Cameroun : Société Générale et la BEI s’associent pour financer le développement des PME et débloquent une ligne de crédit dédiée de près de 10 Milliards de Francs CFA
- Lancé en présence du Ministre Camerounais des PME, ce projet permettra à des centaines de PME de bénéficier de cette facilité pour financer leur développement,
- Cette ligne de crédit permettra de financer des investissements ou des besoins en fonds de roulement dans des conditions de décaissement plus souples,
Société Générale et la Banque européenne d’investissement (BEI) annoncent aujourd’hui la signature d’un partenariat en faveur du développement de l’économie camerounaise. Ce financement destiné à aider le secteur privé s’inscrit dans le cadre de l’appui de plus grande ampleur apporté par la BEI en vue de favoriser le développement des PME et de renforcer leur résilience en Afrique et dans le monde entier face aux difficultés économiques, sociales et sanitaires, notamment la pandémie COVID 19.
L’initiative régionale a été officiellement lancée lors d’une cérémonie organisée à Douala en présence d’Achille Bassilekin III, Ministre des Petites et Moyennes Entreprises, de l’Economie Sociale et de l’Artisanat du Cameroun, de Marème Mbaye Ndiaye, Directrice Générale de Société Générale Cameroun, et de Nikolaos Milianitis, Chef de la Représentation de la BEI en Afrique centrale.
Bénin : un projet financé par la Banque africaine de développement permet une hausse significative des rendements agricoles et revenus des exploitants
Mis en œuvre à partir de 2015 au Bénin, le Projet d’appui à la production vivrière et de renforcement de la résilience dans les départements de l’Alibori, du Borgou et des Collines (PAPVIRE-ABC) a permis d’améliorer de façon significative les rendements des exploitations agricoles.
Le projet, financé à hauteur de 24 millions de dollars américains par le Programme mondial pour l’agriculture et la sécurité alimentaire (« GAFSP » en anglais) via la Banque africaine de développement, s’est fixé l’objectif d’améliorer la sécurité alimentaire et nutritionnelle et de réduire la pauvreté des populations béninoises. Il a notamment permis d’augmenter la productivité agricole sur plus de 24 000 hectares dans le pays, selon le rapport sur l’état d’exécution et des résultats (EER) publié le 2 novembre par la Banque africaine de développement.
Boosting African agricultural growth and transformation: The importance of producer organizations
Second in a series of blog posts on the release of the 2020 Annual Trends and Outlook Report (ATOR) during the virtual 2020 ReSAKSS Annual Conference Nov. 3–5. The theme of the 2020 ATOR is “Sustaining Africa’s Agrifood System Transformation: The Role of Public Policies.” This post is based on Chapter 8. Read the first post here.
Africa’s rural transformation is hampered by the difficulties and missed opportunities farmers face in accessing markets. Many of these problems can be traced to farmers’ individual struggles—i.e., a lack of economies of scale—in consistently procuring inputs and marketing their outputs. Collective action mechanisms such as producer organizations could facilitate smallholders' access to input and output markets.
Dutch funding set to boost UNCTAD’s work on e-commerce and the digital economy
Generous grant from the Netherlands will boost Africa-wide ambitions to benefit from e-commerce and provides concrete support to its least developed countries.
Digitalization is a gamechanger for the African continent’s e-commerce entrepreneurs, but not all its nations have an enabling environment to benefit from the digital economy. New funds from the Netherlands aim to change that.
This week the Dutch government announced additional funding of $1.5 million for UNCTAD’s eTrade Readiness Assessments, more than doubling its financial support to the organization’s work on e-commerce and the digital economy for the 2021 to 2022 period.
“The Dutch contribution is particularly welcome in view of the COVID-19 pandemic, which has shown the importance of e-commerce and of scaling up efforts to help countries that are trailing behind in the digital economy to catch up,” said Shamika Sirimanne, UNCTAD’s director of technology and logistics.
The support will provide UNCTAD, the UN's trade and development body, with the funds to help selected African countries strengthen their readiness to engage in and benefit from e-commerce.
Betting on the untapped potential of Angolan honey
The government sees honey as a product that could help diversify the country’s oil-dependent economy and is working with UNCTAD and the European Union to improve production and boost exports.
Max Vicente is looking to scale up his Maxmel organic and natural honey business in the Huambo province in the heart of Angola.
He started the venture in 2012 after completing a doctorate in zootechnics and learning the ropes of beekeeping in São Paulo, Brazil.
Maxmel produces two tons of honey each year, which are sold entirely in Angola, but Mr. Vicente would like to explore export opportunities.
He’s not the only one betting on Angola’s honeybees. The government and UNCTAD have identified honey production as a sector that could help diversify the country’s economy. Oil accounted for about 33% of GDP and 93% of exports in 2019.
“The absence of harsh winters makes the climate perfect for commercial bee farming,” says Frederico Maurício, chief of the department for apiculture development at Angola’s Institute for Forestry Development (IDF). “It’s possible to produce honey in every region.”
How Africa can curb illicit financial flows to strengthen economies post COVID-19
The COVID-19 pandemic crisis has worsened the vulnerabilities caused by the excessive reliance of African economies on world markets.
Africa’s main trade partners include the European Union, China, United States and the United Kingdom. Together they represent more than 50% of the continent’s trade flows (see figure 1 and 2 below).
Africa’s dependence on external markets for medicinal and pharmaceutical products is particularly acute – Africa imports more than 95% of these products from outside the continent.
As the continent’s main trade partners have been severely hit by the COVID-19 pandemic, Africa has suffered significant business disruptions and output contraction, including in export sectors.
Africa’s GDP could contract by 1.4% in 2020 while the continent’s total merchandise exports could decline by 17%. McKinsey estimates that Africa’s manufacturing sector output will shrink by 10% in 2020 – equivalent to a loss of more than $50 billion – as result of COVID-19. […]
The Gambia: Statement by the High Representative/Vice-President Josep Borrell on the current political situation
The European Union has been at the forefront of support to the democratic transition in The Gambia since 2017 and to the reforms aiming at entrenching democracy, human rights and the rule of law. Over the last months, it has observed with growing concern a marked slowdown in the pace of the reform process and in particular noted the recent important setback with the rejection of the draft new Constitution. It is key for the 2021 Presidential elections to take place on the basis of a new social contract.
The constitutional review process is linked to other pillars of the democratic transition, in particular the transitional justice process with the Truth Reconciliation and Reparations Commission (TRRC), as well as the Security Sector Reform (SSR). It therefore remains important to lay the foundations for the follow-up of these processes. Moreover, taking forward other significant reforms, such as the revision of the Public Order Law, media and access to information laws prior to the 2021 Presidential elections, requires decisive Government action. […]
Africa could gain $89 billion annually by curbing illicit financial flows
UNCTAD’s Economic Development in Africa Report 2020 says stopping illicit capital flight could almost cut in half the annual financing gap of $200 billion that the continent faces to achieve the Sustainable Development Goals.
Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.
Illicit financial flows (IFFs) are movements of money and assets across borders which are illegal in source, transfer or use, according to the report entitled “Tackling illicit financial flows for sustainable development in Africa.”
It shows that these outflows are nearly as much as the combined total annual inflows of official development assistance, valued at $48 billion, and yearly foreign direct investment, pegged at $54 billion, received by African countries – the average for 2013 to 2015. […]
Madagascar : la Banque africaine de développement octroie un prêt de 27 millions de dollars pour développer les chaînes de valeur agricoles dans le sud-ouest du pays
Le Conseil d’administration de la Banque africaine de développement a approuvé, le 29 septembre à Abidjan, un prêt de 27 millions de dollars américains à Madagascar pour lui permettre de développer les chaînes de valeur agricoles dans sa partie sud-ouest.
Ce financement est destiné à la mise en œuvre du Projet de développement de la zone de transformation agro-industrielle dans la région du sud-ouest de Madagascar (PTASO), une initiative qui pourrait être dupliquée au niveau national pour assurer une meilleure transformation des produits agricoles. Le projet vise non seulement à inverser la tendance des faibles performances répétées sur les plans agricole et économique mais il doit également apporter une réponse aux conséquences de la pandémie de Covid‑19. […]
Corporate Council on Africa UNGA Series Spotlights Economic Recovery Strategies in Nigeria
On Thursday, September 24, 2020 Corporate Council on Africa (CCA) hosted the second session of its series of country-focused events on the sidelines of the 75th United Nations General Assembly (UNGA) meetings. The series, themed Partnering for Economic Recovery, highlighted key economic recovery strategies and investment opportunities in Morocco, Nigeria, and Senegal.
Thursday’s session focused on Nigeria. General William E. Kip Ward delivered welcoming remarks, noting the growth, challenges and opportunities in the Nigerian economy and the importance of increasing U.S.-Africa business partnerships for economic resiliency.