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.
"This favourable development reflects the rebound recorded from the third quarter of the year, demonstrating the resilience of the economies of the sub-region in the face of the COVID-19 pandemic", BEAC indicates.
Since last June, Gabon has singularly shown its interest in returning to this institution. A decision that is part of a global desire to have better management of public funds and to step up the fight against corruption, embezzlement and illicit enrichment, particularly in the extractive industries sector.
The demand for sugar, a staple food, is estimated in Chad at around 130,000 tonnes per year. This demand is partly supplied by the Chad Sugar Company (CST), a subsidiary of the SOMDIAA group, which produces nearly 40,000 tonnes per year, a volume insufficient to supply the entire Chadian market. The rest must be imported.
“Henceforth, therefore, the use of this wood is obligatory in the realization of all the works and supplies forming the object of public order… It is a question for the economic operators engaged in the construction of buildings or/and the public order in connection with products derived from wood to prove the legal origin of...
With these $ 15 million, the project is expected to benefit around 365,000 people in the provinces of Mandoul and Moyen-Chari, through the rehabilitation of around 400 km of roads and tracks.
The MMH has drafted and concluded a new onshore drilling plan as well as preliminary studies to identify targets in its continental basins. Negotiations with Cameroon for the joint development of the Yoyo-Yolanda cross-border gas field have also been reactivated.
Initiated by the Central African States Development Bank (BDEAC), the public call for savings called "BDEAC 5.45% NET 2020-2027" was presented on December 22 in Libreville. This bond loan aims to raise a minimum amount of CFAF 100 billion from households, private or public companies and institutional investors. According to the institution, the subscription period...
According to the Director-General of Budget at MINFI, some of these measures have been taken into account in the state finance bill for the 2021 fiscal year. Cyril EDOU ALO'O who also revealed that the 2021 budget is a “budget for stabilization and sustained economic recovery”. In this perspective, Cameroon projects a growth rate of...
As Equatorial Guinea renews with stronger investment inflows, it will also see new drilling activity. Three wells are notably expected to be drilled by Trident Energy on Block G: ALON A, ALON B and ALON C, with the campaign expected to start in Q2 2021. In addition, workover operations are also planned on the 5P...
A bit sceptical, Edgar Anicet Mboumbou Miyakou wanted to meet with experts in the field and the various officials of the structures under supervision before giving the government discharge. The Minister of Communication and the Digital Economy has indeed launched, Thursday, December 17, reflections on this project which is already proving to be more important...
If at the level of certain states such as Cameroon, the regulation of competition is already regulated, this is not the case at the community level. Hence the urgency to regulate. "We had a certain number of companies which evolve in our space and which must evolve taking into account the strict application of the...
The National Agency for Town Planning, Topographic Works and Cadastre (ANUUTC) held a Board of Directors on December 18 in Libreville. The sale chaired by Léon Paul Mvouba Okori set the agency’s estimated budget for 2021 at 4.99 billion CFA francs.
In detail, the first agreement falls within the framework of technical cooperation. Worth 32 million euros, the latter is devoted to financing local development, civil status, and regional planning. The same funding is also intended for the modernization of public finances.
The health crisis resulting from Covid-19 has had a strong impact on the air transport sector in Gabon. According to the National Civil Aviation Agency (Anac), based on figures from Libreville Airport (ADL), air traffic in Gabon dropped significantly during the first nine months of the year. It suffered a decrease of 55.7% over the...
Constituting the staple food of the Congolese population, cassava is cultivated by nearly 98% of farmers. Due to the lack of development of the value chain, the product barely covers around a third of the country's food needs.
This money, he told senators, will be used to reduce food imports and develop an agri-food industry at the national level. This will specifically finance the program for the establishment of agricultural areas across the country and the activities of fishing centers, the effective launch of which would soon be in several localities.
