On May 4, 2020, the Board of Directors of the International Monetary Fund (IMF) granted a new loan of CFAF 135 billion to Cameroon. Money that will be entirely devoted to the fight against COVID-19, said the Minister of Finance, in an interview with state radio, CRTV, on May 6, 2020. “We have a crisis...
The issue of temporary suspension of debt service for the poorest countries, including the Central African Republic through the G20, was at the heart of discussions this Wednesday, May 6, between the Minister of Finance and Budget Henri-Marie Dondra and the resident representative from the International Monetary Fund (IMF) Victor Davies, as well as the...
DigiitaLink, a start-up evolving in the field of web and mobile application development offers an innovative solution in the fight against Covid-19. Its application “Alafia wincovid-19 is a decision support tool for the detection of risk cases thanks to the artificial intelligence integrated by the designers. Alafia was selected among the 3 best African projects...
BW Energy gave an update on May 4 of its activities on Dussafu Marin, located off the coast of Gabon. If the oil company currently produces 17,500 barrels per day of crude oil on this permit, it nevertheless expects an average production of 15,000 to 16,500 barrels per day in 2020. In this period of...
Though expecting 50 billion FCFA, the State of Cameroon is satisfied with 34 billion FCFA, obtained on the money market on April 29, 2020. It was during its third operation of issuance of Assimilable Treasury Bonds (OTA) that it engaged for some months, to obtain 220 billion FCFA in order to be able to finance...
This is one of the resolutions of the Cabinet meeting chaired on April 30, 2020 by the Prime Minister of Cameroon in Yaoundé. On April 30, 2020, Prime Minister Joseph Dion Ngute chaired a Cabinet meeting in the auditorium of his service in Yaoundé. All the Ministers of state, Ministers and Deputy Ministers answered the...
Restrictive measures taken by the government to fight the spread of Covid-19 have a strong impact on the oil sector. The operators are asking the government to make it easier, in particular on the movement of staff on the sites. The restrictions adopted by the government and imposed by the spread of the coronavirus are...
To improve the business climate and its ranking in the next Doing Business report, Gabon recently announced the promulgation of a law on the simplification of the creation of Limited Liability Companies (Sarl) in the Gabonese Republic. This constitutes an incentive for the creation of commercial enterprises capable of generating wealth, jobs and a more...
During a press conference on Sunday morning, the Association of Young Economic operators presented a plan to support businesses after the covid-19 crisis. The joint covid-19 crisis intervention and management plan takes into account several potential risks to which companies are exposed. More than 60,000 businesses have been closed since the onset of the disease,...
In the Open Budget Survey 2019 established by the International Budget Partnership, Chad scores 0 out of 100 compared to public participation in the budget process. Transparency alone is not enough to improve governance in Chad. With inclusive public participation, the results may be better than they are today. The Open Budget Survey assessed, in...
The Minister of Finance and Budget of the Central African Republic has praised efforts made in digitizing the civil service despite the low penetration of internet in the country. Henrie-Marie Donda believes that with the digital economy, the CAR can better raise revenue needed for development projects. On the origins of Patapaye, a Government oriented...
It was at the end of the CCA Bank’s board of directors held on April 28 that the news came. André Alexis Megudjou is the new managing director of the banking establishment; he replaces Charlotte Chekep Kouecheu, who has reached the end of his term, in this position. Before this appointment, the man held the...
“Délices” is a startup specialized in the transformation of dates. It is the initiative of a group of young women whose ambition is to enhance and promote local dates all over the world. The idea is to publicize the Chadian palm groves and promote the dates produced in the Chadian oasis system through products processed...
Gabon, like other countries on the continent, calls for the cancellation of the debt of African countries without distinction of category. The announcement was officially made by Prime Minister Julien Nkoghe Bekale . Gabon is in favor of the total elimination of the debt of the countries of the continent without distinction of category, as...
In Meyo Kye and Eboro, two localities bordering Cameroon, a food product transfer dock and a standing cattle processing area will be built. The construction work, which is expected to last one month, is the initiative of the Ministry of Agriculture as part of a project to guarantee food and health security in the country....
Strengthening of health systems, response to factors of vulnerability, strengthening of resource mobilization, promotion of the private sector are, among others, the points on which the African Consultative Group calls for rapid and effective intervention Bretton Woods institutions The International Monetary Fund (IMF) and the World Bank now know what African countries would need from...
The Minister of Public Health, Professor Mahamoud Youssouf Khayal, made a press conference this Sunday to give more details on the government’s efforts in the fight against the Covid-19 pandemic. The budget for the disease contingency plan has been revised upwards, thanks to the support of partners. Since the outbreak of the Covid-19 epidemic, the...
Malfunctions observed in the operation of this system raise fears of a fall in customs revenue due to the unsuitability of the new system based on Korean technology UNIPASS. Will Cameroonian authorities have the courage or the necessary foresight to question the new customs system which has been operational since April 6, 2020 at the...
