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."
"Growth could resume at 3.1% in 2021 assuming that the pandemic subsides in the second half, that national virus epidemics follow a similar trajectory and that the growth of the main trading partners rebounds", adds the flagship report World Bank Group.
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...
