For the populations to benefit from the energy available in Nachtigal it had to be transported. A contract for access to the electricity transmission network was signed between the producer of Nachtigal’s electricity and the National Electricity Transmission Company. The partnership was initialed between Sonatrel and NHPC on September 23, 2024, in Yaoundé, under the gaze of Gaston...
As the controversy over telecom quality of service continues, MTN Cameroon said this week that fibre destruction has increased by more than 40% this year compared to the previous year.Following previous disruptions to phone and data services, the company highlighted worries over the state-owned Camtel’s monopoly on the administration of the national optic fibre backbone....
Cameroon has significant mineral resources that are very little exploited. This is the case, for example, of the iron ore deposits of Ngovayang, Ntem and Djoum III in the South region and the gold deposits of Bibemi in the North region. The government is now determined to exploit these various deposits. On September 19, 2024 in Ebolowa, Fuh Calistus...
Three items were on the agenda. In particular, the establishment of an Islamic Window; the implementation of the Real Estate Program and the examination of several information notes. Following a meeting of the Board of Directors held on September 18, the Bank’s directors approved the establishment of an Islamic Window for the financing of projects....
Among the topics discussed during the recent exchange between Oligui Nguema and Achim Steiner, UNDP Administrator, the need for Gabon to develop its digital ecosystem, which provides jobs and creates wealth, figured prominently. The UN organization is ready to support the country in this regard. Present in New York as part of the 79th United...
As Gabonese people continue to suffer from power cuts and irregular water supplies, the ruling military announced the creation of a monitoring committee for a recently launched plan that is supposed to resolve these problems by the end of 2025. Launched some time ago by the Presidency of the Republic with the aim of “strengthening the...
The China Oil Natural Gas Overseas Holding United company obtained two exploitation permits last January, including that of Conkouati known for its proximity to the eponymous national park. During a stay in Beijing in China, the Minister of Hydrocarbons, Bruno Jean Richard Itoua, discussed the progress of the projects with the head of the China Oil Gas...
African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy transition central to the discussions at this year’s United Nations General Assembly (UNGA), taking place late September in New York. Elumelu will call for urgent action in a series of engagements, including a roundtable discussion at the Clinton...
The African Development Bank ‘s portfolio in the road infrastructure sector in Cameroon is approximately 825 billion FCFA (824,800,696,496 FCFA). The AfDB is thus positioned as the country’s leading technical partner in this area. Taking part in the recent Transport Forum, Emmanuel Ngannou Djoumessi , Minister of Public Works, pleaded with the Bank for an increase in its investments in Cameroon, during the...
In the first half of 2024, Cameroon is expected to see a significant drop in its oil revenues, threatening the government’s target of 801 billion FCFA for the year. Factors behind this underperformance include falling global prices and declining production. Cameroon is facing a worrying decline in its oil and gas revenues in the first...
Mali Welcomes Acclaimed Author of the Wouten Saga, Emphasizing the Role of Literature in Cultural Identity and Resilience. Mali recently had the honor of hosting renowned author A.C. Tchoussik Ngalieu, the creative mind behind the famous Wouten saga. This event marks a significant milestone in the international recognition of this talented writer, whose work delves...
The Former Director of internal audit of Bange SA, takes the reins of the Cameroonian subsidiary of the Equatorial Guinean bank. His appointment comes in a difficult context, three years after the launch of the bank on the Cameroonian market, where it is struggling to establish itself in the face of fierce competition. Change at...
The parts for the assembly of the plant, which has a capacity of 5 million tonnes per year, are being manufactured, three years after the official start of work on the new refinery by the Chinese company Atlantique Petrochimique, a subsidiary of Beijing Fortune Dingheng Investment. The manufacturing plant for the assembly parts of the...
The amount allocated by the Islamic Development Bank to the leader in finance in Cameroon is part of post-Covid19 financing and will support small and medium-sized enterprises. According to the communication department of the Cameroonian private bank, the role of Afriland First Bank as an executing agent will consist of supporting and assisting the Government...
Through a week of events from September 7 to 13, 2024, CCA-Bank is highlighting bancassurance in the cities of Douala and Yaoundé. This initiative aims to raise awareness among populations about bancassurance products, in particular the CCA Santé and C-Sécur solutions, while strengthening the bank’s performance after a year 2023 marked by strong growth. CCA-Bank,...
President Paul Biya has officially awarded Camalco, a subsidiary of Australian Canyon Resources, the permit to exploit the Minim-Martap bauxite deposit. This major mining project, worth $2 billion, is expected to make Cameroon a major player in the global bauxite market. However, experts have reservations about the economic benefits for the country. Cameroon has taken...
The Autonomous Port of Douala (PAD) and the Chamber of Agriculture, Fisheries, Livestock and Forestry (CAPEF) are intensifying their cooperation to modernize Cameroon’s port infrastructure. This collaboration mainly targets two major projects: the construction of a fishing quay at the Port of Limbe and the development of a central warehouse for the storage of export...
The National Order of Chartered Accountants of Congo (ONEC-C) organized, from September 5 to 6 in Brazzaville, a training session for accountants on international public sector standards (IPSAS) which aim to improve the quality of financial information of entities in the said sector. The seminar participants were refreshed on the accounting of fixed assets and inventories, the...
