Quel est le site Web ?

https://www.facebook.com/100481851920306/

Economy Review, Bonaberi Douala, Doula (2026)

19/07/2022

Dear business owner and entrepreneur on this online space.

If you have less than 300 people viewing your status, you'll hardly make sales.

This is why I came up with WhatsApp Automation Hack where I'll teach you how to generate more than 800 views on your WhatsApp daily. The course is only 1k and it's not a group course. You'll be taught how to implement the hack immediately after payment. Ready? Send a message with 2k payment 😤🤺

30/03/2022

FACEBOOK MARKETING TRAINING FOR SMALL AND MEDIUM SIZE BUSINESS OWNERS

Grab your course here 😊👇🏽👇🏽
https://wa.link/58iaw2

18/03/2022

Cameroon: IMF awaits new audit on Covid-19 fund management
The IMF isn't inspired with the misappropriation of stores implied for battling Covid-19. Cameroon judges have revealed a reiteration of debasement in their most recent audit. On 16 November 2021, the Chambre des Comptes du Cameroun carried out an review to explore how the Extraordinary National Solidarity Support planning to battle against the coronavirus was being used. Its report affirmed doubts of theft that have been detailed since early 2021. In its conclusion, the Chamber made 30 suggestions, chosen to open 14 procedures into fumble and transmitted 12 cases – likely to be classified as criminal- to the Service of Justice. READ MORE IMF-Africa: obligation, SDRs, imbalance... the Fund's unused clothes

18/03/2022

The rise in customer costs was more supported in five of the 10 territorial capitals in Cameroon in 2021, concurring to the National Founded of Measurements (INS). Those capitals are Yaoundé and Douala, Maroua, Bamenda and Bafoussam. “Those five cities contributed 1.73 rate focuses to the 2.3% swelling measured within the nation. In other words, they contributed over 75% of the national inflation,” clarified the INS. For investigators, the cost increments recorded across the nation are due to nourishment costs. Without a doubt, we learn, in 2021, nourishment costs expanded by 4.3%, coming to their most noteworthy level since 2017 (3.6% in 2020, 2.9% in 2019, 1.2% in 2018, and steady in 2017). Two of the five cities that contributed the foremost (Maroua and Bamenda) are found in ranges confronting security emergencies (Boko Haram and separatists emergency) whereas one (Bafoussam) offers its border with emergency locales.

17/03/2022

In the framework of its new economic and financial program [2021-2024] with the IMF, Cameroon has committed to coercing state-owned firms into paying the on-lending or guaranteed loans they received.

In its March 2022 country report focused on Cameroon, the IMF explains that public enterprises that benefited from those loans will “have to fulfill their contractual obligations as specified in the on-lending or guarantee agreements.” “To this end, the government will initiate discussions with the public enterprises concerned to devise a plan for the collection of amounts due on maturities settled by the government on their behalf and to set the terms for effective tracking to allow public enterprises to make debt service payments on on-lending or loans guaranteed by the government in a timely manner and avoid accumulating new arrears. For new financing, the government will introduce more security and take measures to collect debt service payments on time,” the report reads.

According to the latest data from the national sinking fund CAA, the only outstanding guaranteed debt as of November 30, 2021, was the result of old agreements since the government granted no new guarantees in recent years. As of that period, the outstanding guaranteed debt was XAF23.1 billion, representing 0.1% of GDP. The Port Authority of Douala (PAD) accounted for XAF1.8 billion, against XAF7.2 billion for the DPDC and XAF14 billion for KPDC.

It was down by 7% month-on-month because KPDC repaid XAF1.7 billion of principal.

Still, according to the CAA, state-owned firms’ direct debt (not guaranteed by the state) is XAF862 billion, representing 3.5% of GDP; 53.1% of that debt is owed to foreign partners against 46.9% for domestic partners and suppliers.

28/12/2021

CAN2022
Cameroon sounds ready to host African Cup Nations
Anxious as Cameroonians may be, what are the economic benefits of this event to the Cameroon economy as the leading economy in the CEMAC region.
Though Cameroon battling with conflicts, crises, poverty and inflation. What are the possible or open door opportunities for Cameroonians to change thier economy status ?
AFCON 2022 in CAMEROON
Cameroon/EconomyCameroon/EconomyEconomy
TotalEnergies CAF Champions League & Confederation Cup
Samuel Eto'o

17/01/2021

Cameroon launches call for expression of interest for investors interested in its animal by-products processing sector
(Business in Cameroon Reports) - On January 12, the Cameroonian Ministry of Livestock, Fisheries and Animal Industries (Minepia) issued a call for expression of interest to pre-qualify investors wishing to invest in the animal by-products processing sector.

According to the calling document, the government will co-fund, with the qualified private investors, the establishment of the processing units thanks to funds provided by the World Bank in the framework of Livestock Development Project Prodel.

The Minepia's call for expressions of interest reveals that the units to be built include a large-scale dairy processing unit (with the possibility of setting up a UHT-type dairy), an industrial pork processing unit, an industrial poultry processing unit, a beehive products processing unit, and an industrial beef processing unit.

The document adds that the public funds to be injected into each of these projects range between XAF150 and 350 million, or 60% of the budget necessary to implement the business plan. Economic operators interested in this government offer can submit their tender documents, by February 5, 2021, to the Prodel coordination unit in Yaoundé.

Apart from boosting the value of products such as Oku white honey (labeled by the African Intellectual Property Organization-Oapi), the implementation of these projects will have a significant impact on Cameroon's trade balance, in which the importation of dairy products and other sausages and cheeses weigh heavily.

For instance, according to estimates by the French National Interprofessional Center for the Dairy Economy (Cniel), France exported over 305 tons of cheese and 1,835 tons of milk and dairy beverages to Cameroon in 2018.

Also, in 2015, the country spent XAF31 billion (exceeding the average of XAF20 billion recorded since 2013) to import milk, according to figures published by the Minedia.

Brice R. Mbodiam

04/12/2020

Water supply project Paepys to be completed nearly 7 months after the initial deadline due to Covid-19 pandemic (Business in Cameroon) - Because of the coronavirus pandemic, water supply project Paepys (68% completed in October 2020) will not be able to meet its initial December 2021 completion deadline as stated in the contract with Chinese construction company Sinomach. Rather, the completion date is now July 21, 2021, according to the Ministry of Water and Energy (MINEE).

Paepys, which is aimed at supplying drinking water to residents of Yaoundé and its surroundings through the Sanaga River, is funded by a XAF399 billion loan from Eximbank China. It is aimed at ending the drinking water deficit in Yaoundé by supplying an additional 300,000 m3 of water in its initial phase. That volume will be extended to 400,000 m3 daily in the project’s extension phase. Thanks to this additional water supply, neighboring towns like Batchenga, Obala, Nkometou, Soa, and Ntui can also have access to drinking water.

In Yaoundé, the daily drinking water need is estimated at 315,000 m3. However, its only water supply plant, the Akomnyada plant, produces nearly 100,000 m3 of water daily.

This represents a production deficit of 215,000 m3 daily. As a result, Yaoundé is under permanent water rationing.

S.A.

04/12/2020

(Business in Cameroon) - On December 1, 2020, the Bank of Central African States (BEAC) offered XAF250 billion of liquidity, in the framework of its liquidity injection operations, into the CEMAC banking system. The operation was aimed at increasing the operating margin of credit institutions operating in the region amid the coronavirus pandemic.

However, according to the official reports, only six credit institutions in the CEMAC zone have shown interest in this tender. The said banks captured XAF69.5 billion, a little over 27% of the overall liquidity offered by the central bank.

Since the beginning of these weekly liquidity injections, which are part of the BEAC’s monetary policy amid the pandemic, banks have probably never raised up to XAF100 billion. This shows either the solidity of their treasury or a certain reluctance to finance national economies.

BRM

02/12/2020

(Business in Cameroon) - Sonara’s reconstruction will cost about XAF250 billion. According to Minister of Water and Energy Gaston Eloundou, who disclosed the figure during his address before the parliament on December 1, 2020, these are the initial estimates from consulting firms.

"Negotiations are already underway with technical and financial partners who have expressed interest in the reconstruction of this refinery. However, the finalization of these negotiations depends on the restructuring of Sonara's large debt. The government is working hard to complete this restructuring and allow the gradual amortization of this debt," the Minister said.

According to the national sinking fund CAA, as of September 30, 2020, the debt of the refinery (whose Limbé plant was destroyed by a fire outbreak on May 31, 2019) was XAF704 billion. For the IMF, such huge debt poses a significant risk to the Cameroonian banking system.

“A full provisioning of exposures to SONARA per COBAC’s regulation would wipe out more than half of the banking system’s capital within two years (150 billion provisioning requirements within two years, out of a total regulatory capital of 280 billion for the entire banking system),” the IMF wrote in its Country Report No. 20/48 focused on Cameroon.

To avoid such a worrying situation, Cameroonian authorities intend to facilitate an agreement on the reprofiling of SONARA’s banks and suppliers' debts. This reprofiling, which will schedule repayment over five fiscal years (as suggested by SONARA), will help mitigate impacts on banks’ equity and profitability.

Sylvain Andzongo

01/12/2020

(Business in Cameroon) - The Cameroonian administration, through the Support Framework for Artisanal Mining (Capam), will collaborate with the Business Facilities Corporation (BFC) for better accountability of the resources produced in quarries and improve government revenues in the said sector. An agreement was signed in that regard a few days ago, we learn from stakeholders in the process.

"We are happy to be once again at the heart of an activity that has promising potential and can generate additional income for Cameroon, as well as stable direct employment for Cameroonians. Through these contracts signed and the concrete actions undertaken already, we are further concretizing our mission to be a key player in the economic transformation of Cameroon's development potential," said Lucien Ndzomo Mviena, Managing Director of BFC, in reply to Business in Cameroon’s questions.

In the framework of the partnership, BFC is expected to set up weighbridges at the quarries’ exits to properly estimate the volumes of resources taken out by the various operators. BFC is already implementing a similar project with the Port Authority of Douala (PAD) at the port of the economic capital.

According to officials in charge of collecting public revenues dedicated to this sector, the difference between the sums collected and the potential is "significant". One of the difficulties mentioned has always been that of having an exact overview of what is produced and exploited in the quarries. According to Capam, the solutions proposed so far have mostly faced challenges. The construction of about sixty weighbridges at the quarry exit should therefore be the first line of response to these challenges.

The other aspect of cooperation is the organization of cooperatives that are active around the quarries in Cameroon, like société simplifiée coopérative des tenanciers and artisans miniers de carrières artisanales de sables de la région du Centre namely. "We are already working to transform this sector capable of stabilizing and making viable over 100,000 direct jobs and creating more than 2,000 new direct jobs. There will also be indirect jobs and new benefits for the country. The project will also prompt new local investments,” said Lucien Ndzomo Mviena.

Idriss Linge

28/11/2020

In its recently-published September 2020 monetary policy report, the Bank of Central African States (Beac) reveals that during the period ending in late July 2020, the interbank market in the CEMAC zone was very dynamic, once again. Indeed, the number of transactions rose from 240 at end-July 2019 to 320 at end-July 2020 (+80).

According to the report, this increase in the number of transactions is due to repurchase agreements (repo).

During the reference period, 114 interbank transactions (valued at XAF1,103.2 billion) were performed, against 66 (valued at XAF993.1 billion) during the same period in 2019.

Despite this increase in the number and value of repurchase agreements, the overall financial value of interbank transactions in the CEMAC zone fell by XAF182.7 billion. The transactions were down from XAF2,233.7 billion between July 2018 and July 2019, to only XAF2,051 billion at the end of July 2020, the central bank indicates.

Economy Review

19/07/2022

30/03/2022

18/03/2022

18/03/2022

17/03/2022

28/12/2021

17/01/2021

04/12/2020

04/12/2020

02/12/2020

01/12/2020

28/11/2020

Adresse

Site Web

Notifications

Raccourcis

Partager