Ecobank Cluster CEMAC leaders met in Douala on 22-23 January 2025 to define the major strategic directions for the coming year. Under the theme “GTR VANGUARD”, this event combining strategic vision and leadership laid the foundations for a forward-thinking positioning in the banking sector in the CEMAC region. For two days, the city of Douala,...
On January 23, the United Nations Development Program (UNDP) officially handed over to the government computer equipment and materials for the modernization of the geolocalized information unit of the National Center for the Inventory and Management of Forest and Wildlife Resources; as well as the Geomatics Unit of the General Directorate of Land Use Planning and...
At the end of December 2023, it was 3,305.79 carats, or half the quantity recorded last year.6,219.81 carats of diamonds were produced in 2024 in Cameroon: This figure was revealed on January 16, 2025 in Yaounde during a budget session of the Kimberly Process Certification Scheme (KPCS). The meeting was chaired by the Acting Minister of Mines,...
During the 11th edition of the Customs-Business Forum, Cameroon focused on the central theme: “The challenges of the structural transformation of the economy”. An in-depth analysis of the issues, the tools deployed and the persistent challenges reveals a process that is still slow, marked by mixed results and governance that needs to be strengthened. Faced...
Adopted by the Steering Committee of the Rice Value Chain Development Project in Cameroon. This speech is part of the mechanism for reducing massive imports of this cereal, the harmful impact of which contributes to further widening the country’s trade balance deficit. Unanimously, the members of the steering committee meeting in session on January 17,...
In order to structure and strengthen the domestic timber sector in the Republic of Congo, the International Technical Association for Tropical Timber (ATIBT) has taken a new initiative called “Project to support the private sector domestic timber market in Congo”. This was launched by the Inspector General of Forest Economy Services, Samuel Ossebi Mbila, on 21 January in...
The envelope will allow the construction of 250 linear meters of additional quay, the development of 7.9 hectares of open space and a Roll-on/Roll-off (RORO) station, not to mention the extension of Automated Tire Gantry (RTG) tracks by 1,200 linear meters. The Douala Ports Authority and the Douala-Bonabéri Port Exploitation and Construction Company (SCEPDB), a subsidiary...
Congo intends to modernize its public procurement system according to the MAPS II evaluation methodology, considered more efficient than the old mechanism. Executives from the public administration, the private sector and civil society are meeting from January 20 to 24 in Brazzaville to try to take ownership of the new public procurement evaluation tool. Considered...
The Minister of Finance, Louis Paul Motaze, chaired the official launch of the State budget for the 2025 financial year in Buea on January 15, 2025. Under the banner of economic recovery and reconstruction, this ceremony provided an opportunity to present national priorities and projects specific to the South-West region. It was in a warm...
For the third consecutive year, the Autonomous Port of Douala (PAD) has obtained the long-term ratings “A” and short-term “A2” awarded by Bloomfield Investment Corporation. These results confirm the financial strength and international credibility of this strategic institution, despite the challenges of a tense global economic context. On January 16, 2025, the Autonomous Port of...
With 31,643 tonnes of bananas exported in 2024, the Cameroon Development Corporation (CDC) recorded its best performance since resuming its activities in 2020. Despite a difficult economic and social climate, the public company is showing signs of recovery, although still far from its pre-crisis levels. After a period of great difficulties, the Cameroon Development Corporation...
The International Finance Corporation (IFC), a member of the World Bank Group (WB), organized “IFC Day” on January 14 in Brazzaville, an event that brought together private sector players, government officials and development partners. The objective of the meeting was to discuss the challenges and opportunities of priority sectors for the country’s development, in particular...
The Deputy Prime Minister of the Gabonese Transition, Alexandre Barro-Chambrier, met with the Vice-President of the BDEAC, Jean Paterne Megne Ekoga, on January 13, 2025. This meeting made it possible to take stock of 2024 and explore possible synergies to finance Gabon’s development projects. In Libreville, on January 13, 2025, the Deputy Prime Minister of...
The Board of Directors of the Africa Development Bank Group ( AfDB ), approved on December 13, 2024 in Abidjan, Côte d’Ivoire, a loan of 318.24 million Euros (more than 209 billion FCFA) to Cameroon to implement the fourth phase of the Transport Sector Support Program (Past4). This is within the framework of the reconstruction of the Douala-N’Djamena-Ngaoundéré-Garoua...
The Central African Stock Exchange (Bvmac) stock market underperformed in 2024, marked by a 4.9% decline in market capitalization. This situation is mainly linked to the 8.18% decline in the Socapalm share price, coupled with the stagnation or decline of other listed stocks. However, a recovery is expected in 2025 with the entry of new...
A presidential decree signed on January 7, 2024 authorizes the signing of a financing contract with the European Investment Bank (EIB) to supplement the resources needed for the Rural Electrification and Energy Access in Underserved Areas Project (Perace). With this support, the government aims to have 240,000 connections by 2025, reaching more than 2.5 million...
In order to put an end to the shortage of coins which is penalizing commercial transactions in the Central African Economic and Monetary Community (CEMAC) zone, the Bank of Central African States (BEAC) is considering putting into circulation a new range of “type 2024” coins. The announcement was made in a press release issued at...
The Prime Minister of the Transition, Raymond Ndong Sima, spoke this Thursday, January 9 with the Vice President of the Development Bank of Central African States (BDEAC), Jean Paterne Megne Ekoga. The institution’s balance sheet for the year 2024 was presented to the head of government, as well as the outlook for 2025. We thus...
