KENYA:
Kenya Gets a Horticulture Council: "In Kenya, the Horticulture Council (KHC) has recently emerged, reports Business Daily Africa. The institution is responsible for ensuring that the new quality standards for flowers, ornamental plants, and fruits and vegetables are respected from the application of chemicals to production itself through processing and marketing. It should allow horticultural products to better meet the phytosanitary requirements of the European Union (EU), including those relating to maximum residue limits (MRLs), contributing to improving the performance of the subsector..."
ZIMBABWE:
Banks' Breakthrough Despite the Liquidity Crisis: "Zimbabwean banks made a profit of $100.59 million in the first half of 2017, representing an increase of 47.99% from $67.97 million reported in the prior year, declared the central bank on August 4. During the reporting period, the performance of the country's banking sector was satisfactory as total assets increased to $9.65 billion, while the capitalization and profitability indicators reflect improved performance..."
BURKINA FASO:
Sarama Resources Raises 1.85 Million Canadian Dollars for Its Projects: "Sarama Resources, a company operating in the Burkina Faso gold sector and listed on TSX-V, has successfully raised 1.85 million Canadian dollars ($1,461,133) through a private placement of 10.27 million common shares. It indicates that the funds will be used to advance exploration activities on its properties in Burkina Faso, and for general purposes of working capital requirements..."
TANZANIA:
IPO of Vodacom Has Been Successfully Completed Thanks to Its Opening to Foreign Investors: "The Initial Public Offer (IPO) of the mobile operator Vodacom Tanzania, a condition precedent to its opening on the Dar es Salaam Stock Exchange (DES), close July 28, 2017, was a success. According to the telecom company, this is due to the opening of the operation to foreign investors in late June. The telecom operator indicates it has managed to sell all its 560 million shares put up for sale on the stock market and recorded the forecast 476 million shillings (213,000 US Dollars). 40% of the volume of these shares was acquired by foreign investors. This success of IPO of Vodacom Tanzania should put an end to the numerous twists and turns recorded by the company since the initial launch of the IPO of its shares..."
CAMEROON:
Cameroon Has Lost 4 Billion CFA Francs in Financial Scams on the Internet: "Similarly, several billions CFA francs deficits are attributed to fraud in the "Simbox" system, an electronic box used to charge international telephone traffic at the national rate by redirecting and manipulating international traffic on the Internet. The same financial damage concerns intrusions into the information systems of certain companies, at the time when 12,800 vulnerabilities were detected on government websites, more than 200 cases of usurpation of Facebook profiles and cyber-blackmailing were recorded, and 28 Web Defacement attacks detected on the sites of public administrations..."
NIGER:
The WB Finances a Project to Improve Agricultural Productivity: "The World Bank (WB) has just granted 20.8 million dollars or 12.5 billion CFA francs in Niger for the additional funding of the third phase of the Community Action Program (CAP3) to improve agricultural productivity. The financing agreement was signed in Niamey on Monday night by the Nigerian Minister of Plan, Kané Aïchatou Boulama, and the resident representative of the World Bank in Niger, Siaka Bakayoko. This funding, according to the minister, will allow the project to put more emphasis on improving crop productivity, increase opportunities for income generation, particularly for women, and to improve the sustainable management of land and water..."
IVORY COAST:
The State Disburses 232 Billion CFA Francs to Settle the Domestic Debt: "A total of 232 billion CFA francs has been paid to 3,900 enterprises as part of the settlement of the internal debt of Ivory Coast, revealed the head of state Alassane Ouattara on the occasion of the 57th anniversary of Ivory Coast. "With a view to boosting investment and consumption, the State has just paid the arrears of domestic debt to 3,900 enterprises for an amount of 232 billion CFA francs," declared the Ivorian president.
Good news for these suppliers of the Ivorian state, the Prime Minister, Amadou Gon Coulibaly, had revealed in early July the disbursement of the sum of 232 billion CFA francs to settle domestic debt during a meeting with business leaders, specifying that according to the principles, the payment would begin with the oldest claims..."
MAURITANIA:
Kosmos Energy Will Drill an Exploration Well Before the End of This Month: "In its quarterly report on its financial position at the end of the second quarter of 2017, Kosmos Energy has announced that it will start drilling the exploration well Hippocampe of block C-8, located off Mauritania, before the end of August. According to Andrew Inglis, CEO of Kosmos, this well contains structural stratigraphic traps in the Cenomanian and Albian, with high oil and gas potential. According to the document, Hippocampe could contain up to 2 billion barrels of oil equivalent..."
Crédit : IMPERIUM MEDIA
