During the first quarter of 2020, oil revenues collected in Chad amounted to FCFA 102.1 billion in the 1st quarter of 2020 compared to FCFA 76.5 billion in the 1st quarter of 2019, an increase of 33.4%. As for local consumption of petroleum products, diesel remains the product that has experienced a drop in consumption.
This will be allocated to it on the basis of the Annual Assessment of Policies and Institutions (CPIA / EPI). The increase will bring Chad’s envelope from $ 431 million to $ 780. This envelope can be increased thanks to the sub-regional windows through the envelopes intended for refugees and local communities as well as...
Cimaf Gabon's approach is not trivial. The arrival of Dangote Cément, led by the Dangote Industries group, suggests a shock in this market segment whose annual demand is 600,000 tonnes. The group has announced the construction of a cement plant in the country worth 45 billion CFA francs. This new production unit will have a...
The objective of this challenge is to give entrepreneurs in Africa and the Middle East, and in particular those in Cameroon, the means to get started and develop, "announces the Cameroonian branch of the French operator. Applications will be accepted until July 19, 2020 online. The winners of the competition will be known in September...
The Communication Unit of MINFI explains that the creation of certain specialized payrolls with certain ministerial departments is part of "the dynamics of decongesting the expenditure circuit in general and the general payroll of the Treasury in particular. The ultimate goal is to reach the ratio of a payer for each ministerial department. Sources familiar...
“In response to requests from several of its customers, Gabon Télécom has made changes to its price list, concerning Internet packages. This revision aims to give better readability, as well as comfort, to the subscription and to the use. Its new rates have been studied to meet the needs of our customers who want more...
During the virtual session, the Managing Director, UBA Foundation, Bola Atta, spoke to the students on various issues, ranging from financial literacy and the importance of imbibing good reading culture to nation building. She also explained why UBA Foundation centres on three key pillars of Education, Empowerment and Environment, adding that the bank through its...
"It will then be necessary to move on to contractualization and the actual support for prototyping … at the end of this stage, a national workshop will be organized to present the results of the support of experts … This ceremony aims to officially present to the government , to all the actors of the...
Launched in 2018, the Prodece is an initiative of the government-funded by the World Bank as part of a program to improve the effectiveness of vocational training, skills development and employability of young people aged 16 to 34 years old.
Furious, OPEC should punish the bad guys. Having joined this organization in 2016, Gabon, in particular, will be forced to lower its production for several months in 2020, in order to compensate for its surplus production in May and June.
"The amending finance bill for the year 2020 is part of a particular context marked by the spread of the Covid-19 worldwide with consequences for the national economy," the government says. The rectification of the initial budget takes into account several hypotheses. This is to maintain oil production at 10.4 million metric tonnes; a drop...
During this solemnity, Tradex Managing Director, Simon Paley, took the opportunity to present the company's ambitions for this neighbouring country and friend of Cameroon. "This is a first step, an act that bodes well for an enchanted tomorrow. We have the ambition to develop in Equatorial Guinea, a network of service stations that will cover...
Regarding the publication of the evaluation report of the socio-economic effects of the coronavirus in Cameroon, published by the National Institute of Statistics (INS) and the United Nations System, "they noted, to welcome this, that The results highlighted in this report confirm the evaluations delivered by the survey carried out by GICAM in April 2020...
Also during his speech to shareholders, he also indicated that between 2015 and 2019 Afreximbank disbursed 30 billion US dollars or 17,495 billion FCFA to support African trade. Of which more than US $ 15 billion is spent on financing and promoting intra-African trade: "We will aim to double the financing of intra-African trade so...
"If we take into account the production of CimGabon, estimated at 150,000 tonnes per year, and Africa Cement which is around 200,000 tonnes, we can easily say that Gabon should consider exporting cement."
The Minister of Economy and Development Planning says he is very satisfied and very happy to welcome the German ambassador, a first of its kind. Dr Issa Doubragne goes on to say that "Germany is a precious and very important country" for Chad. This meeting made it possible to assess the strengths and weaknesses in...
“… Faced with the cessation of our operating activities, and after having objectively assessed the relevance of all the possibilities offered by the legislation in this area, it appeared necessary for the general management to draw up a plan of technical layoff of part of the staff for a period of three (03) months renewable...
"It will also be capable of mobilizing financial players and banking institutions to finance the prototyping stages, as well as ensuring the viability and sustainability of the Fund."
