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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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Public structures in Cameroon witness significant cuts following slashing of State budget

This drop in revenue is due to the drop in tax revenue (-587.353) driven by "Value-added taxes and turnover" (-298,017), "Taxes on specific products and excise duties "(-69,022)," Import duties...
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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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Chad benefit from debt Moratorium

"The representatives of the Paris Club creditor countries have agreed to grant" to these countries a "suspension of debt service for a fixed period, from May 1 to December 31,...
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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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Cameroon saves 60 billion FCFA after reducing public spending

According to the Director-general of the budget at MINFI, Cyrille Edou Alo'o, in the columns of the newspaper: "the festivities marking the feast of National Unity (May 20) and the...
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Cameroon Custom chief lauds Bollore for contributing to CAMCIS

"Ultimately I am very satisfied, and I would like to thank the Bolloré Group here because when it was a question of finding a partner, a structure to support us,...
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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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Covid 19 forces Paul Biya to review Cameroon’s 2020 state budget

"This fund is funded to the tune of FCfa 180 billion in the second half of 2020. The expenses borne by the said fund must contribute to the achievement of...
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Total Gabon: 30 billion FCFA dividend to be paid to shareholders from June 11

This dividend will be paid in Euros from June 11, 2020 for an equivalent value of 9.88 Euros based on the rate of the dollar of the European Central Bank...
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