Cameroon | Infrastructure, Economy and Business thread - Page 6 - SkyscraperCity
 

forums map | news magazine | posting guidelines

Go Back   SkyscraperCity > Continental Forums > Africa > General Forums > Business, Economy and Infrastructure

Business, Economy and Infrastructure Our architecture, infrastructure, transport, economy and other related discussions


Reply
 
Thread Tools
Old February 24th, 2012, 01:33 PM   #101
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

CFAO equipment is positioned on the major projects in Cameroon


Quote:

Agency (ECOFIN) - With 3.5 billion investment and 55 employees for a start, CFAO equipment is proposed, in a business to business approach, to offer its customers a wide range of Cameroon for public works vehicles, handling, agricultural equipment, generators and lifts. "Unlike others, we put the resources before customers," said Nicolas Richard, Executive Director, before promising to tease a few competitors.

To do this, the company offers several solutions, including offerings through innovative leasing Loxea, a hallmark of short and long term rental and making available a range of equipment suitable to meet all needs of its industry.

Officials of the newest businesses operating in the construction industry believe that countries like Cameroon are favorable to investment, including major works and some other key projects are already underway: Kribi, Memve'ele , Lom Pangar, etc..

CFAO equipment that caters to players and present local and international investors in construction, agriculture, energy, logistics and transport, is now present in Yaounde and Douala.
translation from french with google translate

http://www.agenceecofin.com/investis...rs-du-cameroun
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old March 8th, 2012, 12:37 PM   #102
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Quote:
The Minister of Health conducted the last Tuesday in the installation officials Hospital Research and Application in Surgery and Endoscopic Reproduction.The hospital offers medical and surgical high-level services in fields of gynecology and obstetrics. We understand why the institution responsible for conducting research in the field of endoscopy and human reproduction and deliver health care said peak will be headed by a top flight team judged: Pr Seraphin Fouda Magloire as President of Management Committee, and Jean Marie Kasia to the position of Director General. Created October 13, 2011, by presidential decree, the Hospital Research and Application in endoscopic surgery and reproduction (Chracerh) is a structure of the Chantal Biya Foundation. This teaching hospital is intended to improve maternal health, to women, and research in fertility. Beyond its objectives which aim to provide medical and surgical high-level, in the fields of gynecology and obstetrics, this hospital is also responsible for research and development of advanced surgical techniques.
The center to hold this hospital structure is already completed and equipped premises. Built on an area of ​​7300 m2, the complex is a building of two floors and three basements. A guided tour of the hospital complex can see, an administrative block, units of childbirth, surgery, hospitalization, medically assisted procreation, exploration and training, a neonatal unit, an amphitheater 300 places for learning and telemedicine, a blood bank, a bacteriology laboratory, a block transfer of embryos.

The CHRACERH is primarily a hospital should ensure that health care as traditional outpatient, gynecological emergencies, but also the board through family planning and disease-specific care in oncology, endoscopic surgery and Reproduction human through various applications such as specialized clinics for infertility treatment for infertile couples, medically assisted procreation (MAP), in vitro fertilization, intrauterine insemination Uterine, storage of gametes and embryos and other equivalent techniques in visual semiology and prenatal diagnosis.

In addition, research in surgical endoscopy, fax will be realized. To this is added the primary mission of training, the center aims to provide the theoretical and practical teaching in gynecology and human reproduction.
Led by Professor Jean Marie Kasia, doctors: T. Nkoa, Mr. Toukam, J. D Kemfan Ngowa, the training component will lead to three university degrees CHRACERH organized with different credentials, it is the degree in Endoscopic Surgery, Human Reproduction and university degree in breast imaging.
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 8th, 2012, 01:04 PM   #103
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Business environment: the third session of the Cameroon Business Forum was held in Douala

Quote:
The third edition of the Cameroon Business Forum (CBF) was held in Douala on Monday under the chairmanship of Cameroon Prime Minister Philemon Yang. This body was designed to bring together government officials and business community in order to improve the business climate and allow the country's economic development. She stood just days after the consultation launched by the Minister of Economy on the theme of accelerating growth.

For this third edition, about two hundred participants took part in the work under the theme "Investing in a simplified business environment." This is the first time that these meetings were held in Douala, economic capital and main business center of Cameroon and the Central African subregion.

The meeting in Douala was an opportunity to assess progress since the first edition of CBF held in 2009. Since then, two sessions were held during which 48 resolutions were taken. It will learn that 37 of 48 of these recommendations are already implemented or are being, or a rate of 73%. If, for many participants, much has been done, few complaints are still on the pace of implementation of reforms that, in the opinion of some, is still below expectations.

The CBF of Douala was also an opportunity to give new momentum that could lead to a more fruitful partnership between government and business circles. Indeed, the conclusion is that economic performance of Cameroon remain mixed when taking into consideration the real potential of the country. The ambition clearly displayed by both the government and the private sector is to win a point each year of growth from 2013 to take the path of emergence.

The Head of State Paul Biya has placed the current seven-under the banner of "Major Achievements", the problem arises of how to improve Cameroon's place in the ranking of Doing Business and Cameroon to the destination more attractive to investors . To this end, the Prime Minister reiterated his government's commitment to implement "a program of reform and voluntary resolved" to improve the business climate.

Forum Douala has an opportunity for members of the government to make a presentation on measures already taken or envisaged to improve the business climate. Thus the Minister of Justice, Attorney General, Laurent Esso, reported on the facilitation of settlement of commercial disputes in the context of OHADA. For its part, the Finance Minister, Alamine Ousmane Mey, dwelt on paperless customs and tax procedures.


For its part, the private sector expect the government said that "it emits strong signals" to promote the economic sectors with growth potential such as agriculture, information technology and communication, tourism, wood, energy, textiles and mining.

Other expectations among the most urgent concern about starting small business bank and the agricultural bank, facilitating the access of SMEs to public procurement, the adoption of a law enforcement on the timeliness of payment , etc..

André Fouda

Cameroon Report
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old March 9th, 2012, 03:16 PM   #104
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Joule Africa to develop Kpep project with Cameroon govt


Quote:
Emerging market energy developer Joule Africa and the government of Cameroon have formed a memorandum of understanding to develop a 450MW hydro electric project.

The Kpep Hydroelectric facility will increase the country’s current installed power base by at least 40 per cent, as well as creating jobs and economic benefits.

Joule Africa will work alongside local partner the consultancy Bethel Industrievertretung, as well as leading European engineering firm Lahmeyer International.

The plant will be located on the Katsina-Ala river in the north-west of the country.

Basile Atangana Kouna, Minister of Water Resources & Energy, said, ‘Independent Power Projects, such as this one with Joule Africa, are at the core of the government of Cameroon’s strategy for increasing access to water and energy.

‘The involvement of the private sector is key to building necessary infrastructure and to realising the development goals that the country has set. Choosing to work with Joule Africa on this project further demonstrates the commitment of the government to mobilising international investment for the development of Cameroon.’

Mark Green, managing partner of Joule Africa, added, ‘We are delighted that the government of Cameroon has identified Joule Africa as the appropriate partner for the development of the Kpep Hydroelectric Project. This is the second project under development for us in sub-Saharan Africa.

‘We are committed to working closely with both the technical and financial community in Cameroon to make this a genuine partnership between Joule Africa and the people and government of Cameroon. We are privileged to be a part of this project and of the growth and development that it signifies for the country.’

Copyright © 2012 NewNet
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 11th, 2012, 11:52 PM   #105
Hadrami
*Free Agent*
 
Hadrami's Avatar
 
Join Date: May 2010
Posts: 9,380
Likes (Received): 3424

Quote:
Cameroon inks MOU in $1 bln 450 MW hydro project
Fri Mar 9, 2012


YAOUNDE - Cameroon and U.S. emerging markets energy developer Joule Africa signed a memorandum of understanding (MOU) to develop a $1 billion 450 MW Kpep Hydroelectric Project in the Central African nation, the parties said on Friday.

The project will boost the country's current installed power generation capacity by at least 40 percent, a statement from Cameroon's water resources and energy minister said.

Cameroon's government has embarked on plans to increase the country's power generation capacity, which in the past, along with other infrastructure shortages, have slowed the growth potential of Central Africa region's biggest economy.

The government has said it plans to increase power capacity from 1,037 MW to 3,000 MW by 2020, which is seen as key for the country to attain an emerging economy status by 2035.

"Independent power projects such as this one with Joule Africa, are at the core of the government of Cameroon's strategy for increasing access to water and energy," Water Resources and Energy Minister Basile Atangana Kouna said in a statement.

"The involvement of the private sector is key to building necessary infrastructure and to realising the development goals the country has set," Kouna said.

Joule Africa's managing director Mark Green said the firm was happy to partner with the government of to develop the project, its second in sub-Saharan Africa.

Joule Africa, a member of the California-based Joule Investments Group, signed a similar deal with Sierra Leone in May last year to expand the West African country's Bumbuna hydro electric project, which will add about 350 Megawatts of generation capacity to the country.

Green said the project in Cameroon will take approximately six to seven years to come on stream and will cost about $1 billion, subject to the feasibility study.

"We are committed to working closely with both the technical and financial community in Cameroon to make this a genuine partnership between Joule Africa and the people and government of Cameroon," Green said.

The Kpep hydro project is located on the Katsina-Ala River in North-West region of Cameroon close to the border with Nigeria.


source: Reuters
...
__________________
"Les faits sont têtus" - Paul Kagame(Apr 7, 2014)

check out:The African Sahel thread
Hadrami no está en línea   Reply With Quote
Old March 12th, 2012, 11:32 AM   #106
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Thanks Hadrami for your contribution on this thread !!!
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 13th, 2012, 12:12 AM   #107
èđđeůx
Still Comin' Out Strong
 
èđđeůx's Avatar
 
Join Date: Jun 2010
Posts: 15,743
Likes (Received): 2105

Cameroon was always one of those African nations I just glanced over and ignored, but wow this thread is an eye opener.
__________________
Èddeůx »» *
èđđeůx no está en línea   Reply With Quote
Old March 13th, 2012, 12:24 AM   #108
Hadrami
*Free Agent*
 
Hadrami's Avatar
 
Join Date: May 2010
Posts: 9,380
Likes (Received): 3424

Quote:
Originally Posted by ngantsop View Post
Thanks Hadrami for your contribution on this thread !!!
no problem
__________________
"Les faits sont têtus" - Paul Kagame(Apr 7, 2014)

check out:The African Sahel thread
Hadrami no está en línea   Reply With Quote
Old March 13th, 2012, 11:55 AM   #109
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Quote:
Originally Posted by èđđeůx View Post
Cameroon was always one of those African nations I just glanced over and ignored, but wow this thread is an eye opener.
Keep visiting this thread you'll know much about Cameroon improvements in various sectors.
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 14th, 2012, 01:13 PM   #110
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Oil research launched in Makary (Extreme-North region)

Quote:
After the block Zina, the deepening of the research was started last Monday. The small town of Woulky in the borough of Makary, Logone-Chari and lives a kind of transfiguration. The inhabitants of this small town are stunned by the arrival of heavy equipment and landing of large machines on their territory. Is that the Chinese oil company, Yan Chang, a partner of the National Hydrocarbons Corporation (SNH) has installed one of its bases here.

After the exploration work in Block Zina, she has launched seismic testing in the block Makary. This is broken for this company in oil exploration to assess the amount and type of oil whose indices were discovered a few months ago in this area. The launching ceremony of the seismic survey was chaired by the regional governor of the Far North, Joseph Beti Assomo.

According to the Director of Operations for the NHC, the work of the first phase will cost 5 billion of CFA. This work that Simon describes as conclusive Tamfu allowed several area youth to find employment. For the second phase which will last four to five months ago another 8 billion francs to spend, and some 250 local youth will be solicited. It was after this step we will know more about the commercial nature of the oil that is in the basement. The work is done by large machines that will go to over 5000 meters in the basement to detect the black gold. Local people began to dream has been invited to take his troubles patiently. The process leading to the production of oil is long, complex and complicated, enter the representative of the Administrator-General of the NHC.

We remember that April 2, 2009, the Cameroon government through the SNH, has signed a production sharing contract for onshore oil exploration with China's Yan Chang Logone Development Holding Company Ltd.. The agreement gives discharge to the Chinese company to make the operations of seismic interpretation and drilling of oil wells in an area of ​​8506Km ² in blocks of Zina and Makary. In case of successful tests, the findings of the block-Zina Makary in the Far North will help boost the national economy, especially that Cameroon has set a goal of becoming an emerging on the horizon in 2035.
Translation from french with google translate

http://www.camnews24.com/fr/societe/...cees-a-makary-
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 14th, 2012, 01:24 PM   #111
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

111 tractors from the assembly plant of Ebolowa ready

Quote:
The machines were sold back to Ebolowa MINADER Tuesday by Minister of Economy. Behind his back, dozens of farm machinery, including a hundred tractors, the Minister of Economy, Planning and Regional Planning (Minepat), Emmanuel Nganou Djoumessi, presented to his counterpart of the Agriculture and Rural Development (MINADER), Essimi Menye.Which invited forthwith, student farmers to ride two machines, thereby increasing the already overflowing joy of the potential beneficiaries of the shed. The rest, CT has learned from official sources, will be distributed during the launch of the growing season in two weeksReceiving tractors, MINADER has called for more, turning her gaze to the Minepat. "We need agricultural roads to replace farm tracks," pleaded Essimi Menye. In fact, both members of the government believed the ambition to achieve successfully the transition to a second generation of agriculture. "This agriculture will devote our food self-sufficiency and provide jobs for youth," said Emmanuel Nganou Djoumessi. This is to make a "qualitative leap" through mechanization and improved seeds in particular, emphasize again the Minister Nganou Djoumessi.

In addition, the ceremony held at Ngalane, a suburb of Ebolowa, also magnified cooperation between India and Cameroon. A bilateral relationship with the "quality and excellence" were highlighted by the Minepat. Following him, Essimi Menye renewed the thanks of the Cameroon government to Indian partners as the Honorary Consul General of India, came to Douala, was responsible for transmitting.
translation from french with google translate

http://www.camnews24.com/fr/societe/...ets-a-ebolowa-
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 14th, 2012, 08:13 PM   #112
a_bondima
Registered User
 
a_bondima's Avatar
 
Join Date: May 2006
Location: PHILADELPHIA VIA BALTIMORE
Posts: 313
Likes (Received): 400

Cameroon: Electricity for all by 2020?
Quote:
By Stefane Ballong, Translated by Olivier Milland

Despite a strong potential for producing hydroelectric power Cameroon has never really managed to reduce its energy deficit. Now, the new minister in charge of the energy sector is determined to find a solution.


BASILE ATANGANA KOUNA, CAMEROONIAN MINISTER OF ENERGY AND WATER

A gigantic hydroelectric dam with a capacity of between 400 and 500 megawatts (MW) in Kpep will be built in Menchum in north-east Cameroon. Negotiations between Basile Atangana Kouna, Cameroonian minister of Energy and Water and British company Joule Africa as well as its German partner Lahmeyer, for the project was initiated in London at the end of February. The consortium is getting ready to launch an assessment of the project's estimated costs.

What will follow is "a BuildOperateTransfer (BOT) contract, and construction is set to start between the end of 2013 and the beginning of 2014. The dam will be operational two years later," the minister confirmed.

The two companies, who are already present on the continent, signed a $750m agreement in 2011 in Sierra Leone, aiming at increasing the capacity of the Bumbuna hydroelectric dam, from 50 MW to 400 MW by the end of this year. The Kpep hydroelectric power station would complement the projects that are already under way, some of which are in need of financing, which would eventually allow Cameroon to export electricity, according to Basile Atanga Kouna.

In total, the government intends to spend CFA 5.800bn (a little over $11.5million) between 2010-2020, to develop infrastructure for electricity production and distribution. But before then, Cameroon has to satisfy its own needs.

Although load shedding, which is severely affecting the industrial sector's development and slowing down the GDP growth (3.1 percent in 2011), has been reduced in the last two years, the country still has an electricity deficit. Half of Cameroonians do not have access to electricity.

Progress under way

With an electricity production capacity of 12.000 MW, placing it in third position behind DRC and Ethiopia, Cameroon doesn't produce more than 7.500 MW from its hydraulic energy sources. Total electricity production is at a little more than 1.000 MW. Henceforth, the objective set by the government is to triple that capacity by 2020.

And by reducing its energy deficit, Cameroon expects to see an increase in its GDP growth by 2 percent. Just like other countries of the region (Gabon, Congo, Equatorial Guinea, etc) that are also striving to boost their energy production, Cameroon has increased the number of projects. At the end of December, 2011, they managed to finalise the financing of a thermal gas plant in Kribi, which should be completed by the first trimester of 2013.

The thermal gas plant will have a capacity of 216MW that could be extended to 330 MW, and will be built and operated by Kribi Power Development Corporation (KPDC), a subsidiary of AES-Sonel - Cameroon's largest electricity supplier - at CFA 190bn ($379m). The project is partly financed by the state with CFA60bn ($119m), a consortium of local banks providing CFA40bn ($79.8m) and international investors with CFA 90bn ($179.5m). The gas needed for the construction site will be supplied by the end of 2012, by the Société Nationale des Hydrocarbures (SNH).

Another project that will soon see a great progress is the construction of the Lom-Pangar dam on the Sanaga River, in the east of the country. Construction is handled by the Electricity Development Corporation (EDC), and should start before the end of the year. The plan is to build a water reserve of 6bn m3 to supply the Edéa and Song Loulou plants, in order to improve their production capacity from 450 MWh at present to 729 MWh by 2015.

"We believe that the financing (of more than CFA 200bn -$398m) will be settled by the end of June, 2012" according to the Ministry of Energy and Water.

The latest investors' assessment, including entities such as the AFD, the European Investment Bank, World Bank, BAD or BDEAC, was done in January, with a positive outcome. In the weeks ahead, the heads of these institutions need to decide on the level of their participation. "We remain optimistic, because the government has responded satisfactorily by providing partners with a working plan for hydro-electric power, and has taken concrete steps with respect to indebtedness and access to water," Kouna explained.

Kouna is also the head of Camwater, a public agency that specializes in the development of infrastructure for water production and distribution in Cameroon.

Boost production

In addition to Lom-Pangar, works on at least two other infrastructural projects are expected to begin between 2013 and 2014. One of them is the hydro-electric power plant in Nachtigal, which has a capacity of 250MW ($780m), and could spur the yearly production of Aluminum du Cameroun. Another one is the $477m Memve'ele plant on the Ntem River expected to add 200MW to the total production.

In all, Cameroon seems to be well on track to catch up on its delays in energy production. And if the government respects the deals made with investors, there should be no problem finalising the projects.
a_bondima no está en línea   Reply With Quote
Old March 15th, 2012, 11:30 AM   #113
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Good news a bondima !!
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 15th, 2012, 11:47 AM   #114
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Infrastructure: China Eximbank provides financing for the Yaounde-Douala highway

Quote:
Thursday, March 8, 2012, China Eximbank has agreed to finance the first phase construction of the Yaounde-Douala highway. The President should sign, in the coming days hopefully be a decree empowering the Minister of Economy to sign a loan agreement with China. "The ball is now in the camp of the Cameroon government, at least the Chinese have already signed. It is up to us to hurry up if you do not want to lose. Time, "said an official from Minepat. Sources say that in April 2012 could be the decisive month.

It's in October 31, 2011 the Minister of Economy of the time, Mr. Louis Paul Motaze, wrote to China Eximbank for obtaining a loan for the construction of the first phase of the highway between Yaounde and Douala. This first part is a linear 80 km, between Yaounde and Bot-Makak. The credit is requested by the Minepat of $ 482.8 million, or $ 241.4 billion CFA francs, with an interest rate of 2% over 20 years, with 7-year grace period. "From that date, China Eximbank has expressed interest in noticeable quantity and quality of documents they asked us," says a close case.

Since then, the Chinese company was established in Cameroon awaiting funding. She continued to study such techniques outlined in the contract. Some points of convergence are such definitively established on the final route of the highway. The choice of the loop highway (Yaounde-Douala-Yaounde Bafoussam) was abandoned in favor of a star schema: Yaounde-Yingui in Nkam then split the motorway (Yingui-Douala and Bafoussam Yingui). Advantage of the linear reduction of the highway and lower construction cost.
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 15th, 2012, 03:16 PM   #115
popa1980
Registered User
 
Join Date: Apr 2007
Posts: 16,305
Likes (Received): 4301

Its like African countries have suddenly all awoken from a sleep and are in a rush to develop now. God knows why they neglected infrastructure for so long.

Good stuff.
popa1980 está en línea ahora   Reply With Quote
Old March 15th, 2012, 06:35 PM   #116
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Mobile Banking in Cameroon Increases Access to Financial Services


Quote:
Today, 1.7 billion people with mobile phones do not have bank accounts. Taking this into account, the growing phenomenon of mobile banking is widening access to financial services in Cameroon and throughout Africa. Financial experts suggest that just a mobile phone and a SIM card have the potential to erode poverty.

BAMENDA, CAMEROON – Mdubila Pascaline, 29, is a journalist in Bamenda, a city in northwestern Cameroon. She says she sends some of the money she earns to her mother – simply by using her cell phone.

Her mother lives in Mbiame, a remote village that is more than five hours away from Bamenda by car. She does not have a bank account, but she can collect money from her daughter with just her phone.

“It’s very efficient and cost-effective,” Pascaline says.

Pascaline subscribed to the service at the MTN Cameroon mobile service provider in her town and received a code to text to her mother. She bought airtime worth 10,000 francs and transferred the money to her mother via cell phone. Using the code, her mother collected the money at the MTN Cameroon service center in her village.

For this transaction, Pascaline paid a fee of 100 francs (20 cents), which she says is cheaper than transferring the money using a bank account.

“With local banks, the transaction costs 500 francs [$1],” Pascaline says.

Mobile phone companies and banks are teaming up to provide mobile financial services to the citizens of Cameroon, enabling them to use their cell phones to transfer money and pay bills. In addition to increasing convenience, financial experts say that the growing phenomenon of mobile banking has the potential to erode poverty by connecting citizens without bank accounts to financial opportunities. The development of these services faces challenges though, such as poor network connections, power outages and low awareness.

This year, about 1.7 billion people will have mobile phones but not bank accounts, according to predictions by the Consultative Group to Assist the Poor, an independent policy and research center housed at the World Bank that is dedicated to advancing financial access for the world’s poor.

Petipe Paterne Aimé, a microfinance expert who lectures on the topic at the Catholic University of Cameroon, says Cameroonian banks, like Banque Internationale du Cameroun pour l’Epargne et le Credit, are forming partnerships with mobile phone operators to provide mobile financial services. Paterne applauds this step as mobile phone operators have a wider reach than banks because more people have cell phones than bank accounts.

Local phone operators have launched various mobile money services thanks to this partnership. MTN Cameroon has introduced MTN MobileMoney, an electronic wallet that enables users to send and receive money via their cell phones. Another mobile phone service provider, Orange, has launched Orange Money, its mobile money service that allows customers to pay bills through their cell phones.

One such customer is Ndi Apollinaire. Working from 5 a.m. to 8 p.m. daily as a taxi driver in Bamenda, he says he does not always have the time to go and wait in line at Applied Energy Services-Société Nationale d’Electricité du Cameroun, the electricity service provider, to pay his electricity bill. He says he is excited about the new option to pay his electricity bills through Orange, his mobile phone service provider.

“I have paid my bills through Orange once,” he says.

He says there are still a few kinks to resolve, but he is confident in the future of this system.

“The second time I tried it, the transaction did not go through, and I lost some of my credit money,” he says. “The service is new and am sure Orange and AES will work on it so that it is more efficient.”

In addition to being efficient, finance experts here say that mobile banking could be a key solution to help people out of poverty.
Paterne says the new mobile banking services allow Cameroonians to safely and cheaply send money to family and friends throughout the country or pay bills using a mobile wallet. Further development of mobile banking services could enable more people to access savings acounts, receive and repay loans and pay insurance premiums.

The new access to these financial services could develop the economic activities of the poor, he says. Mobile financial services mean that poor people who have cell phones but no bank accounts could have more access to microloans, insurance and tailored investment opportunities – services they are typically denied.

Andin Ban works for a major sales partner of Orange and Orange Money. She says that there are few requirements to benefit from Orange Money. Clients must be 15 or older, be identified owners of cell phone numbers and have photocopies of their national identity cards. The subscription to Orange Money is free.

Mobile banking is changing the speed of personal and business banking in Cameroon and has the potential to grow. But in spite of these innovations, challenges to its development still exist, as Apollinaire’s experience shows.

Paterne says that to make the most of opportunities offered by mobile banking, mobile phone operators need to regularize their services. There are days when clients are unable to make calls or receive text messages because of poor network connections.

Blackouts, which can last the whole day, are also common in Cameroon. During a blackout, people can’t charge their phones to access the financial services.

Companies may also need to find more effective ways to explain the terms and conditions of the new services, as some mobile users are still hesitant about using their phones for banking.

Manka’a Sharon, 30, is a warehouse manager at a social marketing company. She says she uses her cell phone exclusively for phone calls and text messages, despite weekly notifications from her mobile phone company announcing new services and products.

“I usually don’t want to read through the details of the notifications,” she says. “I only use my phone to make or receive calls and to send text messages.”

Sharon says she has heard about offers to use her phone to pay electricity bills or transfer money, but she is wary of them.

“Most of the offers by the phone companies sound like ‘jambo,’” she says, using a Cameroonian Pidgin English word for gambling.

by Comfort Mussa / Global Press Institute
http://www.cameroononline.org/2012/0...cial-services/
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 16th, 2012, 01:46 PM   #117
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

The cassava research bear fruit in Cameroon


Quote:
Agency (ECOFIN) - The cassava research bear fruit in Cameroon. According to the International Institute of Tropical Agriculture (IITA), yields increased by 10 tonnes (t) per hectare to 25-30 t thanks to the use of improved varieties, more resistant to many diseases and insects affecting the plant, and to its investment in particular by the International Fund for Agricultural Development (IFAD), whose president, Francis Kanayo was in Cameroon this week.

National production of cassava is now estimated at 3 million tonnes. In addition to increased yields, improved crop varieties can increase the diversity of cassava utilization by improving the quality of processed products from gari flour, and improve the taste, use, ease of peeling, color, etc..

Making bread from cassava could be launched as already exists in Nigeria and Tanzania.

To address post-harvest losses, shredders were distributed in 2010 in 25 pilot villages, facilitating the transformation of the tuber and thus reducing losses.
translation from french with google translate

http://www.agenceecofin.com/recherch...ts-au-cameroun
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 19th, 2012, 11:19 AM   #118
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Cameroon crude output on track for 100,000 bpd in 2012

Quote:
YAOUNDE (Reuters) – Cameroon is on target to double crude production to 100,000 barrels per day in 2012 after independent oil producer Perenco raised output from the Baf 3 oilfield to 50,000 bpd, an official at Cameroon’s state-run hydrocarbons corporation said.Oil production in the central African state, which peaked at 185,000 bpd in the mid-1980s, averaged around 65,000 bpd in 2011 due to maturing oil fields.

“The progress at Baf 3 is a clear indication that we are very likely going to meet our target of increasing total national production to at least 100,000 bpd in 2012,” said the official of the National Hydrocarbons Corporations (SNH), who asked not to be named.

Denis Clerc-Renaud, director-general of Perenco Cameroon, which became the leading oil operator in the country after taking over Total E&P operations in April 2011, said the firm will be focusing on reopening wells and improving production techniques.

Parenco’s other assets in Cameroon include the Dissoni oil field in the Rio Del Rey basin close to the Nigerian boarder, due to come onstream in the second half of 2012, and the Moudi and Ebome Marine concessions in the Douala/Kribi-Campo basin.

“One of our target is to start the Dissoni field. Heavier works will begin soon and production start date should be as we have said, that is around August 2012,” Clerc-Renaud said.
The development of the two Dissoni onshore oilfields could raise Perenco country output by at least 25,000 bpd, bringing the firm’s total production to 75,000-80,000 bpd.

yahoonews
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 20th, 2012, 01:11 PM   #119
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Optical fiber: interconnection Cameroon-Chad

Quote:
Chadian President Idriss Deby launched last Friday, March 16, 2012, in N'Djamena in Chad, the national fiber optic network along 700 km. A network made ​​possible via the submarine cable SAT3, located on the Atlantic coast of Africa, which reached Chad from Chad-Cameroon pipeline on which it is installed.

Cameroon, which has installed the submarine cable along the pipeline, this infrastructure is available to the Chad in exchange for tens of billions of CFA, we learn. Indeed, the telephone operator Camtel Cameroon who manages the infrastructure of fiber optics in Cameroon, signed December 30, 2011, with the Society of transmission infrastructure of electronic communications by fiber optic cable Chad (Sitcom) , a commercial agreement and technical interconnection networks of terrestrial fiber optic transmission. It was after the visit of President of Chad to Cameroon. After his stay in Cameroon, Idriss Deby signed in the Nsimalen airport, attended by the Prime Minister, Philemon Yang, an agreement for interconnection of optical fiber between Chad and Cameroon.

To demonstrate the power of broadband, a videoconference was held last Friday between Chad and Cameroon. Ambassador of Chad to Cameroon and conversed directly with Chadian President Idriss Deby, from the videoconferencing room of MINPOSTEL in Yaounde. Idriss Deby thanked the President of the Republic of Cameroon, Paul Biya, who has allowed the realization of this project.
If the exact amounts to be collected by Cameroon are not known, at the side of Camtel it says that the manna is quite important. Benjamin Assouzo'o, the communications manager of Camtel explains: "Camtel is the technical partner of Sitcom. Currently, Chad has only 700 km of optical fiber, as the country is vast and needs thousands of kilometers of fiber. Similarly the Chinese install fiber optics in Cameroon against large sums of money, it's Camtel which will install the fiber optic in Chad. This will generate billions of CFA francs in Cameroon. "The Chadian Minister of Posts and New Technologies of Information and Communication, Jean Bawoyeu Alingué, has also announced Friday that "the mesh of the national territory with the optical fiber is expected to span over 3,000 km and its implementation will require the mobilization of other important resources. "

Moreover, Sitcom pay interconnection capacity to Camtel in terms of billions of CFA francs, said Benjamin Assouzo'o. The Ministry of Posts and Telecommunications, it is stated that to generate more funds, "Cameroon strengthens its leading position in the sub region economically and as a digital hub."

Meanwhile the fallout in the telecommunications, the Cameroonian Treasury has already cashed 85.5 billion CFA francs in eight years for what is the right of transit of oil via the Chad-Cameroon pipeline.
translation from french with google translate

http://www.cameroon-info.net/stories...rancs-cfa.html
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Old March 20th, 2012, 02:25 PM   #120
ngantsop
Registered User
 
ngantsop's Avatar
 
Join Date: Dec 2009
Posts: 1,045
Likes (Received): 289

Bostwana Diamonds mining company believes in the potential of Cameroon in the field of diamond

Quote:
Bostwana Diamonds mining company `s based in Ireland, believes in the potential of Cameroon in the field of diamond


The Diamonds Botswana exploration company, based in Ireland, is optimistic about the profitability of old alluvial-type deposits, also called paleoplacers over an area 8000 km ² in Cameroon.

While the geology of Cameroon are still unknown, John Telling, the founder of the company told Mining Weekly that a comprehensive study of the area was made to confirm the presence of diamonds, saying he was also likely that the local artisans have already discovered.

"Few people, if any exist, in the diamond industry believe that Cameroon has the geological potential to produce. However, as our work in Zimbabwe has led to important discoveries in deposits in the area paleoplacers Marange, we better understand what type of rock and realize its potential, "he said.

So far, gold and uranium were the only minerals mined for commercial purposes of these deposits, but Teeling think the discovery of diamonds by the Korean company C & K Mining in search of gold at Mobilong, to the east of Cameroon, has demonstrated the possibility of diamond mining.

Based on this discovery, C & K Mining has obtained an operating license and is trying to develop a mine that should be released this year.

"Once the deposits have been discovered, we have applied for a license in the area adjacent to Mobilong in 2011, the area was surveyed, identified the rocks, and an exploration license over an area of 400 sq km has been obtained, "said Teeling.

A sampling program of 300 tons is underway to follow with a broader program to be held in the second half of the year.
translation from french with google translate

http://www.camerounlink.net/?Session...id=2&nid=65798
__________________
le CAMEROUN c' est le CAMEROUN
#We are the real lions
ngantsop no está en línea   Reply With Quote
Sponsored Links
Advertisement
 


Reply

Tags
africa, cameroon, economy, infrastructure

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 06:53 PM. • styleid: 14


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us