his step marks the end of its installation process initiated in June 20219. On July 30, 2020, Bange Bank Cameroon obtained the assent of the Central African Banking Commission (Cobac) to operate in Cameroon. In the same vein, the Minister of Commerce issued to the bank on August 5, 2020, the commercial approval which “facilitates...
According to Channel NewsAsia (CNA), a news channel based in Singapore, despite the difficulties linked to the negative effects of Covid-19, the CPC Corporation was able to extract black gold from the landlocked Sahel nation last February. Also according to the channel, this is a first for the company, as it has been carrying out...
"This increase is mainly explained by the improvement in the average selling price," Total Gabon explained. In fact, the average selling price of the quality of crude oil marketed by Total Gabon amounted to $ 41.3 per barrel in the third quarter, up sharply from the second quarter. This improvement was not felt on investments...
According to MINEPAT experts, this new public policy reference framework pursues four main objectives, namely: Establish conditions favorable to economic growth and the accumulation of national wealth and ensure that the structural changes necessary for the industrialization of the country; Improve the living conditions of the populations and their access to basic social services by...
Congo is stepping up activities to popularize quality standards in industrial production. The government’s commitment is to ensure consumer protection and meet the demands of the increasingly competitive market.
Following discussions with bank officials, incubators and certain youth platforms, members of the government asked each bank to carry out an inventory of the files received. “A lot of banks have received many files. Some are compliant, meet the criteria, others need to be improved, ” Finance and Budget Minister Tahir Hamid Nguilin says.
“As part of the construction of the electrical energy evacuation infrastructure of the Cap-Lopez thermal power plant, two lines (90 kV) from this installation should be built. A 7.6 km first line between Cap-Lopez and the power station of the Gabon Energy and Water Company (SEEG) has already been built and put into operation since...
At the moment, they are only at the prospecting stage. The Huffine International consortium, we learn, is one of the heavyweights of American investor groups with around 100 companies in six continents. He would eye Cameroon as the 94th country where he intends to invest.
"The Court of Auditors receives at the end of each year, company accounts and these accounts are generally certified by the members of the order. If there are anomalies, and irregularities in the accounting, this body can now officially refer to us. The court now has an interlocutor whereas before, it did not know who...
Placed under the high patronage of Denis Sassou N'Guesso, President of the Republic of Congo and President in charge of Cémac's Economic and Financial Reform Program, the event will bring together a high-level delegation of finance ministers from member countries of space, with some heads of international organizations such as the World Bank, the African...
This project aims to strengthen the health system, especially in the prevention, detection and management of cases, in accordance with Gabon's Covid-19 preparedness and response plan. It will also finance the training of health personnel and the establishment of two new diagnostic centers for Covid-19.
“We are proposing a mechanism which is more universal, which deals with all issues of the business environment and the competitiveness of enterprises. Then, we bring differences or novelties at the level of the operating mode. We believe that everything that is preparation, the event itself, the monitoring and evaluation must change ", Francis Sanzouango,...
The forecast notably points to a tight LNG balance between 2023 and 2025, and along with it, a price spike. Following this period, there is a downside risk in prices for 2026 and 2027 driven by the potential of seeing a new wave of sanctioning activity during 2021 and 2022. Such future projects are expected...
In fact, this 21-page document reveals that in the context of taking into account the debt of companies and public institutions in the field of public debt, the Minister of Finance, Louis Paul Motaze, also president of the National Committee for Public Debt, seized the managers of 110 public companies by correspondence on July 21,...
Asked about the continuation of the macroeconomic reform program concluded with the Congo in July 2019, the representative of the Bretton Woods institution said that discussions on this subject will resume after emergency aid. “The health crisis has complicated the implementation of the macroeconomic reform program. At the moment, the priorities are geared towards emergency...
“We have continued to focus on operational excellence and execution, which allows us to maintain a healthy cash flow, and cost discipline remains a key priority for the company as we seek to maximize our profitability ”, enthuses the CEO of Vaalco Energy. “We completed a very successful drilling program earlier this year, which demonstrated...
Before the Minister of Labour and Social Security, Cameroonian employers "pleaded for a fruitful and effective dialogue between the government and the private sector", we can read. In response, Grégoire Owona argued that “there is dialogue between the two sectors. It is just a question, according to him, to move forward and do everything to...
"The documentation to be provided is as follows: a valid ID and a copy of a recent bulletin or receipt, a half-photo in color or black and white," Bicig said. The banking of state agents promises to be a race against time because "the payment of salaries will henceforth be made by the only mode...
