CAMEROON:
Eximbank United States Will Release 26 Billion CFA Francs to Build and Rehabilitate Stadiums and Hotels of CAN 2019 in Cameroon: "In view of the organization of the African Cup of Nations (CAN) 2019, the president of the Republic, Paul Biya, has given his agreement, on August 8, 2017, for the assigning to the US enterprise Prime Potomac for the rehabilitation works of four training stadiums (Cenajes, Poumpoure, Gendarmerie, and Sodecoton), and the Hotel Benoué in Garoua. Prime Potomac will also have to build a 4-star hotel in the same city..."
GHANA:
Endeavor Sells to BCM International Its Nzema Gold Project for $65 Million: "The Company listed on TSX Endeavor Mining entered into an agreement with BCM International for the sale to BCM International its 90% stake in the Nzema gold project in Ghana. Under the terms of the agreement, BCM will pay Endeavor $20 million at the end of the transaction scheduled for late September (after approval by the Ghanaian government). The Company will then make deferred payments of $45 million over the remaining 3 years of mine life. These payments are subject to the achievement of a number of key steps related to the generation of cash flows by the mine..."
The Ghanaian Banks Could Soon Be Given a New Minimum Capital Threshold: "The Ghanaian central bank (Bank of Ghana) could unveil by September the new minimum capital threshold it will require from banks operating in the country. According to its leaders, it is currently finalizing the final adjustments with the actors in the sector, before making the announcement. Speculation is now on the level of minimum capital which will be required, taking into account that of the 30 Banks operating in Ghana, 9 of them are experiencing difficulties. Bank of Ghana had previously announced that it would unveil the new thresholds of minimum capital required, once bringing solutions to these banks..."
BOTSWANA:
IMF Is Revising Its Growth Forecast over the Next Two Years: "The International Monetary Fund has just announced the revision of its prospects for growth in the Botswana economy. Indeed, according to the Bretton Woods institution, rising global demand for diamonds, investments in the water sector, and institutional reforms destined to attract foreign investment have motivated this revision..."
BURKINA FASO:
Strike of Truck Drivers: Discomfort in the Burkinabe Economic Sector: "The stoppage of work of road carriers started on Wednesday, August 9, 2017, generates enormous adverse repercussions. Disruptions affect economic and social sectors. Travelers gathered in some bus stations, hoping desperately to be deported from the Burkinabe capital to other destinations inside the country. This was observed in several bus stations in Ouagadougou, this Thursday, August 10, 2017, midday. Among the travelers some left to manage urgent business, while others had just made a stopover in the capital and should, in principle, continue their journey..."
WAMU Stock Market: Burkina Faso Cancels the Simultaneous Issue of Goods and Treasury Bonds: "UMOA-Titres, in a statement dated August 7, 2017, and sent to Union investors, announced the cancellation by the Treasury of Burkina Faso of the simultaneous issue of goods and treasury bonds, an amount of 50 billion CFA francs, originally scheduled for Thursday, August 10, 2017..."
ZIMBABWE:
The South African Transnet Will Recapitalize the Public Company of the Railways: "The South African public Transnet logistics group has won a tender to recapitalize the Zimbabwean public railway company to the tune of $400 million, announced the chairman of the board of directors of the National Railways of Zimbabwe (NRZ), Larry Mavhima, on August 10. Mavhima said NRZ will start contract negotiations next week with Transnet making the offer jointly with the Diaspora Infrastructure Development Group, a consortium of Zimbabwean investors residing abroad..."
KENYA:
Family Bank Reported a Net Loss of $4.7 Million in the First Half of 2017: "The Kenyan bank Family Bank reported a net loss of 492.4 million shillings ($4.7 million) in the first half of 2017. This was in line with the net profit of 711.5 million shillings, which was realized over the same period in 2016. The bank's management explains this situation for several reasons, including the contraction in loan volumes it has granted, the counter-effect of the banking interest rate framework in the country, and the decline of almost 14.5% in fees and commissions..."
Crédit : IMPERIUM MEDIA
