According to the chief of staff of the Minister of Finance and Budget, Henri Loundou, the actors in the expenditure chain will now have this tool for the commitment of their expenditure, thus marking a big step towards the devolution, not only of the function. authorization, but also the general State accounts in order to...
For the two projects, the banking institution has released an envelope of CFAF 29 billion. A total of 15 billion are intended for the Chadian health authorities in order to better fight against the coronavirus pandemic. But also to better respond to possible diseases that may arise, declared the president of the BDEAC, Fortunato-Ofa MBO...
Supported by Denise Mekam'ne, Minister of State for Relations with Constitutional Institutions and Independent Administrative Authorities, the project to create the National Authority for Verification and Audit "stems from a political will to endow the government a body that supports state institutions and oversees the proper management of public assets and financial resources ”.
Cameroon has based its action on Article 31 of the EPA Statutes which states that the country is free to suspend EPA operations if they are faced with exogenous shocks. But inside sources at the EU say Cameroon is looking for a way to turn down the EPA as CEMAC countries are suspicious of the...
The Group's consolidated sales amounted to 142 million dollars in the first half of 2020, down 38% compared to the same period in 2019. The Group's production in M&P share in the first half of 2020, was high at 26,917 boe / d, up 6% compared to the first half of 2019 (25,326 boe /...
Regarding the improvement of external aid in this time of health crisis linked to the coronavirus pandemic (Covid-19), the ministers in charge of the Economy wished from the two institutions more boldness in building the capacities and financial resources of countries in order to contain the crisis and face its economic repercussions.
In the report, countries are rated on a scale of 1, corresponding to the lowest score, to 6, on 16 indicators grouped into four categories: economic management, structural policies, social inclusion and equity policies, management and public sector institution.
In the same vein, Cameroon’s Minister of Economy, Planning and Regional Development - Alamine Ousmane Mey - said “We need to strengthen the relationships between national information and statistics institutions and the ECA” because “without data and without information, we cannot evaluate and monitor public policy. We are talking about compiling data, which means integrating...
Currently, the area concerned houses a one-stop-shop customs clearance agency, the dilapidated buildings of the former Cosmos hotel. A delegation from the Huawei company met last week with the occupants of the site, to inform them of its intention to start work. The two camps are continuing discussions, for example, on the relocation of customs...
This is a big step, given that "eTransfer makes it possible to ensure the traceability and availability of real-time monitoring information for banks, public treasuries as well as other economic agents initiating cases. This application also provides access to various reporting states," Tolli said.
The Council of Economy and Finance Ministers of the CEMAC sub regions , that met by videoconference on August 10, has approved new measures to prevent the occurrence of risks and strengthen the resilience of countries in the sub-region.
Asked by the press on the amount of this domestic debt, the president of Copéco indicated that the amount of the audited debt 2014-2016 is estimated at seventy-five billion CFA francs but, the debt itself audited is 147 billion of CFA francs. Nevertheless, the collective hopes that the government will make the results of the...
As was already the case on August 5, 2020, the Cameroonian Treasury has entered the money market on August 12 with Gabon, also trying to raise 12 billion FCFA, through a 26-week BTA issue. This makes a global envelope of 42 billion FCFA for the two countries, which have been the main promoters of the...
According to the tanker, at the time of the shutdown, the well was producing roughly BOPD gross or 225 BOPD NRI at Vaalco before ceasing production. "It may not be possible to remedy this well failure until the next drilling campaign when a rig is in place."
"The aforementioned authorization is granted to the company BANGE Bank Cameroon SA to practice in the banking sector, in strict compliance with the laws and regulations in force", specifies the ministerial decree. After this step, the establishment will have to obtain the approval of the monetary authorities, namely the Central African Banking Commission (COBAC) and...
According to him, the new NUI has the advantage of being secure compared to the first in that it carries a fingerprint, Iris and QR Code. This means that it will no longer be possible for a taxpayer or a user to obtain several unique identification numbers. "In fact, by targeting the current economic operations...
To date, MINPOSTEL indicated, “20,000 km of optical fiber have been laid across the country, with urban loops in the 58 departments. There are also four submarine cables installed to facilitate Internet access and all related services. Achievements made thanks to a partnership with the Chinese firm Huawei Technologies.
According to the BEAC, the variation in the prices of basic products between January and March 2020 was marked by a cumulative decline in energy products (-10.3%) and non-energy products, mainly fishery products (-8 %) and to a lesser extent forest products (- 1.5%). On the other hand, the prices of agricultural products exported by...
