Tanzania:
TerraPay Obtained the Central Bank's Agreement to Enter the Mobile Money Segment in Tanzania: "The Tanzanians installed in the United Kingdom, France, Italy, Canada, the United States, South Africa, and several other countries, have a new mobile solution to send money to their relatives left in the country, directly on their M-Pesa, Tigo Pesa, Airtel Money, or Zantel Ezy Pesa accounts. This is TerraPay. The International Mobile Money Transfer Company has, in fact, obtained the agreement of the Central Bank of Tanzania to offer this service in the country. It partnered with Selcom, a Tanzanian mobile money aggregator, to make it possible to send money to the various mobile portfolios present in Tanzania. TerraPay has also received a license from the Communications Regulatory Authority (TCRA) for domestic payments based on mobile..."
The AFD launches the green credits: "The scheme exists since 2011 in Kenya and also makes its first steps in Uganda. A new approach that relies on a local partnership coalition in which the agency has swapped its position as a "Classical Lessor" for "Innovative Catalyst". This led Laurent Amar, the Deputy Director of AFD's Sub-Saharan Africa Department (French Development Agency), and Bruno Deprince, regional Manager for East Africa, to explain the approach of the agency..."
Mali:
52nd Session of the Board of Directors of BMS-SA: Figures that prove that the Bank is doing very well: "The conference room of the Malian Bank of Solidarity has hosted on Tuesday, May 9, the 52nd session of the Governing Board of the institution. The Opening Ceremony was placed under the presidency of the President of the Board of Directors, Dr. Bokary Tréta, who had the Manager of BMS, Mr. Babaly Bah, at his side. During the present session, the directors focused on the implementation of the 2016 budget, the report of activities of the BMS-SA for the year 2016, the report of the External Auditor, the adoption of the financial state, and the assignment proposal of the 2016 result…"
Senegal:
Oil and Gas: Meeting the Training Challenge and Upgrading SMEs: ""The discoveries of oil and natural gas that took place in our country in 2014 and 2015 are being evaluated and bode well for the better tomorrow to project us into the restricted circle of petroleum producing countries," said, yesterday at the opening of the International Energy and Petroleum Fair in Africa (Siepa), the manager of cabinet of the Minister of Energy and Development of Renewable Energies, Mor Ndiaye Mbaye. He added that these very important discoveries of oil and gas in East Africa and Senegal should allow the development of energy consumption, pointing out that domestic consumption of oil and especially of gas remains low, and the means of their transformation are limited in our countries, in spite of the "substantial reserves" of oil and gas in the African continent. Indeed, he noted that the African reserves of oil represent nearly 10% of the world reserves, and those of gas are consistent..."
The AfDB and the World Bank blacklist the constructor of the University of Kaolack: "Jiangsu Senegal, the company that inherited the construction of Kaolack University, was excluded from the World Bank Group Markets for alleged fraud committed by its parent company. This is what Libération reveals in its delivery this Friday. In fact, informing the said daily, the Chinese company tried to defraud by communicating false information for tenders and its officials who had been summoned at the trial had recognized the facts..."
Ivory Coast:
Ivory Coast reviews its decreasing budget: "In Ivory Coast, a new draft corrigendum was adopted in the Council of Ministers on Wednesday, May 10. The budget has been revised downwards in view of the unfavorable economic situation facing the country and at the same time the reduction in its tax incomes due to the fall in cocoa prices, and honored certain commitments, such as the payment of premium balances to the Military Mutins. This is often the case in the aftermath of Easter. Ivory Coast has a slight crisis of faith in its cocoa whose world prices tumble of 35%, with consequently a general diet for the Ivoirians. The budgetary decree, which sees the amending law of the budget 2017, operates a decrease of 9% from 6,501 to 6,447 billion CFA francs..."
Ghana:
Development: The World Bank to the rescue of Ghana: "The World Bank (WB) quickly joined the act in Ghana. It has just given the country a loan of 1.2 billion Dollars. The aid was provided by the International Development Association (IDA), an organization of the Bretton Woods institution specializing in aid for the development of the poorest countries. "We also discussed the next AID loan in Ghana. A total of approximately $1.2 billion will be paid to the country over a period of three years from July 2017 to June 2020 by the affiliated institution of the World Bank," said Henry Kerali, the manager of the World Bank for Ghana..."
$1.2 billion from the World Bank to support the budget and social projects: "Confirmed at the end of April, the World Bank has just joined the act by giving a $1.2 billion loan to Ghana through the International Development Association (IDA), a World Bank institution in charge of helping the poorest countries. "We also discussed the upcoming AID in Ghana. A total of approximately $1.2 billion will be disbursed to the country over a three-year period from July 2017 to June 2020 by the World Bank affiliate," told the press, Henry Kerali (photo), the World Bank's Manager of Ghana. The funds will come in budget support to the country whose fiscal and current deficits have widened in recent years, despite the economic growth which has remained on average stable..."
Kenya:
""In Kenya, the latest forecast of tea production in 2017 is now at 420-450 million kilograms (kg), an increase of 4-34 million kg from the January estimates (416 million kg)," told Reuters Alfred Busolo, the General Manager of the Kenyan Agriculture, Fisheries and Food Authority (Affa). According to the Manager, this upward revision is explained by the improved prospects for rainfall. In parallel with the expected improvement in production, the manager says he expects "Good Prices" for the commodity this season. The kilogram of tea has already reached this season $3 against $2.5 a year earlier, according to the Kenyan Tea Council..."
Nigeria:
Dangote will invest $450 million in the construction of a sugar refinery: "The manager of Dangote Sugar Refiner Company (DSRC), Alhaji Adbullahi Sule, announced this weekend the imminent signing of a Memorandum of Understanding with the Governor of the State of Niger in the Center of Nigeria on the construction of a $450 million sugar refinery. "We have identified the site and conducted feasibility studies", declared Alhaji Adbullahi Sule after a meeting with the governor of the State of Niger, in Minna. The manager of DSRC also announced that he had identified the lands that will accommodate the plantations of sugarcane..."
Crédit : IMPERIUM MEDIA
