ANGOLA:
Angola Plans to Issue a $2 Billion Eurobond This Year: "Against a backdrop of real financing needs of more than 4,667 trillion kwanzas ($28 billion), the Angolan Minister of Finance was authorized by a presidential decree to prepare a Eurobond valued at $2 billion. According to the order, this issuance in foreign currencies stems from the need to begin assessing the level of attraction of Angola in external financing through sovereign bonds. The government's decision is part of the dynamics of improving the composition of the country's external debt portfolio..."
NIGERIA:
Cement: In the Wake of LafargeHolcim, Lafarge Africa Continues Its Restructuring: "To consolidate its position in the African market in front of the surge of the Dangote group, Lafarge Africa is continuing its restructuring. The Board of Directors of the subsidiary of the LafargeHolcim global group has just approved the absorption of two operators it owns to unify them under its banner. It is the United Cement Company of Nigeria Limited (Unicem) which holds the third largest cement plant in Nigeria and Atlas Cement Company Limited (Atlas). Even though they have been acquired by Lafarge for some years, their brands have been maintained in view of their success in their respective regions..."
Mobil Oil Will Now Operate Under the Name 11 Plc: "Mobil Oil Nigeria Plc, a company specializing in the distribution of petroleum products in Nigeria, has recently announced that it has officially changed its name. The firm, starting on August 11, will operate under the name of double one Plc. (11 Plc). The news was confirmed in a statement signed by Godstime Iwenekhai, a senior official of the Nigerian Stock Exchange, released yesterday. "We are informing our redistributors that Mobil Oil Nigeria Plc will now operate under the name 11 Plc (which is pronounced Double One Plc). This decision was taken following the General Meeting of shareholders of the company held on May 24, 2017. As of August 11, 2017, the name change will be effective at the Nigerian Stock Exchange," the statement said."
Nigeria Is Seeking Funding from China for the Final Phase of Its National Broadband Infrastructure Project: "The Federal Executive Council of Nigeria was held on August 8, 2017. At the end of this meeting, Adebayo Shittu, the Minister of Communications unveiled the government's approval of the completion of the national high-speed infrastructure project. According to Adebayo Shittu, the project that will be financed "graciously" to the tune of $238 million by China Nexim Bank will allow, once completed, a total coverage of the country in fiber optics, a liaison of all ministries and agencies of the federal government..."
SENEGAL:
The Solar Revolution in Senegal: "Senegal is transforming its energy policy and turning to renewable energies. Three solar power plants have been commissioned in the last 10 months. Two more are planned for the end of the year. Enough to boost the country's energy production. But rural areas still lag. It is a huge field - the equivalent of some sixty football fields. In Santhiou Mekhe, about 130 km from the Senegalese capital, 92 thousand solar panels came out of Earth. Inaugurated last June in the presence of President Macky Sall, Santhiou Mekhe power plant is the third one built in the country in less than a year, and the largest in operation in West Africa..."
ZAMBIA:
Bank Lending to the Private Sector Picked up in the Second Quarter, After Almost a Year of Contraction: "In Zambia, loans from banks to the private sector have risen again, increasing by 1.6% in the second quarter of 2017, it was learned from a statement of the monetary policy committee, published by the Central Bank of this country on August 10. This performance marks a real evolution after a year of shrinking bank credit to the private sector. The paper does not elaborate on the exact volume of loans from the banks to the private sector. But it should be noted that the total outstanding loans granted by these financial institutions to the economy grew by 6.5% over the period, reaching 55.6 billion Zambian kwachas ($6.21 billion) ..."
NIGER:
Niger Seeks 30 Billion CFA Francs on WAEMU Financial Market: "According to the Heads of the agency UMOA-Titres, 25% of the tendered amount is offered in the form of non-competitive offers to the authorized treasury specialists of the issuer. The unit nominal value of each government bond is set at 10,000 CFA francs (1 CFA franc equals 0.0016 dollars). As for the duration of the operation, it is five years with a maturity date set by the issuer on August 18, 2022..."
BURKINA FASO:
BOA Burkina Faso Realizes 17 Billion CFA Francs of Net Banking Income: "Compared to the first half of 2016 when it stood at 16.132 billion CFA francs, this NBI (equivalent to turnover for an ordinary company) increased by 6.98%. As for the total balance sheet of the bank, it is at 752.9 billion CFA francs, an increase of 12% from 30 June, 2016. On their side, the overhead costs of BOA Burkina Faso increased by 8.75%, passing from 6.786 billion CFA francs in 2016 to 7.379 billion CFA francs a year later. The bank's gross operating income grew by 4.56% to 8.745 billion CFA francs against 8.364 billion CFA francs at the end of June 2016..."
Crédit : IMPERIUM MEDIA
