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...
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...
