Since April 2020, the public treasury has been requesting the BEAC securities market, as part of a vast fundraising program for a total amount of CFAF 220 billion. The Cameroonian Parliament had in fact, within the framework of the Cameroon Finance Law for the financial year 2020, authorized the government, “to use issues of public...
"I am pleased to have obtained the funding necessary to continue the growth of Cofina Gabon," Cofina Gabon Chief executive revealed.. "It will allow us to continue to meet the needs of Gabonese SMEs at a very difficult time because of the pandemic of the new coronavirus," Yvan N’na Mboma said.
Sasol's interests in petroleum include a 27.75% stake in the Etame Marin license off the coast of Gabon, operated by Vaalco Energy, and a 10% stake in a gas to liquid conversion project of 33,000 barrels a day in Nigeria.
Sadick Brahim Dicko reassured that transparency was used in the process of granting these credits by his entity. "No young person will be discriminated against for their political, ethnic, religious or regional affiliation," he said.
The latter resolved to envisage the future with the Covid-19 and see what arrangements are necessary and how to pool efforts in sharing experiences to develop the African oil industry. The APPO ministers also agreed on "the importance of developing south-south cooperation in the field of the oil industry and taking stock of the technologies...
These payments to the State are distributed as follows: $ 60.3 million to the General Directorate of Hydrocarbons, or $ 46.1 million in kind based on production; $ 12.9 million in royalties and $ 1.3 million in fees. In addition, $ 25.9 million to Gabon Oil Compagny for $ 22.6 million in kind based on...
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...
