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...
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 ”.
