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  • The Pan-African Economy in Brief: Monday, July 10, 2017

The Pan-African Economy in Brief: Monday, July 10, 2017

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CAMEROON:
114 Billion CFA Francs Invested by a British Firm in a Gas Project in Cameroon: "According to Ahmet Dik, the General Director of VOG, the Government of Cameroon has supported and set the conditions under which GDC has been able to operate and invest more than 250 million US Dollars, i.e. about 114 billion CFA Francs, and has encouraged new investors to establish their businesses in Douala. Sources close to the file point out that while it is true that the first volumes of gas are delivered to industries since last year, VOG will have to continue its investments to reach 120 billion CFA Francs, which will give it the opportunity to better exploit the gas of Logbaba, whose reserves would be very important. The construction of a natural gas processing unit in Logbaba and the construction of a pipeline network more than 20 kilometers long will enable GDC to supply natural gas to some 20 companies in Douala..."


SENEGAL:
World Bank Injects 306.7 Billion CFA Francs to Finance 4 Projects in Senegal: "The World Bank will inject 306.7 billion CFA Francs into Senegal for the financing of four projects: The strengthening and extension of the Senegal River Development Organization's (OMVS) electrical network, support for gas project negotiations and institutional capacity building, the Rapid Bus System (BRT) pilot project, and the development of tourism and business. For OMVS electrical network strengthening project, The World Bank released 60.2 billion CFA Francs which will help to build a new 225 KV (Kilovolts) double-circuit transmission line with an estimated transit capacity of 400 MW (Megawatts) linking Kayes (Mali) and Tambacounda. In the case of gas projects and institutional capacity building, 16.7 billion CFA Francs will be financed to guarantee and preserve the interests of Senegal, in a context marked by promising discoveries of oil and gas."


BURKINA FASO:
Energy Issues at the Heart of a Public Conference: "Raising the stakes related to renewable energies, sharing experiences, and communicating on energy policies, and above all providing the necessary guidance to the energy sector so that it can play its full role in companies are, among others, the objectives of this public conference held in the amphitheater of the campus of the International Institute of Water and Environmental Engineering (2iE), in Ouagadougou, this Thursday, July 6, 2017. It is the association "Eurafrique 21", the framework for debates for the success of economic and political changes, which is at the root of this..."

7.7 Billion CFA Francs for a Three-Dam Project: "The Government of Burkina Faso will release an amount of 7.7 billion CFA Francs in a detailed preliminary design study of three large dams, including that of Ouessa (south-west), Banwali (Hauts-basins), and Bassierry (East), according to an official source of the Ministry of Water reported by the African News Agency..."


NIGERIA:
Ethiopian Airlines Will Officially Begin Serving Kaduna in August: "Starting from August 1, Ethiopian Airlines will officially begin serving the state of Kaduna in Nigeria with a frequency of three flights per week. This was revealed in a statement by the Director General of the carrier, Tewolde GebreMariam. "We are delighted to start our operations in Kaduna, the fifth destination we serve in Nigeria. This new line will fill a gap and will facilitate the movement of Africans across the continent," indicates the person in charge. As a reminder, after Abuja airport was temporarily closed for maintenance, last March, Ethiopian Airlines was the only international company to adopt Kaduna as alternative..."


KENYA:
The Civil Society Calls on the Government to Put an End to the Oil Business: "In Kenya, the Civil Society Platform on Oil and Gas (KCSPOG) calls on the Government to cancel the Petroleum Sector Pilotage Program (EOPS) whose launch has just been postponed until next September. For the organization, its implementation would entail a loss of 4 billion Shillings, approximately 39 million Dollars for public funds. KCSPOG, which is a pressure group, told the local daily The Star that the use of a pilot program is a risky and rare practice in the global petroleum development industry. It deplored the "mediocrity" of infrastructure and the risks of violence linked to the non-satisfaction of local communities..."


ZIMBABWE:
Zimbabwe Negotiates 100 Million Dollar Loan Facility for Oilseed Producers: "According to Bloomberg, Zimbabwe is currently negotiating a loan facility of approximately 100 million Dollars in favor of its oilseed producers. This facility which will be of particular benefit to soybean producers will be implemented through a 48.7 million Dollars contribution from Sakunda Energy, a company specializing in logistics and energy issues, and the Zimbabwean government which will provide the remainder of the funds. According to the president of Zimbabwe Association of Oilseed Producers (ZOSPA), Busisa Moyo, half of the facility's funding will go to irrigation infrastructure, while the rest will be used to acquire seeds, fertilizers, and pesticides..."

 

 

Crédit : IMPERIUM MEDIA

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