BURKINA FASO:
BADEA, 15 million Dollars for Coris Bank International: "The last two years, it had benefited from 38 million Euros from the African Development Bank (AfDB), 10 million Euros from the OFID fund, and 30 million Dollars from the International Finance Corporation (IFC), to serve as a priority for financing medium- and long-term capital requirements for SMEs/SMIs, as well as Microfinance Institutions (MFIs). The Spokesman for the Development of the African Private Sector, the Chief Executive Officer of Coris Group, Idrissa Nassa, had carried out a work visit in Khartoum at the Headquarters of BADEA last April, as part of the Dynamics of Research of Financing Solutions for the African Private Sector..."
Water and sanitation: The qualified human resources, the winner's choice: "The efforts deployed by Burkina Faso and its partners in water and sanitation are hampered by the lack of human resources and qualified equipments. In an effort to change the game, the World Bank finances a project named "Center of Excellence for Training and Research in Sciences and Technologies of Water, Energy, and Environment in West and Central Africa," zooming on an initiative which revolutionizes research at the Institute of Engineering and Water and Environment (2ie)..."
GHANA:
The first monetary policy decision of the new governor of the Central Bank of Ghana should be a decrease in rates: "Ernest Addison, a former economist within the African Development Bank, should make its first decision of Monetary Policy Committee in quality of Governor of the Central Bank of Ghana, a position held since March 2017. According to several sources accounting for the evolution of emerging markets and which cite the consensus of analysts, this first decision should be a decrease in the Central Bank's rate of interest. A decision that can surprise in the face of economic and financial challenges encountered by the country throughout 2016 and early 2017. But a look at the latest macroeconomic performance brings more insight into this expectation of investors. At the end of April 2017, the exports were again on the rise. Supported by gold sales and an increase in Cocoa incomes, they reached nearly 5 billion Dollars, while the exports were limited to 3.7 billion Dollars..."
KENYA:
IFC finances loans to a fertilizers plant: "The International Finance Corporation (IFC), a subsidiary of the World Bank dedicated exclusively to the support of the sector in the developing countries, has just granted a loan of 10 million Dollars to the agro-industrial group Fertiplant East Africa Limited for the construction of a fertilizer production unit in Kenya. Eventually, the volumes generated by the production of the next plant should benefit the agricultural sector of the whole Region..."
A 28% decrease in Sugar Production during the first quarter: ""Kenya's sugar production was 172,722 tons at the end of the first quarter of 2017, i.e. 28% less than the previous year's volume at the same time," reports Businessdailyafrica quoting the Kenyan Sugar Board (KSD). This contraction is the result of the weakness of the production of the crushing plants of the country, linked to the decline in the supply of raw material due to the drought which plagues several zones of cultivation according to the KSD. However, this unfavorable meteorology must not obscure the many internal problems which maintain the underperformance of the sugar industry. These include the producers' disenchantment for farming due to lack of support from the executive in the process of production and the delay in the payment of sugar cane..."
MALI:
Pastoralism and Energy: IDB grants 43 billion CFA Francs to Mali: "The Minister of Economy and Finance, Dr. Boubou Cissé, has participated in the 42nd annual meetings of the Islamic Development Bank Group (IDB) which was held in Jeddah, Saudi Arabia, last May 14-18. These sessions, which were chaired by the President of the IDB, Dr. Bandar M.H. Hajjar, had as their theme "Economic Empowerment of Youth." This Meeting was crowned by the signing of two loan agreements with a total amount of about 43 billion CFA Francs. With an amount of 23.6 billion CFA Francs, the first loan is an IDB Credit for the financing of the Pastoralism Development Program in the Sahel. The second loan is intended for the purchase of hydrocarbons for the Société Energie du Mali (EDM). It has been allocated by the International Islamic Trade Finance Corporation (ITFC)..."
IVORY COAST:
A projects portfolio of more than 7 billion Dollars with China: "At a press point on Monday, available on the YouTube channel of the Presidency of the Republic of Ivory Coast, the Chinese Foreign Minister Wang has lifted the veil on the great lines of the partnership between the two nations. "Globally, it is about 2.5 billion Dollars that is already committed between the two countries to finance ten cooperation projects," reports Ivory Times. "Currently, there are a dozen projects under way in preparation and realization between our two countries for a value of 2.5 billion Dollars," said the head of the Chinese diplomacy. He added: "And if we count the projects in the process of negotiation between our companies on both sides, this figure is bigger than 7 Billion Dollars. This shows that the Sino-Ivorian Cooperation has broad prospects before it..."
CAMEROON:
300 producers in North Cameroon have sold 2000 tons of Sorghum to Guinness between March 2016 and January 2017: "The World Bank published on May 19 an article that explains how the Agricultural Markets Investment and Development Project (PIDMA) that finance to the amount of 50 billion CFA Francs, have enabled some 300 producer organizations in Northern Cameroon to increase their production of Sorghum. To this end, the CROPSEC Cooperative (Regional Council of Peasant Organizations of the Northern part of Cameroon), entering into partnership with PIDMA in 2014, has developed a business plan to produce, collect, clean, and market sorghum to Agroindustrial Enterprises. It has established a partnership with the Agroindustrial Guinness Company, which buys it sorghum to make one of its beverages. On their side, the farmers, members of the cooperative, receive inputs and produce sorghum that they then sell to the Cooperative. The latter, collects and ensures the cleaning and the reconditioning, and it is in charge of the resend..."
Source : IMPERIUM MEDIA
