Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (COSUMAF), the CEO of HPS International Consulting SA has engaged in consultations to select experts and analysts from the financial world. internationally renowned financiers who will sit on the rating committee of Ewatch Africa Investment Analytica SA
Drinking water production stabilized at 29.6 million m3 in the first quarter of 2020. "This development can be explained by the saturation of production capacities, especially in Libreville". Sales excluding sales increased by 3.2% to 16.5 million m3, driven by household demand (+ 5.8% of the number of subscribers). Turnover increased 2.9% in the wake...
Despite the dreaded disaster, the country's authorities have worked tirelessly to absorb the shock anyway. It is true that the measures taken have far-reaching effects on the labor market and on the living conditions of households, but the results are worth the effort.
Concretely, the aim was to prepare the companies to subcontract to the National Hydrocarbon Company (SNH) and other structures working in the oil and gas sector. The BSTP and its partner ANOR want to help equip those who are there or who aspire to be there to better understand the sector and its requirements, to...
The settlement of the external debt (88% of payments) was made to the tune of 570.1 billion CFA francs in the 1st quarter of 2020 against 116.9 billion CFA francs in the same period in 2019. The payments mainly related to the debt of the international financial markets (75.6% of the shares) amounting to 490...
Ngueto Tiraïna Yambaye is, in fact, a high-level economist specializing in International Finance and Financing Strategy. He has over 25 years of international and national experience. Former Minister of Economy, Planning and Development, he was also an administrator of the IMF (International Monetary Fund) for Africa. Pundits believe he therefore,has all the qualities and expertise...
Bank analysts warn that Gabon, like much of the globe and the rest of the continent, could fall into recession in 2020, and estimate a negative real GDP growth rate of -1.7% for the country, due to the pandemic.
Failure in realizing the plan led to the dismissal in 2018 of 270 CNIC employees for economic reasons. It must be said that the company has experienced permanent discomfort for ten years, marked by poor working conditions, salary arrears and unpaid benefits. A situation which has led to several demonstrations by disgruntled past and present...
The note also points out that “conversely, crude oil exports fell 20.2% to 2.35 million metric tonnes, due to weak demand, linked to the glut of 'international offer'. Explanation: “the average crude prices were 50.26 dollars per barrel for Brent and 49.16 dollars per barrel for the basket of Gabonese crude, representing respective decreases of...
Under the terms of the new decree, PCAs benefit from a salary, the terms of which are fixed by the Board of Directors of each entity. PCAs carrying out another remunerated public activity will only be entitled to an occasional flat-rate allowance. The terms and amount of this allowance are set by the Board of...
“This new Regulation gives an opportunity to the Republic of Equatorial Guinea to continue being a world reference in the hydrocarbons sector. To maintain our position, we must be prepared, with updated norms and policies, to respond to the great challenge that the recovery of commodity prices, the creation of employment and the execution of...
Indeed, according to the modifications recently carried out in article 15 of the law n ° 047/2018 of January 30, 2019 determining the resources and the loads of the State for the year 2019, the new article 15 henceforth exempts from this contribution "Gabonese benefiting from the support of social meters".
The project is part of the objectives pursued by the countries of Central Africa to make their sub-region, "an emerging integrated space, where security, solidarity and good governance prevail for human development", the CEMAC Commission explained.
The decision has not gone down well with trade union leaders. The air transport unions has urged Camair-co employees to reject this technical leave. This decision was taken on June 21, 2020, by the presidents of six unions during an inter-union meeting in Douala.
“The complexity and opacity of the production and monetization chain within the creative industries in Africa makes the sector more informal and discourages investors and insurers from contributing to its viability and bankability,” he noted, while arguing that if artistic creators in Africa in general and Central Africa in particular were properly insured, they would...
“The project of developing a unique industrialization and economic diversification strategy for Central Africa is therefore godsend to enable us work together around the common value chains that will provide countries of our sub-region with the opportunity to produce, transform, distribute, and consume manufactured goods which resonate with their own needs and tastes,” according to...
On the African continent, the difference allegedly recorded in Gabon’s production in May would be tiny compared to that of other countries such as Nigeria and Angola. These two countries, the first from West Africa and the second from Central Africa, are now presented as "laggards" for not having communicated to the organization their different...
The construction of the structure, on Sino-Cameroonian funds, has been completed since June 2017 but the expected energy (211 MW) of the production plant is not yet available at the Nkolkoumou substation in Yaoundé, to be injected into the South interconnected network (RIS). "Currently, around 60 MW are available and EDC intends to quickly increase...
