The expected funding of $8,371,060, or approximately 5 billion FCFA, is intended to reward Congo for its efforts in forest conservation and reduction of carbon emissions. This carbon credit should be distributed to designated beneficiaries, in accordance with the Benefit Sharing Plan. The amount of $8,371,060 corresponds to 1,674,212 tCO2 that the country was able...
AFSIC – Investing in Africa 2024 is more than an event—it’s a pivotal opportunity to connect with Africa-focused institutional investors. This year, we are thrilled to introduce our newly updated African Investments Dashboard, a cutting-edge digital platform designed to streamline and enhance your capital-raising efforts. AFSIC – Investing in Africa 2024 is not just an...
According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits and consignments made by the Cdec will continue in accordance with decree n°2011/105 of April 15, 2011. This update of the SGPR is a strict response...
This follows the transfer on September 10 of former employees of Glencore Company before the Westminster Court in London, according to a press release dated August 2, 2024 and signed by the CEO of SNH, Adolphe Moudiki. This is a new turn that the Glencore case is taking, at a time when the former president...
In an unprecedented turn of events, Uganda has etched its name in the annals of the 2024 Paris Olympics by clinching its first gold medal, all thanks to the phenomenal athlete, Joshua Cheptegei. Cheptegei, a celebrated figure in the world of athletics with a gold and silver medal to his name from the 2021 Tokyo...
After 64 years of independence, Burkina Faso is making a historic stride by inaugurating its first national bank, which will also serve as the central bank. This bold initiative is the brainchild of Captain Ibrahim Traoré, who has once again demonstrated visionary leadership. In addition, Burkina Faso has established a Treasury Deposit Service, signaling the...
In a press release made public on July 31, 2024, Louis Paul Motaze set the national opinion on the direction that will be given to the 550 million USD, or approximately 335 billion captured on the international capital market. According to the MINFI, the resources mobilized will make it possible to significantly continue the settlement...
Congo will have to make additional efforts in terms of extractive sector governance, before the next validation of the Extractive Industries Transparency Initiative (EITI) in April 2025. Corrective measures include facilitating consistent supervision by the multi-stakeholder group of the process and regular decision-making. The EITI Board will assess Congo’s level of compliance with the 2023 standard during...
In order to support small and medium-sized national industries, the transitional government, through the Ministry of Industry, signed this week an agreement with the pan-African banking establishment UBA, which has undertaken to create a window dedicated to Gabonese industrialists. In Gabon, small and medium-sized industries (SMIs) should now be better supported. At least, this is...
Strengthening the competitiveness of farmers, cooperatives and agro-industrial companies is the framework for action targeted by the implementation of this banking solution. A pillar of the Cameroonian economy, agriculture is a sensitive area that requires large amounts of funding. By opting for the Agri-Banking solution, Bange Bank has come to submit a personalized financing approach...
The former Secretary of the Ministerial Councils at the Presidency of the Republic Betjol Hiol Charité De Bessombe is the new Chairman of the Board of Directors of the Kribi Ports Authority. The appointment of this senior executive to this position marks an important turning point for the institution which, since the start of its operations...
The sub-regional institution awarded the said mention to the port structure, as part of an investigation into the Observatory of Abnormal Practices (OPA) on the main corridors of Central Africa, the results of which were presented on July 17, 2024. Among the factors that led to the award of this mention, the survey by the...
Following discussions on July 22 with the heads of credit institutions established in Congo, the African Solidarity Fund (FSA) concluded partnership agreements with several local banks and employers’ organizations on July 25 in Brazzaville. A total of seven partnership agreements were signed during the meeting marking the official launch of the FSA’s activities in Congo....
Axelle Saint-Cirel, a talented mezzo-soprano, captivated the world during the opening ceremony of the 2024 Paris Olympics. Her rendition of La Marseillaise, performed from the rooftop of the Grand Palais, was a highlight of the ceremony. This article delves into the exceptional journey of this young artist. Axelle Saint-Cirel, a 28-year-old mezzo-soprano, made a significant...
Tonight, the opening ceremony of the Paris 2024 Olympic Games was a breathtaking spectacle, not only for the 300,000 spectators present on the banks of the Seine, but also for the 4 billion viewers around the globe. At the heart of this global event was French pop star Aya Nakamura, whose performance captivated the worldwide...
CEMAC international Trade Stakeholders have been briefed about the experience of the A d-hoc S ubcommittee responsible for implementing the initiative on Guided Trade of the Continental Free Trade Area (AfCFTA), at the end of the sub-regional workshop on the optimization of the AfCFTA organized in Douala by the United Nations Economic Commission for Africa (ECA)....
The Prime Minister, Head of Government, Chief Dr. Joseph Dion Ngute, has inaugurated the CIMPOR cement plant in Kribi, Ocean Division of the South Region. The inauguration ceremony took place last Friday, July 19, 2024. The Prime Minister inaugurated the cement plant on behalf of the Head of State, President of the Republic, Paul Biya....
The Minister of Energy and Hydraulics, Emile Ouosso, signed, on July 17 in Brazzaville, with the First Vice-President of the State Atomic Energy Corporation (Rosatom) of the Russian Federation, Nikolay Spasskiy, two Memorandum of understanding covering, among other things, the development of micro and hydroelectric power stations as well as the installation of a unit...
