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...
After two consecutive terms at the head of the African Development Bank (AfDB), Akinwumi Adesina is preparing to hand over the reins in May 2025. Five personalities with solid profiles and strategic support are vying for the presidency of this key pan-African institution. Between financial expertise, networks of influence and geopolitical balances, the battle for...
On January 28, 2025, Cameroon was conspicuous by its absence at a crucial hearing before the Court of Arbitration of the International Chamber of Commerce (ICC) in Paris. This refusal to appear is part of the dispute between it and the Australian mining company Sundance Resources, which is claiming $5.5 billion after the loss of...
The revival of economic relations between Gabon and Saudi Arabia should accelerate. On February 4, the Deputy Prime Minister in charge of Planning and Foresight received a delegation from the Saudi Fund for Development (FSD). At the center of the discussions was the consolidation of a historic partnership and the establishment of advantageous financing to...
For over a year, the 7-year bonds issued by the State of Cameroon in 2023 have remained particularly popular on the Central African Stock Exchange (Bvmac). Despite persistent purchase offers, their holders have shown little inclination to part with them, a sign of lasting confidence in this security. Since the trading sessions of January 30...
The new Managing Director of MTN Cameroon, Wanda Matandela, is increasing the number of meetings with Cameroonian authorities before his official installation scheduled for March 1, 2025. Objective: a smooth transition and a strengthened commitment to improving services. Since January 27, 2025, Wanda Matandela, appointed last December as head of MTN Cameroon, has been busy meeting...
As part of the study to identify and map potential projects on the Pointe-Noire-Brazzaville-Kinshasa-Bangui corridor, a mission of experts mandated by the European Union (EU) held a working session on January 29 with the general management of the Autonomous Port of Pointe-Noire. Led by Jean-Marc Gauthier, head of mission, expert in regional transport infrastructure, the...
After years of crisis that heavily affected its production and exports, the Cameroon Development Corporation (CDC) has returned to growth. In December 2024, the public agro-industrial company exported more than 4,400 tons of bananas, a level not seen since 2017. This performance is accompanied by a financial recovery plan by the State, intended to clean...
After an in-depth assessment, the International Monetary Fund (IMF) expressed its satisfaction with Cameroon’s progress in managing its public finances. The institution approved a disbursement of 77.5 billion CFA francs to support ongoing reforms. However, efforts still need to be made, particularly in terms of public investment and structural reforms. In a statement issued on...
CEMAC and UEMOA, with the support of the World Bank, are continuing the harmonization of their statistical systems to improve the quality of socio-economic data in West and Central Africa. A workshop, held from January 27 to 31, 2025 in Douala, aims to validate the tools of the price component of the Harmonized Survey on...
In Dar es Salaam (Tanzania), where he took part in the African Energy Summit, Brice Clotaire Oligui Nguema spoke with the Deputy Prime Minister of Equatorial Guinea about his country’s purchase of electricity from Malabo. The purchase-sale contract signed between the two countries in July 2023 could come to fruition in the near future. From...
