The SONARA rehabilitation project, which was severely affected by the 2019 fire, is entering a new phase. The Cameroonian government, with the support of the IMF, is examining the feasibility of integrating a hydrocracking unit into this refinery, which is vital to the country’s oil industry. The rehabilitation of the National Refining Company (Sonara), one...
Faced with renewed interest from commercial banks in refinancing operations, the Bank of Central African States (BEAC) increased its liquidity offer to 220 billion FCFA on December 17, 2024. This increase of 60 billion compared to the two previous operations aims to meet the growing needs of credit institutions, stimulated by the end-of-year holiday period....
In an increasingly interconnected global economy, collaboration among business organizations is essential for fostering growth and innovation. Today marks a significant milestone as the American Chamber of Commerce, the European Chamber of Commerce, and the UK Cameroon Chamber of Commerce come together to sign a Memorandum of Understanding (MOU). This Memorandum of Understanding bringing together...
The Congolese Minister of Industrial Development and Private Sector Promotion, Antoine Thomas Nicéphore Fylla Saint Eudes, was elected current President of the Board of Directors of the African Intellectual Property Organization (OAPI), with the key to organizing the 65th ordinary session in December 2025 in Brazaville The Republic of Congo will be replaced in the exercise...
The subject of several criticisms from some business leaders, the management of public procurement in Gabon remains to be perfected. In the National Assembly, for greater efficiency and transparency in this area, the Commission in charge of Economic Affairs is making several recommendations to the transitional government to be implemented as of next year. Le...
During his visit to Cameroon, Ralph Mupita, Chairman and CEO of MTN Group, unveiled a $100 million investment plan for 2025. This envelope is part of a broader strategy of $300 million over three years (2026-2028). The objective is to strengthen network infrastructure, improve the quality of services and develop innovative digital solutions for a...
Nigeria’s Dangote Refinery and Cameroon’s Neptune Oil mark a historic milestone in their economic cooperation. The first export of refined petroleum products illustrates their vision of a more energy-independent and integrated Africa, while meeting the region’s growing needs. In an unprecedented strategic move, Dangote Refinery and Neptune Oil have just concluded their first fuel export...
Chad officially submitted the candidacy of Abbas Mahamat Tolli for the presidency of the African Development Bank (AfDB), during a ceremony in Abidjan, on December 13, 2024. With his experience in the high spheres of African finance, the former Governor of the BEAC appears as a strong candidate to lead this strategic institution. In Abidjan,...
The heads of state of the Economic and Monetary Community of Central Africa (CEMAC) are meeting on Monday in Yaoundé for better coordination in the face of worrying warning signals in the regional macroeconomic situation, a press release from the Cameroonian presidency announced on Sunday. In the short term, this critical situation compromises the disbursement...
Thanks to its initiatives in favor of financial inclusion and its expansion strategy, Ecobank Cameroon, led by Gwendoline Abunaw, has been awarded the prestigious “Bank of the Year 2024” award by The Banker magazine. This title recognizes the institution’s efforts to overcome economic and social challenges in Cameroon, notably through projects dedicated to women and...
The Cameroonian music scene was electrified at the Balafon Music Awards 2024, an event celebrating artistic excellence and innovation in the country’s music industry. The evening, held on Thursday, December 12 in Douala, was marked by memorable performances and prestigious awards, including the crowning of Cysoul as Artist of the Year, a recognition that caps...
According to a press release made public on December 5, 2024 by the Director General of the Autonomous Port of Douala, the Paris Court of Appeal has annulled the arbitration awards ordering the Autonomous Port of Douala (PAD) to pay more than 37 billion FCFA to the company Douala International Terminal (DIT). A decision hailed...
Cameroonians have emerged as some of the top beneficiaries of the United Bank for Africa (UBA) Group’s Graduate Management Accelerated Programme (GMAP). This initiative has placed UBA Group at the forefront of providing young graduates with hands-on training across the countries where it operates. Many of the program’s standout participants ultimately secure lucrative positions within...
Gabonese banking group BGFIBank plans to open 10% of its capital to investors via the Central African Stock Exchange (BVMAC). This strategic operation, initially planned for 2020, takes place in a more serene economic context and aims to strengthen the dynamism of the regional financial market. During the inauguration of the new headquarters building of...
On the occasion of International Banking Day, celebrated on 4 December, Ecobank Cameroon reaffirms its commitment to sustainable development. The institution highlights its role in financing sustainable initiatives and its ambition to actively contribute to a better future for Africa and the world. Established by the United Nations General Assembly in 2019, International Banks Day...
On Thursday, Samuel Eto’o, President of FECAFOOT, and Mitwa N’GAMBI, General Manager of MTN Cameroon, signed a partnership contract renewed for two years. This collaboration aims to strengthen the development of professional football and sports infrastructure in Cameroon. In a ceremony held at the headquarters of MTN Cameroon in Douala, the Cameroon Football Federation (FECAFOOT)...
As part of a mission to share experiences and best practices, the Gabonese Deputy Prime Minister , Alexandre Barro Chambrier, was received on December 4, 2024 by the Ivorian Minister of Economy, Planning and Development, Nialé Kaba. This cooperation meeting , carried out on the instructions of the Gabonese transitional president , aims to provide Gabon with efficient planning, drawing inspiration from the successes of...
After several weeks of blockage, the Douala-Bangui corridor is back to life thanks to fruitful negotiations between Cameroon and the Central African Republic. Joint action by the authorities of the two countries has made it possible to respond to the main demands of the transporters and provide lasting solutions to this cross-border crisis. Traffic on...
