Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market met on October 9 in Brazzaville to set prices for Congolese crudes, in particular Djeno Blend and Nkossa Blend, for the third quarter of 2024. ...
In the CEMAC zone, the regulation on the organization and operation of the Central African market, adopted on July 18, 2024 and made public on October 2, 2024, gave rise to a new pricing applicable to the Central African Financial Market Supervisoy Commission CONSUMAF and to the persons, structures or organizations subject to its control. This new grid...
Meeting on October 4, 2024 in Douala the Assa-ac Council of Ministers once again focused on the operationalization of its 2025 vision, the objective of which is to make CEMAC , ” an integrated and emerging economic space, where security, solidarity and good governance reign, in the service of human development”. At the same time, the Council looked at the...
The official ceremony to launch the works of the second phase of the Yaounde-Douala motorway took place yesterday. It was during a ceremony chaired by the Minister of Public Works Emmanuel Nganou Djoumessi For the construction of this infrastructure which covers a linear distance of 141.1 km between Bibodi in Nyong and Kelle and Douala the economic capital...
The Douala Agency of the Bank of Central African States BEAC the economic capital of Cameroon is launching an operation to exchange banknotes for coins. This operation mainly concerns pharmacies, supermarkets, department stores, bakeries and business owners. According to the BEAC Agency in Douala, the exchange of banknotes into coins will take place every Monday, Tuesday...
There was excitement around digital technology from the first day of the FrancoTech Show, which took place on October 3 and 4 at Station F in Paris. Between the stroll of the President of the French Republic, Emmanuel Macron, in the presence of Louise Mushikiwabo, Secretary General of the International Organization of La Francophonie, and...
The Ministry of Mining Industries and Geology organized in Brazzaville, in partnership with the United Nations Development Program (UNDP), a training and awareness-raising workshop for 25 small-scale artisanal mining entities on the process of formalizing small and medium-sized enterprises in the Republic of Congo. Participants were made aware of national tools for promoting their work. The...
Africa’s Global Bank, United Bank for Africa (UBA) has appointed Fonda Fred Fonda as Chief Finance Officer (CFO) for Africa, where he will oversee the bank’s subsidiaries in Central, West, East, and Southern Africa. Before his appointment, he served as CFO for UBA Cameroon. Fonda is a Chartered Certified Accountant (ACCA) by profession with several years...
The Gabon Guarantee Company (SGG) and the Gabon Agriculture and Livestock Company (SAEG) signed a memorandum of understanding on September 30, 2024. This strategic partnership, supported by the Gabonese Strategic Investment Fund (FGIS), aims to facilitate rural entrepreneurs’ access to suitable financing, by strengthening the financial security of agricultural and livestock projects in Gabon. The...
The memorandum of understanding for the completion of work on several oil blocks in Congo was signed on September 27 in Moscow, Russia, between the Minister of Hydrocarbons, Bruno Jean Richard Itoua, and the Vice President of Lukoil, Ivan Romanovsky. The oil agreement provides for a strengthening of cooperation between the National Oil Company of...
Africa Golden Bank (AGB), the 19th Commercial bank on the Cameroonian market, is displaying its ambitions. Three months after launching its activities, the institution is committed to offering services adapted to the varied needs of its customers. With this in mind, it has signed a partnership with the Groupement Interbancaire Monétique de l’Afrique Centrale ( GIMAC )....
The Agency for the Safety of Air Navigation in Africa and Madagascar ( ASECNA ) has a new Director General. Among 6 candidates (Benin, Chad, Burkina Faso, Ivory Coast, Comoros), it was that of Gabonese Prosper Zo’o Minto’o, who was unanimous. He was elected at the end of the 74th Extra-Ordinary session of the Agency’s Committee of Ministers held on...
Arise IIP, a subsidiary of the pan-African group Arise, will develop an industrial and logistics activity zone on the banks of the Dibamba River with an area of approximately 122 hectares. It is within the framework of the implementation of this project that the Director General of the Douala Ports Authority (PAD), Cyrius Ngo’o, and Kumar Mohan,...
Since 2013, AFSIC – Investing in Africa has been the premier event for networking, discussions, and executing investment deals in Africa. Over the past eleven years, it has consistently delivered growth and success for African companies seeking funding and global expansion. AFSIC continues to drive investment into Africa, fostering a strong, sustainable, and innovative future....
At the latest United Nations General Assembly, several African presidents took the stage to emphasize the importance of fair representation for Africa on the UN Security Council, including permanent seats with veto power. Here is an overview of their speeches and the demands made. During the latest United Nations General Assembly, African presidents voiced their...
During its meeting on September 23 in Yaoundé, the Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) shared optimistic economic forecasts for 2024, predicting a growth rate of 2.9% and a decrease in inflationary pressures. The Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) met on Monday,...
His Excellency Carlos Vila Nova; President of São Tomé and Principe; His Excellency Julius Maada Bio President of Sierra Leone; Brice Oligui Nguema President of Gabon; His Excellency; His Excellency Nana Akufo-Addo, President of Ghana; and the Queen Maxima of the Netherlands and others have commemorated the 40th anniversary of the United Bank for Africa...
Gabon is preparing to participate as a guest of honor at the Africa Accelerating 2024 Conference to be held in Canada from November 18 to 20, 2024. Led by the Prime Minister of the Transition, Raymond Ndong Sima, a cabinet meeting was held on September 25 to discuss Gabon’s strategic objectives. This meeting aims to...
