-provide the necessary supervisory personnel; to increase the output per ha by 50 per cent and f'urnish 2,0~0 ~ons compatible with Dahomey's annual
Ethiopia - Eulbaria
E/CN.14/STC/FTN/12
Page 19
. Ethiopia tuid Bulga.1."ia have concluded six economic and co-operation -ap-_eeme~ta, w~i_pp. include a Bulgarian loa!l of -Zth.$ 12.5 million.
IJ:'.he. }ca~.,,- Q~ing an interest of 2½ per cent, will help the establi' shme. . nt of Ethio-Bulgarian joint companies concerned with the dev.elopment- .of agriculture; . stock raising, fishing and in•iustrial uses of these r~sources.
• • • I
(Africa South of the Sahara, Paris,
5/4/65)
Guin~a - Fed. Rep. of Germar.y
I
'Ib.e signature of a capital aid agreement between Guinea and the Federal Republic of Germany hae been announced, under which the latter is to make available loans of up to lliu 30 millio~ for the modernization of the Guinean rail~ays. •
... ~ .
(Bo~rd of Tra~e Journal, London,
25/6/65)
Ivory Coast - ...,uro;ee~n IJ'eveloprnent' liu.nd
On 18 11:ia,y 196:J, the Ivory Coast signed a convention with the :E2C
• I ·t, ··, '{ _, •
-Commission, whereby the E.DF wi:11 finance the development of palm-groves, covering 32,000 ha. The cost _of financing t.1:,is projec.t· is $32. 0 million (CFA'F 8,1 milliard) and is non-repayable.
• (Ma.z-ches'·Tropica:ux, 'Paris, 22/5/65)
Ivory Coast - IDT Special Fund
Th~ y.t~.Special _~ d ~~ to h~l~ the I~ory Coast in opening the practicallJ unexplored south-west region for mining prospecting. Under the plan, a rail-network and daep-wate~ port will be built. The port rill be situated at San :Pedro, near the Liberian frontier.
The Fur..d is contributing $1.89 million and the Ivory Coast will provide the equivalent of $622,000 in services.
(Africa South of the Sahara, Paris,
8/4/65)
E/CN.14/STC/FTN/12
Page 20 _
Ivory Coast - :3EC
Under the provision stipulated .in the Yaounde Convention, the Zuropea.n In-y-~stment .Bank ha~ made its first loan to .. the Ivory Coast.
1he agreement was negotiated on 17 May
1965,
and is providing finance for t~e e~t~blishment of an ipdustrial plant to expedite the handling and packing of bananas. The-total cost of the project amounts to $2.6 million, towards which the EIB is contributing $1.015, million for seven years with interest at 5 3/4 per cent per annum. The loan is guaranteed by the Ivory Coast Government.(International Financial News Survey; ·-washi.rig-tw'r,: 18/6/65) Kenya
. It has been a11nounced that aid totalling I.41 million ( ~1;115 million) has been promised to Xenya from several soarces. This includes an offer from the International Development Association of a loan of 113 million to buy rolling stock for the ~ast African Railways; a loan from the
United Kingdom and the World Bank of ~20 miliion for consolidation of land holdings in Kenya, and !a3 in'illion for special d.evelopment in 1fasailand.
The World Eank has also ae,reed to brine fOr1fard Kenya•s tea programme so that the third pha.ae, which was to !1ave started in 1970t would now begi~ in 1967 (for previous loa~ for this project see FTNL No.9 & 10). The F·ederal Republic· of Germany has also agreed to loan lii5 mill.ion for a.
sugar project. Furthermore, the
.
~et~erlanda, Italy and France have agreed in principle to give technical assistance, and financial aid is expected from Franca.(Internatioual Financial News Survey, Washington,
23/4/65)
E/CN .14/STC/'fflf/12
Page 21·· '.'
1
Kenya
Plastics Africa Ltd. and A.C. Barbier Company are to undertake a joint venture to manufacture ball point pens in Kenya. A contract with
. . '
Bio Company has been concluded. Ball point pens were recently included in the list of goods whose import into Kanya is restricted.
('Overseas Review, London, February 1965)
Kanya - IDA
The International Development Association (IDA), an affili~te of the World Banlc, has given a credit of $3 million to Kenya for a road project which is ·~n integral part of'the Kenya.Tea Development programme (for J)revious~ loans toward this projeet see FTNL No.9 & 10, pp:.18--19).
·' .
The funds will help to finance -'11he c<J'.1a.t:ruc·~ion of about
. .
900 dles of tea collection and factory access roads to permit prompt collection and·ittooessing of'
tea,
and equipment for 15 small road maintenance units. (Africa, Paris,25/6/65)
Kenia - Fed. Rep. of Germany
The Government of West Germany has made a further .loan of .. lal. million to Keny~_for the n1ain purpose of supporting the Industrial and Development Co1'l)oration. The main task of the Corporation is to assi~t .Af'rioans to
i i , ' . . - , 1 . . . t'1 • ._ I t;: :; . ,:: .. ' . , .. :) . .,.": ~ • -., • ... •♦ • I •
enter comm, ce and to establish sma;:l inJu~,~r_ie_~~ \,
~~V:f,~f~e ;1,;
~-~~r fromthe West German Government has amounted to over b5½ million over the last three years.
(Overseas Review, London, June 1965)
.
E/CN.14/STC/FTN/12 Page 22
Kenya - Sweden
rh~.
Government _of Kenya has obtained finapce eq_uival~nt -to Jal million from Sweden. It is to be used f9r the establishment 1¥1d.~~itial +UDning of a acienoe teachers~ .tra:\..ning college. The school will take 30.0 students.The Swedish Government is also providing 28 teachers for the college, and these will be replaced by Kenyan teachers over a ten-yaar period.
(Overseas Review, London, June
1965)
.. "• . ... t• ' •• iLiberia. - IMF
The International Monetary Fund has approved a stand-by arrangement that authorizes the Government of Liberia to draw·up
to
the'eqU.1valent of .. 14. 0 mi.llj_on over the next twelve months. Liberia Is outstanding drawings• ' • ' • ; • • t .'. ,.,,. • · -~ • ..
on the Fund OU1Tently to~al
$7.4
million. , ,,:The new arrangement is the third successive·one-yea.r stand-by arrangement that the Fund has approved for Liberia (see FTNL Nos.5 & 6, p.29).
( International Financial News Survey," ·Washington, -4/6/65)---~
Liberia - UK
. ,tJl· ··:1;e Vi~~
t;~·d Kingdom is to make available 1:.2001000 tq Liberiai. The oredi t wi.11 ..
be .used to.
purchase road-puilding . •' equipmen:t and. mate~ia.la, and wj,.111:>e repayable over 20 years.(West Africa, London,
27/2/65)
Mali
-Industrial development is progressing under Mali's Five-Year Develop-ment Plan (1961-66), supported by foreign loans and gTants equivalent to
$24 million in 1964, and probably a similar amount for
1965.
A list of the various new industries set up in Mali is given below:i
. '
.. .
. i/cN .J.4/f3TC/Ft!!N/12
P~e 23 ..
·ar A sugar ··~a.ne' prooessin·g :plar;t was esta.bllshed ln April 1964
with technical and financial aid from the People1s Republic
b)
. .
· of China. It has a capacity of
15
tons of carie sugar per daj .t A ref'inery to produc'e so~e ·fr, 000 ·1-t'ons
o:r 'refined sugar ayear
is~under oonstruotiori' in Markaia.Two -.. J"', ... "t, cotton • ' ginn~ries ~ .,. . . furnished ... and ' .. financed by ' • France are under
construction is Segou and Sikano; a third one is planned for
·ii1 nti~la.~
1 · 1•
,-c) A ceramic factory to produce household wares is being financed
by N-Jrth Korea.
J . - - : ""
d). The Federal Republic of GE:ma.n;y i_s ~royidi~ te~hnical assistance for automobile and truck repair.and overhauling_plants.
.e) .Under an agreement signed by the Government :of Mali and Berliet ( a French fi:rm), a mixed company has :be.en -e.Sita 'blished to produce truck chassis and accessories in
Banialc.o .
t ·f) A. mixed French-Malian company, Soci.ete de: G-0nst·ruction Radio-Electriqua. du. Mali, has been estabJished for th·e :purpose of produoing • .l'.adio receivers. The capital of the· company ie MF 40 mill~on ( $162, oq9) __ .of which 60 per cent is subscribed by Mali.
The teohnioalJcnow-how w~ll be prpvided by the French partner,
.Compagnie de Te.legraphie sans Fil •
. g)
h)
In M8.I'.,ch 1965 an agreement wa.s signed between the Government of l!lal'.i:· ·and Soc.iete Pranoe. Cables et Rarlios, to ·establish a mixed company Soc.iete d-a.s ,Telecommuni~ti'61,s Internationales du Mali, with a capital of NF 100 million.
35
per cent of the oa~ital is1- ... - .. ; .. ,.. • t
provided by -the( ·Fr8?9P. f ~ . ,1
Tb.e state-owned 1,Ial i ~ slaughter-house company, ''Societe Nationa.le des Abattoirs, and the French group, Moth.es, ha"tl"e formed a mixed enterprise for the export of meat and meat produces produced by the new slaughter-house.
E / CN . 14/sTC/FTN/12
Page 24
i) Under an agreement signed on 17 March 1965, the.Go~ernment of the People1s Republic of China has undertaken to build at Segou a textile factory with a capaoity if 20,000 spindles. The estimated cost of }IF 2 billion will be financed by a loan equivalent to ~2.8 million from China. ·The loan is to be repaid withit 20 years including a grace period of 10 years. The Mali G6vernment1s contribution is limited to providing living quarters for the estimated 250 ~mployees.
j) Under an a.gxeement signed between Mali and an industrialist in }fonaco, a factory to manu:facture plastic articles is being set up.
k) A mixed French-ll~alian com:pany, Maligaz, was formed in Bamako in January
1965 ,
to prodµce oxyg~n and acetylene. A total investment of M~Jl-5
million ($152,000), including oapital of MF 20 million is being provided by the French partner, Air Liquide. The ~aliJ ' •
1)
Government is granting tax and customs privileges for 15 years;
later it will be nationalized.
In March 1964, a fruit processing plant was established at Ba.guineda, financed partly by aid from Yugoslavia.
initia.11~ proce~s mango~s and tomatoes.
L
The plant is set to
m) A cigarette manufacturing concern is,under construction in Bamako with aid from the People's Republic of China and will employ about }00 worlcers. +ts annual output will be 24 million packets of cigarettes, using 600 tons of tobacco lea£; 32 tons of cigarette paper; 580 tons of wood for manufacture of boxes; 105 tons of packir1t paper; and ]21,320 Kwh of
1
electricity.
(Africa·South of the Sa.hara, Paris, Financial News Survey, w~shington, Marches Tropioauz, Paris,
29/5/65;
22/3/65; International
7/5/65
and18/6/65 ;
Mali
E/CN.14/STC/FTN/12
Page 25
A ·1aw has bee·n decreed by the national Assambl;y-,' setting out the ,new regulations-·"oon·cerning merchants, This law st·a.tes that commerce may
~be carried out •by individuals, co-operatives, state enterpri'eies and
private companies. One requirement is that the merchant must·be a.t least 30 years of a.ga.
Before engaging
in
commerce, a company must reae±ve authorizationI
from the Minist:ry ·of Commerce. Traders are requested··to ·deposit MF 10 million ( $40,000) with a bank, and trading cdmpa.ni·ea MF 25 million. Of
this- amount
- 1/4·
will be blocked as a guarantee for ·proper conduct of 001D.lliercia.l ''business . .. All puroba.aes· by companies are -to be channelled through banks.· · ,The law ·is effective imn:iediat·ely for new tra,ders. "Those who are already engaged in trading wili be allowed a transition period of three months •
. - - .. !' ---·.: ., 'l: - ' ... - . ~· . 1. -:
(International Financial News -Survey, W~shington,
16/4/65)
Mali - UN Special Fund ·.
The UN Special Fund has undertaken to provide ·finance fo~ seve~al projects in Mali, which a.re stipulated in the Five-Year Development Plan.
One o'f' the;;e pro-je.cts is the creation of a Polytechnic Institute, which 1rill provide a· thr'$e...:.year course· for instructors a.nd ·a 'five-year course for engineers;; ·
.
!.The Special Fund is to grant $1.503 million which will be used for payment of specialized experts (rµ.ral eapnoroy, zooteohnic, agronomy, water and forest), scholarships; laboratory equipment, library and a.grioultural equipment and stock-farming.
The other g:rant provides $579,000 to organize a ·training centre for local instructors, to develop the centre and to carry out programmes to local needs.
(Industries et Travaux d'Outre-mer, Paris, February 1965)