About fifty participants took part in this session, including project coordinators, procurement officers, financial management and disbursement officers, monitoring and evaluation officers of project implementation units as well as senior officials of Cameroon's Ministry of the Economy, Planning and Regional Development and government agencies involved in the implementation of portfolio operations.
With a term of one year renewable by tacit agreement, the agreement aims to ensure the monitoring of electronic transactions carried out in the Republic of Congo by transfer, direct debit or remote payment. It defines, in fact, the conditions for hosting and managing the Digital Hub equipment installed within credit institutions.
Seven winners were thus selected by a panel of experts and were able to benefit from a total budget of 38 million CFA francs. This amount, without interest and without guarantee, is made available to entrepreneurs through the partnership with the Initiative France platform to help business creators. The funding must be repaid within five...
Jules Doret Ndongo told the Cameroon Radio Television CRTV the move will also create jobs and empowers actors in the sector by diversifying its scope. "The joint decision is in line with the need to harmonize sectorial policies and to make the forestry sector a pillar of economic development. The sector is lagging behind and...
Cameroon became the fourth West African LNG exporter in May 2018. It exported 0.7 Bcm of gas equivalent in the first five months of 2020, up from 0.6 Bcm in the same period last year, official reports show.
For his part, the chief of staff of the minister responsible for the budget, Sylvain Lekaka, reminded the new director of Cogelo of the missions incumbent on him. “You’re going to take charge of a house with a lot of problems. The State as a shareholder will accompany you as far as possible only if...
A jack-up is a type of movable platform that consists of a floating hull with a number of movable legs, capable of raising its hull above the sea surface. "The conversion concept should reduce development capital investments, the time it takes to put the first oil into production and allow a substantial reduction in climate...
To break it down, “when a company X based in Cameroon or under Cameroonian law buys advertising space from Google, once the invoice has been paid, Google is required to withdraw 19.25% of the amount paid by the company. company to donate them to the State. This is also valid for the Cameroonian citizen Y...
Welcoming Congo's initiative to re-enter the financial rating process with a pan-African agency, the CEO of Bloomfield said that "the rating made in local currency will determine the true credit quality of Congo while that made in foreign currency by international agencies, determines the Congo's capacity to meet financial obligations in foreign currency. This is...
With its new facilities worth CFAF 9 billion, the group aims to produce around one million tonnes per year. This, in a market whose local demand is 600,000 tons. Welcoming this investment, the Minister of Trade, Industry and Small and Medium Enterprises, Hugues Mbadinga Madiya, said that this plant will help stabilize cement prices in...
“As the technical sheet indicates, 151 foundations have been completed out of the 667 planned and 66 pylons have already been erected out of 667. Concerning the Abong-Mbang substation, the civil engineering works are estimated at 65% in terms of foundations for transformers and 35% for the firewall. Regarding the acquisition of equipment, the head...
For the resident representative of the UNDP in Congo, Maley Diop, it is “to operationalize the agreement that we signed with the Ministry of Small and Medium Enterprises, last July, for the granting of micro-grants to actors. informal sector, ”he said, at the same time encouraging users to use these inputs wisely.
"We are in the infrastructure phase since there are a number of tenders that are prepared by the project management unit, to build 772 km of agricultural tracks in the country," Biendi. Maganga Moussavou said.. Deployed in seven provinces, the first phase of Graine involved 843 agricultural cooperatives.
“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living conditions. When the state's accounts are in the red, the IMF finances its overdraft to bring the level down to zero in the hope that...
For Henri-Claude Oyima, this financing should "make it possible to settle part of Congo's internal debt". "It is not about funding that is given directly to the state, but funding to support businesses and help revive the country's economy," he said. Note that apart from BGFI, this group of banks also includes Ecobank, LCB (La...
Responding to questions regarding currently valid homologation products authorized by certain CEMAC countries, Jean Blaise Moudoudou indicated that the products must continue to circulate in the countries until the expiry date of their authorization. Other questions included the difference between a chemical pesticide and a biological pesticide as well as the waste disposal of obsolete...
During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not initially request than 100 billion francs. The amount sought by the Gabonese government has been increased with the authorization of the financial market regulator, after...
“This dynamism is also to be put to the credit of GFAC which, through its actions of mobilization and awareness, dissemination of business culture among women, support for women entrepreneurs contributes to the implementation government options, under the leadership of Prime Minister Chief Dr Dion Ngute, in execution of the Head of State's high instructions,...
