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The Pan-African Economy in Brief: Thursday, October 11, 2018

BURKINA FASO:
Experts are immersed in the economic intelligence of African markets: "Qualified as an element of survival, economic intelligence is this tool that allows companies to be competitive at the national and international levels. In order to ensure the security of the African economy, the African Center for Economic Intelligence and Monitoring (CAVIE) has initiated a training seminar on strategic intelligence and economic intelligence in African Markets. The training takes place from October 9 to 12, 2018, in Ouagadougou..."


IVORY COAST:
Ivory Coast is looking for more Canadian private investment in different sectors of activity: "Ivory Coast wants to see an increase in Canadian private investment in the country in various sectors of activity. This was expressed by the Secretary of State to the Prime Minister in charge of promoting private investment, Emmanuel Essis Esmel, on Monday, October 08, 2018, during a Canadian businessmen's trade mission to Ivory Coast. "The volume of Canadian private investment attracted to our country, particularly in the priority sectors of the National Development Plan for 2016-2020, remains low, compared to Canada's existing economic potential and expertise in many areas of interest to Ivory Coast," he stated..."


KENYA:
Austrian, Japanese, and French companies competing for a $200 million contract: "The consortia led by the French groups Vinci-Meridiam Infrastructure and Japan (IHI Corporation Acciona), as well as the Austrian Sotrabag AG, are among the last three service providers selected for a contract to build a bridge in Kenya. The $200 million contract is a public-private partnership contract for the construction of the second Nyali bridge. A 6-lane structure whose purpose is to bring more fluidity to traffic between the city of Mombassa and the island adjacent to it..."


SENEGAL:
Advocacy for an increase in the Franc Zone's domestic resources: "The Finance Ministers of the 14 countries of the Franc Zone (users of the CFA Franc), meeting on Monday in Paris, reaffirmed their desire to implement sustainable economic policies focused on strengthening the Mobilization of domestic resources to achieve the target of 20% of Gross Domestic Product (GDP), reports a statement from the Senegalese Ministry of Finance, reached APA on Tuesday. This mobilization of these resources, accompanied by a diversification of the economy, should make it possible to limit the risks of economic and external financial dependence in an economic context marked by the recovery of growth on the African continent, the communiqué states…."

Raising Domestic Resources: Franc Zone Finance Ministers Set a Target of 20% of GDP: "Achieve domestic resource mobilization with a target of 20% of gross domestic product is the main decision of the Meeting of Finance Ministers, Presidents of Regional Institutions and Governors of Central Banks and the Franc Zone. The latter met yesterday, Monday, October 8, under the chairmanship of Mr. Bruno Le Maire, Minister of Economy and Finance of the French Republic in Bercy, Paris..."


NIGERIA:
A 300 MW gas power plant will be installed in Ibigwe: "In Nigeria, a 300 MW gas power plant will be built in Ibigwe. The development of this infrastructure is part of an agreement signed by the government with Waltersmith Refining and Petrochemical Company to develop the eponymous oil field. The oil company that signed the operating contract since 2004, obtained last year, the authorization of the Electricity Regulatory Commission to build the power plant..."