SENEGAL:
The curse of oil and gas, how to avoid it in Senegal? (By Ibrahima Sene): "By the year 2021, oil and gas exploitation is expected to begin in Senegal. This perspective opened large debate that became almost an obsession in the country by the fear of seeing our people fall into what is commonly called the "curse of raw materials", including oil and gas. The State authorities undertook to ensure the people through the creation of an "Oil and Gas Policy Committee" (COS-Petro-Gas), which has just organized an international colloquium for this purpose in collaboration with the "Extractive Industries Transparency Initiative" (EITI) to which Senegal has subscribed..."
GHANA:
The consumption of poultry meat is expected to reach 193,000 tons in 2017: "Ghana's consumption of poultry meat is expected to reach 193,000 tons in 2017, i.e. an increase of 9% over last year. This is revealed by the US Department of Agriculture (USDA) in a report dated May 23. To meet this consumption, the country will produce 35,000 tons of chicken meat and is expected to import 158,000 tons of the same commodity this year, 14,000 tons more than last year. This expected increase is essentially due to the growth in demand from urban consumers for the imported frozen chicken meat because of its relatively low price compared to that grown locally. In fact, according to the USDA, while the kilogram of imported meat was sold at 3.5 Dollars in 2016 in the market, the same amount of local meat was worth 15 Dollars. The fault of an increase in animal feed costs (60-70% of total production costs) and energy..."
IVORY COAST:
Nestlé inaugurates a new distribution center in Yopougon: ""Nestlé, the Swiss leader in agri-food, opened in the industrial zone of Yopougon in Abidjan yesterday a new distribution center for its products," reports the Ivorian Press Agency (AIP). Inaugurated by Jean Claude Brou, the Ivorian Minister of Industry and Mines, in the presence of John Miller, the Regional Director in charge Sub-Saharan Africa, the site covers a total area of 28,991 square meters (m2) of which 5,600 m2 are allocated to the storage of some 11,560 pallets. The construction works of the infrastructure involved a total investment of 6 billion CFA Francs and lasted two years. According to Stanislas Guedj, the Managing Director of Nestlé Ivory Coast, reported by AIP, this new commitment of the Swiss group comes to erect the Ivorian capital Abidjan in a true economic pole of growth of the Group's activities in Africa..."
MOZAMBIQUE:
Public Debt reached a staggering level (Central Bank): ""From 2013 to 2017, the Mozambican public debt has passed 40% of GDP to about 120%, a scary level," revealed, in Cascais in the periphery of the Portuguese capital Last Sunday, Rogério Zandamela, the Governor of the Central Bank of Mozambique. According to him, part of the increase in public debt is due to unplanned borrowings that represent a significant amount. Despite this, the Governor of Banco de Moçambique, cited by the Portuguese Press Agency Lusa, said that he was confident in what concerns the country's ability to overcome the current economic, budgetary, and financial crisis without hiding there are, however, many challenges to revel. At the National Business Council organized by the Confederation of Economic Associations of Mozambique, in Maputo, the administrator of Banco de Moçambique, Waldemar de Sousa, has declared that the restoration of trust donors and the International Monetary Fund remains a challenge of size..."
Eni will take the final investment decision for the FNLG of coral field this week: "On Tuesday, a spokesman for the Italian oil exploitation company Eni told Reuters that the final investment decision concerning the floating natural gas liquefaction unit of the southern coral field will be taken before the end of this week. The decision was awaited by all stakeholders for several months. A final investment decision before the end of the third quarter of this year will make it possible to launch the production of Liquefied Natural Gas (LNG) between 2022 and 2023. The project requires the connection of six submarine wells to a floating production facility which is expected to produce 3.4 million tons of LNG per year for 25 years. The assembly will consist of facilities for the treatment, liquefaction, storage, and discharge of gas..."
ANGOLA:
The mining industry will grow by 6.7% in the next five years (BMI Research): "According to BMI Research, the Angolan mining industry will experience a positive average growth rate of 6.7% over the next five years (between 2017 and 2021). The analysis firm bases its forecast on a potential increase in diamond production (the country's main mining product), stimulated by new projects and the growth of global demand. It also evoked the strategy implemented by the government to diversify its economy suffering from the oil crisis, its primary source of income. The state announced an investment program in 23 new mining exploration projects, not only in the diamond sector, but also in those of gold, phosphate, iron ore, copper, and natural stones..."
Crédit : IMPERIUM MEDIA
