The Pan-African Economy in Brief: Monday, August 3, 2020

South Africa:
Telkom enters the mobile financial services segment:
Telkom has launched a funeral insurance offer on the South African market, in partnership with the insurer Guardrisk. The operator, which also advertises credit services for businesses, in addition to a digital portfolio, wants to diversify its revenues in the face of the fall in the fixed-line segment.

The port of Cotonou is introducing new fees for the fight against maritime piracy:
In Benin, anchoring in the waters of the autonomous port of Cotonou (PAC) will now generate additional costs. This is due to the introduction of new fees as part of the fight against maritime piracy.

China wants to help Togo to triple the yield of its rice fields:
China wants to allow Togo to produce 10 to 12 tons of rice per hectare instead of the current 3.5 tons. After having trained about thirty Togolese engineers, the Middle Kingdom has just handed over to Lomé a batch of equipment for the creation of a local hybrid rice.

Bia Niger offers buildings to the Maternité Poudrière II of the Centre Hospitalier Régional de Niamey:
BIA NIGER endows the Maternity Powder Magazine II of the Regional Hospital Center (CHR) of Niamey, with several buildings in order to concretize its commitment to the CHR. The bank's support is part of a partnership agreement signed on December 31, 2019, which involves financing the construction and equipment of a building consisting of a reception area and a block of four toilet compartments, intended primarily for the families of patients of Maternité Poudrière II.

Côte d’Ivoire:
"In Abidjan, meteorological data is essential to help the authorities prepare for the floods":
In response to torrential rains and flash floods that have caused flooding in parts of Abidjan, the economic capital of Côte d'Ivoire, the African Development Bank has provided support to the authorities to help them collect essential meteorological data to better prepare for such disasters.