According to this survey, which covers the period May / June 2020, this situation will lead to a decrease in the turnover of companies over the year, of the order of 81.7%. "In absolute value, the loss of annual turnover could reach 3 139 billion FCFA compared to 2019 for companies in the modern sector...
Faced with these fluctuations, the Congolese government decided in April to revise its budget forecasts by half, by putting in place mechanisms to restore budgetary balances. According to the Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya, these measures go in the direction of ensuring the sustainability of public revenues.
During this first part of 2020, "20.80 million barrels of crude oil passed through the Chad-Cameroon pipeline. During the same period last year, 19.86 million barrels were transported, " the statement from the CPSP read.
According to its President, the CNPT in no way supports the monopoly of companies, or even the pooling of interests to establish a dominant position. It is in this logic that the institution supports the spirit that led to the issuance of the decree suspending the importation of cigarettes, the objective of which is to...
Indeed, the implementation of this operation is linked to the agreements concluded with the International Monetary Fund (IMF). "To benefit from this operation, the central bank asks the States, in particular the Public Treasuries, to revise and respect their schedules of issuance of public securities, in consultation with the specialists in securities of the Treasury...
He joined Finnish power plant manufacturer Wärtsilä, which was setting up a subsidiary in central Africa, as area business controller. He realised, though, that to sit at the top table it was ‘essential’ to gain membership of a professional accountancy body. He chose ACCA. Soon after completing the qualification, he was promoted to regional business...
Since the end of 2019, "Cameroon has put in place a new mechanism for sustainable supply of the market in order to minimize costs and possible shortfalls that would continue to expose the cash flow of the State. It consists of selecting, by international call for tenders, four traders for a given period who are...
According to the member of the government, the consequences are alarming with 1000 direct jobs threatened; 150,000 lost customers; the three-quarter drop in operator turnover compared to 2019; several companies threatened with bankruptcy; and, the weakening of the livelihoods of workers and suppliers.
Thus, for ten days, agents and executives of the tax administration will discuss issues relating to the draft of the new general tax code and the book of procedures. Two firms were selected to carry out this work, namely GKM Audit and Ernst & Young. It will be a question of making available to taxpayers...
“Emphasis was placed on the issue of administrative revenue, but also on expenditure in the provinces. Regarding the collection of revenue by the ministries and entities in the provinces, they were asked to double their efforts and mobilize so that we can achieve our objectives ”, the Minister of Finance and Budget, Trahir Hamid Nguilin...
Due to underperformance in exports and imports, inflation is estimated at 2.8% this year, down from 1.8% a year earlier. The money supply in circulation will fall by 14.1% due to the sharp drop in its external counterpart, namely its net foreign assets. The currency coverage rate will decline by around 26%, but will still...
It is a system which allows "not only the taxpayer to fully control his taxpayer expenses without going to the competent administrations for follow-ups, but it also provides you with secure, automatic and authenticated statements of all tax and non-tax transactions. . This represents a considerable time saving while providing you with a module of...
According to forecasts from the African Development Bank, the health crisis linked to Covid-19 should lead to a slowdown in the process of diversification and industrialization, given the decline in public revenues and the containment measures linked to the effects of this pandemic. However, the economists of the Bad assure that "the strategy of diversification...
To give a boost to the integration process, CEMAC also intends to rely on telecommunications. “It would be wise for CEMAC member states not to miss the deadline of January 1, 2021 for the operationalization of the elimination of additional costs on mobile roaming. This is to boost the efforts for an economic recovery in...
In the same document, we learn that the Head of State has just ordered the release of 15 billion FCFA for the benefit of CAMAIR-CO. Money that will be used to send for maintenance one of the Boeing 737-700 NG; the acquisition of two Dash Bombardier Q400 aircraft, better suited to short-haul routes; and the...
The platform will also connect buyers with suppliers of essential goods, thereby promoting and encouraging intra-COMESA regional trade, she said. It will also help small border traders and small and medium-sized enterprises to access market information and to link producers, sellers and buyers, she added.
He adds that the RTC has fueled the Cameroonian economy with imported goods and allowed the export of containerized goods. He indicates that 60 ships have been docked on the RTC docks for 6 months. According to him, the Covid-19 has not had an impact on the activities.
According to Alain-Claude Bilie-By-Nze, the areas of competence will be better defined, human resources better identified and financial resources better secured. “The Commission will also have the mission of representing the community before States and institutions. And this Commission will have the great role of embodying all the expectations, both of the authorities of the...
