Business http://cameroon-concord.com Sat, 23 Jun 2018 23:12:25 +0000 Joomla! - Open Source Content Management en-gb Frenchman Alain Ripert appointed new head of BICEC Cameroun http://cameroon-concord.com/business/frenchman-alain-ripert-appointed-new-head-of-bicec-cameroun http://cameroon-concord.com/business/frenchman-alain-ripert-appointed-new-head-of-bicec-cameroun Frenchman Alain Ripert appointed new head of BICEC Cameroun

Formerly the managing director of BICEC, Alain Ripert has been promoted to the position of administrator of BICEC and member of the board of CEPAC in charge of the overseas departments. The news of his departure was already circulating at the end of BICEC’s board meeting on March 23, 2018, but there was no clarification on where he would land. {loadposition myposition}

Nonetheless, he will manage BICEC until the end of August 2018. The departing managing director is being replaced by Sylvain Faure, the current president for market development of BPCE international, the entity to which subsidiaries such as BICEC belongs. The appointment of Sylvain Faure occurs while the group is implementing an exit strategy in Africa and according to analysts; the operation with BICEC is the most complicated for the French Group. Let’s note that Alain Ripert achieved his goals to put BICEC on track. Indeed, speaking during the launch of the renovation works at the headquarters in Douala, he saluted the work of his collaborators and team to whom the group realized a turnover of CFA60 billion and a net profit of CFA10 billion in 2017.

This performance offers him a glorious exit following the discovery of a fraud scheme, which is still being investigated, within the group two years ago. The bank has not yet published the whole figure of its operation in 2017 so it is difficult to assess the real extent of the performance that year.

BIC

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bogus@bogus.com (Concord Newsdesk) Business Wed, 04 Apr 2018 04:40:29 +0000
Ecobank mobile app reaches 4 million users milestone in Africa http://cameroon-concord.com/business/ecobank-mobile-app-reaches-4-million-users-milestone-in-africa http://cameroon-concord.com/business/ecobank-mobile-app-reaches-4-million-users-milestone-in-africa Ecobank mobile app reaches 4 million users milestone in Africa

LOME, Togo, April 3, 2018/ -- The upgraded version of Ecobank’s (www.Ecobank.com) revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million.  

The app builds on the core functionality that saw the original version applauded as a game changer for African banking by using digital technology to combat many of the financial inclusion barriers faced by those on the continent. This includes the dearth of rural branches, affordability of products, high transaction costs and minimum opening balance requirements.

Ade Ayeyemi, Ecobank Group CEO, says Ecobank’s strategic mission is built around using mobile banking to deliver innovative, efficient and cost-effective services to those who have typically sat outside of the formal economy, and therefore goes far beyond the reach of the traditional branch and ATM networks. Subsequently, while the app won one million customers in its first year of launch, upgraded features have seen the rate of sign-ups treble in half of the time. So far this year, app usage has been growing at an average 700k new customers per month.  {loadposition myposition}

“Customers can use the app on their mobile to instantly open Ecobank Xpress Account™, which doesn’t have any account fees, paperwork or minimum balance requirements, or to send and receive money across 33 African countries,” he explains. “Therefore, our app not only removes the barriers that have financially excluded so many Africans but offers next generation functionality to help them send money, make withdrawals or pay for goods and services.”

Patrick Akinwuntan, Ecobank’s Group Executive, Consumer Banking, says that Ecobank is committed to providing all Africans with access to financial services, but doing so in a way that conjoins functionality with convenient, accessible and efficient banking channels, such as the rollout of Ecobank Xpress  Point Agents.

“We want to be the digital bank of choice for all Africans,” he said. “Functionality is one thing – giving our customers unrivalled convenience is another. The Ecobank Xpress  Point Agents that can now be found in your local neighbourhood enable you to deposit money into your app-based Ecobank Xpress Account™ and begin to make digital payments on the app using Ecobankpay. You can also withdraw funds in local currency that may have been sent to you from friends or relatives using our innovative instant transfer or Xpress Cash capabilities.”

The Ecobank Mobile App is available for download from the Google Play Store or Apple Store.

Distributed by APO Group on behalf of Ecobank.

View multimedia content

Media Contact:
Mireille Bokpe-Anoumou
Group Communications
Email: MBokpe@Ecobank.com
Tel: +228 22 21 03 03
 
About Ecobank Transnational Incorporated (‘ETI’ or ‘The Group’)
Incorporated in Lomé, Togo in 1988, Ecobank Transnational Incorporated (‘ETI’) (www.Ecobank.com) is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 17,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. Additional information on Ecobank can be found at www.Ecobank.com

SOURCE
Ecobank

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bogus@bogus.com (Concord Newsdesk) Business Tue, 03 Apr 2018 14:47:45 +0000
Switzerland pumps in CFA3.4 billion to promote renewable energy projects in Cameroon http://cameroon-concord.com/business/switzerland-pumps-in-cfa3-4-billion-to-promote-renewable-energy-projects-in-cameroon http://cameroon-concord.com/business/switzerland-pumps-in-cfa3-4-billion-to-promote-renewable-energy-projects-in-cameroon Switzerland pumps in  CFA3.4 billion to promote renewable energy projects in Cameroon

Switzerland disburses CFA3.4 billion to promote renewable energy projects in Cameroon. This was revealed on March 14, 2018, during the first meeting of the steering committee in charge of the management of this fund in Yaoundé.

During the meeting presided by the economy minister, Alamine Mey, it was revealed that the projects supported by these funds will be constructed by the rural electrification agency (AER). {loadposition myposition}

Let’s note that though the potential exists for solar, biomass and wind energy in Cameroon, they represent only 1% of the country’s energy mix.  

BRM

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bogus@bogus.com (Concord Newsdesk) Business Fri, 16 Mar 2018 05:38:57 +0000
Cameroon launches call for tender to run multipurpose terminal of Kribi deepwater http://cameroon-concord.com/business/cameroon-launches-call-for-tender-to-run-multipurpose-terminal-of-kribi-deepwater http://cameroon-concord.com/business/cameroon-launches-call-for-tender-to-run-multipurpose-terminal-of-kribi-deepwater Cameroon launches call for tender to run multipurpose terminal of Kribi deepwater

 Port autonome de Kribi (PAK) has just launched a call for expression of interest to pre-qualify the companies that are willing to operate the multipurpose terminal of Kribi deepwater port. {loadposition myposition}

Cameroon’s government thus restarts the process it concluded in August 2015 by choosing the group formed by Necotrans and Kribi Port’s Multi Opérators (KPMO) which is a consortium formed by many local companies.

Indeed, due to financial difficulties, Necotrans was unable to fulfill its commitments in the framework of this concession and in January 2018, the country officially declared that company’s default. {loadposition myposition2}

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bogus@bogus.com (Concord Newsdesk) Business Fri, 16 Mar 2018 05:31:54 +0000
Cameroon : Hysacam drops her tools over unpaid arrears http://cameroon-concord.com/business/cameroon-hysacam-drops-her-tools-over-unpaid-arrears http://cameroon-concord.com/business/cameroon-hysacam-drops-her-tools-over-unpaid-arrears Cameroon : Hysacam drops her tools over unpaid arrears

The Hygiene and Sanitation Company dawned their beach duty equipment such as trucks, Caterpillars and general cleaners today, the 12 of March, 2018 over unpaid arrears. This strike action is aimed at putting pressure to bear on the state of Cameroon, so that these unpaid arrears can be cleared.

The two months of unpaid arrears makes work cumbrous and challenging because it's with money that the cleaning of the city is facilitated. These workers went to the head quarters today as early as 5am. " we do the very challenging and assiduously and our work must be valued" We breath in stinking and smelling odour, which is nauseating throughout the day.{loadposition myposition}

We must not be taken for desperado and garbage. No truck shall leave for work today without salaries paid" declared Nestor, one of the workers of Hysacam. It must be noted that it was a peaceful demonstration on the street leading to the headquarters and they weren't blocked. Besides the two months unpaid arrears, the workers also complained about a very long history of irregular payment of salaries, rents,unpaid family allowances,health insurance and other mutual benefits according to Roger Nchoungou Njoundap, one of the staff delegates.

This strike action was carried out without the notifying the employer. According to the trade unionist, it was just a spontaneous reaction of workers who have gone for months without their salaries. A very urgent staff meeting was called for at 5pm by the Director of the Douala branch office. " The employers aren't happy with the attitude of the workers because the Company is going through a very difficult moment.

We are going to go through the third month without salaries. Nevertheless the staff representatives are going to explain to them the procedure. The employers assessed that the procedure is too slow and too long" Work generally got halted this morning" when there was too much work to be done. The Staff representatives collectively wrote a letter the Branch Manager on the 9th of March, 2018,expressing the difficulties that workers go through.

The Branch manager promised informing the General Manager ( Michel Ngapanoun. The General Manager admitted only owing one month of salary arrears and has refused to comment on the issue of the strike before holding a crisis meeting was held a few hours letter.{loadposition myposition2}

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bogus@bogus.com (Concord Newsdesk) Business Tue, 13 Mar 2018 06:01:04 +0000
Cameroon to sanction unlicensed telecom operators http://cameroon-concord.com/business/cameroon-to-sanction-unlicensed-telecom-operators http://cameroon-concord.com/business/cameroon-to-sanction-unlicensed-telecom-operators Cameroon to sanction unlicensed telecom operators

Philémon Zo’o Zame, managing director of Cameroon’s telecommunication regulatory agency (ART) took a step further in the agency’s fight against the unlawful operators in the sector.  

Indeed, the managing director has just published another statement informing that the unlicensed operators could incur fines between CFA100 million and CFA500 million.

He reminded those operators that they were allowed a 6-months deadline from May 2, 2017, to submit their license application.{loadposition myposition}

This deadline has passed and in line with the agency’s mission, a team will check the licenses this month.

 Philémon Zo'o Zame also said that he was amazed to notice that despite the various notices from ART, some operators and added-value suppliers still operate in the telecommunication sector without a license.

BIC

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bogus@bogus.com (Concord Newsdesk) Business Fri, 09 Mar 2018 06:12:16 +0000
Students begin studies in Africa’s first-ever junior management agribusiness training program http://cameroon-concord.com/business/students-begin-studies-in-africa-s-first-ever-junior-management-agribusiness-training-program http://cameroon-concord.com/business/students-begin-studies-in-africa-s-first-ever-junior-management-agribusiness-training-program Students begin studies in Africa’s first-ever junior management agribusiness training program

AGCO, Your Agriculture Company (NYSE:AGCO) (www.AGCOcorp.com), a worldwide manufacturer and distributor of agricultural equipment, and its partners celebrated the launch of the new AGCO Agribusiness Qualification (AAQ) at Strathmore University in Kenya on 6 March 2018.

Twenty students have been enrolled on this brand-new program which is focused on developing the skills, leadership and strategic expertise to drive African agricultural prosperity.

The AAQ is a joint effort between AGCO, Strathmore Business School (SBS) in Nairobi, Harper Adams University in the UK and Kenya-based The Bridge Africa which runs programs to prepare graduates for employment. The qualification delivers an accredited two-year agribusiness program for students aged 20-30 who already hold a degree. On completion of the course, successful candidates may have the opportunity to join AGCO and its partners.{loadposition myposition}

Welcoming guests to the launch event, Gary Collar, AGCO Senior Vice President and General Manager Asia-Pacific and Africa said: “This is an important day for agribusiness education in Africa and I warmly congratulate our new students on gaining their places on the program. The AAQ was initiated by AGCO as a direct response to attract and develop young talent in the crucial agribusiness sector. Together with our partners, we are making a long-term commitment to address the management skills’ shortage. We are determined to foster the expertise required to work successfully in the agricultural supply chain and tackle the current recruitment challenges our industry faces here.”

Chief Guest at the breakfast launch event at SBS was the Hon. Zeinab Hussein, Permanent Secretary for Post Training & Skills Development, Republic of Kenya, who spoke with students enrolled on the course.  

AAQ participant Ernest Muchai remarked: “This program is unique as it has a wealth of experience behind it. I’m interested in enhancing productivity and using technology in agriculture so the AAQ is ideal. The opportunities available in agriculture are massive - not just for people interested in farming but for people who can offer services that farmers can benefit from.”

Fellow student Sharon Waswa adds: “Agricultural mechanization is the missing link between small-scale agriculture and commercial agriculture. By taking part in the AAQ, I hope to be able to help to bridge that gap. The only way that Africa can be transformed is through agricultural sector and this is where the opportunities are.”

The AAQ course syllabus has wide scope covering areas such as agricultural mechanization, leadership skills, business management, agricultural science, marketing and farm management. To provide essential on-the-ground, practical experience for students, the program includes workplace modules with AGCO and its business partners.

Commenting, Nuradin Osman, AGCO Vice President and General Manager Africa, said:

“The AAQ program is a catalyst for change in the agribusiness sector across Africa. We are all very proud and excited to see our vision for a new qualification become reality and wish our new students every success in their endeavours.”

For more information on the AAQ, visit https://goo.gl/uW9if6

To view a video of the students talking about the course and their aspirations for African agriculture, go to https://goo.gl/s9fMQr.

Distributed by APO Group on behalf of AGCO Corporation.

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bogus@bogus.com (Concord Newsdesk) Business Thu, 08 Mar 2018 06:19:04 +0000
Cameroon: CAMAIR-CO. Adds new plane to to its fleet http://cameroon-concord.com/business/cameroon-camair-co-adds-new-plane-to-to-its-fleet http://cameroon-concord.com/business/cameroon-camair-co-adds-new-plane-to-to-its-fleet Cameroon: CAMAIR-CO. Adds new plane to to its fleet

Cameroon: CAMAIR-CO. A new plane to brought in two weeks has the capacity of seventy seats and manufactured in Canada by the Bombardier. On its Tuesday the 27th of February 2018 edition, the daily paper, le Jour announced that within two weeks, the aviation company, Camair-co shall be having a new plane within its fleet.

That's Bombardier Dash8 - Q400. " Acquired through leasing from the Abu Dhabi Aviation " as written on the columns of our brother that the Cameroonian pilots of Camair-co already are in ADI's Abeba, Ethiopia where they have gone to do their flying test aimed at making them qualified. The Bombardier Dash8 -Q400 is a 70 seat plane with a remodeling capacity to carry 78 persons. It's equipped with an engine Pratt & Whitney PW100/150. It should be precised that the engine is a very economical engine as its consumption rate is so low. This new arrival will therefore cut down the cost of maintenance and exploitation, explains a technician of the company.

" Its capacity in terms of speed and multipurpose task promises to complement the usage of the two B 737 hoping that business becomes more fairing " as desired by the management of Camair-co. This new arrival will make up five planes that are within its fleet. Today it has two Boeing B737NG and two MA 60. Revisiting the historic of 2017 of Camair-co, there was an increase in the traffic flow of passengers by 94%. {loadposition myposition} 

To have transported 235686 passengers on domestic flights,as compared to 2016. The company has opted for two segments. There was a mixture of home deserts with the slogan " Cameroon first" This was an added advantage on the regional routes on the campaign named" Cap on the regions " In order for these projects to be realized this year,, the company envisages obtaining a second Bombardier Dash 8- Q400 withing the beginning of the fourth quarter of 2018. {loadposition myposition2} 

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bogus@bogus.com (Concord Newsdesk) Business Sat, 03 Mar 2018 13:48:34 +0000
Over 150 High-Level Speakers to Grace the Africa Trade & Investment Global Summit (ATIGS) 2018 in Washington, D.C http://cameroon-concord.com/business/over-150-high-level-speakers-to-grace-the-africa-trade-investment-global-summit-atigs-2018-in-washington-d-c http://cameroon-concord.com/business/over-150-high-level-speakers-to-grace-the-africa-trade-investment-global-summit-atigs-2018-in-washington-d-c Over 150 High-Level Speakers to Grace the Africa Trade & Investment Global Summit (ATIGS) 2018 in Washington, D.C

WASHINGTON D.C., United States of America, February 28, 2018/ -- Business leaders and prominent personalities are expected to speak at the Africa Trade & Investment Global Summit (ATIGS) 2018 (http://ATIGS2018.com) to be held on June 24 to June 26 at World Trade Center – Ronald Reagan Building in Washington, D.C. The prestigious biennial business conference and exhibition will bring together delegates from more than 70 countries including government delegations, high-profile African leaders, project developers, and international investors. The event has a well-structured format for facilitating direct peer engagement, for more advanced deal-making, showcasing fundable companies, co-investments and financing engagements, strategic partnerships, and business networking.{loadposition myposition}

The 2018 Summit will feature as panelist and speakers a wide array of senior officials and distinguished personalities including, Hon Senator Ike Ekwerenmadu, Deputy Senate President of Nigeria; H.E. Adonia Ayebare, Uganda's Ambassador and Permanent Representative to the United Nations; H.E.Clyde Rivers Ph.D. Ambassador of Republic of Burundi, and Advisor to the President of Burundi; Hon Dr. Ekwow Spio-Garbrah, former Minister for Trade & Industry, and former Ambassador of Ghana to the USA; Hon. Ibrahim Awaal Mohammed, Minister for Business Development in Ghana; Hon. Sebastian Kopulande, CEO, Zambian International Trade and Investment Centre (ZITIC) in Zambia; Andrew Herscowit, Coordinator, Power Africa - U.S. Agency for International Development (USAID) in USA; Asma ALAOU, CEO, Africa Key Partners in Morocco; Arnon Rosenbaum, VP Global Projects, Netafim in Israel; Belarmino Van-Dúnem, Chairman of Angola's Investment and Exports Promotion Agency (APIEX); Maria Goravanchi, Director, Overseas Private Investment Corporation in USA; Dr. Mohamed Doumbouya, Minister of Budget, Republic of GuineaRaj Kumar, Founding President of Devex in United States, Dr. Belachew Mekuria, Industrial Park Division Deputy Commissioner of Ethiopian Investment CommissionDr. Mima S. Nedelcovych, President & CEO of Initiative for Global Development in USA; Pablo Martín Carbajal, Deputy head for African Affairs, and CEO of Proexca, Government of the Canary Islands; Bernadette Fernandes, Founder of The Varanda Network in Canada; Chris Kirubi, Director, Centum Investment in Kenya; Chris Knight, Global Commercial Director for fDi Intelligence, Financial Times Group in UK; Dr. Richmond Annan, President, iRichie Group Inc in USA; Dr. Munir Ahmad Ch, President, Aspire World Investments LLC - United Arab EmiratesDr. Mima S. Nedelcovych, President & CEO of Initiative for Global Development in USA; Joseph Lititiyo, Deputy Executive Secretary ofEconomic Community of the Great Lakes Countries in Rwanda; Matthew Downing, Chairman & CEO, Ethium Group in Australia; Prince Adetokunbo Kayode, President of Abuja Chamber of Commerce and Industry in Nigeria; Vanessa Adams, Director of Strategic Partnerships of DAI in France; Walid Loukil, Deputy Managing Director of Loukil Group in Tunisia; Xoliswa Daku, Founder & CEO, Daku Group of Companies in South Africa; Zekarias Amsalu, Founder and MD of IBEX Frontier, IBEX Financial Consultancy Ltd in Ethiopia, and many more. 

For all speaker’s line-up and for all latest developments. visit www.ATIGS2018.com

ATIGS 2018 will feature unique activities, top rated speakers, and high-level participation. To register for the event, visit www.ATIGS2018.com/eventbrite, and for exhibition, contact ATIGS@gaadvancement.com

Distributed by APO Group on behalf of Africa Trade & Investment Global Summit (ATIGS).

View multimedia content

Media Contact: Melissa Brown, Media Relations, Global Attain Advancement | ATIGS@gaadvancement.com

SOURCE 
Africa Trade & Investment Global Summit (ATIGS)

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bogus@bogus.com (Concord Newsdesk) Business Thu, 01 Mar 2018 16:11:55 +0000
Transparency International: Corruption in Cameroon is on a terrific increase http://cameroon-concord.com/business/transparency-international-corruption-in-cameroon-is-on-a-terrific-increase http://cameroon-concord.com/business/transparency-international-corruption-in-cameroon-is-on-a-terrific-increase Transparency International: Corruption in Cameroon is on a terrific increase

Cameroon according to the latest Corruption index, has lost 8 places. Corruption in Cameroon has been heightened by the current Southern Cameroon's crisis rocking the nation. The security outfits made up of the Police and the Gendarmerie have used it to rob and illegally enrich themselves.{loadposition myposition} Using coercion, intimidation, fraudulent manipulation, threats and illicit incarcerations, these state thugs have made fast trappings from the fall outs of this illegally prolonged curfew. Those collecting the booty is a cartel that involves the Governor of the North West Region, a very mean Administrative officer, a graduate from the junk school for Administrators,tagged ENAM( Advanced School for Public Administrators and Magistracy) Also inclusive in this long list of very stinkingly corrupt officials making capital gain from this crisis are the Generals involved in quelling this Crisis, the Minister Delegate in charge of Defence, Secretary of State in charge of the Gendarmerie and the Secretary of State in charge of National Security. This chain equally involves the Secretary General at the presidency and the minister of Justice. As for the most recent rankings, Cameroon is ranked 25 out of 100 other countries still struggling with corruption.

It's on record that despite the depositions of the new penal code of 2016, that call for heavy sanctions, a lot of instruments that can regulate and control this cankerworm,aren't put in place. Further more its embarrassing to note that LA Republique Du Cameroun hasn't ratified the African Union convention against corruption. The non application of article 66 of the 1996 constitution that calls for the declaration of personal wealth before and after leaving a public office, has made matters worse. Today lots of persons have illegally enriched themselves with state funds as well as the protection of militants of the ruling party using the judiciary. Amnesty International equally frowned at the clamping down on the media outfits that condemn corruption and fraud. However in Africa there are encouraging trends in Senegal and Côte d'Ivoire.

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bogus@bogus.com (Concord Newsdesk) Business Wed, 28 Feb 2018 06:05:04 +0000