Author: Valerie Koudamenou

Algerian Minister of Commerce, Said Djellab, announced on February 11, 2019, the opening of the 2nd economic forum on the experience of development of economic poles in border areas in Souk Ahras that “the control of quality and compliance International standards for Algerian products are a fundamental condition for making domestic production an alternative to imported products. ” According to him, “the success of multiple companies to offer quality products that have made their way internationally” is thanks to the fact that the country has “managed for several years to establish a national, regional development base and international “. “A…

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The International Monetary Fund (IMF) announced on February 14, 2019 in a statement that economic growth in Uganda has resumed and could reach 7% this year if investments in infrastructure and the oil sector proceed as planned, and the credit of private sector remains favorable. “Tax and external vulnerabilities have increased, reflecting increased infrastructure investments, but also weaknesses in the budget process,” the statement said. The IMF recommends that the government reverse the trend of reducing budget allocations to social sectors to achieve more inclusive growth. In addition, oil production will begin in 2023, he predicts. In 2018, the budget…

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Burkina Faso’s General Tax Directorate (DGI) launched, on February 12, 2019 in Ouagadougou, a comprehensive fiscal census of taxpayers taking place from February 13 to April 12, 2019 in the Center and Hauts-Bassins regions. Objective, identify and geotag around 500,000 taxpayers. “We are about 55,000 taxpayers for the city of Ouagadougou. However, the activities are very developed and we should have more than one million taxpayers. So, we hope to have 10 times more taxpayers at the end of this operation, “said Jean-Paul Galbani, the coordinator of the project named Census Revenue 2019. “There is just a small part that…

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The low-cost airline Transavia Air France-KLM Group announced that it plans to connect Lyon and Casablanca next summer, specifically on the period from July 30 to September 1, 2019 at a rate of 2 flights per week. The idea, according to the carrier, is to allow “the Australians the opportunity to discover the charms of Morocco, while strengthening its strategic position in the Mediterranean”. Thus, departure flights are scheduled on Tuesdays at 10:45 pm and Sundays at 11:45 pm from Lyon-Saint Exupéry; and return flights from Casablanca-Mohammed V airport on Monday at 2:20 and Wednesday at 1:20. Transavia has transported…

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Bank of Tanzania (BoT), the central bank of the East African country is forecasting a 0.1% rise in economic growth expected to reach 7.3% this year. According to the issuing bank, the rise in imports will lead to a current account deficit (4.3% in 2019) which was 3.5% in 2018. As for inflation, it will remain at 5% in “Because of improvement in the food supply, good weather conditions and the reduction of energy costs”. “This performance will be driven by the commissioning of major infrastructure, favorable weather conditions and the vigorous implementation of an industrialization strategy,” the central bank…

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It’s done now. The Executive Board of the International Monetary Fund (IMF) has approved a loan tranche of $ 2 billion to Egypt, according to an announcement made Monday by Mohamed Moeit, the country’s finance minister. The envelope is the fifth tranche of its $ 12 billion loan, of which eight had already been received by the government. This loan facility was signed in 2016. According to Minister Moeit – who had announced it for “soon”, Egypt should receive this slice within a few days, noting that the approval of the fifth tranche by the IMF results from recent economic…

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In a statement released on Monday, Egyptian Finance Minister Mohamed Moeit outlined his department’s strategy to reduce the debt-to-GDP ratio to 93 percent in June 2019, to 88 percent in June 2019, and to 80% in June 2022. According to Mr. Moeit, this program targets an initial annual budget surplus of 2% of GDP and annual growth rates of more than 6% in the medium term. And explain that the government also aimed to reduce the external debt to 34% of GDP in June 2019, noting that Egypt’s external debt-to-GDP ratio fell from 41.1 in June 2017 to 36.8% in…

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Ivory Coast lifted Monday, a total of 47.27 billion FCFA in the regional market of the West African Economic and Monetary Union (UEMOA) and retained 33 billion according to the results of a transaction published by Umoa-Titres agency. With an amount requested of 30 billion, the operation thus displays a subscription rate of 157.58%. The interest rate is multiple, and the value date of the transaction is Tuesday, February 5th. As the leading economic power of UEMOA, Côte d’Ivoire has always obtained the confidence of investors when it comes to the market.

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On January 29, 2019, the Nigerian authorities inaugurated a youth employment project known as the Youth Employment and Productive Inclusion Project (PEJIP). It is financed by the World Bank to the tune of 30 million USD, or more than 17 billion FCFA and aims at the professional integration of 40 000 young people from 15 to 25 years. 30 000 young people among the beneficiaries will be selected in the poorest communes while the remaining 10 000 will come from municipalities at risk of insecurity, says one. The project will help Niger improve the quality of youth jobs, help diversify…

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The Board of Directors of the International Fund for Agricultural Development (IFAD) approved Tuesday, January 29, a financing of 20 billion CFA francs for the Support Project to the Risk-Sharing Agricultural Finance Facility (ProMIFA) . The amount, it is said, will be staggered over a period of six (06) years from 2019. It is structured in three components in connection with the pillars of the MIFA, and will have to contribute to revolutionize the Togolese agriculture and the make business-oriented professional, through technical support for the development of agro-pastoral value chains and access to the market (38%), support for the…

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The United Nations Resident Coordinator (UNS) in Burundi, Garry Conille, and the Minister of Economic Development Cooperation, Domitien Ndihokubwayo, launched the United Nations Development Assistance Project on 25 January 2019 ( UNIDAF 2019-2023). This project will be funded to the tune of $ 784.4 million by the global institution. “$ 359.7 million is already available, or 46%,” said Conille who remains “confident” by 2023 for the rest. The project provides assistance in several areas defined in the priorities through the National Development Plan, (PND 2018-2027), such as Equitable Education, Health, Economic Development, Empowerment of Women and Youth , peacebuilding, governance,…

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The Investment Promotion Agency (API) published on January 18, 2019 its figures according to which the single-desk registration of creation of companies, in 2018, has increased by about 50%. “The year 2018 has been a year of satisfactory achievements. The one-stop shop for the creation of companies registered 3,430 companies against 2,289 companies registered in 2017, an increase of 49. 84%. At the same time, projected employment amounts to 23,902 compared to 19,410 reported in the previous year, “said Leonard Sentore, director of the Investment Promotion Agency. He added that “statistics related to foreign direct investment (FDI) are produced after…

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Kenya Airways, the national airline of Kenya has proposed a private-initiative investment project (PIIP) for the concession for the operation and development of Jomo Kenyatta International Airport over a 30-year period, according to a announcement made by the Kenya Airports Authority (KAA) on January 23, 2019. “KAA’s board of directors and management have appointed Transaction Advisers to advise PIIP, including a comprehensive and comprehensive project evaluation,” said Jonny Andersen, chief executive officer of KAA. The PIIP consists in creating a common debt fund (FCC) specifically dedicated to the operation, management and development of the airport. Objective, boost the funds of…

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The 14th edition of the International Agricultural Show in Morocco (SIAM) will be held from 16 to 21 April 2019 in Meknes under the theme “agriculture, lever of employment and future of the rural world”. “This annual event, which is now the main event on the agenda of national and international stakeholders, confirms its vocation to be the most important event on the African continent in terms of agriculture while responding, thanks to the scientific content of the quality of the different meetings organized there, the issues of the moment, “said Jawad Chami, the Commissioner General of the event. The…

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