According to the report of the Extraordinary Council of Ministers, the amending finance law is intended to be realistic and aims to provide adapted but strong responses to the socio-economic, health and security situation that the country is going through.
“The authorities wanted to turn postal checks into a bank, which is not conducive to the growth of the current post office. It was this separation between the financial service of the post office and the letter post that got the better of Sopéco. The Postal Bank is managed by the Ministry of Finance and...
The Chamber commends the development of gas, as LNG stands to be a game-changer in the local, regional and international energy markets. It also puts Equatorial Guinea in line with other members of the Gas Exporting Countries Forum, of which Equatorial Guinea is a member when it comes to monetizing gas.
According to the general manager of ACONOQ, Jean Jacques Ngoko Mouyabi, the health benchmark is part of the fight against the spread of the coronavirus in connection with the barrier measures enacted by the government. "We have a standard, it is a guide that allows us to see that the manager has effectively put in...
Businesses would, therefore, have to exchange their dollar-denominated income for francs, which would incur exchange costs and expose them to currency fluctuations. In addition, since the financing of oil companies is generally in dollars, the new rules could put them in a situation of violating loan agreements.
The first results of the work are satisfactory ten days after the start of the work in committees, estimated the Director General of taxes and estates, Ludovic Itoua. “The tax officials have done a good job which is almost at an end. They are currently in plenary to present the results of their work carried...
According to the Minister, the objectives of this contract are: to define the terms of the partnership between the parties, with a view to the design and implementation of entrepreneurial promotion activities. There is also a question of formalizing a framework for trade facilitation.
Perenco will pay between $ 290 million and $ 350 million (over CFA 162 and 195 billion), depending on future Brent prices. However, nothing has been decided yet as the agreement is subject to the approval of the Gabonese government. The sale covers four fields in the Grondin region: Grondin, Gonelle, Barbier and Mandaros. The...
President Bongo called on leaders of the sub region to be gladdened by the consensual spirit that prevailed in the choice of members of the Commission. He added that “the members of the Commission which replaces the General Secretariat, were appointed, which is a sign that the historic reforms adopted in December 2019 are little...
According to Adolphe Moudiki, during the 40 years of its existence, the structure which he directs today has also contributed to numerous projects: “SNH has successfully led innovative projects of international scope, in particular for the establishment of the Chad / Cameroon pipeline, or even, for the commissioning of the world's first floating natural gas...
Opening the proceedings, the chief of staff of the Minister of Planning, Statistics and Regional Integration, Ferdinand Sosthène Likouala, recalled that the PND 2018-2022 is built around three strategic axes. Regarding the third axis, it aims to accelerate the diversification of the economy through agriculture, tourism and industry, in order to reduce Congo's dependence on...
"Our economy can only be resilient if we diversify the sources of our income," said the Minister of the Economy. "And we have identified biofuel production projects in Gabon, a new source of income that will make our economy more resilient, by making it less dependent on oil," said Jean-Marie Ogandaga on Gabon 1re. In...
For Issa DOUBRAGNE, Minister of Economy, Development Planning and International Cooperation, these donations, which are added to the panoply of donations made by the ADB group, testify to the excellence of the cooperation between Chad and the Pan-African institution.
his kind of exchange should, in fact, allow the Congolese side to strengthen its legislative system; to promote coherent legislation, policies and strategies on cybercrime; strengthen the capacity of law enforcement authorities to investigate cybercrime and engage in effective police cooperation with each other and with cybercrime units; as well as to enable magistrates to...
“The situation of Total Gabon is strongly marked by the Covid-19 pandemic. The work we have today at Total Gabon, there are two main priorities. The first is to protect the health of employees and all of the company's contractors. The second priority is to maintain production at all sites, "Nicolas Terraz explained after his...
Faced with the economic crisis with increasingly limited public resources, the ESEC calls on the political authorities to rectify the situation. "This shock should allow us to enter a new era of profound transformations in our economy. The fact remains that with increasingly reduced budgets, political decision-makers will face trade-offs to prioritize, while preserving the...
In a disaggregated manner, the minibuses which provide urban transport recorded a monthly loss estimated at 25.4 million FCFA. As for urban transport provided by taxis, the monthly losses are of the order of 4.3 million FCFA. At this level, it should be mentioned that taxis are not at stops but are obliged to reduce...
“Taking note of the management constraints faced by the RTC and drawing lessons from these first six months of operation of the terminal in accordance with government guidelines, the board of directors decided to reorganize the RTC and extend its duration by 3 years renewable as of January 1, 2021, ” Shey Jones Yembe said,...
