TANZANIA:
Mines: Tanzania Suspends the Grant of Any New License: "Until further notice, the President of Tanzania, John Magufuli, no longer wants to hear about the granting of new mining licenses to investors, both foreign and domestic. He gave his orders in this direction at the Ministry of Energy and Mineral Resources, on Tuesday, July 4. In parallel, the government will examine the various licenses already under way. "All the mining licenses granted by the government should be re-examined to see to what extent the government is benefiting," declared the tenant of the State House of Dar es Salaam. Rich in mineral resources, the Tanzanian subsoil contains enormous quantities of gold and diamonds - two minerals which constitute half of the country's foreign trade - as well as uranium, iron, phosphates, and numerous precious stones. This mining wealth has made the country a privileged destination for international companies that have exploited there for many years vast spaces. Magufuli believes that these resources belong to the Tanzanians and that they should be the first to benefit from them..."
CAMEROON:
Cameroon and Deutsche Bank Finalize a Credit of 30 Billion CFA Francs to Strengthen the Transmission of Electricity: "Louis Paul Motaze, the Cameroonian Minister of Economy and the Director of Operations of Deutsche Bank Spain, Antonio Navarro Escabias, signed, in Yaoundé on July 5, three credit agreements totaling 30.18 billion CFA Francs for the strengthening of electricity transmission networks in the capital of the country. The first commercial credit agreement covers an amount of 13,193,282.05 Euros, i.e. about 8.6 billion CFA Francs. It covers 100% of insurance premiums, as well as other non-project expenditures. The second appropriation is 17,890,158.95 Euros, about 11.74 billion CFA Francs. It is a buyer credit, guaranteed by the Spanish Agency for the Guarantee of Export Credits (Cesce). The latest agreement is set at 15,000,000 Euros, i.e. about 9.84 billion CFA Francs. It is guaranteed by the Belgian Export Credit Agency (Credendo) which will finance goods and services of Belgian origin and a portion of the goods and services originating in Cameroon in connection with the said project..."
IVORY COAST:
Ivory Coast Has Already Sold 1 Million Tons of Cocoa for the 2017/2018 Season: ""In Ivory Coast, 1 million tons of cocoa from the 2017/2018 season were sold in anticipation," entrust to Bloomberg a source close to the file that requested anonymity. This stock shows a slight increase of 5% from the estimates of May 27 (950,000 tons). According to the same source, Coffee-Cocoa Council (CCC) plans to raise this volume to 1.3 million tons before the start of the season on next October 1. "As a reminder, Ivory Coast delivered, on June 30, 1.82 million tons of brown gold from the 2016/2017 season," indicates Bloomberg which mentions official documents of the Government..."
MALI:
BOAD Arranges Financing of 84.8 Million Euros for the Construction of a 90 MW Thermal Power Plant in Kayes: "The West African Development Bank (BOAD) announces the closing of the financing of the first independent energy production project in Mali, which took place on June 12, 2017. BOAD, in its capacity as mandated lead arranger and lender, has in fact mobilized a facility of 84.8 million Euros (about 55.6 billion CFA Francs) in favor of Albatros Energy Mali for the construction of a 90 MW thermal power plant in Kayes. In addition to its loan of 6.6 billion CFA Francs, BOAD has syndicated bank loans for a total amount of approximately 75 million Euros from four international development finance institutions…"
RWANDA:
Rwanda's GDP Has Grown by 1.7% in the First Quarter: "In the first quarter, GDP at current market prices was estimated at 1.817 billion Rwandan Francs (approximately 2.1 billion Dollars), against 1.593 billion Rwandan Francs in the same quarter of last year, according to the report. This indicates that the services sector contributed up to 46% of GDP, while agriculture accounted for 32%. The industrial sector contributed 15% of GDP, and 7% was attributed to the adjustment of taxes and subsidies to products. The report shows that agriculture has increased by 3% and contributed 0.8% of the overall GDP growth rate. Export crops have decreased by 24% mainly due to lower production of coffee and tea. Yusufu Murangwa, Director General of INSR, declared that the agricultural sector was supported by the growth of food crops which increased by 4% due to the first 2017 harvest season..."
NIGERIA:
Out of 300 Million Dollars Raised In "Diaspora Bonds," How Much Nigerians Actually Subscribed? : "Nigeria had already taken a decisive step when, some time ago, its Government announced the issuance of sovereign bonds of 100 million Dollars, targeting its diaspora abroad. It is a rare mechanism for mobilizing resources for States, which only India, Pakistan, and Israel have experienced in the category of emerging countries. The operation resulted in a success for the second economic power of Africa which, with this process, has mobilized the equivalent of 300 million Dollars, but there is uncertainty about the level of participation of Nigerians in the diaspora in this operation. Technically, Nigeria, which has already mobilized 1.5 billion Dollars this year on the international capital market, has no problem with investors..."
Crédit : IMPERIUM MEDIA
