KENYA:
Drought Could Affect Vegetable Exports, Depending on the Industry: ""The drought that occurred early in the year in Kenya could affect global vegetable exports in 2017," declared on Wednesday the horticultural industry of the country. "Unless that the country recorded sufficient rainfall in October, exports of vegetables could decrease by 5%," warned the FPEAK president, Apollo Owuor, at a trade forum in Nairobi. "In 2016, Kenya exported 56,695 tons of vegetables," affirmed Mr. Owour at a meeting of the horticultural industry. Mr. Owour also warned that vegetable production in Kenya could recover from the fact that most vegetables have a mature period of only three months. He declared that the sector is generally affected by drought conditions that occur every two to three years. The most exported vegetables are beans, which account for 60% of international sales, and avocado, accounting for 15%. Other key export vegetables were herbs and spices where Kenya's overseas sales reached 2,500 tons in 2016..."
TANZANIA:
Tanzanian Coffee Production Expected to Reach 1.15 Million Bags in 2017/2018: "Tanzania is expected to produce 1.15 million bags of coffee (69,000 tons) this season, the shrubs being in the favorable year of the biennial production cycle. That's what the US Department of Agriculture (USDA) is foreseeing. The volume in a slight increase 9.5% compared to last season, including 600,000 bags of arabica and 550,000 bags of the robusta variety. Tanzania is the fourth African coffee producer, behind Ethiopia, Uganda, and Ivory Coast, and ranks 17th worldwide..."
Solo Oil, Always in Search of Partners for a Lease on the Ntorya Gas Project: "In Tanzania, Neil Ritson, the CEO of the British group Solo Oil, announced, according to information provided by Proactive Investors, that he continues to make efforts to find a partner and to conclude a lease with him on the Ntorya gas project. "Solo Oil is seeking one or more partners to acquire a portion of its shares in order to better execute the development of Ntorya," affirms the director. Solo holds 25% of the shares on the perimeter alongside its fellow citizen Aminex, which controls the rest of the shares. For the first, the arrival of a new partner within the joint venture will stimulate the development of the permit and help it achieve its objectives on this promising project which has a 25-year development license..."
NIGER:
Niger Wants to Raise 40 Billion CFA Francs in the Market of Uemoa: "40 billion CFA Francs are the amount that Niger intends to raise on the financial market of the West African Economic and Monetary Union (UEMOA) through an auction of assimilable bonds of the treasury scheduled for Wednesday, June 28, according to the agency Umoa-Titres, based in Dakar, Senegal. The unit nominal value of each security is 10,000 CFA Francs with a single interest rate, the value of the rate being 6.00%. The operation will last 60 months (5 years) with a due date, scheduled for June 29, 2022..."
ZIMBABWE:
CBZ Bank to Raise 200 Million Dollars in Local Market for Power Plants: "In Zimbabwe, the State Procurement Board endorsed the CBZ Bank to issue bonds to raise 200 million Dollars for the financing of two power stations with a combined capacity of 130 MW. The infrastructures concerned by this fund-raising are the Gwanda solar power plant and Gairezi hydroelectric power station. The Executive believes, in fact, that the internal financing of part of these projects will speed up their implementation. Concerning the Gwanda solar power plant particularly, the Minister of Finance and Economic Development, Patrick Chinamasa, wrote to the Zimbabwe Power Company, to specify that the majority of civil engineering work would be carried out by local companies..."
UGANDA:
The Government Promises a Reduction of More Than 50% of the Electricity Tariff by 2018: "The Ugandan electricity tariff will be decreased by more than 50%, which will take effect by 2018, announced Evelyn Anite, the Minister of State in charge of privatization and development. "We are working to reduce the price of electricity from 11 cents to at least 5 cents. This will encourage more entrepreneurs to join our Market," affirms the official at the 3rd conference of private investment and venture capital organized by the Uganda Investment Authority. "We noticed that one of the biggest challenges faced by entrepreneurs in the country is the high operating cost induced by the fairly significant electricity tariff."
Crédit : IMPERIUM MEDIA
