GABON:
For a Desired Amount of 200 Million, Investors Offered US$600 Million: "After the $200 million exercise on August 7 in the international capital market, the Gabonese Minister of Economy, Régis Immongault, brings insights on this successful financial operation Gabon has actually proceeded successfully on August 7, 2017, to an international bond issue for an amount of $200 million. The finalization of this issue reflects the confidence of international economic and financial experts in the capacity of the Gabonese economy to overcome in the medium term the cyclical difficulties it faces in an international context marked by several uncertainties. This feeling is reinforced by the fact that the bond occurred at a time of year, summer, which is not traditionally propitious..."
MOZAMBIQUE:
EDM Wants to Ensure Universal Access to Electricity by 2030: "In Mozambique, the public entity in charge of electrical supply (EDM) aims to supply all households by 2030, reports Macauhub. According to Mateus Magala, President of the company, this ambitious plan implies investment needs of more than $16 billion and is part of the energy strategy aimed at electrifying 300,000 Mozambican households a year. For now, despite its enormous potential in the fields of coal, gas, and hydroelectricity, Mozambique currently has an electrification rate of 30%, and biomass is still the main source of energy for households..."
KENYA:
Beginning of a Perilous Economic Mandate for Kenyatta: "Confirmed by the official results of the presidential election, Uhuru Kenyatta is preparing to hold a second term, where in the short term he will have to succeed in legitimizing the action of his administration. Indeed, his main opponent, Raila Odinga, still does not recognize the score of 44.47% of the votes against 54.27% for Kenyatta and maintains pressure in the streets and in the courts despite the repression of the security forces. The current troubles must not relegate to the background, the economic challenges facing Kenyatta for this second term. The re-elected president will face a decline in growth, rising public spending, and an unemployment rate that exceeds 40%. However, the Kenyan economy undeniably imposed itself in East Africa during the first quarter of 2017, with a growth of 5.7%, thanks to the spin-offs from new road and rail links, combined with lower fuel costs..."
MALI:
Investors Sought by Mali for 17 Billion CFA Francs: "Investors operating on the financial market of the West African Economic and Monetary Union (UEMOA) will be solicited by the State of Mali for an amount of 17 billion CFA Francs (about 27,200 million dollars) through the sale of assimilable coupons of the programmed treasury for August 22, 2017, learned Monday APA from the agency UMOA-Titres based in Dakar. “25% of the tendered securities shall be offered in the form of non-competitive offers to treasury specialists authorized by the issuer,” according to the UMOA-Titres agency..."
NIGER:
Niger Becomes a Member of the Telecommunications Union of Islamic States: "The Government adopted in a cabinet meeting last Thursday a bill authorizing the ratification of the status of the Telecommunication Union of Islamic States. This accession will enable Niger to benefit from Islamic solidarity in the field of telecommunications; the provision of all possible assistance to members for the training of staff and the establishment of specialized training centers for telecommunications. It will also enable Niger to benefit from the development of the modernization process and the provision of all available technical and technological services to raise the level of the sector..."
SENEGAL:
According to Millicom, the Presidential Decree Does Not Change the Cancellation of the Sale of Tigo to Wari Group: "In the columns of the newspaper Les Echos edition of August 7, 2017, Vivian Kobeh, the spokesman of the group Millicom International Cellular (MIC), declared that the Presidential Decree which approves the transfer of GSM license from Tigo Senegal to Wari Group does not alter the decision of the group to cancel the sale of this subsidiary to the company transferring money and financial services. According to Vivian Kobeh, this decree does not shake them since it is not a decisive element in the transfer of the license in question (...) we did not seek approval for the license transfer, and we are working to clarify this issue with the authorities..."
ETHIOPIA:
KEFI Reduced to $24 Million the Total Remaining Funds Required for the Development of Tulu Kapi: "The remaining funds required for the development of the Tulu Kapi gold project, in Ethiopia, is now estimated at $24 million instead of $32 million. KEFI Minerals, the company managing the project, said on Thursday that it had revised the capital spending forecast and contingency provisions. In addition, the company said it was working on a financing mechanism to collect much of the money. It will finance the rest with equity. As a reminder, last July, KEFI signed a financing agreement of $135 million for the construction and operation of all the infrastructure of the project site..."
Crédit : IMPERIUM MEDIA
