In 2019, Orange Cameroon provided the best performance of mobile internet in Cameroon. This is evident from the annual report by the global observer of the assessment of mobile networks and the NPERF customer experience in a report released last March. To gather all these results, the observer, thanks to an application, relied on the...
Vaalco company has announced a production of 4,944 barrels per day in the 1st quarter of 2020, boasting that it not affected by the Coronavirus crisis. The American company has maintained its production forecasts for the whole year 2020 at 4,400-5,000 barrels per day. The 2020 fiscal year has started off on a positive note...
After dismissing some of its staff, the La Falaise Hotel group has finally closed its three hotels located in the Akwa, Bonanjo and Bonapriso neighbourhoods in Cameroon’s economic hub Douala. This decision as explained within the hotel chain is motivated by the lack of customers caused by the Covid-19. If the empire of the Cameroonian...
The Société des Brasseries du Gabon SOBRAGA has announced that her products are Covid 19 free, emphasing that all measures have been taken to avoid any contagious infection within the company. This follows rumours about the company’s products being infected by the coronavirus after its Director General was tested positive of the pandemic. Amidst bad...
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...
Beside the tragic human toll of the coronavirus, the s already having considerable economic impacts, posing major challenges to the global supply chain and certain business sectors such as airlines, travel and leisure, and causing significant stock market volatility and some precipitous falls. As businesses are affected, the Covid-19 puts a spotlight on insurers who...
The Technical Committee for the Rehabilitation of public and para-public sector Enterprises CTR reveals that, the Cameroon Petroleum Depot Company commonly known as SCDP is not compliant with oil stocks regulations. This statement follows an investigation into the company where it was discovered that, SCDP’s safety stocks are 110,000 m3 (This means 20 days of autonomy...
Le pétrolier franco-américain avait répondu à un appel relatif à la fourniture et l’installation d’une pompe à tiges dans un puits pétrolier situé dans la Sanaga-Maritime. Adolphe Moudiki, l’administrateur directeur général de la Société nationale des hydrocarbures (SNH), vient de déclarer infructueux un appel d’offres soumissionné par la multinationale franco-américaine Schlumberger, la société mauritanienne Afrecom...
