A new platform has just been launched for the management of natural resources in the Espace Tridom Interzone Congo (ETIC). This platform will involve local communities and indigenous people in the management of the Congolese part of the Tri-national zone of Dja-Odzala-Minkébé (TRIDOM) A new initiative has just been launched to improve the management of...
Originally scheduled from April 4 to 19, 2020, the Douala International Business and Trade Fair (FIAC), under the label “FIAC-PmExchange 2020”, was postponed because of the Covid-19. But it could finally be held from October 17 to November 1, 2020. “A solution to the crisis is estimated by the experts towards the end of July....
The agency incharge of the management of Telecommunication Infrastructure GITGE plans to strengthens internet connectivity in the country, a move intended to curb the spread of Covid-19. Provision has been made to grant an Internet speed of 100 Mbps to the research laboratory of the Institute of Investigations in Public Health, in the district of...
Gabon’s Transport Minister Léon Armel Bounda Balonzi has launched the activities of Trans’Urb, the public bus company that will facilitate transportation of people in major cities of the country. The emergence of the new company is telling testimony of the promise made by the President Ali Bongo Ondimba who guaranteed free land transport by bus...
Cameroon’s Finance Minister, Louis Paul Motaze has set the term for the application of a measure to reduce custom tarrif by 5% for imported vehicles intended for public transport. The Cameroonian government decided to introduce a reduced customs tariff of 5% on imports of vehicles intended for transport by taxis and buses. The Government move...
The public debt and guarantees of Cameroon stood at about 8424 billion FCFA by December 2019. The Ministry of Finance who published the report also reveals the amount represented at this period, around 37.3% of the Gross Domestic Product, against 5039 billion FCFA at the end of 2015 or 30% of the GDP, representing an...
The Commission on Public Establishments in Cameroon CTR has revealed that the State has the ambition to buy the shares of Total Outre-mer within the National Oil Refinery company SONARA. The cost of the purchase is estimated at 9.6 million US dollars (about 5.2 billion FCFA). If the State were to buy out the shares...
The TOTAL Gabon Board of Directors has proposed that a dividend of $ 11 per share be distributed on behalf of the 2019 financial year, representing a total remuneration of 49.5% for the benefit of its shareholders. If this directive is adopted, it will represent a level of dividend equivalent to that of the 2018...
The Special National Solidarity Fund in Cameroon created by the President of the Republic, Paul Biya has seen an additional 770 million FCFA contributed by corporate bodies and private individuals. The information was disclosed by the Minister of Public Health, Dr Manaouda Malachie. This makes a total of 1,770,150,000 FCFA, if we count the one...
The Cameroonian government unveiled its debt strategy for the period 2020-2022, in a briefing note on issues of bonds of assimilable treasures (OTA) by auction, published on April 1, 2020 by the Ministry of Finance. The debt need of the Cameroonian State (including budget support) planned for the period 2020-2022 is 3,440 billion FCFA, including...
Franklin Nguegang, 28, uses information published on the Twitter account of the Minister of Public Health, Dr Manaouda Malachie to showcase Covid-19 infection trends in Cameroon. “The application allows you to view an interactive map of Cameroon on which are listed the different cases found of the disease and this by city, to display graphs...
The Board of Directors of the African Development Bank on Tuesday approved $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the Covid-19 pandemic and mitigate its impacts.The grant, which is in response to an international appeal by the WHO, will be used by...
The African Energy Chamber is calling on African governments and the judiciary to take actions to shield oil & gas companies and their workers from lawyers trying to take advantage of the Coronavirus pandemic to create instability in the workplace.While most Africans are trying to cope with the uncertainty and issues of Covid-19 and low...
After carrying out findings on the impact of the coronavirus on Cameroon’s economy, the Business cartel in Cameroon GICAM has outlined some proposals for implementation by the government. The President of the Employer group Celestin Tawamba believes that, these measures will keep the economy afloat should they be executed in the fiscal and social, customs, monetary and...
The Danpullo group, represented by the Director General of Nexttel, presented this afternoon in the Conference Room of Ministry of Public Health, a check of 100 million FCFA to Dr. Manaouda Malachi, Minister of Public Health, to beef up the Special National Solidarity Fund for the fight against Covid-19, created on Tuesday March 31, 2020, by the President...
Brahim Mahamat Djamaladine The water company of Chad (STE) will soon have a photovoltaic solar power plant. The installation is being carried out by Aboussimbil, a Chadian company specializing in general trade and building construction. The project will cost the construction company more than 500 million CFA francs (nearly ‘762,000). The plant of the Chadian...
Tower Resources has announced updates in respect of its Thali Production Sharing Contract (‘PSC’) in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, and its binding heads of terms (‘HoT’) in respect of a farm-out of a 24.5% interest in the PSC to OilLR Pty Ltd (‘OilLR’). Petroleum operations in Cameroon have already been...
The African Export and Import Bank (Afreximbank) will make available to African countries a credit facility totaling $ 3 billion to help adapt to the financial, economic and health shocks caused by the COVID-19 pandemic Known as the Pandemic Trade Impact Mitigation Facility (PATIMFA), this financial support has 3 objectives at the economic level. These...
