28, October 2017
Ban on General Express Agency: French Cameroun doing their thing 0
The General Express travelling agency suspended for three months is now attempting to change its name.The intercity travel agency was suspended by the Minister of Transport, Edgar Alain Mebe Ngo’o, following a traffic accident on the 23rd of October 2017 on the Yaoundé-Douala Highway that claimed the lives of 15 people and injured several others.
Barely some few days after the decision to ban the company was made public, images have emerged from the Douala bureau of two workers, one of whom is on a General Express bus, posting a new inscription “Defotso”.
Observers have concluded that the management of General Express have decided to rename their agency- a common practice among travel agencies suspended by the Francophone dominated government.
By Sonne Peter with files from Cameroon Info.Net
2, November 2017
French Cameroun: Douala to host CEMAC regional stock exchange 0
During a forum that was boycotted by the Heads of State of Gabon and Congo-Brazaville recently in Chad, the CEMAC zone leaders decided that Douala, the economic metropolis of Cameroon will now host the headquarters of the regional stock exchange of the Central African Economic and Monetary Community (CEMAC).
This is one of the main decisions taken by the heads of state of the subregion, gathered at N’Djamena in Chad at the recent extraordinary summit of CEMAC.
“Considering the issue of the merger of regional and national value exchanges, the conference decided to set the headquarters of the regional financial market regulator in Libreville and that of the regional stock exchange in douala,” read the final statement.
The Conference of Heads of State designated the Bank of Central African States (BEAC) as Central Depository.
In addition, the heads of state decided to unlock 1.7 billion CFA francs. This money will finance a police force to monitor the borders follwoing the lifting of all border checks for all citizens of the 6 countries.
By Chi Prudence Asong, CCN