The document states that the hydropower sector is expected to dominate the market in Gabon. In 2018, the country produced 1,103.5 GWh of electricity from hydropower plants. However, the country is still dependent on the outside since in 2018, in particular, it imported 403 GWh of electricity from lines of foreign networks to meet its...
Mashamba is also a flour mill that collects the harvested corn, then grinds it and packaging it in 25 kg flour sacks. Mashamba flour is consumed in the Katanga area and in Kasai. The objective: to reduce the DRC's dependence on Zambia, in terms of corn flour and semolina.
The level of execution of the site is estimated at 45%. Théodore Nsangou reassures that the construction of the 90 kilovolt high voltage transmission line that will leave Lom-Pangar for the Bertoua transformer station is progressing.
This project will be implemented in the locality of Tchabal, in the Adamawa region. The Cotton Development Company (SODECOTON) will build a new oil mill in the town of Ngaoundéré, in the Adamawa region. According to a press release made public on March 15, 2021 by the Minister of the Environment, Nature Protection and Sustainable...
Indeed, for several years, the African continent has been regularly affected by cyclones, floods and other droughts. "The countries in difficulty are also the states most vulnerable to climate change, we seek to prevent climate spending from affecting their socio-economic development," said the head of the climate and green growth division, Al-Hamadou Dorsouma.
Abbas Mahamat Tolli praised the dynamics of the Congolese financial market, because in a few months of activity the public treasury was able to mobilize around 812 billion CFA francs. It is with this in mind that the country has just launched on the Cémac community market a bond loan by public offering in the...
According to the explanations of the Minister of Finance, Louis Paul Motaze, Cameroon seized the opportunity of the moratorium decided by the members of the G20 relative to the repayment of the public debt of the most fragile countries and the most exposed to the negative consequences of the Covid -19. At the same time,...
Through this deployment, the Gabonese reinsurer is banking on its regional proximity to strengthen its presence in Central Africa. The objective, according to its managing director, is to perpetuate the business portfolio and consolidate market share.
It was at the end of the ordinary session of the Ministerial Committee of the Central African Monetary Union (Umac), held on October 2, 2019, at the headquarters of the Central Bank (Yaoundé), that the renewal of the banknotes been revealed. “Indeed, the committee took note of the launch of the design work for a...
According to the newspaper Le Jour, which reported this information in its edition of March 16, 2021, Mr. Nyodog joined the Board of Directors of Gulfin just a few months after the shareholders' decision "to dismiss the former CEO of this company and his deputy, due to mismanagement, ” the newspaper says.
Sama Lukonde, affirms the Governor of the BCC, "must bet everything on the necessary reforms which should significantly increase the mobilization of public revenues in order to cope with the increasingly increasing expenditure". At this stage, the context lends itself to it because the monetary authority has ended budgetary financing by monetary advances or billboards...
This postponement comes two months after the MINFI postponed by 15 days, the deadlines for payment of taxes for the 1st quarter of 2021. “Legally fixed for the 15th of each month for these taxpayers, these dates have been postponed respectively to January 31, 28 February and March 31, 2021 ”, indicated Louis Paul Motaze...
"On the basis of the last National Development Plan (2018-2022), the funding that will benefit the Congolese State will enable it, in line with an economic situation that promises to be better, to mobilize its forces to improve governance and strengthen capital human resources and diversify the country's economy, ” the Minister of Finance and...
During this ordinary SONAMIG board of directors, its president Mahamat Hamid Koua, noted the importance of this meeting. Today, it was an opportunity for Chad to validate the study that was carried out by a cabinet to trace us on how we can make the most of the resources that Chad has at its disposal,...
“To reopen economies, policymakers need to adopt a gradual and gradual approach that carefully assesses the trade-offs between too rapid a resumption of economic activity and maintaining the health of populations. They also need to build public confidence and buy-in and tackle structural bottlenecks that make the continent more vulnerable to future shocks, ”AfDB recommends.
All the efforts supported by the Bretton Woods partners and the African Development Bank (AfDB) in terms of budget support did not make it possible to avoid a contraction in foreign exchange reserves, amounting to US $ 708 million at at the end of 2020 against 818 million at the end of 2019. The numerous...
From the opening of the proceedings, the current president of APPO "called on the African oil-producing countries to a common and united effort to find solutions to the multiple challenges facing the hydrocarbons sector, notably evoking the transition energy and the lack of funding for fossil fuel projects, ”reports the Algerie Presse Service (APS) agency.
Wanting to know more about the business climate in Cameroon before investing, "Luc Magloire Mbarga Atangana initially told investors that Cameroon belongs to the Central African Economic and Monetary Community, while specifying that 'he was its natural leader. With a population of nearly 25 million and a GDP of $ 39 billion. He also returned...
