The Central Bank of Congo (BCC) decided to keep its key rate unchanged at 25% following a meeting of its Monetary Policy Committee held on Friday May 31, 2024. Under the leadership of Madame Kabedi Malangu Mbuyi, Governor of the Central Bank of Congo, the CPM also maintained the mandatory reserve coefficients for deposits in...
In a strategic approach for the development of port infrastructure, the Autonomous Port of Douala (PAD) signed a framework cooperation agreement with the Support Council for the Realization of Partnership Contracts (CARPA). This collaboration aims to strengthen and expand the capacities of the port of Douala-Bonabéri, an economic hub for Cameroon and the sub-region. May...
Dr. Akinwumi Adesina, the president of the African Development Bank Group, today unveiled an ambitious five-point programme to attract much-needed private sector investment to accelerate Africa’s economic transformation and meet the challenges of a host of interlocking global crises. Addressing the Governors’ Dialogue, a keynote event of the Bank’s Annual Meetings, Adesina on Tuesday called...
Experts attending an African Development Bank High-level dialogue in Kenya have urged African nations to intensify efforts to attract private-sector financing to enhance tertiary education and equip the continent’s youth with competitive skills. During a panel discussion at the Bank’s 2024 Annual Meetings in Nairobi, the experts stressed the importance of political commitment to guarantee...
Judith Suminwa inherits from Sama a certain revenue performance over the first four months of 2024 but pressures on security spending, but not only, remain high. For the IMF, a revised finance law for 2024 must integrate the positive impact of the amendment to the contract with the mining company SICOMINES recently signed, both in...
At the end of the first Gabon-France economic forum held on Wednesday 29, which saw the participation of nearly 600 business leaders from both countries, the Gabonese side managed to mobilize more than 1.100 billion euros, including memoranda of understanding (MoU) signed in the presence of the President of the Transition. Undeniable success this Wednesday,...
On May 24, 2024, the Minister of Labor and Social Security, Grégoire Owona, on behalf of the President of the Republic, Paul Biya, honored the Globeleq staff in Cameroon. Alongside the top management led by Frédéric Mvondo, Managing Director of Globeleq in Cameroon, 79 medals including 61 in silver, 16 in vermeil and 2 in...
Africa stands at crossroads – a continent beaming with potential, innovation, and promise. As we navigate the complexities of the global landscape, it is important that we chart a course towards sustainable development, inclusive growth, and shared prosperity. At the forefront of this transformative journey is the philosophy of Africapitalism—a bold and visionary approach to...
Tony Elumelu, the Chairman of the United Bank for Africa Group (UBA), and the Founder of the Tony Elumelu Foundation has called on all stakeholders within and without the health sector to join forces and ensure that not just Africa but the world has a healthy future. Speaking at the Abu Dhabi Health Forum, Tony,...
Over 165,000 visitors (+10% vs 2023)13,500 startups (+20% vs 2023)VivaTech catalyzes global AI debate: Over 2 billion people reached on social media (x2 vs 2023) VivaTech 2024, @bptanguy.com A Unique Meeting Place, Accelerating Business and Funding VivaTech has established itself as the most productive business event, with more than 400,000 digital business connections and widespread...
The African Regional Communications Organization is experiencing a real revolution. The institution founded in 1992 has in fact just appointed Cameroon at the head of its board of directors. A double historic event since it is a first, not only for the country of indomitable lions, but also and above all, for that of a...
The meeting of OACPS ministers, which brought together around sixty ministers from member states, representatives of international organizations, pan-African, regional and sub-regional organizations, financial institutions and experts, ended with the signing of a collaboration agreement between the Ministry of Mines and the EU. It aims to examine for possible adoption the draft OACPS position paper...
At the VivaTech conference in Paris, Elon Musk participated in a Q&A session via videoconference, highlighting the shared mission of his companies—SpaceX, Neuralink, Tesla, and xAI—to preserve and enhance human consciousness. Elon_Musk, Vivatech_Paris_2024 Musk Criticizes Politically Correct AI During his VivaTech appearance, Musk reiterated his criticism of popular generative AIs like OpenAI’s ChatGPT and Google’s...
1949-2024. It has been 75 years since United Bank for Africa (UBA) was founded. Previously known as the French and British Bank, it has overcome thick and thin to position itself as one of the largest financial institutions in Africa. It is in such a context that an international conference was held on May 20...
The political capital of Cameroon, Yaoundé, is preparing to become the nerve center of international mining discussions with the holding of the 4th edition of the International Convention of Mines and Exhibitions of Cameroon (CIMEC), under the very high patronage of Paul Biya, president of the Republic. From May 22 to 24, 2024, the city...
After the agreement between UBA Group and the Africa Continental Free Trade Area (AfCFTA) Secretariat in 2023 to invest $ 6 billion as funding for African Small and Medium Enterprises within the next three years. The MD/CEO of UBA Cameroon Jude Anele accompanied by some top executives held a round table session with the media...
In detail, between January and March 2024, four financing agreements valued at 240.7 billion FCFA were signed by the Cameroonian authorities. Of the total amount borrowed during the indicated period, we learn that 75.2% are loans whose interest rate is lower than market rates (concessional financing) and 24.8% are loans respecting market conditions. (non-concessional financing)....
In a bid to facilitate access to financial services, a partnership agreement has been signed between UBA Cameroon and the University of Ngaoundere. Prof. MAMOUDOU ABDOULMOUMINI Vice Chancellor of the University of Ngaoundere led the delegation, while Jude Anele MD/CEO led the UBA Cameroon team. The partnership will see university of Ngaoundere start a business...
