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...
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,...
