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...
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...
