Submitted to the National Assembly on November 13, 2024, the bill on local taxation proposes to eliminate certain municipal taxes and introduce major reforms to optimize the resources of decentralized local authorities (CTD). These measures aim to simplify the legal framework, strengthen the financial autonomy of CTDs and improve financing mechanisms. With only three local...
The Minister of Economy and Investments, Mays Mouissi, explained, on November 18, 2024 in Libreville, the ins and outs of the early repurchase operation of the Eurobond 2025. This strategic approach aimed to lighten the burden of external debt while strengthening Gabon’s financial resilience. What you need to understand. During a press briefing on November...
Cameroon’s second largest employer after the state, the Cameroon Development Corporation (CDC), which specializes in the production, processing and marketing of export crops such as bananas, palm oil and rubber, is going through an alarming financial crisis. In five years, the company has accumulated a colossal debt of 81.7 billion CFA francs. This is divided...
Patrick Benon, the dynamic CEO of Orange Cameroon, has made significant strides in the telecommunications industry, earning him the prestigious title of “CXO of the Year” at the Africa Tech Festival. This award celebrates leaders who have demonstrated exceptional contributions to their organizations through visionary leadership, innovative strategies, and exemplary execution in a rapidly changing...
Cameroon is on its way to becoming a central player in wheat production within the Economic and Monetary Community of Central Africa (CEMAC). This approach is part of a large-scale project led by the Ministry of Scientific Research and Innovation (MINRESI). Eddy Ngankeu, Technical Advisor No. 2 of MINRESI, reaffirmed this ambition in a recent...
October 31, 2024 will remain a milestone for the Cameroonian financial sector. On that day, Prudential Beneficial Insurance and Africa Golden Bank sealed a strategic bancassurance partnership during a ceremony held at the insurer’s headquarters in Douala. The event brought together influential figures in the sector, reinforcing the importance of this collaboration. Africa Golden Bank...
Norwegian investment fund Norfund is showing growing interest in Cameroon to finance projects focused on the green economy. In its desire to strengthen its presence in Central Africa, Norfund is particularly targeting agro-industry and renewable energies, with the aim of promoting job creation and combating climate change. Norfund, the Norwegian investment fund, recently announced its...
Cameroon’s Ministry of Public Contracts is stepping up its fight against the abandonment of construction sites by service providers. A 21-day ultimatum has been given to 216 companies to resume abandoned work or justify their cessation, under penalty of suspension. The Ministry Delegate to the Presidency in charge of Public Procurement (Minmap), headed by Ibrahim...
Awarded each year during the Africa Tech Festival, the “CXO of the Year” is a prestigious award that celebrates a leader who has demonstrated in the field of ICT, “exceptional leadership in the management of organizations, strategic planning and the management of rapid change”. The current CEO of Orange Cameroon, Patrick BENON, has 17 consecutive years of...
The inspiring journey of Elon Musk, from his roots in South Africa to becoming the world’s wealthiest individual, reveals a remarkable tale of innovation and perseverance. Elon Musk, born in Pretoria, South Africa, in 1971, has become one of the most influential and visionary entrepreneurs of our time. His journey from a young dreamer to...
Fifty stakeholders from the private and public sectors are taking part in a training workshop on November 12 and 13 in Brazzaville, focusing on opportunities for exporting products to the United States of America, through the African Growth and Opportunity Act (AGOA). The objective is to equip Congolese small and medium-sized enterprises (SMEs) with the...
Starting November 15, Cameroonian citizens will be able to purchase their tax stamps via a digital platform. An innovative reform that promises to secure tax revenues, simplify administrative procedures and combat fraud. The Minister of Finance, Louis Paul Motaze, formalized, on November 1 , the implementation of the dematerialization of tax stamps in Cameroon. This measure, which...
Denzel Washington is set to star in the eagerly awaited sequel to the classic film “Gladiator,” directed by Ridley Scott. The upcoming movie, “Gladiator II,” promises to captivate audiences with its epic storyline and star-studded cast. Denzel Washington, a true icon of cinema, is gearing up for his latest project, “Gladiator II,” an eagerly anticipated...
After the 2024 U.S. presidential election, Kamala Harris delivered a poignant concession speech at Howard University. She emphasized the importance of democracy, expressed gratitude to her supporters, and encouraged mobilization for a better future. On March 22, 2024, Kamala Harris took the stage at Howard University, her alma mater, to deliver a concession speech after...
The Minister of Special Economic Zones (SEZs) and Economic Diversification, Jean-Marc Thystère-Tchicaya, met with the Deputy General Manager of “Complant”, He Haishan, in the presence of members of the company Tinda Energy Congo SA, on November 4 in Brazzaville. This meeting allowed the Minister of SEZs to get an idea of the contribution of the...
Taking over from Cameroon, Congo will assume the rotating presidency of the African Petroleum Producers Organization (APPO) in 2025. The Congolese presidency is especially expected on the thorny issue of the African Energy Bank (AEB) and the choice of its operating model. Congolese Minister of Hydrocarbons, Bruno Jean Richard Itoua, was appointed APPO President for...
With a decisive victory in Wisconsin, Donald Trump has secured the 270 electoral votes needed to win the U.S. presidential election on Wednesday, November 6. The former president, set to resume office in January, celebrates an unprecedented political victory marked by key wins in several swing states. Donald Trump has made his way back to the White House. By winning Wisconsin, the Republican candidate reached the threshold of 270 electoral votes, ensuring his victory in the U.S. presidential election on Wednesday, November 6. Upon the announcement of the results, Mr. Trump declared an “unprecedented political victory in our country,” even before...
The Ministry of Public Works of Cameroon is increasing the number of meetings to identify solutions to reduce the costs of road construction and maintenance. The most recent, on November 4 in Yaoundé, allowed stakeholders in the construction chain to reflect together on the optimization of techniques and the use of local resources. In Yaoundé,...
