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  • The Pan-African Economy in Brief: Saturday, May 20, 2017

The Pan-African Economy in Brief: Saturday, May 20, 2017

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CAMEROON:
The Head of State modifies the Finance Law 2017: "The Cameroonian government is authorized to negotiate and, eventually, to conclude in 2017 the conditions safeguarding the financial interests of the State and its economic and political sovereignty, concessional loans totaling CFAF 500 billion, and FCFA 12 billion, respectively, according to an order from the President of the Republic Paul Biya..."

Investor Conference in Cameroon: One year later, no new investors: "The International Conference of Yaoundé was held under the theme: "Investing in Cameroon, a Land of Opportunities". In its publication of May 18, 2017, the Community Barometer recalls that more than 500 participants were working on concrete and pragmatic solutions to further improve investment conditions in Cameroon." Thus, investors had the promise of trade agreements that facilitate the export of Cameroonian products towards the sub-region, Europe, and the United States..."

Energy: A 10 MW thermal power plant announced in Maroua in two months: "Eneo, the concessionaire of the electricity utility in Cameroon, controlled by the British investment fund Actis, recently signed with Aggreko, an independent energy producer, a contract for the installation from July 2017 of a 10 MW thermal power station in Maroua, in the Extreme-Nord region..."


IVORY COAST:
Mutinerie in Ivory Coast: business leaders "relieved" by the outcome of the crisis: "Ivory Coast's Businessmen's Forum (CFE-CI) declared on Friday being "relieved" by the outcome of the recent mood of soldiers which caused, according to it, many prejudices to the Ivorian companies. "It is with satisfaction and relief that the Forum of Entrepreneurs of Ivory Coast has learned that the Ivorian Government has used dialogue to find a solution to the mutineers' demands," said Jean-Marie Koné, the President of the FCE-CI in a statement read to the press..."

45 Moroccan companies awaited at the 5th International Transport Forum in Abidjan: "According to the General Commissioner of this Fair, Magnatié Bamba, who was making preparations before the press on Thursday after a field visit to the site of the space "free bird" of the Palace of Culture of Abidjan chosen to host this event, ''so far we have 45 Moroccan companies that confirmed their participation.'' These Moroccan companies will occupy an area of 500 m2 under tents (marquees) erected for the occasion. In addition, Ms. Bamba announced that 32 other African companies from diverse backgrounds are expected at this annual meeting of transport and economic infrastructures. "We reassure each other that we are ready to start the 5th edition of the African International Forum on Transport and Economic Infrastructures in Abidjan on Tuesday, May 23, 2017."


SENEGAL:
Creation of a transom factory with concrete: Nearly two billion of Wallonia in Senegal: "A working session brought together the delegations of Senegal and Wallonia to the Prime Minister, under the presidency of the Prime Minister Mahammad Boun Abdallah Dionne. At the end of the meeting, the government's spokesman, Seydou Guèye, announced that Wallonia will finance the construction in Dakar of a concrete sleepers manufacturing plant in support of the Ter project (regional express train), for an amount of more than EUR 3 million, nearly CFAF 2 billion. Making the point, the government's spokesman, Seydou Guèye, said that the Prime Minister received Paul Magnette, the Minister of the Walloon government, in his working visit to Senegal. "The two heads of delegations had, in an atmosphere of cordiality, fruitful talks in which they spoke of the friendly and cooperative relations which exist between Senegal and Wallonia..."

Oil in Senegal: "Here's what you need to know": "Hydrocarbon management has become an exciting topic for the Senegalese, knowing that it is about helping to soften this "justified curiosity" in any good citizen. Faced with the deputies to answer current topics, the Prime Minister has spread the underside of this management by calling the Senegalese to a more retreat, thereby understanding the complexity of the said file. Dwelling on the petroleum code, Mouhammed Boun Abdallah Dionne has exposed the ins and outs of managing these resources..."


MALI:
Moussa Alassane Diallo during the 7th edition of the day of banks and financial institutions held on May 12 and 13, 2017: "The Malian banks must now adapt to SMEs and SMIs": "According to the president of the Professional Association of Banks and Financial Institutions of Mali, Moussa Alassane Diallo, "In 2017, Mali's banking and financial community will contribute to the promotion of a dynamic financial system and perform at the service of the development and the economic growth of Mali." The banks and financial institutions' day is now listed on the agenda of the Association of Banks and Financial Institutions of Mali (Apbef-Mali)..."

Promotion of Entrepreneurship in Mali: The Orange company launches the Createam incubator: "In its policy of promoting entrepreneurship in Mali, Orange launched the Createam incubator (Revealing Center and Enterprise Talent Accelerator in Mali) which is a non-profit association offering support to project initiators and Malian startups. The official inaugural ceremony of the headquarters of this association was held in Badalabougou on Tuesday, 16 May, 2017, in the presence of the CEO of Orange France Telecom, Stéphane Richard, the General Manager of Orange-Mali Alassane Diène, and other personalities including the former General Manager of Orange-Mali, Alioune Ndiaye, who is the General Manager of the Sonatel group currently. The ceremony was chaired by the Minister of the Digital Economy and Communication, Arouna Modibo Touré (sponsor of the association)..."

Agricultural productivity in the arid zone: To boost performance, the World Bank recommends four operating methods: "The World Bank last Thursday presented a workshop on the strategies to increase agricultural productivity in the arid zones of Mali. The meeting was chaired by the Secretary General of the Ministry of Agriculture, Dr. Abdoulaye Hamadoun, in the presence, among others, of the sectoral head of agriculture of West Africa at the World Bank, Simeon Héwi, and the FAO resident representative in Mali Fatima Seïd..."

 

 

Crédit : IMPERIUM MEDIA

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