Cameroon signed two financing agreements with the African Development Bank (AfDB) on March 19, 2025, for the reconstruction of the Ngaoundéré-Garoua road. Totaling 216 billion CFA francs, this financing aims to rehabilitate a strategic 242-km section linking Adamawa to the north of the country. The work, which will also include socioeconomic improvements, will begin in...
Gabon and Equatorial Guinea are taking a new step in their energy cooperation. On March 20 , 2025, in Malabo, the two countries signed an electricity grid operating agreement, thus solidifying their commitment to strengthening subregional energy interconnection. This agreement, which follows the official commissioning of the infrastructure on February 22, 2025, aims to provide a stable electricity supply...
The Ad Hoc Committee of the Guided Trade Initiative (GTI) of the African Continental Free Trade Area (AfCFTA) in Cameroon met on March 20, 2025, at the headquarters of the National Shippers’ Council of Cameroon (CNCC) in Douala. Under the chairmanship of Mr. Auguste MBAPPE PENDA, Director General of the CNCC, the meeting was attended...
Dr. Samuel Munzele Maimbo, Zambia’s candidate for the African Development Bank (AfDB) presidency, has outlined his vision to Cameroonian authorities as part of his campaign. The current Vice President for Budget, Performance Review, and Strategic Planning at the World Bank met with Prime Minister Dr. Chief Joseph Dion Ngute and Minister of External Relations Mbella...
Gabon has disbursed nearly 18 billion CFA francs to clear its arrears with the World Bank, aiming to rebuild investor confidence and revive international funding opportunities. Gabon has taken a significant step in improving its public financial management, announcing on March 19, 2025, the payment of 17.9 billion CFA francs to settle its outstanding debt...
The Tony Elumelu Foundation (TEF) will announce the 2025 Cohort of its flagship TEF Entrepreneurship Programme on Saturday, March 22, at 10 AM. Since its launch, TEF has provided over $100 million in direct funding to African entrepreneurs, creating 1.5 million jobs and generating $4.2 billion in revenue. More than two million Africans have been...
The Africa Global Logistics (AGL) group announced on March 10 that its subsidiary Congo Terminal had signed a financing agreement of 150,880,000,000 CFA francs (230,000,000 euros) for the expansion of the container terminal at the Autonomous Port of Pointe-Noire (PAPN). The signing of the agreement was made possible thanks to a banking round led by...
A US fintech delegation, led by the US Ambassador, discussed with the Minister of Economy the expansion of financial inclusion through artificial intelligence and the digitalization of financial services. The executives of the American fintech Azamra, accompanied by the United States Ambassador to Cameroon, HE Christopher John Lamora, were received in audience on Wednesday, March...
This was part of the working visit made on March 15, 2025 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, to the port infrastructure.The Minister of State, Secretary General of the Presidency of the Republic (SGPR), Ferdinand Ngoh Ngoh, made an important working visit to the Autonomous...
The Cameroonian government and CAMINCO SA have signed a major mining agreement for the operation of the small Mborguene gold mine in the Eastern region. This agreement, which guarantees significant socio-economic benefits, provides for active state participation, job creation, and local development. This Friday, the Acting Minister of Mines, Industry and Technological Development, Professor Fuh...
Following an investment of five billion CFA francs in 2024, Africa Global Logistics (AGL) Cameroon is continuing to modernize its fleet with the acquisition of new reachstackers. This latest-generation equipment aims to optimize port operations and improve the country’s supply chain. The year 2025 begins with a focus on logistics reinforcement for Africa Global Logistics...
Meeting in Douala from March 11 to 14, 2025, the Directors general of taxes of the CEMAC member states, accompanied by IMF experts, are working on developing a joint roadmap to improve domestic resource mobilization. This is a crucial issue for the region’s economic stability and fiscal sovereignty. Faced with persistent economic challenges and low...
UBA Cameroon has been awarded the prestigious Best Visa Bank in Central Africa at the Visa CEMAC Client Summit 2025, held in Douala on March 7 2025. This accolade reinforces the bank’s leadership in delivering cutting-edge and digital payment solutions across the region. The award was presented by Ismahili Diaby, Vice President and General Manager for West...
At the first Africa Trade Conference, hosted by Access Bank in Cape Town, business leaders highlighted the importance of strengthened cooperation among African countries to address economic challenges and boost intra-African trade. A call for action was issued to overcome structural, financial, and logistical barriers. On March 12, 2025, Access Bank PLC hosted the inaugural...
The Economic and Social Council (CES) holds its headquarters. Created by Article 85 of the 1972 Constitution and maintained by Article 54 of the 1996 constitutional revision, the Economic and Social Council has had 150 members since 2001. It is “a consultative assembly representing the main economic, social and cultural activities of the Republic. Its...
Features Webinar Series, Trivia Challenges, Live Business Series Event. Women to Enjoy Discount Offerings on Cards, Loans UBA Foundation to Distribute Care Kits for Secondary School Students.Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to commemorate this year’s edition of the International Women’s Day with a series of strategic initiatives aimed at...
The 13th session of the Permanent Framework for Consultation of Public Treasuries of CEMAC (CPC-TP CEMAC) officially opened this Tuesday, March 4 in Libreville. The event, which takes place from March 3 to 6, 2025, was inaugurated by Luther Steeven Abouna Yangui, Director General of Public Accounting and Treasury of Gabon, also President of the...
Based on the start-up capital granted by Gisèle Nkemla to her husband Albert Nkemla (Chairman of the Board of Directors of CCA Bank) for the start-up of its activities, it was officially launched on Friday, February 28, 2025, during a press conference held in the auditorium of the CCA-Bank headquarters building in Douala. It is...
