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Peter Nsoesie

Tough challenges for Congo as it assumes Africa Petroleum Producers Presidency

Taking over from Cameroon, Congo will assume the rotating presidency of the African Petroleum Producers Organization (APPO) in 2025. The Congolese presidency is especially expected on the thorny issue of...
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Cameroon finds local solutions to high cost of Road Construction

The Ministry of Public Works of Cameroon is increasing the number of meetings to identify solutions to reduce the costs of road construction and maintenance. The most recent, on November...
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Unpaid Public Treasury Bills exceed 500 million FCFA

As of September 30, 2024, Cameroon’s outstanding balances (RAP) have reached an alarming level of 559 billion FCFA, representing 1.6% of GDP. Despite a loan contracted from Citi Group, the...
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FEICOM Mobilizes over 290 Billion FCFA in 2023

The Special Council Support Fund (Feicom) recorded an impressive balance sheet for the year 2023, with revenues reaching 293.4 billion FCFA. This figure marks a significant increase of 57.5 billion...
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Equity Compartment of Central African Stock Exchange records 30% increase in 2023

The information contained in the 2023 activity report of the Central African Stock Exchange highlights the essential role played by the Cameroonian Regional Bank. According to the Bvmac activity report,...
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USA Grants 85 Million FCFA to Congolese NGOs

On October 30, the American government granted grants of $140,000, or 85 million CFA francs, to eighteen Congolese NGOs in Brazzaville. This aid will enable the beneficiary NGOs to carry out...
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UNIPACE actors demand Economic Revival in Central Africa

Central African economic leaders, gathered in Douala under the Union of Central African Employers (UNIPACE), call on governments to act in the face of failing infrastructure, unbalanced taxation and weak...
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Market Capitalization in the CEMAC zone reaches 13.5%

The Central African Stock Exchange (BVMAC) continues its growth, with a 13.5% increase to 1,633.7 billion FCFA in June 2024 in the market capitalization of all listed securities compared to...
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Tony Elumelu to Co-Chair New Africa Summit at the 8th Edition of Saudi Arabia’s Future Investment Initiative

Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), and the Founder of The Tony Elumelu Foundation (TEF), will co-chair the New African Summit, at the upcoming...
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Tony Elumelu on AfroCapitalism,UBA’s Global expansion and Africa’s future growth

By Nicholas Norbrook Fresh from meetings with Senegal’s President Faye and Aliko Dangote, and about to celebrate 40 years of banking in the US, UBA chair Tony Elumelu expands on...
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Kribi Container Terminal to invest 70 Billion FCFA in Expansion Programme

Kribi Conteneurs Terminal (KCT), manager of the Kribi Port Container Terminal, is continuing its expansion with a colossal investment of 70 billion FCFA for the acquisition of new equipment and...
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Congo and Russia agree to Speed up the Execution of Petroleum projects

Cooperation between the two countries has strengthened in recent years, thanks to the notable commitment of Russian companies in the oil and gas sector in Congo. After a meeting with...
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ICT University announces 5 Billion FCFA funding Scheme to advance Technological drive

5 Billion CFA frs is the amount that will help students realise their school projects at the ICT University in the days ahead. This announcement was made public by Professor...
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CCA Banks moves into Ultramodern Headquarters in Bonanjo

On October 19, 2024, CCA Bank inaugurated its new headquarters in Douala in the presence of influential personalities such as Louis Paul Motaze, Minister of Finance, and Samuel Eto’o Fils,...
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