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NEWS

Congo adopts 2018 EITI report

Regarding the main customers, South-East Asia is the first destination of Congo's forest products, with a rate of 77% of exports, followed by the European Union (19%), North America (2%),...
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Gabon records 8.6% drop in Cement production

"This underperformance results from the negative effects of government measures to combat the spread of the coronavirus pandemic which impacted construction activity during the second quarter," the document said.
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Gabon plans to bring public debts to below 70% of PIB

According to the Ministry of the Economy, after a downward trend over the period 2016-2019, the debt ratio is again on the rise. This "debt strategy aimed at economic recovery...
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Tony Elumelu Foundation 2021 TEF Entrepreneurship Programme Application is now operational

The Tony Elumelu Foundation’s $100million Entrepreneurship Programme, launched in 2015 to empower 10,000 entrepreneurs over 10 years, is now entering its 7th year and has empowered to date, over 9,000...
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Congo to recruit over 4500 new civil servants in 2021

With regard to actual recruitments, 1,700 posts are planned at the level of primary, secondary and literacy education; 410 technical and vocational education, skills training and employment; 80 to social...
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Cameroon seals post-BREXIT Partnership Agreement with the UK

The United Kingdom is committed to supporting developing countries by encouraging growth through trade. The preferential terms for their key exports, such as bananas, will support jobs and economic development...
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Congo adopts reformed Labour Code

This reassured them and led to a general consensus on December 30. Employers and workers signed the final version of the reform to validate the content before the text is...
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New Tax provisions of Chad’s 2021 State Budget

Under the support and economic recovery, it is proposed to provide a tax incentive for companies operating in the fields of agriculture, livestock, renewable energies; VAT exemption on fertilizers, pesticides...
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Congo edges closer to payment interoperability

According to one of the project designers, Éric Armel N’Doumba, the Telecom adviser, Congo-Pay will allow the aggregation of all the other means of payment that already exist at the...
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CEMAC experts reflect on the execution of 12 integrated projects

For two days, the members of the technical commission relied on precise economic parameters to consider the implementation of said projects. “This is a game of interests but based on...
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Gabon creates a mediation forum to strengthen the business sector

Inaugurated by the Secretary-General of the Ministry of Justice, François Mangari, this structure which promotes alternative dispute resolution methods in business circles, intends to deploy its expertise in commercial and...
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Cameroon publishes Export bulletin for the year 2020

As regards the exports of manufactured products, “the drop was mainly supported by the drop in exports of processed wood (sawn wood -11.7%, wood pasture sheets -23.5%). Also, exports of...
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Alphonse Nafack bags Best Manager in Central Africa at Financial Afrik awards

A banker-financial expert by training and by profession, Alphonse Nafack is one of the best-known faces of the Cameroonian financial landscape. Its name is practically the trademark of Afriland First...
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Congo’s railway outfit CFCO to undergo reforms

To compensate in particular for the deficit of cars and traction units, the Minister in charge of Transport, Ingrid Olga Ghislaine Ebouka-Babackas, announced on December 8 the upcoming arrival of...
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