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Peter Nsoesie

BEAC adopts eTransfer, a new application made available to banks in the CEMAC zone

This is a big step, given that "eTransfer makes it possible to ensure the traceability and availability of real-time monitoring information for banks, public treasuries as well as other economic...
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Cameroon and Gabon in search of 42 billion FCFA in the BEAC market

As was already the case on August 5, 2020, the Cameroonian Treasury has entered the money market on August 12 with Gabon, also trying to raise 12 billion FCFA, through...
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Digital culture in Cameroon: “17.8% of households use the internet” – MINPOSTEL

To date, MINPOSTEL indicated, “20,000 km of optical fiber have been laid across the country, with urban loops in the 58 departments. There are also four submarine cables installed to...
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Equatorial Guinea Continues Proactive Industry Engagement to Support the Oil Sector

Equally important, the Minister received a letter from the industry regarding ongoing concerns over forex regulations imposed by the Bank of Central African States (BEAC). On this occasion, he insisted...
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Congo-Cameroon Optic fibre inter-connection works launched

The second phase of the Central Africa Backbone (Cab-Congo) project, of approximately 347km of fiber, was officially launched on August 8 in Ntam, a border town, by the Congolese Minister...
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Christophe Eken begins 4th term at Cameroon’s Chamber of Commerce, Mines, Industries and Craft

Economic operator, promoter of projects in the cassava processing sector, Christophe Eken thus begins his 4th consecutive mandate at the head of CCIMA after elections were held last month.
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CEMAC in search of 2400 billion FCFA for sub regional integration

From twelve projects initially for an investment estimated at 2820 billion FCFA, the Steering Committee (Copil) of Pref-Cemac has revised its ambitions downwards, thus reducing the number of these projects...
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CEMAC: 5.49% increase in Treasury securities issues in the first quarter of 2020

“During this quarter, the Public Treasuries of Gabon, Chad and Cameroon were the most active on the market, with issues representing respectively 33.43%, 19.89% and 19.42% of the total. resources...
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2020 World Bank – IMF Annual meetings: African Caucus in concertation

For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African...
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Cameroon reaps more than 40 billion FCFA from cleaning State payroll

The most recent result of the process of cleaning up the state file is "the abolition of the technical premium paid twice to certain health workers. An irregularity which led...
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Congo’s Post & Telecom boss promises to regulate the sector

“The authorities wanted to turn postal checks into a bank, which is not conducive to the growth of the current post office. It was this separation between the financial service...
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New BEAC currency regulation could hamper Gabon’s investment plans

Businesses would, therefore, have to exchange their dollar-denominated income for francs, which would incur exchange costs and expose them to currency fluctuations. In addition, since the financing of oil companies...
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Cameroon’s Ministry of SME’s reaches deal with private outing to guide youths with projects

According to the Minister, the objectives of this contract are: to define the terms of the partnership between the parties, with a view to the design and implementation of entrepreneurial...
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TOTAL Gabon sell oil wells to Perenco

Perenco will pay between $ 290 million and $ 350 million (over CFA 162 and 195 billion), depending on future Brent prices. However, nothing has been decided yet as the...
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