The Pan-African Economy in Brief: Friday, June 11, 2021
The 6th edition of SARA will finally be held in 2022:
In Côte d'Ivoire, the 6th edition of the International Exhibition of Agriculture and Animal Resources of Abidjan (SARA) will finally take place from November 25 to December 4, 2022. The announcement was made by the executive after the last Council of Ministers. The biennial event was initially scheduled to take place from November 26 to December 5. To explain this situation, the government puts forward the delays in the construction of the exhibition center on the space that should host the event, due to the pandemic of coronavirus. With the postponement of SARA, the African continent is still deprived this year of one of the most important appointments in the agricultural sector.
With license exemption, mining companies will invest $2 billion more in energy:
In South Africa, mining companies operating in the country have the capacity to spend an additional investment of about 27 billion rand (nearly $2 billion) on the implementation of stand-alone power generation projects. That was the announcement made on June 10 by the South African Minerals Council, just after President Cyril Ramaphosa announced his decision to remove the regulator's licensing requirement for projects not exceeding 100 MW.
Fesatel's strike notice expired, Telecom employees' threat looms:
Underway since June 1, the ten-day strike notice sent on May 31 to Said Oumar Koulibaly, the Minister of Posts, Telecommunications and Digital Economy, by the autonomous Federation of Telecommunications Unions (Fesatel) expires this Thursday, June 10. The work stoppage of all employees of telecom companies, which was to take effect tomorrow, has been postponed to Monday in order to give the government more time for possible consultations.
Mambilla power plant dispute to be resolved:
The dispute between the Nigerian government and Sunrise Power and Transmission Company Limited (SPTCL) over the Mambilla hydropower project in Taraba State appears to be resolved. The government has agreed to pay $200 million to the company as a settlement of the dispute. The Minister of Energy, Sale Mamman and the Attorney General of the Federation, Abubakar Malami sealed the settlement agreement signed on January 21, 2020.
Zimbabwe poised to become Southern Africa's second largest bus manufacturer:
Zimbabwe could become southern Africa's second largest bus producer after South Africa. A bus assembly plant has been built through a partnership between local vehicle operators and assemblers Amalgamated Bus Industries, Quest Motors Manufacturing, AVM Africa and Chinese bus and coach manufacturing specialist Zhongtong Bus.