According to the Minister of Finance of Cameroon, the CEMAC states are working to mitigate the effects of the coronavirus on monetary parity. “The risk that hung over our heads about the devaluation has been somewhat removed,” Cameroon’s Minister of Finance said in an interview with the national daily Cameroon Tribune this week. Louis Paul...
It is the epitome of a press release signed by members of the Cameroon Alcohol Producers Association CAPA which also has Sofavinc and Fermencam as members. In a press release signed jointly by the members of the Cameroon Alcohol Producers Association (Capa), they reassure their customers that their products are on the market, despite the...
“CAMTEL is now ISO 9001/2015 certified in its wholesale segment,” has been the message for the past few days by the telephone operator on its various web platforms. ISO 9001 certification is an international standard that defines the requirements of a quality management system. Recognized throughout the world, it represents a real pledge for companies...
Since its creation and the effective launch of its activities, until the end of the second distribution phase completed this weekend, the Food Bank has benefited from the support of several companies, associations and individuals who have enabled it to harvest 694,247 tonnes of products essential items to distribute to vulnerable and distressed populations. The...
One of Cameroon’s biggest Insurers in on the frontlines against the coronavirus . Prudential Beneficial has announced a series of measures to tackle the global pandemic. According to the Group CEO Eddie Ford Brown, the move is proof of the company’s concern for humanity, at a time when mutual efforts are needed to face the...
The Regulatory Authority for Electronic Communications and postal services ARCEP has set May 20 as the final deadline for the migration period to the new 9-digit numbering plan that came into effect on November 15, 2019, across the country. Recently announced to end in May 2020, without too many details on the effective date, the...
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...
