CAMEROON:
More than 600 Million CFA Francs for a Technopole: "It was on July 11, 2017, when an important ceremony mobilized all the leaders of the digital economy in the city of Kribi by the sea. The event, chaired by the Minister of the Economy, Planning, and Territory Development (MINEPAT), Louis Paul Motazé, which the minister of the Posts and Telecommunications Minette Libom Li Likeng and the authorities of the seaside city consisted of the inauguration of the "Ocean Innovation Center." A work by Joseph Foundation which thus gives the country its first economic technopole..."
NIGERIA:
The Partial Decline in Inflation Gives Breath to the Economy: "The economic recovery is slowly taking off in Nigeria. After the increase in government revenues, impacted by a seeming return to normal oil prices, it is another indicator that adds to the effects of a partial equilibrium of the Nigerian economy. Indeed, for the fifth consecutive time, the inflation rate of the most populous country in Africa decreased in June by 0.2% to 16.1%, as reported by the Nigerian National Office of Statistics. However, the inflation remains above the threshold set by the central bank at 6% over two years. To support this return to normal, the Governor of the Bank had maintained the key policy rate at a 14% record since last July. The goal: Facing the soaring prices and supporting national currency in suffering. Muhammadu Buhari's government monetary policy enforcement agency has declared that it wants to maintain its restrictions on currency outflows. According to its strategy, the value of the local currency must remain stable, especially in a context where the economy continues its contraction for the fifth consecutive quarter..."
ANGOLA:
AFD to Inject 150 Million Dollar Envelope in a Water Supply Project: "The French Development Agency (AFD) will contribute 150 million Dollars to the peri-urban water supply project of nine provinces in Angola. The financing agreement was signed by the Angolan Minister of Finance, Archer Mangueira; and the French ambassador to Angola, Silvain Itté; in the presence of the Director of AFD, Martha Stein-Scochas. Evaluated at over 545 million Dollars, the project is financed to the tune of 200 million Dollars by the World Bank, the first partner in terms of financing, while the Angolan government will contribute 95 million Dollars. The remaining 100 million Dollars will be granted by a partner already identified by the Bretton Woods institution..."
ETHIOPIA:
KEFI Concluded a 135 Million Dollar Financing Agreement for the Tulu Kapi Project: "The Company listed on AIM and KEFI Minerals has concluded with Oryx Management a financing agreement of 135 million Dollars for the construction and operation of all the infrastructures at the Tulu Kapi gold project site. The two parts have signed a "mandate letter", in which a lender states the terms according to which it agrees to grant a loan to a borrower. According to the stipulated clauses, Oryx will create an ad hoc entity to issue bonds, the product to be used to construct the infrastructures of the Tulu Kapi site, which it lends to the subsidiary of KEFI Minerals that manages the Tulu Kapi Gold Mines project (TKGM). The reimbursement must be made over a period of 9 years..."
DR CONGO:
The Central Bank Will Sanction the Mining Companies Which Will Not Repatriate Part of Their Profits: "The Central Bank of the Democratic Republic of Congo (DRC) has announced its intention to put in place financial penalties on companies which will not repatriate at least 40% of the export earnings of the country's minerals. This decision comes in a context where the main copper producer in the continent witnesses its economy affected by the drop in the prices of materials over the last two years. According to the decree signed by the governor of the Central Bank of the DRC, Deogratias Mutombo, the companies are liable to a fine of 1% of non-repatriated sums and up to 125,000 Dollars in penalties for non-disclosure of information to the central bank regarding their bank accounts abroad..."
MALI:
B2Gold Gets Extra 75 Million Dollars As Part of a Revolving Line of Credit: "B2Gold mining company, active in Mali in the gold mine of Fekola, has obtained, as part of a revolving credit facility agreement concluded with a syndicate of international banks, an additional reserve of 75 million Dollars. The amount will be used for general working capital purposes including expenditures on Fekola mine. The revolving credit is a form of loan in which an organization grants a borrower a sum of money which they may use at any time without supporting documents, according to their needs. Once all or some of the funds are used, the borrower repays monthly installments that gradually restore their reserve that they have again the possibility to use for their needs..."
KENYA:
China Wins High-Voltage Power Project for 131 Million Dollars: "The Chinese public enterprises continue their offensive on public procurement in Africa. The Kenyan Ministry of Energy comes indeed to grant to the giant China CAMC Engineering, as a tendered, a 131 million Dollar contract for the construction of the high voltage line between the cities Garissa and Isiolo. And as it is often the case in infrastructure projects carried out by Chinese public enterprises, the financing of the project will be supported by Exim Bank of China. The next electricity transmission line will be 285 kilometers long, with a voltage of 220 kilovolts, and it will be connected by three sub-stations between the two cities. The duration of the project is spread out, according to the Kenyan Ministry of Energy, over two years. Once in operation, the new link will strengthen the supply of electricity between the port of Lamu and the cities of Garissa, Garba Tula, and Isiolo..."
Crédit : IMPERIUM MEDIA
