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...
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...
