices, the tense regional security situation, and the heavy burden of foreign trade debt," says David Lipton, the Deputy Managing Director of the IMF..."
CAMEROON:
Keppel Shipyard Is About to Deliver the Floating Gas Liquefaction Unit off Kribi: "The project to liquefy natural gas off the seaside town of Kribi, in the region of South Cameroon, has practically reached its terminal phase. Indeed, according to an official statement, the Singaporean company Keppel Shipyard announces that it is preparing to deliver to the company Golar LNG the first vessel converted into a floating natural gas liquefaction plant (Flngv). This ship known as Hilli Episeyo, it is said, will operate off Kribi, on behalf of the French oil and gas operator, Perenco, and Société Nationale des Hydrocarbures (SNH), the armed wing of the Cameroonian state in the oil-gas exploitation. These two companies have been involved for several months in the project "Floating Liquefied Natural Gas" in Cameroon. The conversion of this vessel into a floating liquefaction unit aims to anticipate the production of liquefied natural gas in Cameroon, pending the construction of a foot plant, not far from the deep-water port of Kribi. According to SNH, more than 400 billion CFA Francs will be invested in this project, which will create about 1,000 jobs during the construction phase and 100 direct jobs during the operating phase of the plant..."
MADAGASCAR:
86 Million Dollars from IMF to Boost Economy: "On Wednesday, the International Monetary Fund (IMF) approved a loan of 86 million Dollars in favor of Madagascar following its first review of the country's economic performance, as part of a program supported by an Extended Credit Facility (FEC). This amount will be released immediately, bringing the total disbursements under the current agreement to approximately 129.61 million Dollars. The financing of the multilateral institution will enable the Malagasy authorities to pursue the initiated reforms aimed at promoting more inclusive and sustainable economic growth by increasing investment in the infrastructure sector and human capital. The facility will also help to strengthen social spending, financial sector, and structural reforms progress..."
BURKINA FASO:
6 Billion CFA Francs from BOAD for Cement Plants in Africa Burkina Faso: "After setting up a factory in Ouagadougou in 2015, CIMAF has decided to build a new cement plant in Bobo-Dioulasso for an overall cost of 20 billion CFA Francs. This important investment aims to equip the economic capital of Burkina Faso with an industrial pole in the cement sector and meet the demands and expectations of local population. The first cement bag is expected to come out of the plant in June 2018, with an annual production capacity of more than 700,000 tons per year. Along with the new factory in Bobo Dioulasso, CIMAF has undertaken to double the capacity of the Ouagadougou plant with an investment of more than 25 billion CFA Francs in 2018 for an annual production of more than one million tons..."
SENEGAL:
1.0% Increase in the Fixed Telephony Market, After One Year of Decrease: "The fixed telephony market, after more than a year of decline, has increased by 1.0% between January and March 2017, with 288,652 lines at the end of this quarter. "This increase in the park, during this quarter, can be explained by the evolutions carried out by SONATEL on its Internet offers and the decrease in ADSL rates," according to the Telecommunications Market Observatory, which has just released its 2017 first quarter report. ARTP's 2017 first quarterly report presents the situation of the telecommunications sector in Senegal, on March 31, 2017, as well as the developments registered in the fixed telephony, mobile telephony, and Internet markets..."
Crédit : IMPERIUM MEDIA
