The African Export and Import Bank (Afreximbank) will make available to African countries a credit facility totaling $ 3 billion to help adapt to the financial, economic and health shocks caused by the COVID-19 pandemic Known as the Pandemic Trade Impact Mitigation Facility (PATIMFA), this financial support has 3 objectives at the economic level. These...
The Board of Directors of the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has selected and revealed the key companies shortlisted for the execution of its landmark projects under its ongoing Year of Investment. The decision was adopted at the end of a meeting in Malabo.At Punta Europa, where most of Equatorial Guinea’s...
The United Bank for Africa – UBA Cameroon has officially handed over a cheque worth 150 million FCFA through the UBA Foundation, to the Minister of Public Health Manaouda Malachie who received this gesture on behalf of the Cameroon Government. The Managing Director /CEO of UBA Cameroon Dominique Mahend and the Board Chairman Ekoko Mukete handed over...
The African Development Bank (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset...
Projects financed by the Chinese government in Cameroon have been gripped by a plethora of challenges; causing some of them to be abandoned. While others are moving at snail pace. The 15 projects at the tune of 3.3 trillion francs CFA came under scrutiny during the March cabinet meeting chaired by the Prime Minister, Joseph...
Africa’s response to the Coronavirus Disease (COVID-19) outbreak received a boost today as the Africa Centres for Disease Control and Prevention (Africa CDC) and the Government of Ethiopia received a consignment of medical equipment from the Jack Ma and Alibaba Foundations. The shipment included over 1.5 million laboratory diagnostic test kits and over 100 tons...
São Tomé and Príncipe and Equatorial Guinea have agreed on the establishment of a Special Zone for Joint Exploration to explore and develop cross-border oil & gas reserves believed to be in the blocks bordering each country’s maritime zone. The decision was taken during a meeting this week in Malabo between H.E. Osvaldo Abreu, Minister...
Cameroon’s Employer cartel GICAM has appreciated measures rolled out by the government to mitigate the coronavirus. But wants increased support to enterprises and households to enable them tackle the shocks from the deadly pandemic. In statement following the holding of an extra-ordinary session, the Groupement Interpatronal du Cameroun GICAM also called on companies to strictly...
Gabonese authorities have outlawed the sale of pangolin scales in the country. The animal, considered by environmental protection NGOs as the most victim of poaching in the world, is indeed suspected by a team of Chinese researchers of having transmitted the Covid-19 disease to humans, on another game market, some 11,000 kilometers from Libreville, in...
