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...
On 19 October 2024, Ecobank Cameroon celebrated “Ecobank Day” under the theme “Transforming Africa through Education: Boosting Learning with AI”. The day was marked by a panel discussion bringing together experts, government officials and students, highlighting the potential of artificial intelligence in education. In her opening remarks, Gwendoline Abunaw, Managing Director of Ecobank Cameroon, highlighted...
Cameroonian telecommunications operator, Camtel, posted a record net profit of 11.1 billion FCFA in 2023, marking a turning point in its history with a dividend payment to the State, despite persistent operational challenges. Cameroon Telecommunications (Camtel) achieved an unprecedented performance in 2023, posting a net profit of 11.1 billion FCFA, an increase of 23% compared...
On October 19, 2024, CCA Bank inaugurated its new headquarters in Douala in the presence of influential personalities such as Louis Paul Motaze, Minister of Finance, and Samuel Eto’o Fils, President of the Cameroon Football Federation. This event marks a key milestone for this financial institution that has become a major player in Cameroon, with...
In a remarkable return to MMA, Francis Ngannou delivered a breathtaking knockout against Renan Ferreira at the PFL: Battle of the Giants event in Riyad, Saudi Arabia. This victory, dedicated to his late son Kobe, underscored Ngannou’s unmatched power and resolve. Tonight, Francis “The Predator” Ngannou made an indelible mark in his MMA comeback by...
I am a proud Nigerian and a proud African. I am also a philanthropist and entrepreneur—and I have seen firsthand that to effectively tackle climate change within the African context, from Egypt to Nigeria to South Africa, we must look to the people it impacts. Too often our businesses have not created value on our...
The Islamic Development Bank (IDB) has planned a first disbursement for the Cameroon-Chad Electricity Grid Interconnection Project (Pirect) before the end of 2024, as part of a total financing of 80.5 billion CFA francs. The Cameroon-Chad Electricity Grid Interconnection Project (Pirect) is making significant progress with the announcement of a first disbursement from the Islamic...
The Ministry of Budget, Public Accounts and Public Portfolio organized, on October 15, at the International Conference Center of Kintélé, the first day of the budget controller. It aims to improve their skills in order to better control and guide public spending. More than two hundred financial controllers working in various public administrations took part...
Cameroonian hydrocarbon giant Tradex is preparing to invest in the Congolese market. This expansion is part of an ambitious development strategy that has already borne fruit in several countries in the region. After conquering Cameroon, the Central African Republic, Chad and Equatorial Guinea, Tradex is preparing to establish itself in the Democratic Republic of Congo....
Discussions between the Ministry of SMEs and the Cameroon Business Association (GECAM) resulted in the development of a joint roadmap for the two institutions, for the period 2024-2026, with a view to boosting the Cameroonian entrepreneurial ecosystem. According to the Ministry of SMEs, this framework for collaboration is based on the observation that SMEs constitute...
The Airports Council International Africa (ACI-Africa) company opened, on October 14, in Brazzaville, with the support of Aérco (Aéroports du Congo), a special training course for African technicians in the field, with a view to strengthening their operational skills in airport security audits. About twenty technicians selected from eight airports in the ACI Africa area...
On October 19, 2024, CCA Bank will celebrate the inauguration of its impressive new head office located at Rue Joss in Bonanjo, Douala. This state-of-the-art 15-story building represents a significant milestone for the bank, which is committed to enhancing services for both local and international clients. The new office will coordinate operations across 54 active...
On October 11, the players in the national oil market agreed on the price of a barrel of crude oil at 78.59 dollars, representing an average quarterly differential of -0.34 dollars per barrel. The prices of the reference crudes were readjusted to 75.99 dollars for Djeno Blend , 78.12 for Nkossa Blend and 81.67 for Yombo. Congolese...
The Council of Ministers of the Union of Central African States (UEAC) held its 42nd ordinary session in Bangui, Central African Republic, on 11 October 2024. The bulk of this year’s session was devoted to examining and adopting the draft budget for the year 2025. From 7 to 8 October 2024, the inter-State committee examined...
By the end of the decade, Africa will see the emergence of world-class airports, while existing ones will undergo significant upgrades. This strategic positioning is crucial for a continent attracting global tourists and fostering regional and international commercial development. By the end of the decade, world-class airports are set to rise across Africa, while existing...
The Managing Director of the National Hydrocarbons Company (SNH), Adolphe Moudiki, reiterated his impatience to see the judges of the Special Criminal Court (TCS) finally open the investigation in Cameroon, as part of the prosecution of the accomplices of the Swiss multinational Glencore, accused of corruption in the country. Adolphe Moudiki’s statement echoes the pre-trial...
On October 8 in Brazzaville, Prime Minister Anatole Collinet Makosso chaired the opening ceremony of the annual general assembly of the Union of Economic and Social Councils and Similar Institutions of Africa (Ucesa) , coupled with the Conference on “environmental issues and sustainable development in Africa .” The stakes being, among others, the examination of the activity report, the draft strategic...
The United Bank for Africa, UBA, is in the process of recapitalization which gives investors across the globe and Cameroon in particular where it has a strong hold chance to reap big. The Bank is said to have already tabled its application for the recapitalization process at the Security and Exchange Commission, SEC. The approval...
