He is replaced by Jean Christophe Ela Nguema, Colonel of the Air Force. At the same time, Jean Claude Mauger Ayem, replaces as Chairman of the Board of Directors, Jean Ernest Ngalle Bibehe Massena, the current Minister of Transport. And Alexandre Fochive is appointed to the post of Deputy Managing Director, replacing Max Constant Mve.
Indeed, this convergence plan is a frame of reference and coordination of interventions in the conservation and sustainable management of forest ecosystems in Central Africa. After the 2005-2014 plan, a second edition (2015-2025) was developed covering six priority areas, namely the harmonization of forest and environmental policies; sustainable management and development of forest resources; conservation...
After a downward trend over the period 2016-2019, Gabon's debt ratio experienced a resurgence in 2020. According to the latest "Note of analysis on Gabon's debt", Ali Bongo's country recorded a strong increase in the debt ratio to almost 70% of GDP at the end of 2020, compared to 59% a year earlier. According to...
The mobilization of subscribers was remarkable, with more than 82.4% participation for banks, 7.7% for insurance companies, 5.6% for individuals, pension funds just over 1 , 9% of the total participation, 1.4% for companies, and finally, the participation of microfinance institutions is estimated at less than 0.9%.
Regarding the main customers, South-East Asia is the first destination of Congo's forest products, with a rate of 77% of exports, followed by the European Union (19%), North America (2%), North Africa and the Middle East (1%) and the rest of Africa (0.4%).
"This underperformance results from the negative effects of government measures to combat the spread of the coronavirus pandemic which impacted construction activity during the second quarter," the document said.
According to the Ministry of the Economy, after a downward trend over the period 2016-2019, the debt ratio is again on the rise. This "debt strategy aimed at economic recovery through public investment with a concern for controlling medium-term debt ratios". However, says this department, "it is important to remember that multilateral surveillance sets the...
The Tony Elumelu Foundation’s $100million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered to date, over 9,000 young African entrepreneurs from 54 African countries.
With regard to actual recruitments, 1,700 posts are planned at the level of primary, secondary and literacy education; 410 technical and vocational education, skills training and employment; 80 to social affairs and humanitarian action. At the Ministry of Health, Population, Promotion of Women and the Integration of Women in Development, 715 places are available, including...
The United Kingdom is committed to supporting developing countries by encouraging growth through trade. The preferential terms for their key exports, such as bananas, will support jobs and economic development in Cameroon, and make sure British consumers get the products they want.
This reassured them and led to a general consensus on December 30. Employers and workers signed the final version of the reform to validate the content before the text is submitted to Parliament. This last step, says the Ministry of Labor, marks the end of the consultation process required by convention number 144 of the...
Under the support and economic recovery, it is proposed to provide a tax incentive for companies operating in the fields of agriculture, livestock, renewable energies; VAT exemption on fertilizers, pesticides and seeds; exemption from the rental value tax for agro-pastoral enterprises operating in rural areas; the 25% reduction on the MFI basis for agro-pastoral enterprises...
According to one of the project designers, Éric Armel N’Doumba, the Telecom adviser, Congo-Pay will allow the aggregation of all the other means of payment that already exist at the national level. "It is not replacing them but to provide more in terms of interoperability between Airtel money, Mobile money and merchant accounts", he explained,...
For two days, the members of the technical commission relied on precise economic parameters to consider the implementation of said projects. “This is a game of interests but based on technical data. The heads of state have asked us to go and work on all the technical aspects so that the announcements made in Paris...
Inaugurated by the Secretary-General of the Ministry of Justice, François Mangari, this structure which promotes alternative dispute resolution methods in business circles, intends to deploy its expertise in commercial and investment arbitration, conciliation and mediation across the country.
As regards the exports of manufactured products, “the drop was mainly supported by the drop in exports of processed wood (sawn wood -11.7%, wood pasture sheets -23.5%). Also, exports of certain processed products and singularly sold in the sub-region such as beer, cement, paper boxes and cardboard, and aluminium sheets also fell sharply (-16.4%, -...
A banker-financial expert by training and by profession, Alphonse Nafack is one of the best-known faces of the Cameroonian financial landscape. Its name is practically the trademark of Afriland First Bank. He has more than 25 years of career there and has climbed all the steps. From Commitments Controllers in 1993, he has been CEO...
To compensate in particular for the deficit of cars and traction units, the Minister in charge of Transport, Ingrid Olga Ghislaine Ebouka-Babackas, announced on December 8 the upcoming arrival of eight new locomotives for the CFCO, from Belgium. . These new machines will bring a breath of fresh air to the railway company.
