“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...
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...
