NIGER:
Bank of Africa Niger: Net profit of 2039.6 million in the first quarter: "The Bank of Africa Niger has achieved a net profit of 2039.6 million in the first quarter of 2017 against 1881.2 million, an increase of 8.4% over an annual change. The Net Banking Income (NBI) was up by 4.2% to reach 4724.3 million in the first quarter of 2017, compared to 4534.2 million one year earlier. This development is supported by the 14.2% annual increase in the commission margin. The banking margin has stagnated at 3167.8 million CFA francs due to the higher cost of refinancing at the Central Bank of the States of West Africa (BCEAO) counters..."
MALI:
Forecasts of the Agricultural Campaign 2017-2018: 9,820,244 Tons of Cereals, an increase of 11%: "Implementation of the Agricultural Campaign Plan 2017-2018 will benefit from the support of projects and programs in seeds, fertilizers, agricultural equipment, and training; these are mainly: Papam, Pria-Mali, Sapep, P2rs, Mali-Women, and Passip project. An almost universal increase in cereal production is expected with a peak of 23% expected at foSnio level. Only wheat production will fall by 23%, according to forecasts..."
NIGERIA:
Economy: The optimism is back in Nigeria: "Galloping inflation, investments frozen by foreign exchange shortages, mass dismissals, Nigeria has passed through one of the worst economic crises in its history. But for the first time in months, growth forecasts are being revised upwards. The Parliament finally approved, after five months, the ambitious budget of the head of the State, Muhammadu Buhari, of more than 7,000 billion naira ($23 billion). A budget set to get Nigeria out of the recession as fast as possible. The plan by a fragile increase in oil production and a loan of $1.5 billion from the World Bank wants to boost growth, particularly through major infrastructure projects..."
KENYA:
Kenya calls on Africa to strengthen the trade Insurance Institutions: "The President of Kenya, Uhuru Kenyatta, called on the African governments, on Thursday, to strengthen insurance institutions to support the intra-African trade. In a speech read on his behalf by National Treasury Secretary Henry Rotich on the occasion of the 17th Annual General Meeting of Trade Insurance in Africa (ACA, Africa Trade Insurance) in Nairobi, Mr. Kenyatta also called on the African Governments to join the ACA. Mr. Kenyatta explained that the African countries that have signed the Continental Free Trade Agreement have a purpose of encouraging the growth of intra-African trade by helping the African countries to benefit from trade as a growth and sustainable development engine..."
SENEGAL:
Senegal: The exports increased by 14.0% in March 2017: "The exports amounted to CFAF 164.9 billion in March 2017, against CFAF 144.7 billion in the previous month, an increase of 14.0%. "The main products exported during March 2017 are non-monetary gold (CFAF 21.1 billion)," notes of the National Agency of the Statistics and Demography (ANSD). According to the study "the petroleum products (CFAF 20.8 billion), Hydraulic cement (CFAF 13.7 billion), fresh sea fish (CFAF 12.3 billion), and phosphoric acid (CFAF 9.7 billion),"
BURKINA FASO:
Burkina Faso is seeking CFAF 40 billion in the WAEMU Financial Market: ""The General Directorate of Treasury and Public Accounting of Burkina Faso is looking for CFAF 40 billion (approximately $64 million) in the Financial Market of the West African Economic and Monetary Union (UEMOA) through the simultaneous issue of treasury bonds (BAT) and similar treasury bonds (OAT) scheduled for May 19, 2017," APA learned on Thursday from the agency UMOA-Titres based in Dakar…"
IVORY COAST:
Total Ivory Coast reports a profit of CFAF 8.886 billion at the end of 2016: "According to the African News Agency (APA), which quotes sources close to the company, the Eburnian subsidiary of French Total has realized a profit after taxes of CFAF 8.886 billion (approximately $14.9 million) at the end of the financial year 2016. These figures represent an improvement of 64.09% results from the previous year, where the profit was CFAF 5.415 billion (about $8.3 million)..."
GHANA:
At least 100 wounded in a gas explosion in Takoradi: "In Ghana, as the main crop of the 2016/17 cocoa season ends tomorrow, data from the Ghana Cocoa Council (Cocobod) indicate that 757,506 tons of bean were collected from the Producers from October 1, 2016, to April 20. This figure revealed by Reuters shows an increase of 13% compared to 2016 in the same period. According to experts, this upward trend could continue and be completed by September, the overrun of the 778,000 tons of Cacao recorded during the previous financial year, given the improvement in production prospects through favorable rains…"
Crédit : IMPERIUM MEDIA
