GICAM and the AFD partner to elaborate the first Central African Corporate Governance Code
The aim of the Corporate Governance Code will notably be to promote a business environment conducive for investments. Good governance is a key factor that ensures businesses’ continuity and is also an added value for them.
It helps establish confidence in the management and the monitoring of companies’ operations. It is also a good way to help limit financial risks for investors and lenders,” the GICAM indicated
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According to the terms of the partnership agreement, GICAM, which is the largest employers’ grouping in Cameroon, will develop the code in close collaboration with companies and authorities while international consulting firm Nestor Advisors will provide technical assistance. As for PROPARCO and the AFD, they will provide financial assistance
(Business in Cameroon) - On January 28, 2021, the Common Court of Justice and Arbitration (CCJA) of the Organization for the Harmonization of Business Law in Africa (OHADA) rendered its decision in the case (since 2019) between the Port Authority of Douala (PAD) and a consortium formed by Bolloré and APM Terminals, a subsidiary of the Maersk Group.
Indeed, on February 27, 2020, the PAD appealed against the order issued on December 31, 2019, by the Administrative Court of the Littoral to suspend the creation of a delegated authority for the management of the container terminal of the Port of Douala.
At the end of a hearing in the framework of that case, the CCJA rejected the appeal lodged by the PAD and condemned it to pay the costs .