logoBC
Yaoundé - 23 April 2024 -
Cooperation

SOFRECO chosen to conduct the institutional reform of ECCAS

SOFRECO chosen to conduct the institutional reform of ECCAS
  • Comments   -   Thursday, 08 February 2018 12:09

(Business in Cameroon) - On February 5 and 6 2018, the steering committee for the institutional reform of the Economic Community of Central African States (ECCAS) met in Libreville, Gabon, to review the offers sent by the cabinets which wish to conduct this institutional reform.

According to the meeting’s report, the committee received seven offers. Among those seven, only that of the French firm SOFRECO received the mark of 83.78/100, which is by the way above the 80/100 minimal score. So, the committee reviewed the French firm’s financial proposal which was CFA644.09 million, customs duties excluded.

The report indicated that given the budget of CFA498.9 million, the committee asked the technical secretariat to negotiate a reduction with SOFRECO which finally reduced the proposal to CFA511.07 million. This new amount will be the basis for future negotiations.

 The next steps are the negotiation of a service contract, maintaining a calendar of the institutional reform of this organization which is composed of 11 countries (Cameroon, Central Africa, Gabon, DR Congo, Chad, Congo, Sao Tome & Principe, Angola, Burundi, Equatorial Guinea and Rwanda).

For the record, experts had pointed the obsolescence of October 18 1983, texts during a conference of ECCAS in November 2016, in Yaoundé. They also suggested a revamp of the financial regulation of June 28th 2005, the August 28, 1987 law on secretary staff regulation and its rules of procedures elaborated on July 20th 2006 as well as the procedure manuals.

S.A

cameroon-plans-debut-debt-buyback-on-beac-securities-market
Cameroon's Treasury is planning a debt buyback operation on the public securities market of the Central African States Bank (BEAC) in May. Sources within...
cameroon-investment-forum-wraps-up-with-honors-for-investment-champions
The 4th edition of the Cameroon Investment Forum (CIF), hosted by the Investment Promotion Agency (API), concluded on April 19 in Douala with the...
douala-municipality-takes-legal-action-against-banks-over-loan-guarantee-for-market-project
Douala Urban Community (CUD) filed a lawsuit on November 2, 2023, against Afriland First Bank (AFB), Commercial Bank-Cameroon (CBC), and Sicc Congo...
beac-to-introduce-new-coin-range-to-tackle-persistent-shortage
The Bank of Central African States (BEAC) is set to release a new range of coins in 2024, according to internal sources at the central bank. The...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »