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
01:27
Ukrainian diplomat calls on Africa to support Kyiv against Moscow
Go to video
Top 10 Guinness World Records held by Africans
01:50
16.5 million displacements recorded across sub-saharan Africa in 2022- report
02:46
Tilapia, the star ingredient at the Lomé culinary event FESMA
01:16
AfCFTA: Effective implementation and reforms to boost growth - IMF report
01:58
9 Senegalese veterans fly back home after France's u-turn on pensions