
Economic news for monday, january 6, 2023
The economic news is quite rich and diversified at the start of the week, even if no flagship news dominates in this area.
The daily Cameroon Tribune showcases the major challenges announced during the seminar organized by the Ministry of Finance and therefore the closing was used to present wishes to the minister here. We learn that the Ministry of Finance, despite the context marked by the difficult economic situation, with in particular a disruption of trade, a rise in the price of raw materials, an impact on tax expenditure due to measures to support the recovery economic, has reaped appreciable results. For the Minister, the objectives of the SND30 must be achieved and requires the acceleration of the pace of implementation of structural reforms. The Minister calls for the reduction of certain expenses that have become unsustainable or non-priority,the restructuring of the State budget among others.
The increase in fuel prices in force since February 2 could have consequences onthe price of urban transport. The Riposte newspaper announces in its edition of today, that the unions active in this sector are campaigning for an increase of 50 Fcfa during the day and 100 Fcfa at night. A correspondence, according to the newspaper, was sent to the Prime Minister on February 2, 2023.The unions which accuse the government of going it alone, hardly exclude legal actions, if their grievances are not taken into account by Public powers.
In acompletely different register, the daily EcoNews is interested in the tax department whose boss has just joined the International Monetary Fund. The newspaper wonders if “Is moulting possible? », relating to the Processing offiles at the Minfi in 2023. We learn that receiving the wishes of the staff,the Minister of Finance invited the staff not to be afraid to rigorously treatthe files of the users to twist the neck of the various traffics influences that seem to have made their way into the file processing circuit.
The innovations concerning the new Cosumaf Regulations in the field of public calls for savings, collective savings and the professional obligations of market players and participants are of interest to "Le Financier d'Afrique", which has highlighted the major points in its publication of January 6, 2023.
The good rating obtained by BGFIBank Cameroon also caught the attention of the newspaper "Défis Actuels" which points out that this bank has carried out financing of more than 500 billion CFA francs in 2022. The confidence is from its Managing Director who revealed the performance and strategies of this bank which is positioned as a leader in the financing of major projects in Cameroon.
Still in the chapter on financing, "Le Quotidien de l'Economie", notes that SODECOTON obtained a loan of nearly 26.5 billion CFA francs from the French Development Agency and the European Union to modernize nine of its factories. Related agreements have been signed in Garoua.
The daily Eco Matin, is interested in there newal of the office of the Board of Directors of GICAM announced at the end of the year. According to the newspaper, at least two lists will compete. The boss of Mit Chimie, a company specializing in the manufacture of plastic packaging and the distribution of chemicals and plastic materials, would no longer make any secret of his desire to become the future boss of Cameroonian bosses. Eco matin writes that a few days ago, he announced his intention to some members of the Inter-employer Grouping of Cameroon (GICAM),of which he currently heads the economy and business development commission. In the coming months, Emmanuel Wafo Foko since it is about him officially plans to put together a list for this election.