BURKINA FASO:
CFAF 19 billion from the IDB for the livestock sector: "The Islamic Development Bank (IDB) has just granted Burkina Faso a fund of over CFAF 19 billion. This envelope, intended to finance pastoralism in Burkina, will benefit 300,000 breeders. While only a few formalities remain to be accomplished, the financing of the Livestock Sector Development Project (PNDEL) and the National Program for the Rural Sector has already been registered at the beginning of May. The President of the Islamic Development Bank (IDB), Bandar Al HAJJAR, and the Minister of Economy, Finance, and Development of Burkina Faso, Hadi Zatou Rosine Coulibalysori, have met in Jeddah, Saudi Arabia, in the beginning of May, to study the financing arrangements of these two Projects..."
2017 agricultural campaign: Three billion inputs for producers: "The farmers in Burkina Faso will be supplied very early this year with agricultural inputs. Meeting in the Council of Ministers on Wednesday, May 17, 2017, the executive, according to his spokesman, the Minister of Communication, Rémis Fulgance Dandjinou, has approved, under the Ministry of Agriculture and Hydraulic Improvements, the results of call of tenders for the supply of fertilizers in the thirteen regions of Burkina Faso. With a total amount of three billion CFA francs, this market will put at the disposal of the peasants about 12 thousand tons of inputs. During this Council, chaired by the Prime Minister Paul Kaba Thiéba, the Minister of Energy, for his part, gave the Government an update on the implementation of the Energy Sector as part of the National Plan for Economic and Social Development (PNDES), notably the impact on the population, faith Rémis Dandjinou..."
MOZAMBIQUE:
Mozambique wants universal access to electricity by 2030: "The National Director of Energy of Mozambique, Pascoal Bacela, said that the country hopes to expand its electricity grid so that by 2030 all Mozambicans have access to electricity. According to the Governmental Noticias newspaper, Pascoal Bacela, who spoke at the annual meeting on Tuesday with the heads of the Ministry and his partners in cooperation, explained that the national network had reached 26% of the population of the country of 23 million inhabitants while a large number of other citizens are supplied with electricity by solar panels..."
ZIMBABWE:
Standard Bank finances the renovation of two power plants: "The South African Bank has partnered with the Eastern and Southern African Trade and Development Bank (PTA Bank) to provide this funding that will be used for the renovation of the South Kariba Hydroelectric Plant and the Hwange Hydrothermal Plant. "These funds will improve access to energy in Zimbabwe and Namibia; and over the medium and long term, the benefits of this enhanced energy distribution and its reliability will reach other members of the South African Power Pool (SAPP). Without reliable access to energy, the industrial and economic growth is negatively impacted," said Tandie Njibe, the Regional Director of the department dedicated to investment banking at Standard Bank, relayed by the agency Xinhua..."
CAMEROON:
$42.5 million for the agro-pastoral sector: "The Government of Cameroon will soon sign, with the Islamic Development Bank, three Financing Agreements covering an overall amount of CFAF 25.42 billion, i.e. $42.5 million. This new Envelope will be devoted exclusively to pastoralism and livestock. Cameroon has just found a solution to the financing of its development projects in the pastoral sector. The Government was indeed authorized by the Head of State, Paul Biya, to resort to the Islamic Development Bank (IDB) to sign three financing agreements for an overall amount of CFAF 25.42 billion, i.e. $42.5 million. According to the presidential decree authorizing these agreements, the funding will be devoted entirely to the livestock sector..."
NIGERIA:
Nigeria will raise $3.5 billion in the form of foreign loans and Eurobonds in 2017: ""Nigeria is planning to mobilize $3.5 billion from the International Debt Market in the form of Eurobonds and loans from the World Bank," confided to Reuters on Wednesday, the head of the agency in charge of fiscal policy of the country. The General Manager of the agency, Ben Akabueze, indicating that $2 billion of this amount would come from concessional loans while the balance will be lifted on the Eurobond market and the trade market..."
Nigeria refined 10 million barrels of crude oil during the first quarter of the year: "For the first quarter of the current year, Nigeria has refined 10 Million barrels of oil. This represents 2 million barrels more than the refined volume in 2015 and about half that refined in 2016 (24 million). "The refined volume was 10 million barrels of crude oil in the first quarter," said the General Manager of NNPC, Maikanti Baru Baru, attributing performance to talks between the Government and the activists in charge of the attacks of the major oil infrastructures of the country, located in the Niger Delta. The refined quarter volume is equivalent to 111,000 barrels per day (b/d), i.e. 25% of the country's current refining capacity..."
Crédit : IMPERIUM MEDIA
