MADAGASCAR:
Vanilla of Madagascar: Livelihoods Fund Invests in the Sector and Secures the Supply of Multinationals: "Launched by Livelihoods Fund which promotes the diversification of cultures for a better balance of food for farmers and their families, in collaboration with international companies, the project aims to promote quality vanilla production in Grande Île. To reach this goal, the Fund for family farming, with the support of its partners, has released two million Euros for the benefit of Malagasy farmers. The funding will be gradually repaid through a mechanism based on results. "We believe that the vanilla project Livelihoods can have a real impact, because it allows farmers to regain control of their production and companies to control their supply," indicates Bernard Giraud, co-founder and president of Livelihoods Venture..."
BURKINA FASO:
60 Million Dollars to Support Livestock Development: ""Low agricultural productivity is one of the major constraints to the country's economic development identified in the National Plan for Economic and Social Development (PNDES). The objective of this project is to increase the productivity of sedentary livestock and to develop the associated value chains, in line with the recommendations of PNDES to transform agriculture in Burkina Faso," explains Cheick Kanté, resident representative of the World Bank in Burkina Faso for Nicolas Ahouissoussi, project team leader at the World Bank, "the proposed project is expected to benefit nearly 300,000 producers, including 30% women and 20% youths. Primarily households of breeders will benefit from immunization campaigns and other project-related interventions. The project will also benefit public and private actors and other operators involved in livestock and animal value chains...""
SENEGAL:
Coris Bank Injects 12 Million in a Gold Mine Project in Senegal: "The banking holding Coris Bank International (CBI), based in Ouagadougou, has pledged 12 million Dollars in funding for the project to exploit the Makabingui gold mine in Senegal. The mine, with a potential of 171,000 ounces of contained gold, will be operated by the Australian company Bassari Resources Ltd. According to bank officials, the loan granted via the Senegalese subsidiary of CBI, at an interest rate of 9% per annum, represents the total estimated capital expenditures for this project with a mine life of 3.4 years which will produce 50,000 ounces of gold per year..."
DR CONGO:
750 Million Dollars in Mining Revenue Destined to the Treasury, Missing Between 2013 and 2015 (Global Witness): "In its new report entitled "Distributeur Automatique du Régime" (Automatic Regime Distributor), Ong Global Witness indicates that in DR Congo more than 750 million receipts paid by mining companies have disappeared before reaching the public Treasury between 2013 and 2015. The organization has come to this conclusion by analyzing recent data of the Extractive Industries Transparency Initiative (EITI). According to the report, these funds, to finance essential public services for the Congolese people, have reached 1.3 billion Dollars when combined with payments owed by the companies to other government bodies and a provincial tax authority dissolved since then. It is estimated that between 30 and 40% of the total amount of payments to be paid to the Treasury. "The Congolese mining revenues should help lift the population out of poverty, but instead, substantial sums of money are drawn from the public coffers in favor of administrations which have no account to make and are run by people close to the political elites," comments Pete Jones, an executive in Global Witness Campaign..."
UGANDA:
EAIF and FMO Lend 29.3 Million Dollars to Refinance the Bugoye Hydroelectric Plant: "Emerging Africa Infrastructure Fund (EAIF) and the Dutch Development Bank (FMO) have concluded a joint loan agreement of 29.3 million Dollars to refinance the 13 MW hydroelectric plant in Bugoye, Uganda. The agreement was signed on July 13, with the financial closing in the next four weeks, and the 12-year refund. The proceeds of the refinancing will, firstly, repay the remaining EAIF initial loan for Bugoye project and finance the repair of the plant. In addition, it will repay loans made by Africa Renewable Energy Fund (AREF), the sponsor and principal shareholder of the project for the construction of the plant, which has been feeding the Ugandan national network since 2008..."
NIGERIA:
The Supply of Natural Gas of Power Stations Increased by 64%: "In Nigeria, the state oil company (NNPC) has just announced that the supply of natural gas of the country's power stations increased by 64% to 729 million cubic feet of gas per day, compared to the same period last year. This is indicated in its financial and operational report for the month of May. This improvement in supply is also part of the NNPC plan consisting of producing an additional 500 million cubic feet for the expansion of the capacity of the Egbin Gas Plant. Therefore, it will considerably reduce the problems related to access to electricity, but, above all, to promote the realization of electrical connection projects across the country... "
Crédit : IMPERIUM MEDIA
