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Economy

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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Tax rebates for 175 SMEs and VSEs in Gabon

The lucky ones were selected after examining the files by the Tax Counter, said the Minister of Economy. "Beneficiaries of tax breaks are asked to approach the tax centres on...
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Gabon: “Public investment is not the engine of growth” – IMF

In terms of quality of infrastructure, the efficiency of public investments has halved from the optimal level forecast, compared to a drop of 20% in the world and in sub-Saharan...
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Gabon to reduce Oil production by 23% in 2020

"It must be recognized that, as far as Gabon is concerned today, our production comes from so-called mature fields. This means fields which have shown their full potential and which...
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Gabon unveils Digital Investment Window

According to Gabriel Ntougou, the GNI generates a reduction of the delays in terms of formalization for obtaining a circuit sheet. The same is true for the waiting time and...
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Telecommunications – Provision of Internet Access: CAMTEL achieves a 170% increase in total traffic for its users in the city of Douala

Since the onset of the pandemic, ” CAMTEL has enabled government action to continue via videoconference thanks to its connectivity solutions. In terms of teleworking, the public company has a...
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Pisa Project: AFD to hasten the delivery of 89 classrooms in Gabon

Funded to the tune of 101 billion CFA francs, the Pisa program aims to improve access to primary and secondary education in Libreville and Port-Gentil, in particular through the construction...
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Use of Copil funds: Jean-Marie Ogandaga at CNLCEI

"We have presented to the Commissioners what we are doing. Because we must avoid grey areas in such a situation, "said the Minister of Economy. "The head of state trusts...
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Chad maps out three programmes to combat youth unemployment

The second, which concerns self-employment, consists of installing young promoters in their own accounts by financing their projects at zero rates. And the third is an agricultural credit program, designed...
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Gabon facilitates the creation of Enterprises to boost investment

The Digital Investment Counter, according to ANPI-Gabon, is also part of the accompanying measures taken by the government to fight against the spread of Covid-19. The objective is, therefore, to...
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African Development Bank secures support funds for CEMAC countries and the DRC

Support for health structures will be provided for the management of cases, particularly severe cases. Support for the resilience of health systems and populations in Chad, the DRC and the...
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9th ECCAS Extraordinary Session holds in Gabon with groundbreaking reforms

Upon convocation by His Excellency Alain-Claude BILIE-BY-NZE, Minister of State, Minister of Foreign Affairs of the Gabonese Republic, in his capacity as President-in-Office of the Council of Ministers of ECCAS...
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MINEPAT Chief Alamine Ousmane Mey signs three conventions of more than 18 billion FCFA with the French Development Agency

"According to the MINEPAT press release, this funding relates to the response to covid-19, support for economic development in the Far North region and the construction of the headquarters building...
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Senate validates Tax treaty between Gabon and Saudi Arabia

The Senate voted on May 28, in identical form to that of the National Assembly, the bill authorizing the ratification of the tax treaty between the Kingdom of Saudi Arabia...
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