“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...
According to the African Energy Chamber (the voice of the energy sector in Africa), these measures are insufficient, unrealistic and unlikely to boost sustainable development. “We need businesses that can be competitive and create well-paying jobs. For that, we do not need restrictive regulations like the new regulations on currencies which must come into force...
Applications will be received online until November 16, 2020. According to our colleague, candidates will compete in the areas of: "access to sustainable markets, green economy / covid-19 response, 'access to financial services, professionalization of services and the management system and finally logistics solutions and empowerment of production systems.” The competition will take place in...
In Central Africa, this is more than 60% on average, rising up to 90% in countries like Gabon. It Such policies with adverse effects to the oil and gas industry are therefore incomprehensible, especially in light of recent efforts to build local content and empower local entrepreneurs.
“About thirty Namibian business leaders have traveled to Congo over the past few years to develop their businesses and take advantage of existing opportunities. They have signed cooperation agreements in the sectors of agriculture, the timber industry and the hotel industry with Congolese companies. There are Congolese and Namibians who export mines and other goods,...
Work is also progressing on the sub-surface development plan, including location, number and type of wells required to produce wet gas from IM reservoirs.
I am sure that with the substantive work that we have done and the analysis of the files, we will succeed, ”said Daniel Ona Ondo, adding that out of the twelve integrating files selected, two of them have already found tenants, in particular the electrification project between Cameroon and Chad.
