Express Union subjects henceforth to COBAC oversight
Business News of Wednesday, 24 August 2016Source: Business in CameroonExpress Union subjects henceforth to COBAC oversightExpress Union branch, ArchivesWithin the framework of implementation of regulation n°01/15/Cemac/Umac/Cobac, relating to the supervision of financial holding companies and cross-border monitoring, the Deputy Secretary General of the Central African Banking Commission (COBAC) Christian Ouanzin, recently organised a workshop in Libreville, bringing together Express Union Group and its affiliates. He invited the representatives of the holding company to a genuine collaboration with COBAC, in order to have a better understanding of the Express Union Group in its entirety and a better assessment of its risk profile. Express Union is a Cameroonian financial company created in 1997 with its headquarters in Yaoundé. Initially, it specialised in rapid money transfers and its scope of activity is within Cameroon where it is market leader. Since 2006, the company obtained authorisation from COBAC and the Cameroonian Ministry of Finance to create a second category microfinance structure.
Source:CameroonWeb
August 24, 2016 12:13 UTC
Cameroon to carry out new Treasury bond of 7 billion
Business News of Wednesday, 24 August 2016Source: Business in CameroonCameroon to carry out new Treasury bond of 7 billionThe new Treasury bond worth FCfa 7 billionThe Treasury of the Republic of Cameroon will proceed on Wednesday 24 August 2016, with the issuance, through auction, of fungible Treasury bonds with a value of FCfa 7 billion. These Treasury bonds of 52 weeks will carry commitment interest on the nominal value of FCfa 1 million. Individuals or companies desirous of acquiring these stocks must get in touch with 16 banks among which are Afriland First Bank, Banque Internationale du Cameroun pour l’épargne et le credit (BICEC), Banque internationale pour le Commerce et l’industrie du Gabon (Bicg), Bgfibank Gabon, Crédit du Congo, Ecobank Cameroun, Société commerciale de Banque Cameroun (Scb), etc. This new issuance comes after the successful one which took place on 10 August earlier this month. Investors offered to the Cameroonian Treasury FCfa 20.5 billion from the FCfa 7 billion requested.
Source:CameroonWeb
August 24, 2016 12:13 UTC
Goats help Cameroon's displaced get back on feet
General News of Wednesday, 24 August 2016Source: VOAGoats help Cameroon's displaced get back on feetFile Photo of goats in Northern RegionA new program in northern Cameroon is giving families displaced by the Boko Haram insurgency a pair of goats to help them get back on their feet. He got the goats this month as part of an initiative by the French Red Cross and the government of Cameroon. Families impacted by the conflict against Boko Haram are given a pair of goats. Muje Dieudonne works for the French Red Cross official which is piloting the project. Economic impact of Boko Haram insurgencyBoko Haram has been carrying out attacks in northern Cameroon for more than three years.
Source:CameroonWeb
August 24, 2016 12:12 UTC
Celtic win the longest 90 minutes of my career - Rodgers
Sports World News of Wednesday, 24 August 2016Source: goal.comCeltic win the longest 90 minutes of my career - RodgersBrendan RodgersBrendan Rodgers conceded he found it tough to watch as Celtic scraped through to the group stage of the Champions League despite losing 2-0 on the night to Hapoel Be'er Sheva. But while acknowledging that his charges were not at their best, Rodgers was still quick to praise their resolve. "It was the longest 90 minutes I've had as a coach," he said. Rodgers went on to outline what Champions League qualification means for the Glasgow club, who had missed out for the previous two seasons. The draw for the Champions League group stage will take place on Thursday, with Celtic returning to domestic action on Saturday when they host last season's league runners-up Aberdeen.
Source:CameroonWeb
August 24, 2016 12:12 UTC
Nurses’ association president faces impeachment
General News of Wednesday, 24 August 2016Source: cameroonpostline.comNurses’ association president faces impeachmentCatherine Arrey TakorCatherine Arrey Takor, National President of the Association of the Professions of Nurse, Midwife and Health Technician, is currently facing threats of impeachment for unmasking a gang in the association. The gang, in collusion with some unscrupulous staff in the Ministry of Public Health, has been siphoning the association’s finances, especially the national annual aid given to it by the Ministry of Public Health. Since taking over the mantle of office in 2012, Arrey Takor, embarked on a campaign to block all the leakages through which the association’s funds were sinking into. Speaking to The Post in Buea recently, Arrey Takor, said the gang members, who have been preying on the association’s income are scheming to topple her. The FCFA 10 million, she said, was diverted to a different account by the Secretary General of the association.
Source:CameroonWeb
August 24, 2016 12:12 UTC
Sika opens new national subsidiaries in Cameroon
Business News of Wednesday, 24 August 2016Source: Business in CameroonSika opens new national subsidiaries in CameroonThe establishment of new national subsidiaries takes the total number of subsidiaries to 18A new national subsidiary has been established in Cameroon, in the city of Douala. The new organization will assume responsibility for the distribution of concrete admixtures and mortar products throughout the country and continue to expand Sika`s market share in Cameroon`s flourishing construction market. Sika products have been marketed through distributors in the country for more than a decade. The West African country`s building industry is growing dynamically under the stimulus of investments in infrastructure and residential construction. Important projects include the expansion of the Kribi seaport in the south of the country, the extension of the country`s rail network and the construction of stadiums for the 2019 African Cup of Nations.
Source:CameroonWeb
August 24, 2016 12:12 UTC
Hugo Broos to experiment against Gambia
Sports News of Wednesday, 24 August 2016Source: BBCHugo Broos to experiment against GambiaHugo BroosHugo Broos says he will combine experimentation with a need to win in his side's final Africa Cup of Nations qualifier against Gambia. "This gives me an opportunity to use players who have not played much before and experiment with new players." "We are always on the look-out to find new and good players and build a new team, for now and next year," Broos said. "We saw Ndip Tambe at his club. Broos emphasised the need for victory against Gambia in Limbe, particularly to appease fans, after results like the 2-2 draw at home to South Africa in March.
Source:CameroonWeb
August 24, 2016 12:12 UTC
Spalletti: Roma have no discipline
Sports World News of Wednesday, 24 August 2016Source: goal.comSpalletti: Roma have no disciplineLuciano SpallettiRoma coach Luciano Spalletti was at a loss to explain his side's lack of discipline as they crashed out of the Champions League on Tuesday. After drawing 1-1 away to Porto, Roma crashed to a 3-0 defeat at home to suffer a 4-1 aggregate loss against the Portuguese outfit in their play-off. Roma finished Tuesday's contest with nine men after Daniele De Rossi and Emerson were shown straight red cards, adding to Thomas Vermaelen's sending off in the first leg. "What happened is we lost a very important match that will change the season going forward and we are going to have to deal with that," the 57-year-old told Mediaset Premium. He added: "We can list the 15-16 games from last season where we didn't get any red cards.
Source:CameroonWeb
August 24, 2016 12:12 UTC
Paul Ayah defends supreme court appointment
Politics of Wednesday, 24 August 2016Source: Cameroon JournalPaul Ayah defends supreme court appointmentAyah Paul ABineAyah Paul ABine, National Chairman of the Popular Action Party, PAP, and Advocate General of the Supreme Court has for the first time publicly defended his acceptance of the gov’t job, changes in his party and the lacklustre relationship he has with the Southern Cameroons National Council, SCNC. In defense of accusations that he betrayed the masses by dining with President Biya in accepting the Supreme Court job, Ayah argues vehemently that his appointment followed regular procedure because he had not retired from public service.
Source:CameroonWeb
August 24, 2016 12:12 UTC
IDB has 85% of the Islamic world in its portfolio in Cameroon
Business News of Wednesday, 24 August 2016Source: cameroon-info.netIDB has 85% of the Islamic world in its portfolio in CameroonIslamic Development Bank has 85% of the Islamic world in its portfolioOn the occasion of the general review of the cooperation portfolio between Cameroon and development partners in the Islamic world, the Minister of Economy and Planning and Land Development (Minepat), Louis Paul Motaze, indicated yesterday in Yaoundé that, out of a global intervention amount of FCfa 520 billion, the Islamic Development Bank (IDB) gathered on its own, a portfolio of approximately 428 billion for about twenty operations. Thus, more than 85% of the entire portfolio. A financing authority in the Islamic Cooperation Organisation (ICO), of which Cameroon has been a member since 1975, IDB honoured the country by funding the very first project worldwide at its inception, being the Song Loulou dam (388 megawatts) in 1977. To have a better foothold in Cameroon, this Islamic bank recently appointment a local representative in Abakar Abdoulrassoul. Apart from IDB, the main partners in this type of cooperation include the Arab Bank for Economic Development in Africa (BADEA), the Saudi Development Fund (FSD), the Kuwaiti Fund for Arab Economic Development (FKDEA) and the OPEP Fund for International Development (OFID).
Source:CameroonWeb
August 24, 2016 08:57 UTC
Patrice Melom appointed MD of the port complex of Kribi
Business News of Wednesday, 24 August 2016Source: Business in CameroonPatrice Melom appointed MD of the port complex of KribiPatrice MelomPatrice Melom, former Coordinator of the steering and monitoring committee of development of the industrial port complex of Kribi (CIPK) has been appointed Managing Director of this complex, on 23 August 2016 at the end of a Board meeting held in Yaoundé. Jean Paul Simo Njonou, for his part, has been appointed President of the Board. The industrial port complex of Kribi covers an area of 26,300 ha and borders the Cameroonian coastline over 20 km. These are the logistics and industrial activity area, the residential area, port facilities and the multimodal corridor. These latter two components will facilitate Cameroon’s integration in the sub-regional area through inter-states sea, road and railway transport streams.
Source:CameroonWeb
August 24, 2016 08:57 UTC
2016 Hajj pilgrimage package price lower by FCfa 94,000
Religion of Wednesday, 24 August 2016Source: Business in Cameroon2016 Hajj pilgrimage package price lower by FCfa 94,000File photo of pilgrims returning from Hajj last yearThe Minister of Local Administration and Decentralisation (Minadt), René Emmanuel Sadi, informed that the price of the package to take part in the 2016 Hajj for Cameroonian pilgrims has decreased by FCfa 94,000 due in part to the cancellation of the “refundable savings”, in compliance with the new requirements of the Saudi authorities. Contrary to the previous year when Cameroonian pilgrims would have spent FCfa 2.154 million, the total price of the 2016 Hajj is FCfa 2.06 million. It covers the plane ticket (FCfa 930,000), accommodation at the Mecca and Medina (FCfa 596,354), basic Saudi services (FCfa 172,840), additional Moassassa services (FCfa 134,382), catering services at Mecca and Medina (FCfa 138,424), medical and administrative assistance (FCfa 17,500), supervisor's commissions (FCfa 55,000) and bank commission (FCfa 15,500). If an estimate of the number of candidates to the 2016 pilgrimage to Mecca has not yet been given, we can recall that in 2015, 4,500 Cameroonians took part in this religious event. About thirty of them died in a stampede which had left 2,236 dead.
Source:CameroonWeb
August 24, 2016 08:57 UTC
Ligue 1: découvrez le Onze Type de la 31e Journée
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Source:CameroonWeb
August 24, 2016 08:57 UTC
Boy Giresse calls out Cameroonian Music Directors
Entertainment of Tuesday, 23 August 2016Source: kinnakasblog.comBoy Giresse calls out Cameroonian Music DirectorsCameroonian artist, Boy GiresseSweden-based Cameroonian artist, Boy Giresse seems to think there is a lot of copy work going on among music Directors in Cameroon. The Mini Mini singer took to Facebook a few hours ago to post the following;#?Truth?. Most of the recent Camair music videos now appear to have the same or similar concept despite the genre. No offence but the music industry is alarming, artists investing so much in videos now, so should directors invest in ?#?creativity?. Watch Giresse's Mini Mini video below...
Source:CameroonWeb
August 23, 2016 16:53 UTC
4 things to learn from Dencia
Supreme ConfidenceA great word to distinguish world-class performers from average people is confidence. Do you think you could really tell Dencia that something is impossible or that she won’t succeed? The most successful performers like Dencia have made the decision to pay any price and bear any burden in the name of victory. It’s safe to say that Dencia welcomes it, and so do most world-class performers. The great ones like Dencia see conflict not as a threat, but as an opportunity to gain a three-dimensional perspective on a problem.
Source:CameroonWeb
August 23, 2016 16:53 UTC