CAMEROON:
The Cameroon's budget deficit will be 4.3% of GDP in 2017: "Due mainly to the decline in oil incomes which often account for up to 25% of government incomes in Cameroon, the country's budget deficit peaked at 6.9% of GDP at the end of 2016, reveals the US rating agency Standard & Poor's in a report on Cameroon. However, according to the same source, this public deficit is expected to contract at an average of 4.3% of GDP over the period 2017-2020. This perspective, according to S&P, relies on "expectations of rising incomes thanks to the introduction of new taxes" in Cameroon and the "increase in crude oil prices" in the international market..."
Public works: Large projects launched in the Far North: "At a Council of Ministers held at the Palace of Etoudi, Paul Biya announced the launching of the Triennial Contingency Plan (PLANUT). With an overall budget of 925 billion CFA Francs, the Planut has been launched the following year by the government. This money, informs The Eye of the Sahel on May 3, 2017, will finance major works in the Far North region, in the right place, the roads works. This is the case of the asphalting of the Maroua-Bogo road, promised by the Head of State in 1997..."
The IDB injects 46 billion CFA Francs in the development of agriculture and livestock in the North-West and West of Cameroon: "The Cameroonian Ministry of Agriculture has officially launched Phase 2 of participatory development projects integrated Grassfields in the Northwest Region, amounting to CFAF 29.4 billion, and rural development of Mount Mbappit in the Nun, Western Region, with an envelope of CFAF 16.6 billion. This total amount of CFAF 46 billion, which represents more than 90% of the funding required to the implementation of Phase 2 of these two projects, has been provided by the Islamic Development Bank (IDB)..."
IVORY COAST:
The EDF Group will invest $10 million in the construction of a biomass plant: "The Electricity Group of France (EDF) will build a biomass plant for the recovery of vegetable waste resulting from the production of palm oil in Ivory Coast. The information was given by the Executive Manager of the group in charge of international affairs, Simone Rossi, during a hearing granted to him by the Ivorian Prime Minister, Amadou Gon Coulibaly. The investment of an estimated cost of 6 billion CFA Francs (approximately $10 million) should eventually provide nearly 1,300 jobs according to the comments of the head of this French energy group..."
ONEP equipped with a laboratory of 1.7 billion CFA Francs: "The Ivorian government, in its quest to offer quality water to the people, has just equipped the National Drinking Water Authority with a laboratory at a cost of CFAF 1.7 billion, called "Laboratory for the Analysis and Control of Water Quality (Lacque)." The work in Cocody was inaugurated by the Minister of Economic Infrastructure, Dr. Amede Koffi Kouakou, representing the Prime Minister, in the presence of the French ambassador to Ivory Coast, SEM..."
55 billion CFA Francs of available credit: "Advans Cl, structure of microfinance in Ivory Coast, continues to focus on small and medium-sized enterprises (SMEs). Operating since 2012, it is committed to promoting the development of Ivorian SMEs. In this context, in 2016, it has made available to these undertakings an envelope of 25 billion CFA Francs for more than 800 granted loans. This year, this microfinance structure announces the availability, for the sole financial year 2017, of credit lines for an amount of 55 billion CFA Francs..."
MALI:
The Higher Council of Agriculture plans to allocate 15% of arable lands to the youths and women: "Meeting in ordinary session on Tuesday, May 2, under the presidency of the Malian head of state Ibrahim Boubacar Keita, the Higher Council of Agriculture decided to allocate 15% of arable lands to youths and women to ensure their autonomy. This is what the statement published for this purpose specifies. Referring to the Agricultural Land Act recently in force, the President "expressed the hope that it will bring profound changes in the security of individual and collective land rights, while at the same time limiting recurrent conflicts between rural communities." The securitization of land involves taking into account the land rights of vulnerable segments of society. "I am pleased that women and young people have not been left out, because 15% of the land will be allocated to their needs to ensure their autonomy," he promised..."
Reveals on unorthodox practices of Orange Mali and Malitel towards VoIP: "In recent years, the popularity of Voice over IP (VoIP) applications is growing, causing a steady decline in the number of traditional calls. This decrease leads to incomes losses for telecommunications companies. Worldwide, the telecoms conduct fierce battles to get their share of the profits realized by VoIP applications on their networks. Some companies go so far as to use reprehensible and illegal tactics against their users..."
Social Emergency Access Program for Energy: 450 billion CFA Francs to connect the capital cities of EDM SA: "To connect the centers of the circle to the power grid of Energie Du Mali (EDM SA) and make the cost of electricity more accessible to populations, the government, through the Ministry of Energy and Water, has taken the initiative to inject the trifle of 450 billion CFA Francs in the sector for the period 2017-2020. The initiative is part of the Presidential Program for Social Emergency Access to Electricity..."
TOGO:
The IMF approves a $241 million loan program in Togo: "The International Monetary Fund approved on Friday a program of loans of 241 million Dollars in Togo to help the country recover its public finances. "An initial loan of 34.5 million was immediately unblocked in favor of the Lomé authorities," the IMF said in a statement. The payment of the remaining tranches of this program spread over three years will be conditioned on the application of a series of economic reforms. Several Francophone African countries have recently appealed to the IMF, notably to cope with the impact of the fall in commodity prices, against a background of rumor of devaluation of the CFA Franc..."
Crédit : IMPERIUM MEDIA
