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From the 1 of March 2015,Cameroon airport authorities will stop collecting taxes from travelers leaving the country , airport taxes will be included in airline tickets.The new measure is in accordance with the financial regulations for 2015 fiscal year at the Ministry of Finance.

Hencefort, the airport tax collection authorities will be totally dismantled, leaving the responsibility to companies to include in the prices of airline tickets the airport tax , Cameroon Concord gathered the information from the General Directorate of Taxation in Douala ,which was also confirmed by a representative of Airfrance in Douala Cameroon.

This measure is part of the new arsenals contained in the reform of collecting airport stamp duty, enshrined in the 2015 Finance Act The new measure aims to secure the revenue of the state and will have no impact on the performance of airlines , according to Cameroonian authorities.

The inclusion of airport taxes into ticket prices will radically fascilitate boarding procedures at Cameroonian airports.It was highly welcomed by the airport authorities who wondered why it had taken the authorities so long to come up with a solution.

Cameroon concord spoke with a few Cameroonians from the diaspora who are currently spending holidays in Cameroon and they all welcomed the measure and said,they where often embarassed at the airport after heavy spendings during the holiday periods to pay an extra 10.000 fcfa t when leaving the country.

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Ngwa Bertrand

07.Jan.2015

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Chi Prudence Asong

The Dangote cement factory in Cameroon which was supposed to have started production earlier last year has announced that its first bags will be available in the market this January 2015. The expected production is 1.5 million tonnes of cement per year and the director of the project, Baba Abduhallï told local media in Cameroon that the plant is almost ready. Said Baba Abduhalli “We have already received the raw material which come from Tombel”.

Cameroon Concord’s chief economic reporter  revealed that the plant will start production from the beginning of next week commencing with the "test run" process spread over ten days before the product is analyzed and appraised by LABOGENIE. We also gathered that the promoter of the project Nigerian billionaire Aliko Dangote has been making regular trips to the site and has promised to recruit Cameroon mechanical engineers and marketers to join the Dangote group of international work force.

 

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Ngwa Bertrand

06.Jan.2015

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Germany has called on Greece to uphold the terms of its international bailout agreement, a day after reports showed Berlin is ready to let Athens quit the eurozone. The office of German Chancellor Angela Merkel said on Sunday that Berlin expected Athens to stick to the terms of bailout agreement after January-25 snap elections and possible changes in the government.

Merkel has faced criticism over a report suggesting she would be prepared to let Greece exit the eurozone if far-left anti-austerity party, Syriza, wins the vote. Reports emerged Saturday that Merkel and German Finance Minister Wolfgang Schäuble believe the eurozone has reached the point to see the exit of Greece without making trouble for the currency bloc, according to Der Spiegel.

The report also said that Berlin is satisfied with the progress countries like Portugal and Ireland have made in improving their economic situation. Syriza is now leading in the latest opinion polls. Its leader Alexis Tsipras has vowed to end the “unreasonable” austerity measures imposed on his country. Greek Prime Minister Antonio Samaras said on Friday that the upcoming elections would determine the fate of Greece’s membership in Eurozone.

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Ngwa Bertrand

05.Jan.2015

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 NFOR Hanson Nchanji

Cameroon ministry of economy, planning and regional development has made public the 2015 project log book earlier than expected. Many were anticipating that President Biya’s sleeping cabinet would release the log book late. However, a wakeup call from their boss in his previous speeches gave them a warning.  The project log book published online covers the entire nation and enumerates the distribution of public investment budget.

In addition to the security and health considerations, consolidating and strengthening the performance culture of Cameroon's Public Administration is the main priority for this year. This year’s Public Investment Budget, PIB, has an overall budget of 1 150 billion, against 1,000 billion in 2014, an increase of 15%. Also, the 2015 PIB is 30, 7% of the State budget, against 30.2% in 2014, an increase of 0.5 points.

This increase according to the Ministry of Economy is to show government's willingness to implement the decentralization policy by allocating resources mainly foe the local citizens. The PIB focuses mainly on infrastructure sectors, production, education and health, which record 41%, 23%, 19.6% and 12.3% of the overall amount transferred respectively.

 

 

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Ngwa Bertrand

05.Jan.2015

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By NFOR Hanson Nchanji

Unscrupulous bar owners paid a huge price in Yaoundé on Saturday the 3^rd of January when the national syndicate of exploiters of Cameroon beverage accompanied by competent authorities made an impromptu visit to some depots and discovered that some business men had increase prices of beer contrary to governments warning against the hike.

Their depots were sealed pending accompanied sanctions. Since the 2015 finance law increased taxes paid by brewery companies in Cameroon, which saw the modification of excise duty, from 25 to 40%, some bar owners have taken upon themselves to increase prices of beer even without an official statement from the Ministry of Commerce.

The controversy Cameroon Concord gathered came as a result of purchases made last year by some wholesalers who bought lots of drinks and stored them. They are now exploiting the new taxation increase to sell at a new price, which they bought at a discount in 2014.  Some of these wholesalers created shortage to have reason for the increase. The Cameroon government through the minister of commerce has reiterated that there should be no such increase of prices of beer, at least not for now.

The national Union of Cameroon beverage exploiters (Synedeboc) is calling on the Cameroonian government to reconsider its decision on the 2015 finance law. According to body, increasing excise duty without increasing prices is a burden on operators of drinking spots and thus reduce their regular profit margins.

The Cameroonian government is blamed for their Bafia dance; it was the MINCOMMERCE that announced in late 2014 that prices of beer were going to increase but later reversed that decision when wholesalers had already created artificial scarcity.

Brewery companies for their part hold that prices this 2015 remains the same. Consumption of beer in Cameroon has increased by 20 million hectoliters a year, from about 600 in 2012 to 650 millions of hectoliters in 2014. Cameroonians are slaves to beer; they are ready to buy a bottle even at brake neck prices. When prices of fuel increased, they cried foul but when it was rumored prices of beer would increase; no one was ready to raise an alarm.

 

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Ngwa Bertrand

04.Jan.2015

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The government of Cameroon is making a cleanup of its old containers in accordance with a prescription made last November by the Cameroonian Minister of Transport, Robert Nkili, to accelerate the decongestion of the port of Douala.

The dealer of the container terminal at the port area, Douala International Terminal (DIT) has launched on the 28^th December 2014, the transfer operation of containers which have spent more than 90 days to the terminal.

Douala International Terminal (DIT) will transfer nearly 1,000 from the dedicated container terminal of the port of Douala, to a new area of 3 hectares which can accommodate 2,900 twenty-foot containers, housed in the area called CACEU-Cotco. .

According to the statement released by Douala International Terminal, “the transfer will allow the spaces and flow of operations with the following impacts: time saving, reduction of “dwell time”, reduction of intermediate movements of goods handling machines, acceleration of delivery time of containers to trucks, improvement of ships processing, increment of productivity of the terminal with a direct impact on the Cameroonian economy “.

In August 2014, according to the records of DIT, over 1,800 containers are still at the terminal of the port of Douala, which have lasted more than 90 days after landing. At the root of this transformation of the port area in the warehouse by economic operators, the low cost of port storage, compared to those charged by the owners of warehouses outside the port.

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Ngwa Bertrand

31.Dec.2014

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