Cameroon: Despite oil and security crisis, Treasury Department rakes in 1.2 trillion in earnings in the first half of 2015

(Business in Cameroon) - The downturn in global oil prices on the international market and the security challenges at the borders with the Central African Republic and Nigeria, which are slowing the performance of the tax and customs administrations, did not seem to affect the Treasury Department. Indeed, in the first six months of 2015, the government was able to raise 1.2 trillion FCFA in revenue, surpassing initial forecasts by 100 billion FCFA, according to Ministry of Finance statistics.

“Cameroon has the advantage of being a country with a diversified economy. Although oil is a part of our budget, it represents around 20% of our revenue. This allows us to say that, with 80% of revenue from domestic taxes, Cameroon is able to face external issues,” explained the Cameroonian Finance Minister, Alamine Ousmane Mey (photo), in the margins of the last board meeting of Banque des Etats de l’Afrique centrale (BEAC).

Ivorian group Atlantique to build a cocoa processing factory in Cameroon

(Business in Cameroon) - Kone Dossongui, Ivorian head of Atlantique (Atlantic Télécom, Atlantic Financial Group) already present in Cameroon through the bank of the same name, was received on July 29, 2015 in Yaoundé, by the Cameroonian Minister of Economy. The Ivorian businessman came to present to Minister Nganou Djoumessi the progress of his plan to create a cocoa consortium in Cameroon.

It is an agro-industrial project in three parts, including the creation of cocoa farms in the country, the construction of a cocoa processing plant and the setting up of a producers’ association.

The project has been so well received by the Cameroonian authorities that it falls in with plans to revive the cocoa-coffee sector, adopted by the Cameroonian government in September 2014. Implemented at the start of 2015, the plan aims to produce 600,000 tonnes nationally by 2020 against the current annual average of 200,000 tonnes.

http://www.businessincameroon.com/agriculture/0708-5558-ivorian-group-atlantique-to-build-a-cocoa-processing-factory-in-cameroon

Africa: A continent of opportunity for pharma and patients

by McKinsey on 03 August 2015

The value of Africa’s pharmaceutical industry jumped to $20.8bn in 2013 from just $4.7bn a decade earlier. That growth is continuing at a rapid pace: we predict the market will be worth $40bn to $65bn by 2020.

That’s good news for multinationals and pharmaceutical companies seeking new sources of growth as developed markets stagnate. It’s also good news for patients, who have gained access to medicines previously unavailable on the continent. Yet it isn’t enough to know where the industry’s next growth engine can be found. Leaders must also understand what is driving growth, what challenges they are likely to face, and how to collaboratively work with health systems to win in this complex environment.

What’s driving growth

Africa’s pharmaceutical markets are growing in every sector. Between 2013 and 2020, prescription drugs are forecast to grow at a compound annual growth rate of 6%, generics at 9%, over-the-counter medicines at 6%, and medical devices at 11%. Three factors are driving this growth:

Urbanisation. Africa’s population is undergoing a massive shift. By 2025, two-fifths of economic growth will come from 30 cities of two million people or more; 22 of these cities will have GDP in excess of $20bn. Cities enjoy better logistics infrastructures and healthcare capabilities, and urban households have more purchasing power and are quicker to adopt modern medicines.

Healthcare capacity. Between 2005 and 2012, Africa added 70,000 new hospital beds, 16,000 doctors, and 60,000 nurses. Healthcare provision is becoming more efficient through initiatives such as Mozambique’s switch to specialist nurse anesthetists and South Africa’s use of nurses to initiate antiretroviral drug therapy. The introduction of innovative delivery models is increasing capacity still further.

The business environment. To create a more supportive environment for business, governments have introduced price controls and import restrictions to encourage domestic drug manufacture; required country-specific labeling to reduce counterfeiting and parallel imports; and tightened laws on import, wholesale, and retail margins. In the pharma industry, meanwhile, pharmacy chains are consolidating, horizontal and vertical integration is on the rise, and manufacturing is expanding. A flurry of mergers and acquisitions, joint ventures, strategic alliances, partnerships, and private-equity deals are further extending Africa’s markets.

What it takes to win

Read on:http://www.howwemadeitinafrica.com/africa-a-continent-of-opportunity-for-pharma-and-patients/50869/

Brought to you by: The Anzisha Prize

For many African women, the opportunities for becoming an entrepreneur and growing formal businesses are even scarcer than for their male counterparts.

Women typically struggle more with accessing loans from banks and other financial institutions in many African countries, and are often not given the same opportunities in education due to beliefs around traditional roles of men and women. For many low-income families, when given the choice to send either the son or daughter to school, the son is typically given preference.

This year, only 27% of applicants for the Anzisha Prize were women. However, one country stands out – Rwanda. While its small population meant overall number of applications from the country was only a fraction of Nigeria’s, what was interesting is that close to 60% of applicants were women.

This seems to represent the country’s overall focus around women empowerment. After Rwanda’s genocide in 1994, women made up 70% of the population, and President Paul Kagame has since introduced a number of initiatives to support women in business, education and politics. In fact, Rwanda has caught the attention of international media over the years for being the only country in the world to have more women members of parliament than men.

“It is exciting to see Rwanda take such progressive steps. Women empowerment has considerable benefits for any economy’s growth and development, and we hope that other African countries follow Rwanda’s example,” says Grace Kalisha, senior programmes manager at the African Leadership Academy.

In celebration of Rwanda’s impressive proportion of women applicants, The Anzisha Prize has highlighted some of these entrepreneurs below.

IMPORTANT NOTE: Finalists for the Anzisha Prize, Africa’s premier award for its youngest entrepreneurs, have not yet been announced. The entrepreneurs profiled below have been selected randomly, and are not necessarily winners.

Continue reading at http://www.howwemadeitinafrica.com/rwandas-young-inspiring-women-entrepreneurs/50925/

PROMOTE 2014- 5th International Exhibition for Enterprises (SMEs) and Partnerships, Yaounde- Cameroon.

INNOVATION AT PROMOTE 2014

MATCH-MAKING SERVICE, providing lounges and operated by professionals, is devoted to forge face-to-face contacts throughout the exhibition (B2B, networking, Thematic aperos, debates, guided visit to enterprises).
This service is designed for exhibitors in priority. Non exhibitors can benefit these networkings sessions. Meetings can be planned in advance (See form D). The match-making service contracts specialized collaborations with major members based organisations, professional associations, public and private specialized agencies.

The dialogue private sector – public sector is brought to the fore. Governmental institutions viz ministries, regional and international institutions present in Central Africa are encouraged to formulate innovative participation in PROMOTE.

Debates are hosted in the diverse halls of the Conference Center and are initiated by exhibitors on a specific debate topic open to the general public, addressing a targeted audience or their clientele.
The Organizer joins issue with private and public partners and encourages the holding of significant unifying themes on regional integration and economic assets and opportunities in Central Africa.

Trade Missions at PROMOTE will be provided a customised meeting lounge.

FEATURING KEY STRATEGIC SECTORS
• Health
• Agriculture and Agro-industry
• Energy
• Industry and Mining
• Transports
• Building and Public Works
• Finances, Micro-Finance and Insurances
• Manual Trade and Craft Industry
• Tourism and Leisure
• Communication, Media and ICT
• Telecommunication
• Services and Maintenance
• National, Intra / Inter-Regional, and International Trade

Services for VIPs and Visitors
• VIPs thus exhibiting companies’ Senior Executives are offered a distinguished welcome with limousines and drivers.
• Shuttles are available for visitors from the venue entrance.
• Personal or function vehicles are prohibited on site except service vehicles (security, safety, welfare facilities)

Access Monitoring by Barcode : The managing staff of exhibiting companies are granted 4 security barcode badges for a permanent access to the venue during opening hours.

http://www.salonpromote.org/index.php/en/pr%C3%A9sentations-du-salon/l-organisationdusalon.html

From Urbana, Italy to Cameroon to construct a road

“The Italian company Edilitalia and partners have won a contract of € 6 million in Cameroon and is now concluding other contracts in Iraq”

“The Italian company Edilitalia has won a contract of € 6 million, and are now concluding other contracts in Iraq”

The construction sector in Italy is in crisis? It should then seize the opportunities offered by the global market. A Six million Euros subcontract of road works, relating to the tracking and preparation for the paving of 20 kilometers of an artery in the North West Region of Cameroon was awarded to ATI GREAT WORKS Sarl, Cameroon, a joint venture between Mr. NTUBE FELIX EWANE and the Italian Companies EDILITALIA of Roberto and Lorenzo Carpi, CLS CONTRACTORS of LUIGI and STEFANO CALVARESI and the Engineer of Montagnana, UMBERTO ZERBINATO.

The works began last November and will be completed in seven to eight months. The project site is located at Akum, on the outskirts of the city of Bamenda .The tarred road will enable the disenclaving of several villages and ease movement for the inhabitants of the villages therein and the region as a whole.
The Italian companies found in their Cameroonian partner, Felix Ewane Ntube, a very serious and respectable person who through his knowhow and contacts facilitated their access into the Cameroonian Market. Mr. Ntube who lives with his family in Ferrara, Italy, knows the skills of these companies and thus gave them the confidence to work together.

 

Support for the operation also came from the Italian Embassy in Yaounde, in particular from the first Counselor Nico Longo who was pleased to know that the contract would be signed with  the local contractor, Mr. Eric Njong of SOCIETE BUNS ,one of the biggest constructors in Cameroon with whom was established an immediate feeling .Mr. Longo who is a friend to Mr. Njong emphasized that even in business human relationships are fundamental and indispensable .

Edilitalia is actually rounding up some import contracts Iraq where it has signed two joint ventures with local companies. Edilitalia is also considering entering the market of Libya and Senegal, in particular for the construction of numerous residential buildings with prefabricated technology in partnership with Ma.Bo. Group of Bibbiena, Italy.