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Peter Nsoesie

Gabon reduces Tax on Electronic Transactions following Popular pressure

Established by the 2025 Finance Bill, the Fee on electronic money issues (mobile money, bank cards, etc.) will no longer be levied at 5% on each transaction. Faced with the...
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Crude prices to be Adjusted in Congo

Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market...
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CONSUMAF releases new Tarrifs for Funding operations in the CEMAC Zone

In the CEMAC zone, the regulation on the organization and operation of the Central African market, adopted on July 18, 2024 and made public on October 2, 2024, gave rise to...
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Second phase of Yaounde – Douala Motorway underway

The official ceremony to launch the works of the second phase of the Yaounde-Douala motorway took place yesterday. It was during a ceremony chaired by the Minister of Public Works Emmanuel Nganou...
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BEAC Injects coins into the Economy

The Douala Agency of the Bank of Central African States BEAC the economic capital of Cameroon is launching an operation to exchange banknotes for coins. This operation mainly concerns pharmacies, supermarkets,...
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UBA Appoints Fonda Fred Fonda as Chief Finance Officer for Africa

Africa’s Global Bank, United Bank for Africa (UBA) has appointed Fonda Fred Fonda as Chief Finance Officer (CFO) for Africa, where he will oversee the bank’s subsidiaries in Central, West, East,...
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SGG and SAEG agree to boost agriculture and livestock breeding in Gabon

The Gabon Guarantee Company (SGG) and the Gabon Agriculture and Livestock Company (SAEG) signed a memorandum of understanding on September 30, 2024. This strategic partnership, supported by the Gabonese Strategic...
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Prosper Zo’o Minto’o, The new General Manager of ASECNA

The Agency for the Safety of Air Navigation in Africa and Madagascar ( ASECNA ) has a new Director General. Among 6 candidates (Benin, Chad, Burkina Faso, Ivory Coast, Comoros), it was that of Gabonese...
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Four African Presidents, Others Grace UBA 75th Anniversary @ UNGA79

His Excellency Carlos Vila Nova; President of São Tomé and Principe; His Excellency Julius Maada Bio President of Sierra Leone; Brice Oligui Nguema President of Gabon; His Excellency; His Excellency...
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Gabon intensifies preparation for the Africa Accelerating Conference

Gabon is preparing to participate as a guest of honor at the Africa Accelerating 2024 Conference to be held in Canada from November 18 to 20, 2024. Led by the...
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Cameroon begins negotiation for exploration of Iron Ore in Ngovayang, Ntem, Djoum III

Cameroon has significant mineral resources that are very little exploited. This is the case, for example, of the iron ore deposits of Ngovayang, Ntem and Djoum III in the South region and the...
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BDEAC approves Islamic Financing Window

Three items were on the agenda. In particular, the establishment of an Islamic Window; the implementation of the Real Estate Program and the examination of several information notes. Following a...
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African Philanthropist & Business Leader, Tony Elumelu Sets Out Africa’s Priorities for UNGA 2024

African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy transition central to the discussions at this year’s United Nations General Assembly (UNGA),...
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African Development Bank to finance more Road projects in Cameroon

The African Development Bank ‘s portfolio in the road infrastructure sector in Cameroon is approximately 825 billion FCFA (824,800,696,496 FCFA). The AfDB is thus positioned as the country’s leading technical partner in this area. Taking part...
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