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  • The Pan-African Economy in Brief: Monday, May 22, 2017:

The Pan-African Economy in Brief: Monday, May 22, 2017:

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MOZAMBIQUE:
The export of cashew nuts generated 120 million Dollars in 2016/2017: "In Mozambique, the export of 137,000 tons of cashew nuts in 2016/2017 has reported 120 million Dollars to the Government. This was announced by Mouzinho Saide, the Spokesman for the Executive and Vice Minister of Health. "This amount increased by 96.9 million Dollars compared to 23.1 million Dollars received during the previous fiscal year, in connection with the export of 100,000 tons of nuts," says the director. As a reminder, Mozambique mainly exports its nuts to India, Vietnam, and USA. The cashew sector supports more than 1.4 million Mozambican households..."

The government promises universal access to energy by 2030: "The 25 million Mozambicans will all have access to electricity by 2030, according to Pascoal Bassela, one of the persons in charge of the Electricidade of Moçambique, the National Electricity Company. This will be achieved through an expansion plan targeting several rural and urban areas.
"Every year, the electricity company invests approximately 100 million Dollars to develop the electric power across the country, and we think that, by 2030, we will cover the whole country, meaning that every household or family will benefit from the connection from their house from the electricity grid," said Mr. Bassela..."


GHANA:
Eni launches oil and gas production in the Offshore Block Cape Three Points: "In Ghana, on Saturday, Eni announced the launching of the production on the integrated oil and gas project Offshore Cape Three Points (OCTP). The start of operations is two years ahead of schedule, a new record for Eni, which is now building a solid reputation in compliance with the time-limits for placing on the market. The project development will take place across the Sankofa Main, Sankofa East, and Gye-Nyame fields; all the three located about 60 km offshore. The recoverable hydrocarbon resources on these perimeters are valued at 770 million oil equivalent, including 500 million barrels of oil and 270 million barrels of non-associated gas (about 40 billion cubic meters)."


SENEGAL:
JICA grants 900 million CFA Francs in favor of Horticulturists in the Niayes area: "The Japanese International Cooperation Agency (JICA) has released 900 million CFA Francs as part of the financing of the reinforcement of Smallholder Horticulture Empowerment Project to be carried out in Senegal. Extending over the period 2017-2023, the initiative will benefit small horticulturists from the Association of Vegetable Unions in the Niayes region, one of the main horticultural production areas located in the North-West of the country. "This project will enable producers to improve their horticultural production and increase their incomes. It will provide support in the transformation of the local economy of the different targeted production areas," said Moriya Yuji, the Regional Manager of JICA at the Senegalese Press Agency (APS)..."


RWANDA:
Ignite will electrify 12,000 rural households: "The energy company Ignite has signed with the Rwandan national police a partnership for the electrification of 12,000 rural households thanks to off-grid energy solutions. The access to energy for these populations will be possible thanks to 3,117 solar domestic installations. Ignite will provide electrical installations and will also train the technicians of the national police who will install the equipment in about 4 weeks. The regions with reduced connection chances to the Power grid will be privileged in the project..."


NIGERIA:
NNPC announces the re-opening of its oil depot in Kano: "In Nigeria, the state-owned oil company, NNPC, announced on May 18 the re-opening of its oil depot in Kano, north of the country. The infrastructure was out of service due to attacks by militants. "This is a historic day for us in Kano. With the re-opening of the depot, our populations will have easier access to petroleum products," said the Governor of Kano, Abdullahi Ganduje. "This will also help boosting economic activities across the state," he continued. For his part, the General Manager of NNPC, Maikanti Baru, indicated that the initiative is in line with the objective of the President Buhari, aiming at boosting the country's oil infrastructure..."


MALI:
Decrease in gold exports in 2016: "According to the new data of the Malian Institute of Statistics, the exports of gold from Mali have decreased in 2016, passing from 70.2 tons to 67. This decrease is explained by the diminution of artisanal production during the year. Indeed, the country exported 23.7 tons of artisanally produced gold in 2015, this figure declined to 20.1 tons in 2016. According to Bakary Guindo, an official of the Chamber of Mines, this decrease is due to the high taxes and the banning of gold panning during the rainy season between May and September due to reasons of safety..."


ANGOLA:
Sonangol cancels an international call for tender for the allocation of eight oil tanks: "In Angola, the State's corporation in charge of the exploitation of hydrocarbons has just canceled a call for tender related to the allocation of eight blocks of oil. The reason evoked by the company is that it fears that the morose economic context of the industry does not affect the true value of the concessions. "The new economic realities, marked by the fall in oil prices and the deterioration of the financial situation of sector actors, do not promote the profitability of the call for tender," justified Sonangol in a statement. The call for tender was launched in 2015. Chevron, Glencore, and Galp had been pre qualified to submit to the next phase. Of the eight Petroleum blocks, five are accommodated in the Kwanza Basin and three in the Bas-Congo region..."

 

 

Crédit : IMPERIUM MEDIA

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