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Peter Nsoesie

CIMAF Gabon braces up stiff competition with imminent arrival of Dangote cement in Gabon

Cimaf Gabon's approach is not trivial. The arrival of Dangote Cément, led by the Dangote Industries group, suggests a shock in this market segment whose annual demand is 600,000 tonnes....
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Public accounting in Cameroon: Government creates specialized payments for more budget transparency

The Communication Unit of MINFI explains that the creation of certain specialized payrolls with certain ministerial departments is part of "the dynamics of decongesting the expenditure circuit in general and...
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UBA Foundation Commemorates 2020 International Day of the African Child, Donates Thousands of Books across Africa

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...
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Cameroon launches “Fonds-Proto”

"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...
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Gabon’s petroleum revenue may drop after briding OPEC production quota

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...
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GICAM advocates for economic patriotism to summount Covid 19 induced economic shocks

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...
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CIMAF invests 9 billion francs to make Gabon self-sufficient in cement

"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...
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CAMAIR CO to lay off over 300 workers, Management explains

“… 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...
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Cameroon’s SME Promotion agency launches support program for enterprises

"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."
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Cameroon’s Budget Director breaks down reformed 2020 Finance law

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...
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Banana exports in Cameroon drop in May

"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....
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Chad and World Bank reach a deal to develop Lake Chad

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...
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EDC plans to increase production of the Memvele dam from 60 to 80 Megawatts

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...
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IMF predicts -1.2% economic growth rate for Cameroon in 2020

“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,...
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