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
02:03
Africa’s freshwater fish under threat as stocks decline
Go to video
US federal government enters shutdown, raising fears of global uncertainty
01:12
White House says Trump supports renewal of African trade initiative due to expire
00:09
UN delegates use fashion to bring culture and tradition to global stage
02:31
Africa takes pride in hosting its first road cycling world championship
02:06
African leaders demand equity and UN reform, decrying marginalization