SENEGAL:
The World Bank allocates $97 million for the development of the energy sector: "The Board of Directors of the World Bank has allocated $97 million to Senegal for the Development of its Energy Sector. "Senegal has one of the best overall access rates in the sub-Saharan Africa, but its production price is relatively higher than the regional average, and the access in rural areas remains low," said Louise Cord, the operations director of the World Bank in Senegal..."
The cereal production in Kaolack would have experienced a 15% increase in 2017: ""The Region of Kaolack has recorded a 15% increase in its cereal production at the end of the 2016-2017 agricultural campaign," announced the Regional Directorate of Rural Development (DRDR). ""The total cereal production is 216,518 tons for this crop year, against 187,573 tons the previous year, an increase of 28,945 tons in absolute value, and 15% in relative value," says a DRDR report released in the capital of Saloum on Tuesday," said the Senegalese news agency. "This document served as a basis for a Regional Development Committee (CRD), devoted to the record of the agricultural campaign which concludes and prepares for the 2017-2018 campaign," notes the Senegalese news agency..."
Senegal seeks help from Ghana in the management of its natural resources: "The Senegalese President, Macky Sall, has requested, in Dakar on Tuesday, the assistance of Ghana to the homologous sound Nana Akufo Addo that is visiting Senegal, for the management of gas and petroleum resources discovered in Senegal. "We want to strengthen our relations with Ghana economically, commercially, also on the exchange of experiences and good practices, especially in the field of natural resources management," he said in a press conference, recalling that Ghana has been in recent years in the exploitation of oil and gas..."
MALI:
Agricultural productivity in the arid zone: The World Bank's proposals: "They come from a study that proposes solutions to increase agricultural productivity for the strengthening of resilience and the rational use of grants. The World Bank presented, last Thursday, during a workshop, a study on strategies to increase agricultural productivity in the arid zones of Mali. The meeting was presided over by the General Secretary of the Ministry of Agriculture, Dr. Abdoulaye Hamadoun. It was also attended by, among others, the sectoral head of agriculture for West Africa at the World Bank, Siméon Héwi, as well as the Resident Representative of the Fao in Mali, Fatima Seid. The kick-off of the meeting was given by a presentation of the said strategies which are in fact elements drawn from the agricultural cycle survey integrated into the living conditions of households (LSMS-ISA) 2014..."
CAMEROON:
CFAF 166.612 billion of the AfDB for the financing of road works: "The head of the Cameroonian state, Paul Biya, has signed decree authorizing the Minister of the Economy, Planning, and Regional Development to sign, with the African Development Bank Group, two loan agreements totaling CFAF 166.612 billion destined for the financing of road works..."
IVORY COAST:
Banks: The BOA Ivory Coast realized a net banking income of CFAF 7.090 billion in the first quarter of 2017: "Compared to the first quarter of 2016 where it stood at CFAF 7.030 billion, this GNP experienced a progress of 0.9%. On the slippery year, the net loans showed an increase of 6.7% while collected resources approached 8.3%. Despite an increase in the interest margin on customers of 23.6%, the Net Banking Income stagnated at 7.090 billion due to a significant increase in the interbank charges linked to the rise in interest rates applied by the Central Bank of West African States (BCEAO)..."
KENYA:
The International Finance Corporation injects $10 million in the construction of a fertilizer plant in Kenya: "The International Finance Corporation (IFC) has granted a loan of $10 million in order to finance the construction of a fertilizer plant in Kenya. Based in Nakuru, in the province of the Rift Valley, the infrastructure will be carried out by Fertiplant East Africa Ltd, a subsidiary of Kenya Mea Ltd. It will have an annual production capacity of 100,000 tons of fertilizers and should be completed by the end of this year. According to Titus Gitau, the Executive Director of Fertiplant, the factory will provide hundreds of jobs and will focus in the first place on the production of specialized mixing fertilizers for the production of tea, coffee, potato, and maize in several regions of Kenya, Uganda, Rwanda, Tanzania, and Burundi..."
Kenya raises more than $1 billion in International Market: "Kenya raised to $1.75 billion the overall outstanding amount of international borrowing carried out by its government for the financing of its infrastructures as part the Finance Bill 2016/2017. Its latest syndicated international loan announced at $800 million, ultimately served $1 billion. The demand from investors was particularly strong and nearly 20 international banks have subscribed to the operation, according to sources close to the institutions involved. This mobilization comes to join the $500 million, previously collected via the Trade and Development Bank renamed PTA, and the $250 million mobilized at the end of 2016 via the same bank..."
Crédit : IMPERIUM MEDIA
