These amounts showed a downward trend between the first quarters of 2023 and 2024 according to the Long and Medium Term Economic and Budgetary Programming Document 2025-2027 published by the Ministry of Finance, in view of the Budget Orientation Debate in the National Assembly. According to the document published by officials of the Ministry of...
The cargo loaded this Friday under the supervision of the Minister of Commerce from the port of Douala-Bonabéri, thus constitutes the first export from Cameroon under this project. It will benefit, as such, from the preferential customs tariff of the African Continental Free Trade Area. A ship loaded with 100 tons of aluminum ingots left...
The 24th Economic Meetings of Aix-en-Provence, which took place on July 5th and 6th, 2024, were not only a testament to the event’s role as a pivotal platform for global dialogue but also a gathering of some of the most influential figures in the economic sphere. The theme “Connecting Worlds” was exemplified through the participation...
In the picturesque setting of Aix-en-Provence, amidst the buzz of economic discourse, former Senegalese President Macky Sall offers a compelling vision for the future. His insights delve into the pressing issues of development, climate change, and migration, painting a picture of a world where dialogue and equity are the keystones of progress. President Macky Sall...
On July 5, 2024, West Africa witnessed a pivotal moment with the launch of the Sahel Confederation. This strategic alliance between Mali, Burkina Faso, and Niger represents renewed hope for a region often beset by significant challenges. Emerging from a shared commitment to foster peace and economic growth, the Confederation pledges to stabilize the region—a...
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...
