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...
The Development Bank of Central African States (BDEAC) recorded a profit of 3.8 billion FCFA in 2023, compared to 4.146 billion FCFA in 2022. The general meeting of shareholders, which met at the beginning of months, insisted on the continuation of reforms and investments. The balance sheet for the 2023 financial year of the community...
Since June 20, the Hôtel de la Sablière in Libreville has hosted the second edition of the UK-Gabon Trade and Investment Forum. A major event bringing together British investors and representatives of the Gabonese administration. This is an economic exchange meeting to offer participants a platform for sharing new opportunities, partnerships and investments between the...
Amidst the creative fervor of the 2024 Cannes Lions International Festival of Creativity, we had the privilege of engaging with advertising titan Jacques Séguéla. Following his enlightening talk at the Debussy Théâtre, Séguéla offered us an exclusive insight into the evolving landscape of advertising in the age of artificial intelligence. The Intersection of AI and...
President Paul Biya has taken a major decision by authorizing the Minister of Justice, Laurent Esso, to seek British justice to obtain the names of Cameroonian officials involved in a 7 billion CFA francs corruption case by the company Glencore. This approach marks a significant turning point in the fight against corruption in Cameroon, and...
While the World Bank and Standard & Poor’s report on the performance of container ports shows that the ports of Douala and Kribi are ranked 366th and 373rd respectively in the world, those responsible for these infrastructures question the methodology used to this assessment. According to the Global Container Port Performance Index (CPPI) 2023, published...
Ten points were kept on the agenda for the 6th conclave of ministers of the Steering Committee for the rationalization of regional economic communities in Central Africa (Copil CER-AC). Six draft texts were presented, including that of the Transition Plan and the related draft Decision. The approved transition principles The latter is based on four main principles, which...
Another qualitative leap from Camtel to consolidate its network infrastructure. After the agreement to hand over the 812 km of optical fiber, initially belonging to Eneo Cameroon (signed on Monday May 30, 2023 with Minette Libom Li Likeng, Minister of Posts and Telecommunications), Camtel has just signed, on June 19, 2024, a framework agreement with Cameroon...
The Prime Minister, head of government, Amb. Allah-Maye Halina granted an audience this Monday, June 17, 2024, to a delegation of American, Canadian and Turkish investors. The delegation came to discuss investment opportunities in Chad with the Head of Government, particularly in the mining, education and health sectors. For the representative of the group, Mr....
According to data provided by the Banana Association of Cameroon, this figure represents a third of CDC sales shortly before the Anglophone crisis. In detail, the 10,255 tonnes of bananas exported between January and April 2024 show a downward trend if we rely on the 33,731 tonnes of bananas exported at the end of 2016....
In a dazzling display of glamour, the 63rd Monte-Carlo Television Festival unfurled its red carpet to the world’s finest in television, inaugurated by H.S.H. Prince Albert II of Monaco at the resplendent Grimaldi Forum. The evening’s festivities commenced with the introduction of the esteemed Golden Nymph Awards jury members on the prestigious Salle Des Princes...
The document was initialed by the Minister of Public Health Dr Abdelmadjid Abderahim and the Deputy Country Director of the World Food Program Enrico Pausilli. The amount was mobilized by the World Bank and makes it possible to cover various interventions relating to the prevention of malnutrition, to ensure nutritional care, cash transfer, distribution of...
Faced with the outcry caused by Gabon’s debt figures (70% of GDP) contained in the recent report produced by the international financial institution, the Resident Representative of the International Monetary Fund (IMF), Gomez Agou, declared, Monday 10 June, that this data, until 2023, is data inherited from the fallen regime. “These are figures for management...
In detail, this new agreement falls within the framework of the first review of the Resilience and Sustainability Facility (FRD), as well as the sixth reviews of the program supported by the Extended Credit Facility (ECF) and the Extended Credit Facility. credit (MEDC). Indeed, the said agreement will very soon be submitted for validation by...
