The Pan-African Economy in Brief: Saturday, September 07, 2019
The AfDB will release CFAF 77 billion to improve SEEG's drinking water production in Libreville: "The Gabonese government is about to obtain a loan of 117.4 million euros, or about CFAF 77 billion from the African Development Bank (ADB). According to the Ministry of Water Resources, which is revealing the information, this money will improve the drinking water supply in Libreville and its surroundings. Specifically, it will be a question of extending the network in the municipalities of Libreville, Owendo, Akanda and Ntoum and renewing the distribution and storage infrastructures that have become obsolete. The Ministry of Water Resources informs that the plants of the Société d'énergie et d'eau du Gabon (Seeg) produce nearly 230,000 m3 of water daily for Libreville and its surroundings. But due to leaks in the network, uncontrolled connections and outdated installations, only 50% of this production reaches consumers..."
For more than 2 weeks, average cocoa field edge prices have been as high as CFAF 1040 per kg: "Since 22 August 2019, daily scores from the Sector Information System (SIF) have shown stable cocoa prices in Cameroon's production basins. Indeed, we have learned that for the past 20 days, the kilogram of beans has been sold at a maximum price of CFAF 1040, compared to a minimum of CFAF 1010. Unlike previous years, when the rainy season often pushed down bean prices due to difficulties in accessing production areas, Cameroonian producers may have had to smile this year..."
6 million soon to be spent on solar and wind hybridisation of 23 mini-grids: "Kenya Power has allocated 700 million shillings ($6.7 million) in funding to hybridize its off-grid production systems in the country. In concrete terms, these mini-grids will include solar or wind power generation technologies, with the aim of increasing their reliability and reducing their dependence on fossil fuels. This funding will be used for a project targeting 23 mini-networks throughout the country. Kenya currently hosts 27 of these facilities, mainly diesel-powered, which bring electricity to communities beyond the reach of the national electricity grid..."