SENEGAL:
Only 28% of SMEs Have Access to Public Procurement: "In Senegal, 97% of companies are small and medium-sized enterprises (SMEs) with an annual turnover of less than 2 billion CFA francs. According to the Director General of the Agency for the Development and Supervision of SMEs (ADEPME), Idrissa Diabira, most of these companies are in the informal sector and contribute 16% of the total turnover of SMEs. Among the challenges faced by these small businesses, the difficulty of access to public procurement and bank financing. Indeed, indicates the official, only 28% of SMEs in the country have access to public procurement. He advocates that 50% of this windfall is returned to local companies..."
KENYA:
Coffee Export Earnings Jumped by 17% in the First Seven Months of 2017: "In Kenya, the value of coffee exports increased by 17% during the period from January to July, amounting to 14.3 billion shillings ($137.3 million), reports Business Daily Africa. The dynamism of export earnings is explained by rising commodity prices on the Nairobi Coffee Exchange (NCE). "Better prices were achieved this year due to increased competition between traders in a context of declining supply available at auction," indicates Daniel Mbithi, Director General of NCE. The volume of beans exported stood at 29,300 tons, compared to 31,300 tons a year earlier due to lower crop yields in the main production areas of Mount Kenya linked to adverse weather conditions..."
IVORY COAST:
The Volume of Cocoa Delivered in Ports Increased by 33% on August 13: "In Ivory Coast, the volume of cocoa beans transported to the ports of Abidjan and San Pedro during the current season 2016/2017 amounted to 1,925,000 tons on August 13, marking an increase of more than 33% compared to last year's stock of 1,444,000 tons. According to Reuters which relayed these estimates, 11,000 tons of beans were delivered particularly export markets in the week of August 7 to 13, a little less than triple the volume accumulated in the same period, a year earlier (4,000 tons) ..."
Cocoa: Ivorian Producers Denounce "a Tax of 100,000 CFA Francs" for the Approval of Certified Cooperatives: "The National Union of Individual Coffee and Cocoa Producers in Ivory Coast (Snapricc-ci) denounces the "tax of 100,000 CFA francs" introduced by the regulatory body of the sector for the approval of certified cooperatives, said Monday its president Christophe Douka in a statement received by APA. Without "prior dialogue" the government has just demanded us through the coffee-cocoa board, under the supervision of the Ministry of Agriculture, a tax of 100,000 CFA francs per cooperative for the approval of certified cooperatives, lamented Snapricc. For producers, this tax which has just added to the taxes such as the Unique Right of Exit (DUS) and the registration tax imposed by the government place them at the last link in the chain of production of the coffee-cocoa sector of Ivory Coast..."
ANGOLA:
Grupo Sun Ocean Lda Will Build a $50 Million Beverage Production Plant: "Grupo Sun Ocean Lda Consortium received yesterday the approval of the Technical Support Unit for Private Investment (UTIP) of the Angolan Ministry of Industry for the construction of a $50 million beverage plant near the capital Luanda. According to Ventures Africa, which reports the information, the infrastructure will specialize in the production and packaging of some 80 million liters of juice, wine, and drinking water per year. It should employ 400 people..."
NIGERIA:
TCN Is Mobilizing $1.55 Billion to Finance Projects to Improve the Transmission System: "The Transmission Company of Nigeria (TCN) has mobilized $1.55 billion from the African Development Bank (AfDB), the Islamic Development Bank (IDB), the Japan International Cooperation Agency (JICA), and the European Union for the improvement of the national electricity transmission network. The information reported by Businessdayonline was announced last Monday by Usman Mohammed, General Director of the public entity. This envelope should make it possible to finance new projects for the development of electric transport and to re-establish certain extension projects of the transmission previously abandoned for lack of adequate financial support..."
GHANA:
Oil Revenues Increased by 67% in the First Half of 2017: "In Ghana, despite the gloomy black-market prices, the oil sector is doing better. According to a report by the Central Bank of Ghana, according to which the revenue derived by the State from the exploitation of black gold increased 67% to $191.32 million from the same period last year. In 2016, revenues were $114.4 million. According to the document, this performance is due to the start-up of the TEN oil field offshore..."
Crédit : IMPERIUM MEDIA
