According to Hermman Rodney Gouellet, the controls and services department, for example, has many challenges to overcome, the first being to have competent staff so that this department can support the actions of the CEO. "As part of the ongoing reforms, this service will be crucial because it will set the pace internally. He will...
As part of conservative measures, the National Institute of Statistics proposes to the government, in order not to reach the Community inflation threshold: "to continue to ensure that the market supply chain is kept active; to implement appropriate tax policies; to facilitate trade flows; to regulate the prices of products; to identify bottlenecks (transport, markets...
The training of arbitrators and mediators launched by Prosper Bizitou, general administrator of Cemaco, made it possible to strengthen the capacities of the participants on the tools and techniques in the conduct of a mediation in accordance with the uniform act of Ohada relating to the right to mediation adopted on November 23, 2017. Practical...
"After the recent crisis, it is estimated that our Gross Domestic Product would fall by about 6% in 2020, compared to an initial forecast of a 1.6% drop. In a more pessimistic scenario, we would be talking about a fall in GDP of between 8.0 and 9.0 per cent, which although a significant deterioration would...
Of the six member states, only Cameroon is a net oil importer. However, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon are more dependent on oil than Cameroon, which accounted for around 68% of CEMAC's nominal GDP in 2019. In fact, the timid recovery of the CEMAC economies that began in 2017 after the previous oil price...
According to the Minister of the Economy, Alamine Ousmane Mey, “Cameroon has chosen strategic planning based on results-based management to conduct its public policies. At the heart of this process is the three-year programming of medium-term expenditure frameworks which allow administrations, on the basis of a rational process, to identify projects in line with public...
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...
