The Council of Ministers of the Union of Central African States (UEAC) held its 42nd ordinary session in Bangui, Central African Republic, on 11 October 2024. The bulk of this year’s session was devoted to examining and adopting the draft budget for the year 2025. From 7 to 8 October 2024, the inter-State committee examined...
The Managing Director of the National Hydrocarbons Company (SNH), Adolphe Moudiki, reiterated his impatience to see the judges of the Special Criminal Court (TCS) finally open the investigation in Cameroon, as part of the prosecution of the accomplices of the Swiss multinational Glencore, accused of corruption in the country. Adolphe Moudiki’s statement echoes the pre-trial...
On October 8 in Brazzaville, Prime Minister Anatole Collinet Makosso chaired the opening ceremony of the annual general assembly of the Union of Economic and Social Councils and Similar Institutions of Africa (Ucesa) , coupled with the Conference on “environmental issues and sustainable development in Africa .” The stakes being, among others, the examination of the activity report, the draft strategic...
The United Bank for Africa, UBA, is in the process of recapitalization which gives investors across the globe and Cameroon in particular where it has a strong hold chance to reap big. The Bank is said to have already tabled its application for the recapitalization process at the Security and Exchange Commission, SEC. The approval...
Established by the 2025 Finance Bill, the Fee on electronic money issues (mobile money, bank cards, etc.) will no longer be levied at 5% on each transaction. Faced with the outcry caused by the announcement of this new tax, the authorities have decided to divide it by 10. The announcement of the institution of the...
Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market met on October 9 in Brazzaville to set prices for Congolese crudes, in particular Djeno Blend and Nkossa Blend, for the third quarter of 2024. ...
As the BRICS nations prepare for their summit in Kazan, Russia, the inclusion of ten new member countries is poised to reshape the global economic landscape. The upcoming BRICS summit, scheduled to take place in Kazan, Russia, from October 22 to 24, 2024, is set to be a landmark event in international affairs. The gathering...
In the CEMAC zone, the regulation on the organization and operation of the Central African market, adopted on July 18, 2024 and made public on October 2, 2024, gave rise to a new pricing applicable to the Central African Financial Market Supervisoy Commission CONSUMAF and to the persons, structures or organizations subject to its control. This new grid...
Meeting on October 4, 2024 in Douala the Assa-ac Council of Ministers once again focused on the operationalization of its 2025 vision, the objective of which is to make CEMAC , ” an integrated and emerging economic space, where security, solidarity and good governance reign, in the service of human development”. At the same time, the Council looked at the...
