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ICT & Telecom

REF: 54816bcc60b87

Senegal: mobile and fixed subscriber base declined in Q3 2014

The Regulatory Authority for Telecommunications and Posts (ARTP) of Senegal has issued its report on the telecommunications market for Q3 2014. Sonatel, the incumbent remains the leader with a 55.07% market share, 24.19% for Tigo, who have has just launched the 4G service in its pilot phase and 20.29% for Expresso Sudatel. Although the subsidiary of ...

Source: Agence Ecofin
Translator: HTT


274  WORDS   36.00  EUR

Mines

REF: 54816b0cc5903

Mozambique: OGI raises $ 6 million and prioritizes exploration on alluvial diamonds

OGI Group Ltd, which recently acquired significant alluvial diamond and graphite projects in Mozambique, raised $ 6 million equity loans to be converted into shares after January 2015. The fundraising received "considerable support which is very encouraging and provides strong support for the diamond asset portfolio and graphite that we have acquired," ...

Source: Agence Ecofin
Translator: HTT


247  WORDS   32.40  EUR

Mines

REF: 54816ad04ea9e

Burkina Faso: 77 kg of gold seized in luggage at Ouagadougou international airport

Gold bullion weighing a total of 77 kg was seized in November at Ouagadougou airport in the baggage of Belgian and French travellers who were trying to get the cargo out of Burkina Faso illegally on a scheduled flight. The Ministry in charge of mines made the information public on December 3 and assessed the value of the cargo at 1.5 billion CFA francs. ...

Source: Agence Ecofin
Translator: HTT


241  WORDS   32.40  EUR

Finance

REF: 548169793b231

Ebola: World Bank offers $ 160 million to revive Sierra Leone’s economy

The World Bank announced on December 3 aid of $ 160 million to redress the Sierra Leone economy brought to its knees by the Ebola outbreak. The announcement was made in Freetown by the President of the World Bank, Jim Yong Kim, after a meeting between the Head of State of Sierra Leone Ernest Bai Koroma. "The aid is intended for regional operations centers ...

Source: Agence Ecofin
Translator: HTT


239  WORDS   31.20  EUR

Finance

REF: 54816941ce569

Zimbabwe: Mugabe announces elimination of Vice-President Joice Mujuru

During the congress of his party, Zimbabwean President Robert Mugabe has accused Zanu-PF's Vice President Joice Mujuru of "plotting to overthrow him" and "work with the main opposition party, the movement for Democratic Change (MDC) and its ally, the United States." The head of state also said Joice Mujuru was "too simple and immoral to lead the country." ...

Source: Agence Ecofin
Translator: HTT


194  WORDS   25.20  EUR

Finance

REF: 548168e2ed1a1

Nigerian Stock Exchange to launch a derivatives market in 2016

The Nigerian Stock Exchange (NSE), the second largest African financial center after Johannesburg, plans to launch a derivatives market in 2016, reported Bloomberg on 3 December. "A lot of work is being done in this direction. Among the derivatives, we plan to launch futures and options on stocks and indices," said the CEO of NSE, Oscar Onyema. Through ...

Source: Agence Ecofin
Translator: HTT


209  WORDS   27.60  EUR

Finance

REF: 548168b139e75

Canada signs new investment agreements with Mali, Senegal and Ivory Coast

During the Francophonie summit meeting, held in Dakar on 29 and 30 November 2014 last, the Canadian Minister of International Development and Francophonie, Christian Paradis signed agreements on the promotion and protection of foreign investments (FIPA) with Côte d'Ivoire, Mali and Senegal, according to a statement posted on the ministry's website ...

Source: Agence Ecofin
Translator: HTT


184  WORDS   24.00  EUR

Finance

REF: 54816878b5eea

Support by African banks for trade reached more than $ 350 million in 2011 and 2012

In a report entitled "Trade finance in Africa", published on 3 December 2014, the African Development Bank (ADB) estimated that the participation of African banks to finance trade peaked at $ 350 billion for the period covering 2011 and 2012, a figure which "represents about a third of the total volume of trade made by Africa." However, this figure ...

Source: Agence Ecofin
Translator: HTT


296  WORDS   39.60  EUR

Finance

REF: 5481682af085c

PwC estimates annual spending on infrastructure in Africa by 2025 at $ 180 billion

According to a report by the auditing firm PricewaterhouseCoopers, investments in Africa on infrastructure are expected to reach $ 180 billion per year by 2025. "The sectors that will benefit the largest allocations are transport (36%) and energy (30%). At this rate, the region should maintain its 2% share in the global infrastructure market," said ...

Source: Agence Ecofin
Translator: HTT


223  WORDS   30.00  EUR

Finance

REF: 548167f67d87b

Launch of a new bond "CRRH-UEMOA 6% 2014-2024"

From 1 to 22 December 2014, the Regional Mortgage Refinancing Bank UEMOA (CRRH-UEMOA) is offering a new bond called "CRRH-UEMOA 6% from 2014 to 2024". The € 15 billion FCFA issue at 10,000 FCFA per bond with an annual net interest rate of 6%, this safe and profitable loan will be used to refinance home loans made by CRRH-UEMOA shareholder banks to ...

Source: Agence Ecofin
Translator: HTT


256  WORDS   33.60  EUR

Finance

REF: 548167c44fdf5

South Africa: Steinhoff reaches top 10 South African companies

The South African group Steinhoff Holding Limited which specializes in the sale of furniture and equipment for houses, partly under the Conforama brand, is now well positioned to enter the top 10 South African enterprises, according to a comment made by one of the managers at Old Mutual Investment Group, in a briefing note to the public. "More than ...

Source: Agence Ecofin
Translator: HTT


227  WORDS   30.00  EUR

Finance

REF: 54816782f27bf

South African President Jacob Zuma begins state visit to China

South African President Jacob Zuma began an official visit to China on 4 December, during which several bilateral economic agreements should be signed. Accompanied by a large ministerial delegation, Jacob Zuma met with Chinese Premier Li Keqiang, who congratulated him on his re-election last May as the head of the country. "You have always attached ...

Source: Agence Ecofin
Translator: HTT


264  WORDS   34.80  EUR