Angola’s President Jose Eduardo dos Santos has appointed his daughter Isabel dos Santos as head of the state oil company Sonangol. Isabel dos Santos, named by Forbes magazine as Africa’s richest woman, worth an estimated $3.3bn (£2.3bn), has been appointed to take on a job after her father sacked the entire board in April. With […]
Portuguese group Prologica, would soon set up a computer assembly factory in Cameroon after discussions with government.
This project would be carried out in partnership with the African Institute of Computer Science, IAI. It will also have an assembling capacity of 6,000 computers. The factory is expected to create 10,000 jobs with a production covering the entire Central African market.
With the recent growth in technology, the project will also help Cameroon in its quest for emergence by 2035.Founded in 1984; Prologica is one of the main players in the information technology market in Portugal.
Sner and Atidolf, Chadian and Nigerian engineering firms respectively, have been awarded two road construction contracts worth FCFA 53.7 billion by the Cameroonian government.
The contract for the construction of the Soa-Esse-Awae road, in the Centre Region, worth FCFA 34.3 billion, was awarded to the Nigeria Company Atidolf.
The Chadian company Sner was given the contract for the construction of Maroua-Bogo road, in the Far North Region worth FCFA 19.4 billion.
These companies have 24 months to deliver the projects.
In order to improve the health services of mother and child in Cameroon, Bretton Woods Institution administrators recently approved FCFA 70 billion funds to finance the project.
According to a World Bank communiqué, the fund includes a loan of FCFA 55 billion from the International Development Association, IDA, the concessional one-stop shop of the World Bank; and a donation of about FCFA 14.8 billion provided by the Fiduciary Fund of the Global Financing Facility, GFF.
The first phase of the project will cover 36 Districts of Northern Cameroon; targeting women, adolescents and children under five, as well as the displaced population and refugees affected by insecurity in the area. The project focuses on two components, which are enhancing the provision of health services and institution building to improve the results of the health system.
After seven years under a temporal administration, the Commercial Bank of Cameroon, CBC, has appointed a Cameroonian, Léandre Djummo, as its Managing Director.
Djummo was recently appointed after a Board meeting of the Bank.
The new Managing Director of CBC is an ex-employee of the Central African States Bank, BEAC, and the Central African Banking Commission, COBAC. Before his appointment, Djummo was the Administrator at Afriland First Bank.
According to a press release recently published by Cameroon railway, Camrail, the salaries of its employees will witness a four percent increase rate and another two percent in 2017.
The information was made public after 60 interns and other temporary workers signed their employment contracts to join the workforce of the railroad company.
Before signing the contracts, officials of the national rail carrier assured the new recruits that they will be trained on better ways to handle the equipment of the company.
The companies, which boast of over 2,100 employees, pledged to continuously work to ameliorate the working conditions of its workers.
In prelude to the inauguration of the Kribi Deep Sea Port, the Bolloré Group, which will operate the container terminal of the port with its partners CHEC and CMA CGM, recently organised a marathon to announce its presence in the town.
The 42 km race organised in partnership with the Yaoundé Marathon Club, give athletes the opportunity to discover the port infrastructure.
“In accompanying this Yaoundé marathon, Bolloré Africa Logistics confirms its social responsibility action and paves the way for its announced presence in Kribi”.
The Minister of Agriculture and Rural Development, Henri Eyebe Ayissi, has announced that registration for agricultural cooperative societies has resumed.
Managers of companies have been submitting their applications in all 10 Regional Delegations of the Ministry of Agriculture in Cameroon.
In 2013, the registration process was suspended due to the OHADA Common Act on cooperative societies. This Act imposed new provisions which did not previously exist in the Cameroonian law.
Lefèvre Pelletier & Associés, LPA, French law firm specialised in Business Law has announced the opening of two branches in Cameroon headed by Yves Moukory Eyoum. The Douala branch is the first bureau the firm has opened in Sub-Saharan Africa and the 3rd in Africa, after Algiers and Casablanca.
LPA is the second internationally active Business Law firm to be established in Cameroon in less than a year after Centurion Law Group in 2015.
The Agricultural and Forestry Company, known by its French acronym as SAFACAM, made circa FCFA 40 million net income after tax in 2014 and 2015, despite a 13 percent fall in rubber prices.
According to the official financial statements of the company listed on the Douala Stock Exchange, the company’s 2014 earnings increased.
This increase could be likened more to an achievement, taking into account the decrease in rubber prices, one of the main products of SAFACAM.
Even though SAFACAM rubber production increased by 4 percent in 2015, the average selling price per kilogram experienced a 13 percent decrease compared to the preceding year.
achablah Times 