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La Rédaction

SETRAG continues freight operations despite Coronavirus threat

Contrary to rumors circulating recently on social networks, the Transgabonais Operating Company (SETRAG) specifies that if it has stopped the transport of passengers in accordance with the measures decreed by...
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Cameroon to resist Covid-19 induced economic shocks despite recording the highest infection rate in the CEMAC zone

Cameroon is the most affected country in the CEMAC sub region by the covid-19 with over 1,500 cases so far,. However, it will be the least impacted macroeconomically.  Solomane Konén,...
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Congo’s Coronavirus response boosted with $11.3 million support from World Bank

The World Bank approved $11.3 million in financing from the International Development Association (IDA)* to help the Republic of the Congo fight COVID-19 (coronavirus) and respond to public health emergencies....
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Chadian President frowns at poor electricity delivery in the country, summons emergency meeting to resolve the situation

Chadian Head of State Idriss Deby Itno has lashed out at the National Electricity Company SNE for not providing electricity to the population despite measures taken to accompany the enterprise....
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Consolidated turnover of Maurel & Prom Group in the 1st quarter of 2020 at 48.6 billion FCFA

According to Boursier.com, the Maurel & Prom Group’s production in the first quarter of 2020 amounted to 28,916 boe / day, up 1% compared to the fourth quarter of 2019...
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Gabon’s government lays down modalities for supporting enterprises hit by covid-19

The Ministry of Economy and Finance announces the effectiveness of emergency financing measures for corporate treasury and the moratorium on their bank loan terms, promised by President Ali Bongo during...
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French Development Agency coughs out 3.2 billion FCFA to help Gabon fight covid-19

The French Development Agency (AFD) has just mobilized more than 3.2 billion francs to help Gabon in its fight against the Coronavirus. These funds are part of the Health Sector...
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Gabon braces up to send 4000 tonnes of basic aid to the hinterlands

More than 4,000 tonnes of goods are expected to be shipped within the country in the coming days. This is the reason why the Ministers of Trade and Transport had...
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IMF disburses $ 38 million to CAR under the credit facility to mitigate the impact of covid-19

The Executive Board of the International Monetary Fund (IMF) approved, on April 20, an emergency disbursement in the amount of 27.85 million special drawing rights, the equivalent of approximately $...
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Equatorial Guinea’s Ministry of Mines and Hydrocarbons will host a webinar on the current state of the oil industry and how we can recover

The Ministry of Mines and Hydrocarbons and the African Energy Chamber will host an open webinar on the current state of the global oil markets;  Gabriel Mbaga Obiang Lima, Minister...
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Central African Republic MPs donate 8 million FCFA for Covid 19 roll back

The elected officials of the nation each contributed more than 50,000 FCFA for the fight against the coronavirus pandemic in the Central African Republic, which amounts to 8 million francs....
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NSIA Group splashes 322 million FCFA for covid-19 response in West and Central Africa

The NSIA Group, a Pan-African company engaged in the Banking and Insurance sector present in West and Central Africa, has  donated 322,000,000 FCFA in cash, medical ambulance and health kits,...
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Gabon creates account for covid-19 Solidarity Fund

Two weeks after the announcement by the President of the Republic Ali Bongo Ondimba, the economic and social support measures planned as part of the fight against the Covid-19 pandemic...
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IMF disburses $155 million to help Chad counter Coronavirus

The IMF (International Monetary Fund) Board of Directors approved the disbursement of $ 115.1 million to the Chadian government to combat the Covid-19 pandemic. The context is particularly unstable. With...
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