The Special Council Support Fund (Feicom) recorded an impressive balance sheet for the year 2023, with revenues reaching 293.4 billion FCFA. This figure marks a significant increase of 57.5 billion FCFA compared to 2022. This financial dynamism, supported by tax reforms and efficient management, bodes well for the financing of projects of decentralized local authorities...
The information contained in the 2023 activity report of the Central African Stock Exchange highlights the essential role played by the Cameroonian Regional Bank. According to the Bvmac activity report, 248 successful movements were recorded in the equity compartment in 2023, compared to only 187 in 2022. As a result, the total value of transactions...
On October 30, the American government granted grants of $140,000, or 85 million CFA francs, to eighteen Congolese NGOs in Brazzaville. This aid will enable the beneficiary NGOs to carry out their projects with a view to contributing to the empowerment of Congolese communities, particularly disadvantaged ones. s part of the Ambassador’s Self-Help Funds and the...
The 29th edition of the Salon du Chocolat opened its doors to the public on October 30th at Porte de Versailles in Paris. This year’s event features innovative and diverse recipes, authentic demonstrations starting from the humble cocoa bean, and unimaginable chocolate-based shows and parades. With 60 countries showcasing their expertise, visitors of all backgrounds, especially chocolate enthusiasts, will find the event to be a celebration like no other, filled with a festive atmosphere and rich exchanges. A Chocolate Wonderland Chocolate like you’ve never seen it before. Whether shaped as hammers, princesses, or old-fashioned irons, every means is employed to captivate the numerous visitors at the Salon du Chocolat, which opened on October 30, 2024, at Porte de Versailles. For five days, acclaimed chefs, top-tier pastry chefs, exceptional confectioners, and cocoa producers will share tips, recipes, and culinary advice based on chocolate and its derivatives. They’ll even delve into the intrinsic knowledge of this well-known delicacy. A Treat for Every Taste and Budget Despite not being the most consumed food globally, dark chocolate, white chocolate, nougat, rum chocolate, and raspberry chocolate, to name a few, remain highly appreciated and accessible to all budgets at the Salon du Chocolat, delighting gourmets of all kinds. To be part of the chocolate extravaganza, one must budget between 8 to 42 euros, depending on whether you are a child, adult, or visiting as a family. Beyond Tasting: A Platform for Exchange The Salon du Chocolat is not just a tasting event. It is also a platform for exchanges and B2B interactions where attendees can also make great business deals.
Access Bank, a wholly-owned subsidiary of Access Holdings Plc, is a leading full-service commercial bank operating across a vast network of over 700 branches and service points spread across 3 continents, 22 countries, and serving over 60 million customers. With more than 28,000 employees spread across its operations in Africa, the United Kingdom, and Europe,...
Central African economic leaders, gathered in Douala under the Union of Central African Employers (UNIPACE), call on governments to act in the face of failing infrastructure, unbalanced taxation and weak economic integration. A union for development is essential to stimulate inclusive and sustainable growth in the region. It was in Douala, Cameroon’s economic capital, that...
The Central African Stock Exchange (BVMAC) continues its growth, with a 13.5% increase to 1,633.7 billion FCFA in June 2024 in the market capitalization of all listed securities compared to 1,439.3 billion FCFA a year earlier. In its latest 52-page report on the monetary policy of the sub-region, the Bank of Central African States...
The National Mining Company of Cameroon (Sonamines) marks a step forward in the management of mineral resources by transferring 420 kg of gold to the public treasury. This transfer, corresponding to 224 ingots, strengthens national reserves and illustrates the State’s desire to maximize tax revenues from artisanal mining. Sonamines, created in 2020 to structure the...
The global film industry is undergoing a profound transformation thanks to artificial intelligence (AI). This technology is revolutionizing not only the production and distribution of films but also the way content is created and consumed. AI has the potential to overhaul every stage of film production. Tools like ChatGPT and Midjourney can generate scripts, storyboards,...
Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), and the Founder of The Tony Elumelu Foundation (TEF), will co-chair the New African Summit, at the upcoming eighth edition of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. Elumelu and other global financial business leaders will headline the FII Opening Plenary...
By Nicholas Norbrook Fresh from meetings with Senegal’s President Faye and Aliko Dangote, and about to celebrate 40 years of banking in the US, UBA chair Tony Elumelu expands on his vision for ‘joining the dots’ across the continent and the world. Tony Elumelu, the ever-kinetic proponent of Africapitalism, advocates for wealth- building within Africa...
Our team had the privilege of sitting down with Landry Nguetsa, the lead actor in the biopic about the legendary Jean Miché Kankan, whose real name was Dieudonné Afana Ebogo. Landry shared his enthusiasm for the project and the honor he felt in portraying such an authentic and iconic African comedian. How did you get...
The BRICS 2024 Summit, held in Kazan, Russia from October 22 to 24, showcased significant discussions and resolutions aimed at bolstering multilateralism, economic development, and global security. This landmark event brought together influential leaders, including Russian President Vladimir Putin, Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, South African President Cyril Ramaphosa, and Egyptian...
Kribi Conteneurs Terminal (KCT), manager of the Kribi Port Container Terminal, is continuing its expansion with a colossal investment of 70 billion FCFA for the acquisition of new equipment and infrastructure. This modernization aims to strengthen Kribi’s position as a strategic hub for regional and international trade, while respecting environmental standards. On October 14, 2024,...
Cooperation between the two countries has strengthened in recent years, thanks to the notable commitment of Russian companies in the oil and gas sector in Congo. After a meeting with the Minister of Hydrocarbons, Bruno Jean Richard Itoua, on October 22 in Brazzaville, the Russian ambassador, Illias Iskandarov, spoke of the need to implement ongoing...
5 Billion CFA frs is the amount that will help students realise their school projects at the ICT University in the days ahead. This announcement was made public by Professor Victor Mbarika, Founder and President of board of trustees of the ICT University, at the 14th edition the of matriculation ceremony baptised as George Mbarika...
The various documents of the 2025-2029 strategic plan of the National Commission for Transparency and Accountability in Public Finance Management (CNTR) were validated by the stakeholders involved in the implementation of the transparency code during a workshop organized from October 17 to 19, in partnership with the United Nations Development Program (UNDP). Participants in these three days of work...
During a meeting with the Minister of Mines, Gilles Nembe, the Collective of Quarry Operators, represented by Vanessa Ngabama, advocated for the creation of a special status for Gabonese operators. The minister promised to accelerate the issuing of permits and to establish a legal framework to structure the sector. On October 18, 2024, the Collective...
