In addition to the seismic data, well data is now available for 167 wells within the MegaSurvey area, in order to support the evaluation of the blocks on offer. “Value-added composite logs used in conjunction with the regional seismic dataset will help the assessment of productivity and play evaluation,” PGS declared this week.
Among the major innovations of this finance law, as described in the ordinance of the President of the Republic, there is the creation of a special allocation account called "Special National Solidarity Fund for the fight against coronavirus and its economic and social repercussions ”. Financed at FCFA 180 billion, the expenses of the said...
"By April 2020, banana exports had increased by more than 2,721 tonnes. According to data from the Cameroon Banana Association, they were 16,102 tonnes compared to 13,381 a year earlier. At that time, it was PHP that had contributed to this performance by exporting 14,965 tonnes against 12,427 in April 2019.
This drop in revenue is due to the drop in tax revenue (-587.353) driven by "Value-added taxes and turnover" (-298,017), "Taxes on specific products and excise duties "(-69,022)," Import duties and taxes "(-68.411 billion)," Personal income taxes "(-40,794)," Petroleum company taxes "(- 39.947). Besides, the other recipes are not doing any better. Thus, the “Revenues...
François NANKOBOGO also explains that PROLAC "is part of the World Bank's regional integration strategy" and reconfirms the latter's commitment "to maintain support for priority areas in Lake Chad, in accordance with the commitments of IDA19 and the World Bank Group's FCV (Countries fragile to violence and conflict) strategy adopted in February 2020 ”.
Another project is the completion of the power evacuation lines from Nyabizan to Nkolkoumou, nearly 300 km. The work already done up to about 20 km from Yaoundé is dragging on because of compensation. A problem that will have to be resolved quickly, as well as the completion of the Ahala and Nkolkoumou transformer stations....
“GDP growth is expected to fall sharply to -1.2%, about 5 points lower than the pre-pandemic projection. The pandemic has resulted in a substantial deterioration of the global economic environment, reflecting a combination of global supply and demand shocks. In addition to the significant fallout expected from the external shock on Cameroon, the country is...
"Ultimately I am very satisfied, and I would like to thank the Bolloré Group here because when it was a question of finding a partner, a structure to support us, in order to test the system, they agreed to the test, it is thanks to them that we were able to validate operations, ”the DG...
The lucky ones were selected after examining the files by the Tax Counter, said the Minister of Economy. "Beneficiaries of tax breaks are asked to approach the tax centres on which they depend," Jean-Marie Ogandaga said. As part of the accompanying measures linked to the Covid-19 crisis, Gabon set up, in May, a Tax Counter...
Support for health structures will be provided for the management of cases, particularly severe cases. Support for the resilience of health systems and populations in Chad, the DRC and the Central African Republic is also included in the program, as well as the renovation and equipment of laboratories and health centres.
"If I take the case of oil, we have made our 2020 finance law on an assumption of a barrel at 54.4 dollars. There we are at less than 30 dollars. You understand that the consequence is immediate, "Minister of Finance Louis Paul Motaze said during the third Extra-ordinary session of the steering committee of...
Gabon will commission a new analytical laboratory as part of the fight against Covid-19. Named by President Ali Bongo Ondimba, after Professor Daniel Gahouma, a “symbol of medical excellence” in the country, this ultramodern laboratory located in the premises of the Palais des Sports in Libreville has the capacity to carry out 10,000 Covid tests....
The founder of the UBA Group advocates a kind of Marshall Plan which will ease the debt burden and give priority to young people through the increased support for the SMEs they create. The president of United Bank for Africa (UBA) PLC, Tony Elumelu, said that the Coronavirus pandemic which is currently ravaging the world,...
The New Interafrican Insurance Company of Gabon (NSIA Gabon) has just detected an insurance scam, through a fraudulent document promising commitments on promises of compensation in the event of loss of employment, illness, death; etc. Discarding all responsibility, the company filed a lawsuit against X. Fraud spares no sector of activity and the New Inter-African...
This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of Central Africa (CEMAC), deposited with the French Treasury, generated 13 billion FCFA of interest in 2019. This performance was made possible thanks to “a significant...
The operating company of Transgabonais (SETRAG) has just reinforced its equipment. The company acquired 30 new tanks with a capacity of 24,000 cubic meters each. Produced in South Africa, they will be used to transport petroleum products within the country. Victim of a derailment that damaged 5 tanks in the Andeme-Pont canton, 65 kilometers from...
The Ministry of Economy and Finance reports on the effectiveness of payment of arrears for the second quarter of 2015 of the Performance Incentive Bonus (PIP) of health personnel. More than 3 billion CFA francs have been released. This operation, which was carried out on Friday, May 22, 2020, concerns all of the beneficiaries, that...
BW Energy has just announced an increase in production on the Turtle field to 11,485 bpd in the first quarter of 2020, against 10,735 bpd in the 4th quarter of 2019. At the same time, the American operator realized a Profit before interest, taxes, depreciation and amortization (Baiida) of $ 14.8 million, compared to $...
