Africa’s Second Longest-Serving President Appoints Daughter as Head of State Oil Company — Our Cameroon, our World

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 […]

via Africa’s Second Longest-Serving President Appoints Daughter as Head of State Oil Company — Our Cameroon, our World


Computer Assembly Unit In Cameroon To Go Operational


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.

Chadian, Nigerian Companies Win Road Contracts In Cameroon

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.

Bretton Woods Approves 70 Billion For Maternal Health

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.

CBC Bank Appoints New Managing Director

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.


Camrail Increases Employees’ Salaries


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.

Bolloré Group Announces Presence In Kribi With Marathon


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”.