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Peter Nsoesie

Equatorial Guinea takes bold action to aid explorers, Major firms to benefit include Kosmos Energy and VAALCO Energy

The Ministry of Mines and Hydrocarbons will grant two-year block extensions and ease capex requirements for E&P companies amid industry downturn; major U.S. upstream firms to benefit include Kosmos Energy,...
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Cameroon’s loan request to the IMF postponed over lack of an economic recovery plan

According to the official agenda of the International Monetary Fund (IMF), Cameroon’s case was to be examined on April 28, 2020 by its Board of Directors. But, in the absence...
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Construction of the Yaounde-Douala dual carriage way slowed by financial huddles

Emmanuel Nganou Djoumessi, Cameroon’s  Minister of Public Works brought together by video conference  officials of the China First Highway Engineering Company, the company in charge of the works of the...
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Andre Alexis Megudjou named Managing Director of CCA Bank

It was at the end of the CCA Bank’s board of directors held on April 28 that the news came. André Alexis Megudjou is the new managing director of the...
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Covid-19 to have minimal impact on Cameroon’s Insurance sector

Protais Ayangma, Insurer and founder of the National Insurance Company, now Saham Insurance Cameroon (2014), has just published a note on the impact of the coronavirus (Covid-19) in the insurance...
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The Franc CFA to be affected by the covid-19 pandemic

The CFA Franc used within the Central African Economic and Monetary Community (CEMAC) is on the list of potential victims of the covid-19 epidemic which is currently raging in the...
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Equatorial Guinea , Year of Investments Advances despite Challenges

COVID-19 has slowed global trade, but Equatorial Guinea is not relenting in its drive for investment and downstream diversification, said the country’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga...
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Less than 25% of Cameroon Business Forum resolutions approved by Doing Business

The international criteria and standards of “Doing Business” recognize in all and for everything, 20 recommendations out of the 90 successfully designed at the Cameroon Business Forum. In the absence...
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Gabon pleads for the cancellation of Africa’s debts

Gabon, like other countries on the continent, calls for the cancellation of the debt of African countries without distinction of category. The announcement was officially made by Prime Minister Julien...
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Kribi Port Authorities invest 80 million FCFA for Teleworking

The port infrastructure has also increased its bandwidth to facilitate the digitization of its services. In order to ensure the continuity of its services in this period of health crisis,...
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BEAC pessimistic on Economic and Monetary prospects of the CEMAC zone, as Coronavirus slows growth

According to the issuing institution, the Covid-19 will cause, among other things, the deterioration of macro-economic accounts, the fall in external funding, the disruption of intra-community trade, the weakening of...
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Cameroon Prime Minister meets Transport and Hotel union leaders to discuss impact of covid-19

At the Star Building on Tuesday, Prime Minister Joseph Dion Ngute received representatives of hotel and transport unions, two sectors among the most affected by the Coronavirus pandemic. For Joseph...
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CAMAIR-CO sends over 300 workers on technical leave as Covid-19 chokes “ailing” company

The temporary suspension of activities seems to be the option chosen by the leaders of the Cameroon Airlines Corporation (Camair-co) during this period of health crisis. To do this, the...
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GICAM cries out for help as Coronavirus eats deep into Cameroon’s Economy

The Cameroon Employers Association known in its French acronym as GICAM is demanding increased support to the private sector from government to mitigate Covid 19 shocks on the economy. This...
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