The concept note for the evaluation of the national public procurement system was validated on February 20 in Brazzaville by stakeholders (public administration, private sector and civil society). The new tool is based on the MAPS II evaluation methodology, which is supposed to guarantee better governance of public procurement. The adoption of the national procurement...
As part of the regularization of unclaimed funds, the Société Immobilière du Cameroun (SIC) transferred 482.39 million FCFA in housing deposits to the Caisse des Dépôts et Consignations du Cameroun (CDEC). An operation that is part of a global dynamic of bringing financial institutions into compliance with the regulations in force. On February 19, 2025,...
The Minister of Finance, Louis Paul Motaze, accompanied by the Minister Delegate to the Minister of Economy, Planning and Regional Development, Paul Tazong, was in Douala on February 13, 2025 to present to the business community and regulatory institutions, the State Financing Plan for the 2025 financial year. It will require the State to resort...
Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the UBA Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned...
From 17 to 21 February 2025, Libreville will host the expert meeting of Study Group 3 of the International Telecommunication Union (ITU) dedicated to the economic and political challenges of telecommunications in Africa. Organised by the ITU and Arcep Gabon, this workshop brings together around sixty experts to discuss tariff models, international connectivity and regional...
The distribution and marketing of electricity in the Republic of Congo is now entrusted to the National Electricity Company of Senegal (Senelec), for a period of ten years. A leasing agreement on this subject was signed last week between the two countries. The agreement that entrusts the management of the segment related to the distribution and...
On the occasion of the 59th edition of the Youth Festival, Marguerite Fonkwen Atanga, Managing Director of CCA-Bank, reaffirmed the banking institution’s commitment to youth entrepreneurship. Through the “CCA Starter” program, the bank supports students and young entrepreneurs by providing them with the tools and financing necessary to realize their projects. During the Youth Day...
Faced with economic challenges, the Ministry of Economy, Planning and Regional Development (MINEPAT) has defined the main strategic orientations for the year 2025. The annual conference of central and decentralized services, held on February 4, 2025 in Yaoundé, was an opportunity to focus on economic diversification and the optimization of public investments. Under the theme...
Gabon is currently facing a huge energy crisis. Entire cities are experiencing power cuts. Economic operators and the population are depressed by the inconvenience caused. The government, for its part, is trying to reassure and is looking for solutions to resolve this problem in the long term. Hence the working session on February 12, 2025...
The President of the Transition, General Brice Clotaire Oligui Nguema, met with the United States Ambassador to Gabon, Vernelle Trim Fitzpatrick, on February 12, 2025. At the heart of the discussions: American investments in Gabon, the inauguration of the Coca-Cola factory in Owendo and a cybersecurity initiative for the training of 1,000 young Gabonese. On...
After its successful roadshow in Brazzaville on February 10, the delegation of the Société nationale des pétroles du Congo (SNPC), led by its general manager, Maixent Raoul Ominga, met with investors in Douala, Cameroon, on February 11 and with those in Libreville, Gabon on the 12th. To this end, the Congolese public oil operator presented...
Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana, received in audience, on Thursday, February 13, 2025, a delegation from the Global Youth Leadership for Sustainable Cocoa (GYLSCO) program. This project, which places youth at the heart of the future of African cocoa, will be officially launched next April in Yaoundé, with a first group of...
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs, from all 54 African countries , today, signed a USD$6million strategic partnership agreement with the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation (an affiliate of Erth Zayed) to provide business training, mentorship, access to networks, and non-refundable $5,000...
One year after the provisional acceptance, the Autonomous Port of Douala (PAD) has officially validated the final acceptance of the works of phase 2 of the project to secure the port area of Douala-Bonabéri. Financed to the tune of more than 32 billion FCFA, this strategic project has made it possible to strengthen the security...
The BGFIBank Group held its Executive Convention and several strategic seminars in Douala from January 28 to 31, 2025. The objective: to mobilize teams, strengthen operational efficiency and prepare for the post-2025 period. A key event for the banking leader in the CEMAC zone. Cameroon’s economic capital, Douala, hosted nearly 120 senior executives from the...
The financial market of the Economic and Monetary Community of Central Africa (CEMAC) experienced a significant drop in transactions in the last quarter of 2024. According to the Quarterly Bulletin of the Stock Exchange of Central Africa (Bvmac), transactions fell by 21% compared to the previous quarter, reaching 2.7 billion FCFA. This decline is explained...
On February 7, a World Bank portfolio monitoring meeting in Chad was held between a World Bank team, led by its Resident Representative Rasit Pertev, and another from the Ministry of Finance, led by Minister Tahir Hamid Nguilin. The meeting aimed to assess the progress and disbursement of the 21 World Bank-financed projects in the...
Announced 16 months ago, the renationalization of Eneo continues to flounder. A monotonous situation that is gradually leading the electricity sector into total agony, thus reinforcing the place of obscurity that has become king among Cameroonian households. Considered a sector of sovereignty in most countries in the world. The electricity segment in Cameroon is facing...
