“For us, the main thing is first to preserve the jobs of SMEs. Then they must come so that we can find together the conditions for relaunching their activities, ”said Abakal Mahamat, Managing Director of BGFI Bank Cameroon after signing a memorandum of understanding with the Minister of Finance (MINFI). September 1, 2020.
The report also points out that this rate exceeds the convergence threshold of 70% of GDP in force in the Cemac zone, the Economic Community of Central African States (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad). The monetary institution still indicates that the country’s debt will be trending down. It is projected...
The actions still to be carried out for the finalization of the second phase of the merger of the financial markets of the Economic and Monetary Community of Central Africa (Cémac), essentially relate to two axes, namely: the deepening of the market for Treasury securities and the operationalization of the structures of the unified financial...
This meeting also made it possible to review economic issues but also and above all to find compromises for the financing of numerous initiatives jointly led by the two partners.
“Wearing masks is seen today as the most effective preventative measure to slow the spread of the virus and protect others. MTN, as a responsible corporate citizen wants to contribute in the sensitization of the population on the importance of wearing a mask.” declared Stephen BLEWETT, Chief Executive Officer of MTN Cameroon. “It’s an opportunity...
"For example, although it is not an exporter of fuels and other lubricants, customs statistics indicate that Togo supplied Cameroon with 500,000 tonnes of these products in 2019," Nigeria, fourth, delivered goods for 6.3% to Cameroon, and Belgium appears in the top five with 5.7%.
The minister is on tour in Ogooué-Lolo and Ogooué Ivindo, as part of a mission to control and monitor forestry and wildlife activities. In addition to the inauguration of the plant, he spoke with economic operators in the sector, in particular on the challenges they face in this period of Covid-19.
Thus, the inventory of the "unified regional financial market as of July 31, 2020 shows that four companies are listed, for a market capitalization of CFAF 149.5 billion. These are SEMC, SAFACAM, SOCAPALM and SIAT Gabon. We will also learn from Aboubakar Salao, manager of the Securities Settlement and Custody Unit also responsible for the...
Beneficiary of this funding, the general manager of the BPC, Calixte Tabangoli, has indicated that through this loan the Postal Bank of Congo hopes to carry out projects and programs in the short and medium term, with the hope of regaining the support of the BDEAC in the future for even larger loans.
E-bulletin has several advantages, in that it is available online at any time and in any place where one is, provided that one is connected to the internet from his registration number and password . With E-bulletin, no more hassle at the pay office to have your bulletin extract. This application also saves time for...
The CEO of the Walili group, Amine Nokta, presented the 30-year-old group, which was involved in real estate from the start. "We have several other subsidiaries, be it food, health or sport. We have opted for diversification, it has been over seven years. It is with this experience, it is with our executives, that we...
It should be noted that the second phase of the CEMAC financial market merger project initiated in July 2019 concerns: the reform of the regulatory framework relating to market activities in the said zone, the viability of new market structures (regulator, stock exchange and single central depository) so that they can better support its development,...
"The objective of this seminar is to take stock of all the concerns of the tourism sector and to see with the different entities what are the appropriate solutions to put in place to support the implementation of the existing one, with a view to reviving the economy in this sector, ”explained Pascal Houangni Ambouroue,...
We can cite, among others, the improvement of the quality of public expenditure in the States, the widening of the tax base, the increase in the level of foreign exchange reserves, the merger of the two financial markets of the region, the implementation of the free movement of people and goods, the application of economic...
A Turkish national, Rasit Pertev was previously Secretary of the International Fund for Agricultural Development (IFAD). He first joined the Bank in 2003 and has worked as a Senior Agricultural Economist based in Turkey and Uganda and more recently as Resident Representative for the Comoros. He has over 25 years of development experience, starting with...
Due to the difficulties recorded in the execution process and further accentuated by the Coronavirus pandemic, several regions have been affected by this pandemic. In the Central region, for example, the execution rate plummeted from 19.62% to 7.7%.
After signing this convention, the Minister of the Economy, Development Planning and International Cooperation, Dr Issa Doubragne reminded the audience that this tool will allow information on foreign aid to be mastered; an update of all existing modules by both partners and final beneficiaries; direct access to the tool to project managers and partner focal...
"The present draft Investment Code, submitted for our examination and validation, has the main ambition to restore the confidence of national and foreign investors and to guarantee the conditions to make our business environment more attractive", declared Carmen. Ndaot. According to her, this document will "contribute to improving the business climate and the policy of...
