Several inhabitants of Bamenda endorse call to boycott MTN, Orange

Some inhabitants of Bamenda, chief town of the North West region say they are happy with the action taken my many to activate airplane mode on their mobile phones and stay for 2 hours without using the services of MTN and Orange Cameroon this April 24.

The boycott which was called for by musician Kareyce Fotso is aimed at causing the telecommunication companies to improve on their services. Many users of the phone networks in Bamenda say MTN and Orange Cameroon have been providing poor network to users for a long time and never worry about making improvements.

Reacting to the boycott, some inhabitants of Bamenda told CNA that it is a great move because it is a general problem all over the country.

“I think they are very right because there are days that the network here in Bamenda is horrible and you can’t do anything online. At least I thought it is usually only in the North West but if artists in Yaounde and Douala are first to raise this issue, then it is very serious, I’m totally in support,” a resident of Bamenda who preferred to be called Ernest said.

Precious, a student of the University of Bamenda who resides in Bambili says it has been a difficult time for her living and studying in Bambili. She added that in 2019 and 2020 when more than 70% of studies were done online because of covid-19, she faced a lot of challenges because of poor phone network service.

“The situation is worse with us students because you can’t go through these days in the university if you are not online. A lot of assignments and research to be done on the internet. I quickly recall how I failed a course in 2019 after I couldn’t submit my assignment on time because of poor network,” she said.

While some are blaming the telecommunication companies for the situation, some say the first person to be blamed is the silent government.

“To me I don’t have anything to say, the government of Cameroon is the one failing us because the companies are paying their tax. If the authorities are silent on issues like this, then who am I to question? I already have many problems bothering me, no need to add,” another user who opted to be anonymous said.

With the organisation of the boycott, it hoped that these service providers will understand thatthe situation is gradually becoming unbearable and that improvements on the quality of service will their priority.

Source: Cameroon News Agency

Angola Economic Outlook analyses macroeconomic indicators

The indicators of the country’s macroeconomic performance, in light of the reforms boosted since 2018, will be under analysis at the 1st Edition of the Angola Economic Outlook AEO, to be held next Wednesday in Luanda.

According to a press release reached ANGOP Monday, the indicators will be analysed at the event, to be promoted by the Ministry of Economy and Planning in partnership with the magazine Economia and Mercado.

The meeting will also address issues on the macroeconomic reforms developed by the Government to remove internal and external imbalances in the economy.

The debate on the AEO 2023 will have as its starting point the gains made so far, such as resumption of the trajectory of positive fiscal balances and surplus balances on the current account of the balance of payments and the reduction of the public debt stock as a percentage of GDP.

The statement said that measures boost a return to economic growth in Angola, after a long period of recession, were also under analysis.

The statement said that this was the case with the introduction of a flexible exchange rate system that made it possible to adjust the value of the national currency to market conditions, and the deepening of monetary policy instruments, with the adoption of a new monetary system that improved the ability to forecast liquidity flows.

“Participants in AEO 2023 will also examine current challenges and risks and assess strategies that will make it possible to maintain the gains made so far and consolidate the process of recovery of economic activity,” the note reads out.

As part of the next National Development Plan (PDN) 2023-2027, the statement said, the speakers will discuss the need to prioritise programmes that promote human capital, expansion and modernisation of infrastructure and speed up diversification of the economy.

According to the organisation, the event will be opened by the Minister of State for Economic Coordination, Manuel Nunes Júnior.

The panels and debate table will be attended by the Minister for the Economy and Planning, Mário Caetano João, Finance Minister, Vera Daves de Sousa, the governor of the National Bank of Angola, José de Lima Massano, and representatives of international institutions, the business sector and banks.

The 1st edition of the Angola Economic Outlook – AEO 2023, taking place under the slogan, “From economic recovery to sustainable development,” is an economic observation platform that aims to allow investors and other operators to anticipate their decisions based on the projected scenarios

Source: Angola Press News Agency (APNA)