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Extractive Industries Sector fetches Cameroon over 1.2 Billion FCFA in 2023

The 2023 EITI data shows a contribution of 1,237 billion FCFA from extractive industries to the national budget, dominated by oil revenues.The recently published 2023 EITI Report indicates that over 1,232.6 billion FCFA was transferred to the public treasury, corresponding to taxes, royalties, and financial obligations paid by extractive companies. This amount represents a 12.96%...

Economic Activities improves in Q3 of 2025

The National Economic and Financial Committee of Congo (CNEF), an internal body of the Bank of Central African States (BEAC), held its final annual session on December 8 in Brazzaville to review the economic situation within the community. Regarding Congo, the report indicates that economic activity performed well during the third quarter of 2025. The...

Critics raise questions over C.A.R’s huge Debt to Lebanon estimated at 12 Billion FCFA

According to information obtained from the financial departments of several Lebanese business operators established in the Central African Republic, President Faustin-Archange Touadéra has accumulated a debt of nearly 12 billion CFA francs. But no one really knows what this money is for. No one knows if this debt is personal or if it binds the...

Gabon’s Ndende – Doussala road benefits from AfDB funding

The African Development Bank’s (AfDB) commitment to supporting Gabon in implementing its national development policy, as well as ongoing projects in the country, was at the heart of discussions on December 6 between President Brice Clotaire Oligui Nguema and the President of the AfDB Group, Sidi Ould Tah. “The African Development Bank is fully committed...

Cameroon Government commits 1.5 Billion FCFA to strengthen Agriculture and Livestock sector

This financing signed in Yaoundé, between the Ministry of Small and Medium Enterprises and the Cameroonian Bank for SMEs (BC-PME), intended to strengthen agricultural, pastoral and fishery production, marks a key step in the national strategy of import-substitution and modernization of local sectors. The Minister Achille Bassilekin III and the Deputy Director General of BC-PME,...

CAMTEL and Ethio Telecom seal Agreement to boost Cameroon’s Telecommunications Sector

The Cameroon Telecommunications (Camtel) and Ethio Telecom, the Ethiopian state-owned telecommunications operator, signed a strategic partnership agreement aimed at transforming the telecommunications sector in Cameroon by leveraging Ethio Telecom’s success. This agreement, which combines ambition and expertise, addresses the country’s digital challenges. This is a major turning point for the telecommunications sector in Cameroon. Judith...