UGANDA:
The AfDB and IFC will undertake the refinancing of the Bujagali Power Plant: "Uganda has mandated the African Development Bank (AfDB) and the International Finance Corporation (IFC) for the restructuring and refinancing of contracted debts for the construction of the Bujagali hydroelectric plant. The two institutions will have to find investors to lend the Government of Uganda the necessary funds to acquire the infrastructure at an interest rate lower than that charged for the Initial financing. They must also persuade the institutions that provided the financing of the dam to readjust the payment period. These had been the Dutch Development Finance Corporation (FMO), the IFC, and the Proparco Group of the French Development Agency..."
BURKINA FASO:
Burkina Investment: The ITFC signs a cooperation framework agreement of CFAF 270 billion for a period of 3 years: "The Minister of Economy, Finance, and Development, Mrs. Hadizatou Rosine COULIBALY/SORI, and Mr. Hani Salem SONBOL, the General Manager of the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank Group (IDB), proceeded in Jeddah, the Kingdom of Saudi Arabia, on Sunday, May 14, 2017, the signing of a framework cooperation agreement for the period 2017-2019. Through this framework agreement, the ITFC undertakes to make available to Burkina Faso, over a period of three years, a financial envelope of USD 450 million, i.e. CFAF 270 billion. This funding materializes the commitment made in Paris during the Conference of partners of Burkina Faso for the financing of the National Plan for Economic and Social Development, by the Islamic Development Bank Group (IDB), to support the implementation of the plan at a height of USD 1.915 billion..."
USD 450 million from the IDB for Burkina Faso: "Through this framework agreement, the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the IDB Group, undertakes to make available to Burkina Faso, over a period of three years, a Financial Envelope of USD 150 million per year. This funding materializes the commitment taken by the IDB at the Burkina Faso Partners' Conference in Paris last December for the financing of the National Plan for Economic and Social Development (PNDES). The Islamic Bank had promised to participate in the implementation of the plan to the tune of USD 1,915 billion..."
MOZAMBIQUE:
The marketing of cashew nuts brought in USD 120 million: "With a production exceeding the target of 120,000 tons, "the marketing and export campaign for cashew nuts takes place at a good rhythm", said the Spokesman of the Government, Mouzinho Saide, quoted on Wednesday by Radio Mozambique (public). According to Saide, also the Deputy Minister of Health, the cashew sub-sector provides employment and income to more than 1.4 million families across the country. The crude cashew nut is exported to India and Vietnam, as well as to the United States of America. The Central Provinces of Zambezia and Manica, the Southern parts of Inhambane and Gaza, and North Nampula are the biggest producers of cashew nuts in Mozambique..."
SENEGAL:
Senegal will have 50% if 100,000 barrels of oil are extracted per day, according to the Prime Minister: "The oil and gas resources discovered recently in Senegal have occupied a prominent place in the face-to-face meeting between the Prime Minister and the deputies at the National Assembly, especially the share that will return to Senegal. Thereby, aware of the importance of the issue, Mohammed Dionne has suggested that first drops will come out of the ground and 75% will be returned to the Company to pay back its investment..."
KENYA:
The purchases of Kenyan tea by the United Kingdom in a 42.6% decrease in March: In March, the volume of Kenyan tea acquired by the United Kingdom has declined by 42.6% compared to last year, i.e. 3.1 million kilograms (Kg), reports the Kenyan tea directory. According to the institution, this significant downturn is due to the reduction of tea redirections by the Kingdom to the other countries of the European Union (EU). "We can easily attribute this situation to Brexit. Great Britain is one of our biggest tea buyers in Europe, not only for local consumption, but also for purposes of re-export," explained Samuel Ogola, number one in the organization. If indirect exports to the EU are in halftone, those carried out directly to certain countries of the old continent show a good health. Thereby, the volume exported to Germany gained 13.3%, passing from 75,000 to 85,000 Kg while that sold in the Polish market progress by 39% to 504 787 kg, against 363,554 kg a year earlier..."
TANZANIA:
In Tanzania, the graphite production on the Namangale project is expected to begin in mid-2018. This is what the owner, Volt Resources, has planned, which has published a new development plan in two Phases: The first phase of the project will involve a Graphite mine of 10,000 tons/year to 20,000 t/year and related processing infrastructure, and the products will be exported to the United States, China, and other markets; the second phase's objective will meet the expected growth in market demand. "The Board of Directors and Management have examined markets and developed a clear strategic path to allow Volt to quickly become a producer of high quality quantities of graphite through a staged development of the Project," says the President Stephen Hunt..."
Crédit : IMPERIUM MEDIA
