Thanks to the discussions already initiated with national and international companies and institutions, we can now refine the modalities of these postponements, the foundation indicates.
According to the foundation, this postponement was due to the fears of the second wave of the coronavirus pandemic. It adds that the 4-day Yaoundé Forum (whose theme is the industrialization of Africa, a key to the emergence of the continent ) presented as the main innovation of PROMOTE2021 is also postponed.
Launched in 2002, PROMOTE (always attended by about 1,000 exhibitors) has quickly become the largest economic gathering in Central Africa, according to its promoters. This postponement delays Cameroonian economic operators’ possibility to forge new business partnerships, barely a month after the launch of the African Continental Free Trade Area (AfCFTA).
Tradex orders 38,100 smart gas cylinders to renew existing ones
(Business in Cameroon) - Turkey-based company Evas Ev Aletleri San A.S. has recently been declared the successful bidder for a contract to supply commercial butane gas cylinders to state-owned oil company Tradex, according to an announcement published by the contracting company.
The Turkish company, operational since 1985, will supply 38,100 gas cylinders (12.5-kg) for XA534.6 million. The said cylinders (to be used under the brand name TradeGaz) show users their actual consumption, unlike the cylinders used by other market players like SCTM, AZA Inc, Kosan Crisplant, Star Gas, Infotech, and Green Oil.
Gabon starts CEMAC roadshow with Cameroon, to ensure the success of its 2021 fundraising operations
(Business in Cameroon) - To ensure success for its public securities issuance program this year, Gabon (which intends to raise XAF885 billion on the CEMAC money market this year) initiated a roadshow in the CEMAC zone. This investors’ wooing operation started on January 13, 2021, in Douala, Cameroon’s economic capital. C
ameroon was chosen to launch these operations because of its dynamic financial center, which hosts a large number of of the subregion’s institutional and individual investors, explained Ulrich Mbadinga, Director of Monetary and Financial Operations at Gabon’s General Directorate of Public Accounting and Treasury.