Author: Cedric Tossa

According to a statement issued by the Banque de l’Habitat (BH), the institution’s NBI rose by 17.5% in 2018 to reach 455.2 billion Tunisian Dinar at the end of December 2018 compared with 387.4 MTD. a year later. It also indicates an increase in interest income of 224.8 MTD, or 43.92%, to reach 736.6 MTD over the same period and an increase in fees received (12.8 MTD, or 14%). 64%, to reach 100 MTD at the end of December 2018 against 87.3 MTD at the end of December 2017). Similarly, we note an increase in the outstanding receivables on customers…

Selon la Banque centrale du Ghana (BoG), in November 2018, 172.9 million of Ghana cedis (around 34.5 milliards USD), who repre sentent 57.9% of the GDP pour l ‘ année. Between July and November 2018, after the resumé économique et financier établi par l’banque centrale, the passover of 159.7 millions of Ghana cedis to 172.9 milliards, there is an increase of 13.2 milliards au cours de la periode If the reasons for this dispute are unpolluted, sources that rappell the obligation of 9.8 millions of Ghana cedis to give government support for these banks in the framework of the banking…

Total Africa’s director, Guy Maurice, told Brazzaville on 25 January 2019 that the group “will continue to support the Congo in its development”. After an interview with President Denis Sassou N’Guesso, the manager has indeed declared that Total will invest more in the country and thus support it in its development. “During these 50 years of close cooperation with the Congo, Total has supported the Congo in its development. It has been present in each of the stages, the difficult and the easiest, “he said, adding that” this year of the jubilee will be placed under the sign of continuity…

The Chadian state has mobilized 1,566 billion FCFA, or 40% of the total amount pledged by the donors for the implementation of the National Development Plan (PND, 2017-2021), according to an announcement made by the government. “The cumulative total of the financing of the NDP mobilized to date is 1,566 billion CFA francs, representing 40% of the 3905 billion CFA francs promised. However, concrete measures and restructuring are envisaged to remedy this, “said Oumar Yaya Hissein, the government spokesman and Minister of Communication, quoting his colleague from the Economy, Issa Doubragne, in a report of the Council ministers. Recall that…

Togo will proceed to the issue by auction of similar Treasury Bonds for an amount of 20 billion FCFA on the market of the West African Economic and Monetary Union (UEMOA), according to an announcement made by Umoa-Titres agency. The deadline for the submission of tenders is 25 January 2019, with a nominal value of 10,000 FCFA and the interest rate is 6.25%. The repayment of these obligations will be January 31, 2022, specifies the agency. The payment of interest will be made annually on the basis of the rate of interest announced the year from the first year, one…

Chinese company China Molybdenum has entered into a share transfer agreement with Sino-US BHR to buy back its capital in the Tenke copper mine. The announcement was made on January 18, 2019. “The purchase will increase the company’s control in the Tenke copper mine and further improve the profitability and resilience of the company,” the Chinese company said in a statement. Indeed, the agreement aims to increase to 80% the interests of Molybdenum which already owned 56% in the large copper and cobalt Tenke Fungurume mine in the Democratic Republic of Congo (DRC). To do this, it will buy BHR…

The Minister of Economy and Finance of Togo, Sani Yaya, and Chang Doghee, President of the Saemaul Globalization Foundation of South Korea signed on 18 January 2019 in Lome, a financing agreement of 2.7 billion FCFA to support an agropolis project that is entering its execution phase. Indeed, the project had struggled to start in recent years. This Korean funding accelerates its implementation. The launch of the first site in Kara, about 420 km north of Lomé, is being announced. In addition, the Saemaul Foundation is expected to provide expertise: “South Korea has decided, beyond the financial contribution of 2.7…

As part of its international financing program for 2019, the Ghanaian government launched on January 13, 2019, the process of issuing USD 3 billion of sovereign bonds on the international capital market through the intermediary of the Ministry of Finance. In its 2019 Budget Statement, the Government has planned the mobilization of resources using various instruments of the international capital market. According to Finance Minister Ken Ofori Atta, options include Eurobonds and green bonds, among others. This mobilization will be used to finance critical capital expenditures, expenses generating economic growth and the management of liabilities.

The Minister of Industry and Tourism, Ihou Attigbé, chaired on January 17, 2019 in Adangbé in the pineapple processing unit “Afrik Excel”, the launching ceremony of the project to support the improvement of the competitiveness of the pineapple industry in Togo. The project is co-financed by the European Union and Germany respectively for 4.7 million euros and 1.25 million euros over a four-year period. It is part of the program of the European Union for competitiveness of West Africa, says one. The program aims to promote the integration of the countries of the region into regional and international trade. Moreover,…

Afreximbank, the pan-African bank for the promotion of African exports, signed on 17 January 2019 a credit agreement of 170 million USD with the Egyptian company Orascom Investment Holding (OIH), beneficiary. This agreement aims to support OIH in its African projects, particularly for the development of its exports, and will encourage the expansion of pan-African Afreximbank activities in the short and medium term. According to Benedict Oramah, chairman of the Cairo-based African investment bank, the agreements are among the institution’s driving forces to promote intra-African investment and the manufacture of export products thanks to the intra-African financing mechanism. African. It…

Orange Burkina now has a license to implement 4G + technology in Burkina Faso. The operator announced Tuesday, January 15 to have acquired the first license of this type for an amount of 40 billion FCFA and for a period of 15 years. “This new technology will meet the ever-increasing needs of customers, and will undoubtedly bring a major change in the telephony ecosystem in Burkina,” said Ben Cheick Haidara, general manager of the telephone company that has, moreover, , disbursed 40 billion FCFA for the renewal of its 2G and 3G licenses. According to Fatimata Ouattara, Minister of Digital…

Nigerian President Mahamadou Issoufou received on 14 January 2019 in Niamey, the president of the West African Development Bank (BOAD), Christian Adovelande came to address the cooperation between the institution and the country. According to the Beninese, the Lome-based institution has “today 14 active projects in Niger, of which eight relate to roads, three in the field of food safety, and three in the field of energy”. Among other things, the second phase of the Niamey urban road network, the urban roads of Zinder, Maradi and Tillabéry are mentioned. According to Mr Adovelande, the already “satisfactory” cooperation between the two…

In Ghana, electricity costs will increase in February, according to a statement by Ishmael Edjekumhene, chairman of the technical subcommittee of the Public Utilities Regulatory Commission of Ghana (PURC). “The official announcement is expected soon to take effect from February,” he said on a local radio. In March 2018, the last review recorded a reduction in electricity rates ranging from 17.5% to 30%. But the Ghana Electricity Company (ECG) later undertook several works especially in the Ashanti region where it spent about 120 million USD. As a reminder, the ECG is about to sell its distribution business to the Philippine…