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News of the week, in review...


Financial Inclusion: Orange Announces Micro-Credit System for Populations

# Inclusion financière: Orange annonce un système de microcrédit pour les populations

Bruno Mettling, Managing Director Africa and Middle East of the French mobile operator Orange.

Abidjan (Ivory Coast) - The French mobile operator Orange will launch this year, a service that will allow customers to borrow up to 100 euros (about 65,000 FCFA).

The project will start in the coming weeks in Madagascar, then in Mali before the end of the first semester.

This system, according to Mr. Metting, will have an impact on the populations of Africa where the rate of banking remains low.

Mobile phone companies like Orange are moving from 'a connectivity provider role to a service provider role for development'.

In the same vein, he announces investments in the field of energy. "We are investing in energy with new mobile-related solar technologies," he added.

Connectivity services account for 60% of the revenues of the Orange group, where the data and Orange money represent 20%. This trend could be reversed by 2050 for an operator who has successfully completed the digital transformation. Orange has 130 million customers in 20 countries in Africa and the Middle East.

  APA. March 27, 2018

  • Vocabulary tips:

Mobile phone companies: Entreprises de téléphonie mobile

Service provider: a company that provides its subscribers access to the Internet.

(une entreprise qui fournit à ses abonnés un accès à Internet, fournisseur de services)

Borrow up: obtain (something) with a promise to return it (emprunter)

Example: He borrowed that money from the bank (Il a emprunté cette somme à la banque)

Launch: an act or an instance of launching something (un acte ou une instance de lancer quelque chose, lancer)

Example: the launch of a new campaign against drinking and driving.

Synonyms: launching

The rate: a measure, quantity, or frequency, typically one measured against some other quantity or measure. (le taux)

Example: basic tax rate (taux d'imposition de base)

Synonyms: percentage, charge, speed, pace

Investments: the action or process of investing money for profit or material result.

(L'action ou le processus consistant à investir de l'argent dans un but lucratif ou matériel.)

Example: a debate over private investment in road-building.​

(un débat sur l'investissement privé dans la construction de routes​)

Synonyms: investing, venture, stake, contribution.

Trend: a general direction in which something is developing or changing.

(Une direction générale dans laquelle quelque chose se développe ou change.)

Example: an upward trend in sales and profit margins .

(une tendance à la hausse des ventes et des marges bénéficiaires).

Synonyms: tendency, movement, drift, swing, current, direction, progression, leaning.


btp & infrastructures:

Lack of infrastructure in Africa: IFC recommends developing financial markets

# Manque d'infrastructures en Afrique: la SFI recommande de développer les marchés financiers

In a report titled "Building the Future of Africa," the International Finance Corporation (IFC) recommends developing public-private partnerships and strengthening financial markets to bridge the continent's infrastructure deficit, while margins budgetary maneuvering by governments are increasingly limited.

The International Finance Corporation (IFC), a private sector subsidiary of the World Bank, presented a report entitled "Shaping the future of Africa" at the Africa CEO Forum), in which the organization presents opportunities for private investors in Africa. Its main recommendation is to strengthen the role of financial markets on the continent, in order to fill its infrastructure gap. (Version française)

Jeune Afrique by Victor Bérenger, march 29, 2018.

  • Vocabulary tips:

IFC (the International Finance Corporation): la Société financière internationale.

Infrastructure gap: the amount of money required to deploy all strategic and functional infrastructure projects a country currently demands.

(le montant d'argent requis pour déployer tous les projets d'infrastructure stratégiques et fonctionnels qu'un pays exige actuellement.)

Financial markets: a marketplace where trading of securities including equities, bonds, currencies and derivatives occurs.

(marché où la négociation de titres, y compris les actions, obligations, devises et produits dérivés se produit.)

Subsidiary: a company controlled by a holding company. (filiale)

Example: Multiline Agencies is a wholly-owned subsidiary of Multiline Holdings.

(Multiline Agencies est une filiale à 100% de Multiline Holdings.)

Synonyms: subordinate company, branch, branch plant, division, subdivision, derivative,


Cocoa: Côte d'Ivoire and Ghana commit to more consultation.

#Cacao : la Côte d’Ivoire et le Ghana s’engagent à plus de concertation

The Ivorian and Ghanaian presidents, Alassane Ouattara and Nana Akufo-Addo, signed the Abidjan Declaration on Monday, pledging to accelerate the implementation of a common policy for the cocoa sector.

Between them, Ghana and Côte d'Ivoire produce 60% of the world cocoa supply. But between these two neighboring countries, the differences in terms of management of the sector as well as prices can be enormous. For the 2017-2018 season, the price paid to farmers was $ 1,735 per tonne in Ghana and $ 1,270 per tonne in Côte d'Ivoire, a differential that led to significant smuggling.

Through this agreement, they commit themselves to "improve their cocoa marketing policies", to "implement a regional program to fight swollen shoot disease" or to "invite the private sector, particularly in Africa, to invest heavily in cocoa processing in Africa ". But if they evoke a concomitant announcement, upstream of each campaign, from the price to the producer, they do not go up to commit themselves to the harmonization of the price policy. (Version française)

  • Vocabulary tips:

Pledging : commit (a person or organization) by a solemn promise. (Promettre)

Example: the government pledged itself to deal with environmental problems.

(Le gouvernement s'est engagé à faire face aux problèmes environnementaux).

Synonyms: promise, vow, swear, undertake, engage, declare, affirm, avow.

Farmer: a person who owns or manages a farm. (Agriculteur, fermier, cultivateur)

Example: The main concern for farmers is to reduce their risk of suffering a herd breakdown.

(La principale préoccupation des agriculteurs est de réduire leur risque de subir une rupture de troupeau)

Synonyms: agriculturist, agronomist, rancher, smallholder, peasant, farmhand, grazier.

Smuggling: move (goods) illegally into or out of a country. (Contrebande)

Example: Fuel smuggling (contrebande de carburant).

Synonyms: import/export illegally, traffic in, run, bootleg

Upstream: moving or situated in the opposite direction from that in which a stream or river flows; nearer to the source (en amont)

Example: The same result was found for noncoding sequences upstream of accessory gland proteins.

(Le même résultat a été trouvé pour les séquences non codantes en amont des protéines des glandes accessoires.)

Synonyms: upriver.

A la semaine prochaine pour d'autres articles. Sur ce, happy week.

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