BENIN:
The Telecoms Regulator Raises Awareness Among Mobile Users on the Services of Mobile Operators: "According to a dispatch from the Benin Press Agency (ABP), the President of the Regulatory Authority for Electronic Communications and Posts (ARCEP-Benin), Flavien Bachabi, launched, at Azalai Hotel in Cotonou, this July 24, 2017, the awareness-raising activities of the Consumer Partner Associations (ACP) for the year 2017. This workshop of capacity-building and awareness-raising of ACP on the offer of services by mobile telephony operators constitutes, according to Flavien Bachabi, the appropriate framework for voluntary sector leaders to obtain information and acquire more knowledge to better inform consumers in their defense of their common interests..."
89 Million Dollars from China for the Supply of Drinking Water: "According to Xinhua, quoting a diplomatic source based in Cotonou, China has granted on Monday an envelope of 50 billion CFA Francs (89 million Dollars) to the government of Benin for the supply of drinking water in the center of the country. The loan agreement was signed between the Beninese Minister of Foreign Affairs and Cooperation, Aurélien Agbenonci, and the ambassador of China to Benin, Mingsheng Diao. "This program aims to develop the capacity of production and distribution of water in urban, peri-urban, of 11,800 localities without any modern functional watering point," declared the Beninese minister..."
SENEGAL:
Sonatel Boasts Its Good Performance in the First Quarter of Fiscal Year 2017: "Sonatel can show smile for the first quarter of 2017. The national telephone company has made satisfactory results thanks to the strengthening of its investments which has maintained its leadership in all countries where it is present and to consolidate its operational and financial performance. These performances are encouraged by the integration of the new subsidiary Orange Sierra Leone, despite an increasingly tough competitive and fiscal environment. Thereby, for the first half of fiscal year 2017, the Group's consolidated turnover is estimated at more than 483 billion CFA Francs, i.e. an increase of more than 10%. If it is brought back to the historical perimeter outside Sierra Leone, it experienced accelerated growth of 6.3% against 2.1% in June 2016. This is a performance that Sonatel owes to its strong commercial positions and the development of growth drivers despite the phenomenon of OTT which has its effect in the world. Growth of turnover is carried by subsidiaries abroad which account for more than half of the consolidated turnover of the company..."
Exclusive-Senegal: Coris Bank Injects 12 Million Dollars in the Makabingui Gold Mine, Risky Bet? : "After Mali where Coris Bank International (CBI) has provided a financing line of 60 million Dollars on the Yanfolila gold mine, it is heading for the Makabingui gold mine (eastern Senegal). Burkina Faso mega bank has just injected the trifle 12 million Dollars for the benefit of Australian junior Bassari Resources Ltd. The loan granted by CBI via its Senegal bank window (12 million Dollars) to the benefit of this project of mining investment in the Makabingui deposit (area east of Senegal) risk of lying down..."
GHANA:
The Central Bank Reduced Its Key Policy Rate by 150 Basis Points to 21%: "In Ghana, the Central Bank has reduced by 150 basis points, to 21%, its key policy rate evoking the decrease in the level of consumption prices which are in line with its medium-term objectives. The cut reflects the slowdown in inflation risks supported by the stability of the cedi, the local currency, explained the Governor Ernest Addison in a press conference in the capital Accra on Monday. "Apart from any unforeseen external shock, the current monetary policy and the expected stability of the exchange rate should ensure price stability," declared Mr. Addison. The bank hopes that the inflation as a whole will continue to decline and converge towards its 8% medium-term target, with an approximation of 2 percentage points more or less, in 2018..."
NIGERIA:
The Central Bank Maintains Its Interest Rate at 14% Because of the Weakness of Naira: "Due to the weakness of the local currency (naira) and an inflation rate above 16%, the Central Bank of Nigeria decided to maintain its interest rate at 14%, reports Bloomberg Media. Thereby, the financial institution cannot follow the example of Ghana and South Africa that recently reduced their respective interest rates. "The level of inflation remains very high, and it would be unwise to be complacent," declared Razia Khan, an official at Standard Chartered Bank Plc. Indeed, although the rate of inflation in Nigeria was 16.1% last month, it remains far from the level targeted by the objective, or 6% -9%. In a recent report, Bloomberg affirmed that only two out of 19 economists predicted that CBN would lower its interest rate. The rest predicted that this rate would be maintained at 14%..."
TOGO:
Togo Announces a National Forestry Investment Program of 69 Million Dollars: "The Togolese Ministry of the Environment announced Monday a national forest investment program of 69 million Dollars in the next five years on public and international financing. According to the Togolese government, 28 priority actions were selected to do so. Forests, among many other merits, contribute to food security, primary health care, livestock feeding, supply of energy to the population, and provision of invaluable environmental services. They also play an important role in the fight against climate change by storing greenhouse gases. Togo intends to comply with the recommendations of ECOWAS, which has a convergence plan for the sustainable management and use of forest ecosystems in West Africa..."
Crédit : IMPERIUM MEDIA
