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

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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.

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.

 

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”.

SAFACAM Maintains Net Despite Fall In Rubber Prices

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.

Lafarge-Holcim To Construct Cement Factory In Nomayos

 

The government of Cameroon and the Lafarge group has signed an investment agreement for the construction of a cement factory in Nomayos on the outskirt of Yaounde.
The agreement will help resurrect the project which was announced some five years ago. The foundation stone for the construction of the cement factory was laid in September, 2011 in Nomayos, a few days after the start of construction works on the Dangote Cement factory in Douala, which started operating in 2015.
Commenting on the delay of the cement factory, Pierre Moukoko Mbonjo, Chairman of CIMENCAM said “the industrial procedures, which are time-consuming and the discussion with the State on tax and administrative issues delayed the project. The most important thing is the signing of this agreement with the government, which will enable us to finally start works. The Project will be completed in 2018”.