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93,028
Bitcoin
$ 109,264
Bitcoin
93,028

Peter Nsoesie

Gabon to reduce Oil production by 23% in 2020

"It must be recognized that, as far as Gabon is concerned today, our production comes from so-called mature fields. This means fields which have shown their full potential and which...
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Covid 19 forces Paul Biya to review Cameroon’s 2020 state budget

"This fund is funded to the tune of FCfa 180 billion in the second half of 2020. The expenses borne by the said fund must contribute to the achievement of...
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Telecommunications – Provision of Internet Access: CAMTEL achieves a 170% increase in total traffic for its users in the city of Douala

Since the onset of the pandemic, ” CAMTEL has enabled government action to continue via videoconference thanks to its connectivity solutions. In terms of teleworking, the public company has a...
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Pisa Project: AFD to hasten the delivery of 89 classrooms in Gabon

Funded to the tune of 101 billion CFA francs, the Pisa program aims to improve access to primary and secondary education in Libreville and Port-Gentil, in particular through the construction...
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Chad maps out three programmes to combat youth unemployment

The second, which concerns self-employment, consists of installing young promoters in their own accounts by financing their projects at zero rates. And the third is an agricultural credit program, designed...
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African Development Bank secures support funds for CEMAC countries and the DRC

Support for health structures will be provided for the management of cases, particularly severe cases. Support for the resilience of health systems and populations in Chad, the DRC and the...
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9th ECCAS Extraordinary Session holds in Gabon with groundbreaking reforms

Upon convocation by His Excellency Alain-Claude BILIE-BY-NZE, Minister of State, Minister of Foreign Affairs of the Gabonese Republic, in his capacity as President-in-Office of the Council of Ministers of ECCAS...
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MINEPAT Chief Alamine Ousmane Mey signs three conventions of more than 18 billion FCFA with the French Development Agency

"According to the MINEPAT press release, this funding relates to the response to covid-19, support for economic development in the Far North region and the construction of the headquarters building...
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Cameroon to lose 300 billion FCFA of petroleum revenue due to Covid 19

"If I take the case of oil, we have made our 2020 finance law on an assumption of a barrel at 54.4 dollars. There we are at less than 30...
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Why CEMAC Businesses are sidelining the Stock Exchange market?

The opacity in their management fueled by the eternal conflict between on the one hand their social and political functions and on the other hand, their economic missions, makes them...
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Cameroon’s SME Bank loses at least 1 billion CFA francs annually

This establishment, which opened in 2015 by the State of Cameroon, has posted a negative result since 2016, according to a report by the Technical Commission for the Rehabilitation of...
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Cameroon’s inflation rate rising in the first quarter of 2020

A study by the National Institute of Statistics reveals the prices of consumer products increased by 0.5% compared to the 4th quarter of 2019 Compared to the first quarter of...
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Cameroon government behind scheduled time of 2020 Budget

State financial administrations are struggling to produce the statistical publications scheduled in the budget calendar on time. This is a departure from Cameroon’s commitments in terms of transparency and good...
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Dangote Cameroon records increased sales of cement in First quarter of 2020

Nigeria cement giant Dangote has announced that its branch in Cameroon sold 312 thousand tonnes of cement in the first quarter of 2020, generating and increased rate of 4.3% compared...
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