This is what is revealed in the 2023 activity report for Central Africa published by the French Development Agency, which claims an investment of 1.1 billion euros in Cameroon.A major pillar of CEMAC economies, Cameroon received 43% of the 2.7 billion euros of the portfolio of projects executed as of December 31, 2023 by the...
After three months of activity in 2024, according to the latest Sectoral Economic Outlook Note from the Ministry of the Economy, the consolidated production of extractive activities recorded a decrease of 4.5%, quarter-on-quarter. A poor performance resulting from the fall in manganese production over the period under study. This is all the more so since...
The Aix-en-Provence Economic Encounters emerge as a showcase of innovation and global dialogue. The 2024 edition, under the evocative theme “At the Heart of Innovation,” beckons a deep dive into the emerging technologies and economic strategies that will shape our shared future. This revised article highlights the anticipated discussions on technological innovation, current economic challenges,...
The financing need of these banks is increasingly expressed, to the point where the liquidity offer of 90 billion FCFA issued by the Beac on June 25, 2024; could not satisfy the appetite of the said banks. According to the results published on June 27, 2024 by the banking institution common to the six CEMAC...
Ambassadors from the Economic Community of Central African States (ECCAS) accredited to the United States of America, met recently to fine tune their strategies, in order to give ECCAS more visibility in the United States of America. It was also an occasion for a congratulatory message to be addressed to Cameroon’s Head of State, President...
In his capacity as President of the 14th Ministerial Conference of the World Trade Organization (WTO), Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana, spoke at the plenary session on “Strengthening Food Security through Trade” organized by the WTO in Geneva on Thursday, June 27, 2024. And as part of the 9th Global Review of...
It is a distress call that Yvon Sana Bangui, the governor of Beac, launched on June 24, 2024, reminding the Cameroonian authorities of the need for rapid rehabilitation of Sonara in order to reduce the negative impacts suffered by the sub-region since the fire of May 2019. “Today, all the countries in the sub-region import...
AFSIC – Investing in Africa is wholly focused on accelerating Africa’s economic emergence by matching investment opportunities in Africa transforming Africa’s business, trade and investment environment sustainably growing Africa’s economy and increasing African incomes in all business sectors at a continental scale. AFSIC – Investing in Africa aims to partner with companies that align on...
The Council of Ministers of the Central African Economic Union (UEAC), one of the community entities, approved, on June 20, in Bangui (Central African Republic), the new financial and public procurement regulations. These community standards should breathe a sense of transparency into community institutions. The adoption of the two community texts, the financial regulation of...
Trade in goods and services between the UK and Cameroon is currently valued at £911 million. The UK stands as one of the principal investors in Cameroon, presenting abundant opportunities across various sectors such as infrastructure, renewable energy, natural resources, and tourism. With the Economic partnership agreement between the UK and Cameroon in full force,...
The deployment of elements of the Mixed Brigade from January 1 constitutes one of the main resolutions of the last Interstate Committee of the Economic and Monetary Community of Central Africa (CEMAC) meeting from June 17 to 20 in Bangui , in the Central African Republic. Made up of gendarmes, police officers, customs officers, eco-guards, etc....
The volume of foreign exchange reserves of the Bank of Central African States (BEAC) represents an external coverage of the currency of 78.4%, or 4.79 in months of imports of goods and services, against 4.82 in current month 2023. The sub-region, which should continue its economic reforms, intends to maintain efforts to repatriate export revenues...
Arise Integrated Industrial Platforms (Arise IIP), a subsidiary of the pan-African Arise group, has revealed its plan to develop a 500 hectare industrial and logistics zone on the banks of the Dibamba River in Missole I, near Douala, the economic capital of Cameroon . This project, unveiled during a meeting to launch the information and...
Gabon is taking a decisive step in controlling its energy resources with the finalization of the acquisition of Assala Energy by the Gabon Oil Company (GOC), according to an announcement from the Carlyle group on June 21. The transaction, which ends months of negotiations and international rivalries, underlines the country’s commitment to strengthening its control...
The Afreximbank 2024 Annual Meetings and the 3rd Africa -Caribbean Trade and Investment Forum took place from June 12 to 15, 2024 in Nassau, Bahamas. During these events, Kanayo Awani, Executive Vice President of Afreximbank, in charge of the Intra-African Trade and Export Development Bank signed with Jean Paterne Megne Ekoga, Vice President of the States Development...
The Minister of Industrial Development and Private Sector Promotion, Antoine Nicéphore Fylla Saint-Eudes, signed, on June 21 in Brazzaville, protocols of intent with three industrial companies established in Congo, with a view to supporting them in developing and diversify their activities. The three companies are Dangoté Cement, LGRP, specializing in the processing of plastic objects,...
The 71st edition of the Cannes Lions International Festival of Creativity in 2024 was a resounding success, showcasing the pinnacle of advertising and creative communication from around the world. French agencies like Publicis Conseil and Marcel made headlines with their innovative campaigns, while the festival’s new Luxury & Lifestyle category highlighted creativity in the luxury...
Cameroon’s state budget has increased by 538 billion FCFA (about 880 million U.S. dollars), we learned Thursday from an order signed by the president of the Paul Biya Republic. The presidential order modifies and supplements the 2024 finance law passed in December 2023. The state budget thus increases from 6,740.1 billion FCFA to 7,278.1 billion...
