In an interview in the L’Union newspaper on Friday (November 13th), Jessye Ella Ekogha says all companies that meet the condition of amount and validation by the domestic debt taskforce have received their money. "To date, attests the spokesperson for the Presidency of the Republic, all debts of less than 70 million have already been...
his step marks the end of its installation process initiated in June 20219. On July 30, 2020, Bange Bank Cameroon obtained the assent of the Central African Banking Commission (Cobac) to operate in Cameroon. In the same vein, the Minister of Commerce issued to the bank on August 5, 2020, the commercial approval which “facilitates...
Following discussions with bank officials, incubators and certain youth platforms, members of the government asked each bank to carry out an inventory of the files received. “A lot of banks have received many files. Some are compliant, meet the criteria, others need to be improved, ” Finance and Budget Minister Tahir Hamid Nguilin says.
Asked about the continuation of the macroeconomic reform program concluded with the Congo in July 2019, the representative of the Bretton Woods institution said that discussions on this subject will resume after emergency aid. “The health crisis has complicated the implementation of the macroeconomic reform program. At the moment, the priorities are geared towards emergency...
“We have continued to focus on operational excellence and execution, which allows us to maintain a healthy cash flow, and cost discipline remains a key priority for the company as we seek to maximize our profitability ”, enthuses the CEO of Vaalco Energy. “We completed a very successful drilling program earlier this year, which demonstrated...
"The documentation to be provided is as follows: a valid ID and a copy of a recent bulletin or receipt, a half-photo in color or black and white," Bicig said. The banking of state agents promises to be a race against time because "the payment of salaries will henceforth be made by the only mode...
According to the African Energy Chamber (the voice of the energy sector in Africa), these measures are insufficient, unrealistic and unlikely to boost sustainable development. “We need businesses that can be competitive and create well-paying jobs. For that, we do not need restrictive regulations like the new regulations on currencies which must come into force...
Both initiatives have benefited from foreign funding. ABC-Pader has benefited from a joint envelope from the European Union and Germany amounting to 12.725 billion FCFA. As for Procoton, which is only supported by Angela Merkel's country, it has received funding of CFAF 1.9 billion. As for the specific case of the latter project, it is...
The national response to Covid-19 was at the center of discussions between the Minister of Health and the European Union (EU) ambassador to Gabon on November 5 in Libreville. Rosario Bento Pais discussed with Guy-Patrick Obiang the terms of payment of the contribution of 200 million CFA francs, provided by the voluntary association of European...
