BURKINA FASO:
Robust Growth, 0.2% Deflation, IMF Is Satisfied with the Positive Performance of Burkina Faso: "From 2015 to 2016, the growth of the Gross Domestic Product (GDP) in Burkina Faso increased from 4% to 5.9%, driven by the significant increase in public investment, and the agricultural and mining sector, despite security problems and social tensions, indicated the International Monetary Fund (IMF) at the end of its seventh and final review of the Burkinabe triennial program (2014-2016), supported by the Extended Credit Facility (FEC). Among the factors that participated in this dynamic, there is the deflation of 0.2% in 2016, compared with 0.9% inflation in 2015, due to the abundance of crops, the accessibility of the internal market, and the reduction of prices at the pump, which led to lower transport costs. For Bretton Woods institution, Burkina Faso is a good student in the area, testify its positive economic prospects..."
Agricultural Mechanization in Burkina Faso: Now Counted On "Waatco" Equipment and Services: "In addition to the original quality agricultural equipment, the company offers producers, spare parts, and experienced staff to ensure the maintenance of machines throughout the territory. Thereby, after Ghana and Ivory Coast, West Africa Agro Tech Company (WAATCO) is embarking on the conquest of Burkina Faso. Since July 28, 2017, the new showroom, the service, and the training center, as well as the filing of spare parts are well established and open to both producers and the public on Yennenga Avenue..."
ZIMBABWE:
Zimbabwe Will Continue with the Use of Foreign Currencies for the Time Being (Central Bank): "Zimbabwe will continue to use foreign currency until its economy regains sound fundamentals. This is what John Mangudya recently declared, the governor of the country's central bank. According to the official, several prerequisites arise for this return to the national currency. "The multi-currency system which currently runs will remain in place until our own currency regains its foundation. Thereby, we will have to be able to cover the equivalent of one year of imports, to adopt sound budget management, and to regain confidence of the business world," he said."
NIGERIA:
Foreign Investors Offer 2.3% of Dangote Cement for the Sum of 236 Million Dollars: "Dangote Industries, founded and controlled by the Nigerian billionaire Aliko Dangote, has sold a minority stake in the holding, which it owns in the capital of Dangote Cement group to foreign investors. The process took the form of six block transactions, covering 416 million shares (i.e. 2.3% of the capital), for the total sum of 86.1 billion Nairas (236 million Dollars). This is not the first time that Dangote Industries sells a minority stake in the capital of its flagship subsidiary group. Already in 2013, it had sold 1.5% of its shares to the South African Public Investment Corporation pension fund for 289.3 million Dollars. In 2014, it was around a Dubai-based fund to take over a stake in the capital of the cement manufacturer, for the sum of 300 million Dollars..."
GHANA:
Towards a Joint Venture Between Azumah and Ibaera on the Wa Project: "Azumah Resources and Ibaera Capital have concluded a binding Memorandum of Understanding which will allow the latter to acquire up to 47.5% stake in the Wa gold project, which is managed by the former in Ghana. Both parties will form a joint venture on the project once the final agreement is signed on August 31, 2017, after several regulatory approvals have been obtained. Under the terms of the agreement, Ibaera Capital will spend an initial amount of 14.3 million Australian Dollars in the project over 2-year period to acquire an initial 42.5% stake. The group based in Perth (Australia) could increase its Interest to 47.5%, against an additional investment of 2.8 million Australian Dollars..."
KENYA:
Money Transfers via Mobile Have Almost Reached Half of GDP Between July 2016 and June 2017: "The value of money transfer operations via mobile phone in Kenya has reached almost half of the Gross Domestic Product for the last 12 months, ending June 30, 2017. Payments via this mechanism have reached over 3,570 billion Kenyan Shillings (KES), i.e. the equivalent of 34.33 billion Dollars, for about 1.7 billion transactions, indicate the latest figures from the central bank of Kenya. These transactions were 15.8% higher than those reached in the twelve months between July 2015 and June 2016. Between January and June of the current year, about 1,810 billion Kenyan Shillings have been moved via mobile platforms. Monthly record transactions were recorded in March 2017, i.e. about 320.80 billion Kenyan Shillings, an increase of 17.3% from the previous month..."
SENEGAL:
Macky Sall Approves the Transfer of GSM License from Tigo to Wari and Blocks Millicom's Alternative: "The Government of the Republic of Senegal published, on August 2, 2017, the decree of the President of the Republic of Senegal, Macky Sall, which approves the transfer of license for the establishment and operation of telecommunications networks open to the public from Tigo Senegal to Wari Group. This decree of the Head of State, signed on the 1st, after a report by the Minister of Posts and Telecommunications, comes to block the decision taken last July 31 by Millicom International Cellular to cancel the operation of Tigo Senegal to Wari Group..."
Crédit : IMPERIUM MEDIA
