Business Africa
CEMAC Banks received over 7 billion dollars in credit during the first quarter of 2018
Banking institutions within the CEMAC region granted varied loans to the sub-regional economy in the first quarter of last year.
The loans were granted mainly in the short term and reports say large companies were prefered over SMEs.
Cameroon ranks first with nearly $6 billion in credits granted over the same period.
In an interview with a UNIDO-certified expert,Jean-Marie BIADA ,he shared his perspectives on the issue.
Ivory Coast: electricity tariff cuts
Hundreds of households will pay for electricity at slightly lower prices from January ending.
This was one of the promises made by the President of Côte d’Ivoire in his end-of-year speech on priority measures for 2019.
In addition to health, education and access to finance, Alassane Ouattara promised a 20% reduction in the cost per kilowatt-hour of electricity for consumers with 5 amps. A “strengthened social” project worth more than $1.2 billion over the next two years.
Translated by Hawa Suleiman Issah
01:30
UN reports widening global inequality in sexual and reproductive health and rights
01:11
UK man runs the length of Africa in 10,000 miles and 352 days
00:59
British man running length of Africa nears finish line
00:47
We are working on ways to support drought-hit African countries- IMF
01:35
Morocco: Rabab Cheddar chases Olympic dreams while fasting Ramadan
01:58
Putin addresses French president's concerns over Russian presence in Africa