Business http://cameroon-concord.com Wed, 22 Nov 2017 23:53:38 +0000 Joomla! - Open Source Content Management en-gb Cameroon: Customs to auction abandoned Timber at the port of Douala http://cameroon-concord.com/business/cameroon-customs-to-auction-abandoned-timber-at-the-port-of-douala http://cameroon-concord.com/business/cameroon-customs-to-auction-abandoned-timber-at-the-port-of-douala Cameroon: Customs to auction abandoned Timber at the port of Douala

Customs’ national directorate at the ministry of finance will proceed to the sale by auction of 20 containers of wood which were to be exported. The sale will take place on November 11, 2017, at the Douala port, official sources revealed.

According to operators in the sector, it is unprecedented because, most of the times, the goods sold during auctions are imported goods. On July 22, 2017, customs were able to sell 13 containers of wood.{loadposition myposition}

According to our sources, the woods which will be sold have been abandoned for years by economic operators. A customs official explained that at the root of this problem, there is the “amateurism of exporters who are eager to send the loads inside ports without even confirming the orders or clients changing their minds for several reasons".{loadposition myposition2}

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bogus@bogus.com (Concord Essen) Business Wed, 15 Nov 2017 15:27:23 +0000
AfroMillionsLotto Launches in Cameroon With Over 2.3 Billion Franc Jackpot to Support Cameroon Children’s Charity http://cameroon-concord.com/business/afromillionslotto-launches-in-cameroon-with-over-2-3-billion-franc-jackpot-to-support-cameroon-children-s-charity http://cameroon-concord.com/business/afromillionslotto-launches-in-cameroon-with-over-2-3-billion-franc-jackpot-to-support-cameroon-children-s-charity AfroMillionsLotto Launches in Cameroon  With Over 2.3 Billion Franc Jackpot to Support   Cameroon Children’s Charity

AfroMillionsLotto, a new online lotto offering the biggest jackpot in Africa, launches today throughout Cameroon. For every lotto ticket sold, a donation will be made to United Action for Children – a Cameroon charity giving children living in marginalised communities access to quality education and training.

People aged 18 or over can visit uac.afromillionslotto.com to buy a lotto ticket, giving them the opportunity to win a jackpot of more than 2.3 billion Francs. The charity lotto features a twice-weekly draw offering life-changing prizes whilst also donating money to worthy causes across the Continent.

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Commenting on the fundraising lotto, United Action for Children’s CEO, Martha Etawuh said:

 

“Our charity is about empowering children through quality of education to ensure a better and sustainable future. This funding through AfroMillionsLotto will make the difference to us we have been dreaming about.”

 

The first uac.afromillionslotto.com draw will take place on Wednesday 15th November. If no-one wins the jackpot, the prize money increases with each draw until it reaches a maximum of over 3 billion Francs. There are also nine, ‘Candy Crush’ style, Instant Win games on the website, which can be played for fun or to win cash prizes – a percentage of which will also be donated to the charity.

 

If you’d like to support Cameroon children and the work of United Action for Children, visit uac.afromillionslotto.com – not only will you have the chance to win a life-changing jackpot, you’ll also be giving a charity much-needed funding.

 

ENDS

 

For further information please email media@afromillionslotto.com 

 
 

Editor's Notes

 

About United Action for Children

 

United Action for Children (UAC) was founded in 1996 and registered in 1998 under the Cameroon’s 1990 law on Associations (registration No. 557/G37/014/1/VO4/T/T/OAPP ) as a non-profit community based organisation engaged in Grooming Little Minds for a Big Future and developing a caring and sustaining society for children and young people through innovative programmes.

 

The overall goal of UAC is to contribute to the improvement of living conditions of key affected populations (Deprived People) such as orphans, street children, youth and young girls, drug users, teenagers, women and sex workers, in rural and urban areas.

We achieve this through four main program areas: Education, Health, Sports and Economic empowerment of communities to ensure the effective growth and development of children.

 

How the United Action for Children lotto works

 

After selecting setting up an account at uac.afromillionslotto.com  anyone over the age of 18 can deposit money using their credit or debit card or e-wallet.

 

You then choose a line of six numbers ranging from 1 – 49 and an additional bonus number between 01 – 9 before buying a ticket costing 0.60 Euros (€) (approx. 394 Francs). The winning numbers are based on the twice-weekly German National Lottery draw, which can be viewed live on German television on Wednesday and Saturday evenings.

 

Jackpots and prizes will be displayed at uac.afromillionslotto.com

together with the prizes for correctly predicting 6, 5, 4, 3 and 2 matching numbers. The minimum jackpot starts at 2,500,000 Euros (€) (more than 2.3 billion Francs) and rolls over by approx. 250,000 Euros (€) each time it’s not won until it reaches a maximum of 5,000,000 Euros (€).

 

Why Euros?

 

The United Action for Children AfroMillionsLotto sells tickets and displays jackpots in Euros (€) because it’s the currency of choice for the lottery industry. However, people pay to play in Francs and when they win, they'll withdraw money in Francs too. By promoting the United Action for Children AfroMillionsLotto in Euros (€), we can offer the biggest jackpots in Africa. It's as simple as that.

 
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bogus@bogus.com (Concord Essen) Business Wed, 15 Nov 2017 15:02:04 +0000
Cameroon receives FCFA 63 billion from EU http://cameroon-concord.com/business/cameroon-receives-fcfa-63-billion-from-eu http://cameroon-concord.com/business/cameroon-receives-fcfa-63-billion-from-eu Cameroon receives FCFA 63 billion from EU

The European Union has reportedly reached a two-year deal with Cameroon. The EU will grant Cameroon about FCFA 63 billion.

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The aid is meant  partly for  rural development in Cameroon, according to media reports.

The deal was signed by Minister Luis Paul Motaze and the representative of the EU , Hans Peter Schadek on November 9.

Critics believe that Cameroon may be experiencing a serious financial crisis following the unrest in Southern Cameroons and the fight against Boko Haram coupled with embezzlement.

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bogus@bogus.com (Tasha S.T) Business Sat, 11 Nov 2017 19:35:22 +0000
Vodafone calls off operations in Cameroun with immediate effect http://cameroon-concord.com/business/vodafone-calls-off-operations-in-cameroun-with-immediate-effect http://cameroon-concord.com/business/vodafone-calls-off-operations-in-cameroun-with-immediate-effect Vodafone calls off operations in Cameroun with immediate effect

In a press release made public today, the telecom company states that it is no longer commercially viable to resume activities in Cameroon.

It should be recalled that the Minister of Post and Telecommunications had together with the telecommunications and regulatory board of Cameroon, seized Vodafone’s license on September 14. E xplaining the suspension, the Minister had said the operator infringed the law governing operations of internet and wireless providers in Cameroon.{loadposition myposition} 

Since it’s September suspension, many Cameroonians who were affected by the decision had thought the company is carrying out talks towards restoring operations.

However, today’s press release signed by Antoine Pamboro, Afrimax Cameroon Executive Director,  comes as a hard hit to thousands of Cameroonians. The release indicates that the company stops operations with immediate effect and commends its staff, suppliers and customers for their support and enthusiasm.

 

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bogus@bogus.com (Concord Essen) Business Fri, 10 Nov 2017 14:03:55 +0000
Cameroon: 'Gold discovered' around Eseka http://cameroon-concord.com/business/cameroon-gold-discovered-around-eseka http://cameroon-concord.com/business/cameroon-gold-discovered-around-eseka Cameroon: 'Gold discovered' around Eseka

There are unconfirmed reports that say gold has been discovered in a  locality called Song Matip near Eseka in the Centre region.

Eseka is that famous place where a train derailed and killed several persons and injured many more in 2016. {loadposition myposition}

The supposed discovery is linked to a young man who is believed to have visited the area, observed and told another man that there was something there. They are said to have extracted an object which they said was gold.

According to media reports, several other people have crowded the area to extract the mineral.

The SDO of Nyong-et-Ekelle has reportedly banned every informal extractive activity there for the moment. He has called on people to follow formal procedures to extract the precious mineral, reports say. {loadposition myposition2}

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bogus@bogus.com (Eyong Orlando) Business Sat, 04 Nov 2017 20:01:35 +0000
Cameroon: Douala to become CEMAC’s new financial center http://cameroon-concord.com/business/cameroon-douala-to-become-cemac-s-new-financial-center http://cameroon-concord.com/business/cameroon-douala-to-become-cemac-s-new-financial-center Cameroon: Douala to become CEMAC’s new financial center

Criticized for years by market analysts and experts, the presence of two stock exchanges in an economic community was considered as an embarrassment and the actual manifestation of national selfishness.

Following the summit of the Heads of States of CEMAC on October 31, 2017, in Ndjamena, Libreville will not host the headquarters of the Central African stock exchange (BVMAC) anymore. The conference of Heads of States decided the transfer of the regional stock exchange, which up till now was in Libreville, to Cameroon’s capital.{loadposition myposition}

At the same time, while the conference decided to keep the headquarters of the regional financial market regulator in Libreville and, move the headquarters of the regional stock exchange to Douala, it also appointed the Bank of Central African states as the central depository.  

This decision ends disputes between these two stock exchanges. Henceforth, stock market transactions will take place In Douala. This should grow the market and encourage companies which were reluctant to list on the stock exchange.{loadposition myposition2}

BIC

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bogus@bogus.com (Concord Essen) Business Thu, 02 Nov 2017 19:31:23 +0000
Orange Cameroon pays "disputed invoice" of CFA1.6 billion to restore network http://cameroon-concord.com/business/orange-cameroon-pays-disputed-invoice-of-cfa1-6-billion-to-restore-network http://cameroon-concord.com/business/orange-cameroon-pays-disputed-invoice-of-cfa1-6-billion-to-restore-network Orange Cameroon pays

The  conflict between Orange Cameroon and Camtel, the public telecommunication operator which holds the monopoly over the optic fiber’s management in the country seems to have come to an end after the mobile network operator paid the sum of CFA1.6 billion to Camtel.Both companies had been at loggerheads over unpaid bills.{loadposition myposition} 

Camtel took its conflict with Orange Cameroon, which started some days ago, up a notch. This conflict is about an outstanding debt of CFA1.6 billion that Orange Cameroun is denying.

Orange Cameroun owes us more than one billion Cfa under our partnership.  Despite many notices to fulfill its obligations, our partner did not think it should do so. So, after many warnings, we decided to interrupt our services on optical fiber. After this, Orange repaid a portion of the debt, CFA700 million. We are then waiting for the remaining sum. How can Orange Cameroon deny this invoice while it made a prepayment”, Gérard Assouzo’o, Camtel marketing manager said.{loadposition myposition2} 

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bogus@bogus.com (Concord Essen) Business Fri, 20 Oct 2017 11:37:57 +0000
Cameroon: Orange's blackout leaves many customers without network http://cameroon-concord.com/business/cameroon-orange-s-blackout-leaves-many-customers-without-network http://cameroon-concord.com/business/cameroon-orange-s-blackout-leaves-many-customers-without-network Cameroon: Orange's blackout leaves many customers without network

The Cameroon subsidiary of Orange's subscribers were once again unable to make calls, send SMS or conduct mobile money operations for most of the day on October 17, 2017.  

The network operator revealed in an official statement published in the evening that it was due to a new disconnection from the optical fiber by Camtel, the public operator which holds the monopoly over Cameroon’s optical fiber.

 Yet, after the first disconnection of Orange Cameroun, last October 6, Camtel was recalled to order by the telecommunication regulatory body. Indeed, in a mail on October 9, the regulatory body let Camtel know that, according to the current telecommunication regulations, no network operator can interrupt the interconnection without the telecommunication regulatory body’s (ART) formal notice.  {loadposition myposition} 

Defying ART’s warning, Camtel took its conflict with Orange Cameroon, which started some days ago, up a notch. This conflict is about an outstanding debt of CFA1.6 billion that Orange Cameroun is denying.

Orange Cameroun owes us more than one billion Cfa under our partnership.  Despite many notices to fulfill its obligations, our partner did not think it should do so. So, after many warnings, we decided to interrupt our services on optical fiber. After this, Orange repaid a portion of the debt, CFA700 million. We are then waiting for the remaining sum. How can Orange Cameroon deny this invoice while it made a prepayment”, Gérard Assouzo’o, Camtel marketing manager said.

BIC

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bogus@bogus.com (Concord Essen) Business Thu, 19 Oct 2017 08:31:59 +0000
Global Business Forum on Africa in Dubai to Host 5 Heads of State http://cameroon-concord.com/business/global-business-forum-on-africa-in-dubai-to-host-5-heads-of-state http://cameroon-concord.com/business/global-business-forum-on-africa-in-dubai-to-host-5-heads-of-state Global Business Forum on Africa in Dubai to Host 5 Heads of State
  • Fourth edition of the forum will take place on November 1st-2nd in Dubai’s
  • Organised by Dubai Chamber, the forum is set to attract over 1000 high profile delegates

 

Dubai, United Arab Emirates, 16 October 2017, (AETOS Wire)The 4th Global Business Forum on Africa is set to welcome five African heads of state, 12 ministers, and more than 1,000 top-level government and corporate decision-makers and industry experts when the event takes place on November 1st and 2nd, 2017, in Dubai.                                            

The forum, organised by the Dubai Chamber of Commerce and Industry, will be held under the theme “Next Generation Africa.” The two-day event will examine the current economic outlook for the continent, and explore prospects for its development, as well as investment opportunities and the potential for forging partnerships between African businesses and their UAE counterparts. {loadposition myposition}

The event will bring together high-profile attendees such as H.E. Paul Kagame, President of the Republic of Rwanda; H.E. Danny Faure, President of the Republic of Seychelles; H.E. Yoweri Museveni, President of the Republic of Uganda; H.E. Ameenah Gurib-Fakim, President of the Republic of Mauritius; and H.E. Edgar Lungu, President of Zambia; along with a long list of ministers, senior government officials, young African entrepreneurs, economic and industry experts.

H.E. Hamad Buamim, President and CEO of the Dubai Chamber, noted that the timing of the forum is ideal as Africa is currently witnessing a sizeable uptick in private-sector led development and investment opportunities.

“This year’s Global Business Forum on Africa is drawing an unprecedented top-tier attendance, including distinguished African heads of state and ministers, to discuss a variety of key trends that are expected to drive Africa’s next phase of economic growth, as well as challenges and opportunities that fast-growing markets on the continent are experiencing,” H.E. Buamim said.

The two-day event welcomes a host of ministers from various African countries, including Benin, Burkina Faso, Gambia, Ghana, Malawi, Mali, Nigeria, Rwanda, Sudan, Uganda and Zambia.

Editor’s note

Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.

                                                                                                      

*Source: AETOS Wire

 

Contacts:

Ruba Abdel Halim

Tel: +97142028450

Email: ruba.halim@dubaichamber.com

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bogus@bogus.com (Concord Essen) Business Tue, 17 Oct 2017 09:58:35 +0000
MICROSOFT & OVAMBA PARTNER TO INNOVATE NATURAL LANGUAGE SOLUTIONS FOR AFRICAN SHORT & MEDIUM ENTERPRISES (SMEs) http://cameroon-concord.com/business/microsoft-ovamba-partner-to-innovate-natural-language-solutions-for-african-short-medium-enterprises-smes http://cameroon-concord.com/business/microsoft-ovamba-partner-to-innovate-natural-language-solutions-for-african-short-medium-enterprises-smes MICROSOFT & OVAMBA PARTNER TO INNOVATE NATURAL LANGUAGE SOLUTIONS FOR AFRICAN SHORT & MEDIUM ENTERPRISES (SMEs)

Ovamba Solutions, Inc. and Microsoft have partnered to develop and produce the first African language driven “chat-bot” designed to serve the millions of African SMEs who face exclusion from Financial Services due to the challenges of functional and business literacy.  The Chat-Bot was conceived, designed and created by Ovamba and Microsoft and will be rolled out via Ovamba’s mobile app, ‘Ovamba Plus’. 

 Ovamba’s President & Co-founder, Viola Llewellyn, and Chief Technology Officer, Prashant Mahajan expressed their innovative ambitions to Josh Holmes, Director of ‘Microsoft Partner Catalyst’ Division at Microsoft’s Seattle, Washington campus.   In delving into the challenges of FinTech solutions on the African continent, Viola Llewellyn explained to Microsoft, “Current banking processes and some FinTech solutions are supposed to help the financially disenfranchised.  Bank solutions, application forms and contracts assume that all SMES are fully literate, and actually end up further alienating those who may not be able to read or speak French, English, Arabic or any other colonial language.  If we don’t address this then we are missing the true promise of FinTech and the opportunity to include the informal sector in GDP count”. {loadposition myposition}

 In response to the opportunity to serve the African Continent, Microsoft put a team together headed up by Shawn Cicoria, Lilian Kasem and Claudius Mbemba to help Ovamba create the chat-bot.  Prashant Mahajan led Ovamba’s tech team on the project and commented on the potential to help the millions who need support to grow.  He commented, “Ovamba has been supporting SMEs with “Growth-As-A-Service®” for the last year and realizes that business training and formal education is a luxury not afforded to some members of Africa’s entrepreneurial sector, and is often taught in western languages.  We can help them to sustain growth by delivering business support and training in the language that they are most used to”.

 Claudius Mbemba shared the Partner Catalyst Team’s enthusiasm for the project on the Microsoft Developer Blog stating, “We plan to continue our work with Ovamba, especially building an African dialect language recognition system to enable application localization and cater to the specific dialects of their customers”.  The team also added, “We look forward to tackling these challenges and more in our future work with Ovamba”.

About Ovamba

Ovamba (www.Ovamba.com) is a US-founded FinTech innovator that develops online platforms and mobile applications to serve Small & Medium Enterprises (SMEs) in emerging markets with short term funding for growth.  Ovamba raises capital from global investors to fund the SMEs and uses its tech to solve business and functional literacy challenges to promote financial inclusion. Ovamba’s application, ‘Ovamba Plus’ is available for Android phones as a download.  Ovamba was co-founded by Marvin Cole and Viola Llewellyn in April 2013.  Ovamba has offices in the USA, Cameroon, India, Mauritius, and Johannesburg.  Expansions are planned for Ghana, Senegal, Sudan and other regions in 2018.   

 

 

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.  The Partner Catalyst Team was created by Microsoft to help exciting tech startups with problem solving tools and solutions to their business and product development challenges.

 

 

 

MEDIA CONTACTS

Belinda Oats

Journalist/Media Consultant

Email: belinda@belindaotas.com

Twitter: @belindaotas

LinkedIn:  Belinda Otas

 

Adeline Sede Kamga

Media Relations

UK: +44 (0) 7961189707

Cameroon: +237-72894006

Email:  adeline.sede@fabafriq.com

INVESTOR RELATIONS

Viola Llewellyn

Co-Founder & President

Email:  viola.llewellyn@Ovamba.com

 

CUSTOMER SERVICE

Pascaline Ndongo

Customer Service & Sales Support

Email:  Pascaline.Ndongo@Ovamba.com

 

 

 

TWITTER: @Ovamba4SMEs 

#GrowthAsAService

#GaaS 

#FinTech

FACEBOOK: www.Facebook.Com/Ovamba

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bogus@bogus.com (Concord Essen) Business Sun, 15 Oct 2017 14:07:36 +0000