CAMEROON:
Three billion of IDB for the pastoral sector in Cameroon: ""The Islamic Development Bank (IDB) has granted a loan of three billion CFA Francs to Cameroon for the modernization of infrastructure and the marketing of pastoral products," learned on Monday from the Ministry of the Economy, Planning, and Territory Development..."
NIGERIA:
The Peugeot factory passes into the fold of the giant Dangote group: "Aliko Dangote is close to realizing his wish to see the Peugeot's Nigerian factory on the list of companies of his giant group. The public asset management company in Nigeria, better known by the acronym AMCON, had in fact announced in mid-January 2016 its intention to sell the 79.3% stake it holds in the capital of Peugeot Automobile Nigeria (PAN), an assembly plant with a capacity of 240 vehicles per day. An offer to which Dangote then joined forces with the (Nigerian) federated States of Kaduna and Kebbi, as well as the bank of industry. But nothing has yet filtered on this important deal, even less on the amount of the transaction.
The World Bank is disbursing an additional funding of 200 million Dollars for its Fadama III project in Nigeria: "The World Bank recently announced that it will allocate 200 million Dollars to Nigeria as part of the additional funding dedicated to the Fadama III project. The additional funding project for Fadama III covers six states and "has as its main objective the improvement of the productivity of farmers specialized in the cultivation of commodities, such as rice, cassava, sorghum, and horticulture," says the World Bank on its website..."
GUINEA:
Failing to agree, the strike in the Banks continues: "The Central Bank of the Republic of Guinea (BCRG) can do nothing about it and cannot cover the needs of all Guineans. In Conakry, as in the other major cities of Guinea, the "unlimited general strike" in the banks is in full swing. "We are in the prime... the negotiations failed, the strike continues," confided last night Abdoulaye Sow, the Secretary General of the Autonomous Trade Union Federation of Banks, Insurance, and Micro-Finances (FESABAG), to the Guinean media. Launched on May 24, the movement was observed in order to put pressure on employers. But for lack of agreement, the strike was maintained by the central trade union. In the capital, the primary banks are open, but do not perform any operations. This is the case of the different banks in Kaloum..."
MOZAMBIQUE:
Ncondezi looking for new partners for its 300 MW plant in Tete: "The Mozambican company Ncondezi Energy has announced that it was looking for new strategic partners for the development of its 300 MW coal-fired power plant in the province of Tete. This new development follows the suspension of exclusive discussions, ongoing since 2014, with the Shanghai Electric Power (SEP). Under the terms of the expired agreement, according to the mining company, SEP was to inject 25.5 million Dollars in project development costs compared with 60% of the shares of Ncondezi Power Holding 2. "This decision to suspend exclusive discussions follows more than three years of negotiations and work. The observed delays in funding are unsustainable and our best option now is to suspend these discussions," asserts Ncondezi in a statement..."
UGANDA:
Nearly 65 million Dollars in funding could be lost through the fault of the State: "In Uganda, the African Development Bank (ADB), which granted 234 billion of Ugandan Shillings (approximately 65 million Dollars) for the establishment of electrical transmission infrastructure, threatens to withdraw this funding. This decision is motivated by the delay observed in compensating landowners affected by the Project. According to Willy Kiryahika, the Executive Director of the Uganda Electricity Transmission Company Limited (UETCL), certain corrupt agents of the Ministry of State Affairs have deliberately delayed the process of granting new titles to the concerned owners, which slows down the project. "The African Development Bank has written to us, indicating that it is preparing to withdraw funding for the 132 kV Mbarara-Nkenda transmission line spanning 160 km and the 132 kV Tororo-Lira line of 260 km in length. The funding for these projects was 34 million Dollars and 31 million Dollars, respectively," told the Daily Monitor..."
DR CONGO:
A 12.2% decrease of the gold production in 2016: "By 2016, the gold production in DR Congo has decreased by 12.2% to 798,000 ounces. This reduction is mainly due to a 9% decline in the performance of the Kibali mine, managed by Randgold Resources, and confronted with operational difficulties. BMI Research, based on this poor performance and the current state of the sector, has downgraded its forecast of growth in the country's gold production in the coming years. While forecasting the DR Congo to reach 1.9 million ounces of production in 2021, the analyst firm now expects 1.25 million ounces..."
Crédit : IMPERIUM MEDIA
