Equally important, the Minister received a letter from the industry regarding ongoing concerns over forex regulations imposed by the Bank of Central African States (BEAC). On this occasion, he insisted that mitigating the economic and business impact of the Covid-19 pandemic remained a priority in order to ensure sector recovery and investments across the value-chain....
According to the Minister Delegate in charge of the Budget, Ludovic Ngatsé, the global strategy for piloting the 2020-2029 public finance reforms reflects the government's will. "This dynamic of reforms, as you know, reflects the will of the President of the Republic, Head of State, His Excellency Denis Sassou N'Guesso, who never ceases to require...
This Council, which is held the day after the Inter-State Committee organized in Yaoundé on August 4, 2020, will allow the Ministers of Economy and Finance of CEMAC member States to validate the resolutions adopted by this technical body, in particular on the subject recovery measures after the coronavirus, Community funding, free movement in the...
The second phase of the Central Africa Backbone (Cab-Congo) project, of approximately 347km of fiber, was officially launched on August 8 in Ntam, a border town, by the Congolese Minister of Posts, Telecommunications and the Digital Economy, Léon Juste Ibombo, in the presence of the Secretary General of the Cameroonian Ministry of Telecommunications, Mohamadou Saoudi.
At the end of the discussions, the consensual memorandum adopted by the African governors of the IMF and the World Bank highlighted an improvement in external aid and the effectiveness of aid during the Covid-19 pandemic, an increase in the provision of services in the social fields; consolidation of macro-fiscal policies and governance, by offering...
Economic operator, promoter of projects in the cassava processing sector, Christophe Eken thus begins his 4th consecutive mandate at the head of CCIMA after elections were held last month.
"This strategy is reinforced by the decrees setting the terms of management of the fund for access and universal service of electronic communications and aims to offer the public throughout the national territory the service of electronic communications at an affordable cost", he indicated.
Ahmat Mahamat Bachir conveyed to entrepreneurs that the livestock sector is open and promising for those who want to invest in it. "I am even ready to give you the possibility of building a slaughterhouse in your name and you will manage it yourself", launches the minister.
From twelve projects initially for an investment estimated at 2820 billion FCFA, the Steering Committee (Copil) of Pref-Cemac has revised its ambitions downwards, thus reducing the number of these projects to eleven last July. In fact, two projects were twinned: the Brazzaville-Ouesso-Bangui-Ndjamena corridor project to link the Congo, the Central African Republic and Chad as...
Chevron is indeed a true gas player in the African market. In Nigeria, it has been leading natural gas commercialization efforts for decades through its Escravos projects targeting the monetization of 18Tcf of gas. These have resulted in the Escravos Gas-to-Liquids facility and the Escravos Gas Plant, both cornerstones of Nigeria’s gas development strategy. In...
“The outcome of the discussions with the IMF is favorable to the disbursement of the second tranche of financing and perhaps the lifting of the others. hanging files. In fact, the ADB has conditioned the granting of its support to the resumption of these negotiations with the IMF, as has the World Bank, which has...
"Before this Council, it was a question of making the tour of the owner, that we understand the stakes given that the school takes a sub-regional vocation. There are both academic packages and training times that will be looked at, scrutinized so that from now on the training programs provided are those that reflect cooperation,...
“During this quarter, the Public Treasuries of Gabon, Chad and Cameroon were the most active on the market, with issues representing respectively 33.43%, 19.89% and 19.42% of the total. resources raised on this market ”, underlines the quarterly bulletin of the public securities market of Cemac published on July 29, 2020.
For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African governments to implement programs on crisis and prevention in an effective and efficient manner, so that they can fully recover from the pandemic ”.
This draft emergency plan contains three categories of measures: the first is structurally linked to the economic and financial reforms underway. The second category concerns the production impetus that the leaders want to give to the sub-region, through the creation of production chains ranging from the raw material to the last product. It will also...
Although one can not yet determine the duration of this health crisis, GDP in the CEMAC zone is expected to contract by around 4 to 6%. Such a development would be accompanied by a significant deterioration in the living conditions of our populations, thus worsening precariousness and poverty. This gloom, which goes hand in hand...
Both facilities will be repaid from an allocation of 30,000 barrels per day of NPDC’s crude oil. UBA has a strong track record in the resources sector across Africa, having facilitated oil prepayment deals with the NNPC, including its 2013 $100 million participation in the PXF Funding Limited transaction, and a further $60 million in...
The most recent result of the process of cleaning up the state file is "the abolition of the technical premium paid twice to certain health workers. An irregularity which led to unduly paying this bonus of 2400 FCFA for 18 years to 4490 public health officials. The related financial impact is of the order of...
