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Peter Nsoesie

BEAC Foreign Exhange reserves stall at 7.2 Trillion FCFA

The volume of foreign exchange reserves of the Bank of Central African States (BEAC) represents an external coverage of the currency of 78.4%, or 4.79 in months of imports of...
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Gabon Oil Company acquires Assala Energy in strategic move

Gabon is taking a decisive step in controlling its energy resources with the finalization of the acquisition of Assala Energy by the Gabon Oil Company (GOC), according to an announcement...
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AFREXIMBANK and BDEAC seal MoU to promote Trade and Development in the CEMAC subregion

The Afreximbank 2024 Annual Meetings and the 3rd Africa -Caribbean Trade and Investment Forum took place from June 12 to 15, 2024 in Nassau, Bahamas. During these events, Kanayo Awani, Executive Vice...
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Cameroon Reviews 2024 State budget by 7.9% Increase

Cameroon’s state budget has increased by 538 billion FCFA (about 880 million U.S. dollars), we learned Thursday from an order signed by the president of the Paul Biya Republic. The...
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Paul Biya orders intensive probe on Glencore bribe receivers

President Paul Biya has taken a major decision by authorizing the Minister of Justice, Laurent Esso, to seek British justice to obtain the names of Cameroonian officials involved in a...
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CEMAC – ECCAS fusion: Ministers validate several Merger Texts

 Ten points were kept on the agenda for the 6th conclave  of ministers of the Steering Committee for the rationalization of regional economic communities in Central Africa (Copil CER-AC). Six draft texts were...
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CAMTEL and CAMWATER Seal Network Infrastructure Pact

Another qualitative leap from Camtel to consolidate its network infrastructure. After the agreement to hand over the 812 km of optical fiber, initially belonging to Eneo Cameroon (signed on Monday...
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Over 10 thousand tonnes of Banana exported by CDC between January and April 2024

According to data provided by the Banana Association of Cameroon, this figure represents a third of CDC sales shortly before the Anglophone crisis. In detail, the 10,255 tonnes of bananas...
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Chad and the WFP sign an agreement worth 36 billion FCFA to curb Food crisis

The document was initialed by the Minister of Public Health Dr Abdelmadjid Abderahim and the Deputy Country Director of the World Food Program Enrico Pausilli. The amount was mobilized by...
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Cameroon to get 71.5 Billion FCFA from IMF under Extended Credit Facility

In detail, this new agreement falls within the framework of the first review of the Resilience and Sustainability Facility (FRD), as well as the sixth reviews of the program supported...
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IMF bemoans low income of Gabonese Citizens

The Resident Representative of the International Monetary Fund (IMF), Gomez Agou, spoke on Monday, June 10, on issues relating to the Report of the IMF’s Article IV consultation with Gabon....
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The European Union plans to invest 80 billion Euros for research in Cameroon rare minerals

Faced with Chinese competition and its hegemony at the global level, the European Union once again demonstrated its interest in raw materials during the Cameroon International Convention of Mines and...
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Owendo Port Container Terminal gets Seven new Hi-tech Gandries

Departing from Abu Dhabi’s Khalifa port last April, the two quay gantry cranes (STS) and five park gantry cranes (RTG) were received on June 3 at the port of Owendo....
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DRC Central Bank maintains Rates

The Central Bank of Congo (BCC) decided to keep its key rate unchanged at 25% following a meeting of its Monetary Policy Committee held on Friday May 31, 2024. Under...
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