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Apr 11, 2014

West Africa franc zone on track for 7 percent growth: central bank

DAKAR (Reuters) – Economic growth in the eight-nation West African currency union is on track to reach 7 percent this year, lifted by a resurgent markets, the central bank governor said.

Tiemoko Meyliet Kone said the bloc’s economy was reaping the rewards for years of economic reforms by its members and now also stood to benefit from a gradual recovery of growth in the European Union, its main trading partner.

Apr 11, 2014

Ivory Coast one of the best bets in Africa, investor says

DAKAR, April 11 (Reuters) – Three years after disputed
elections led to bloodshed, Ivory Coast has emerged as one of
the most exciting opportunities for private equity investors in
Africa, with a dynamic workforce keen to put a decade of turmoil
behind it, a senior investor said on Friday.

Jean-Michel Severino, chairman of Paris-based Investisseurs
& Partenaires, said its two funds totaling 65 million euros
aimed to provide investors with returns of up to 10 percent a
year while fostering social development in Africa.

Apr 7, 2014

Senegalese president says Africa a ‘land of opportunity’ for investors

DAKAR (Reuters) – Fast-growing African economies represent a “land of opportunity” for investors and those deterred by short-term turbulence in emerging markets will be the losers in the long run, Senegal’s president said on Monday.

President Macky Sall said his West African country was on track to nearly double its annual economic growth to 7 percent by 2017 thanks to a $21 billion programme of investment that aims to turn Senegal into a regional hub for transport, logistics and tourism.

Mar 29, 2014

Senegal shuts land border with Guinea to prevent Ebola spreading

DAKAR/CONAKRY, March 29 (Reuters) – Senegal closed its land
border with Guinea on Saturday to try to prevent the spread of
the Ebola virus, which Guinean authorities say is suspected of
killing 70 people in the deadliest outbreak in seven years.

The discovery of 11 people suspected to have died of Ebola
in Sierra Leone and Liberia in recent days has stirred concern
that one of the most lethal infectious diseases known to man
could spread in a poor corner of West Africa, where health
systems are ill-equipped to cope.

Feb 23, 2014

France risks long stay after misjudging Central African Republic

PARIS/DAKAR (Reuters) – When France sent troops to halt violence between Christians and Muslims in Central African Republic, commanders named the mission Sangaris after a local butterfly to reflect its short life. Three months later, it is clear they badly miscalculated.

Buoyed by a swift victory in last year’s war against Islamists in Mali, France’s military predicted six months would be enough to quell sectarian conflict in Central African Republic, which began in March when Muslim Seleka rebels seized power in the majority Christian country.

Feb 9, 2014

Analysis: War-scarred Ivory Coast reopens for business

ABIDJAN (Reuters) – Ivory Coast is re-emerging as the prime investment destination in French-speaking West Africa after a decade of political turmoil but President Alassane Ouattara must weed out corruption and promote reconciliation to keep cash flowing in.

Long considered the jewel in the crown of France’s former West African territories, a 1999 coup destroyed the reputation of Ivory Coast – the world’s largest cocoa producer – as an island of stability in a troubled region.

Feb 9, 2014

War-scarred Ivory Coast reopens for business

ABIDJAN, Feb 9 (Reuters) – Ivory Coast is re-emerging as the
prime investment destination in French-speaking West Africa
after a decade of political turmoil but President Alassane
Ouattara must weed out corruption and promote reconciliation to
keep cash flowing in.

Long considered the jewel in the crown of France’s former
West African territories, a 1999 coup destroyed the reputation
of Ivory Coast – the world’s largest cocoa producer – as an
island of stability in a troubled region.

Feb 5, 2014

Special Report: Areva and Niger’s uranium fight

ARLIT, Niger/PARIS (Reuters) – When France began mining uranium ore in the desert of northern Niger in the early 1970s, Arlit was a cluster of miners’ huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara.

The 1973 OPEC oil embargo changed that. France embraced nuclear power to free itself from reliance on foreign oil and overnight this remote corner of Africa became crucial to its national interests.

Feb 5, 2014

Areva and Niger’s uranium fight

ARLIT, Niger/PARIS, Feb 5 (Reuters) – When France began
mining uranium ore in the desert of northern Niger in the early
1970s, Arlit was a cluster of miners’ huts stranded between the
sun-blasted rocks of the Air mountains and the sands of the
Sahara.

The 1973 OPEC oil embargo changed that. France embraced
nuclear power to free itself from reliance on foreign oil and
overnight this remote corner of Africa became crucial to its
national interests.

Feb 4, 2014

Burkina, Ivory Coast hand control of railway to mining firm- PM

DAKAR, Feb 4 (Reuters) – Burkina Faso and Ivory Coast have
decided to turn over operation of the Abidjan-Ouagadougou
railway to mining company Pan African Minerals, and the line
will be extended to its planned manganese mine, Burkina Faso’s
prime minister said.

Burkina’s premier Luc Adolphe Tiao told Reuters that French
conglomerate Bollore’s contract to operate
the 1,260 km railway from the Ivory Coast port of Abidjan to
Burkina’s capital Ouagadougou had expired.