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...
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 /...
