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Peter Nsoesie

Chad and World Bank reach a deal to develop Lake Chad

François NANKOBOGO also explains that PROLAC "is part of the World Bank's regional integration strategy" and reconfirms the latter's commitment "to maintain support for priority areas in Lake Chad, in...
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EDC plans to increase production of the Memvele dam from 60 to 80 Megawatts

Another project is the completion of the power evacuation lines from Nyabizan to Nkolkoumou, nearly 300 km. The work already done up to about 20 km from Yaoundé is dragging...
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IMF predicts -1.2% economic growth rate for Cameroon in 2020

“GDP growth is expected to fall sharply to -1.2%, about 5 points lower than the pre-pandemic projection. The pandemic has resulted in a substantial deterioration of the global economic environment,...
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Cameroon saves 60 billion FCFA after reducing public spending

According to the Director-general of the budget at MINFI, Cyrille Edou Alo'o, in the columns of the newspaper: "the festivities marking the feast of National Unity (May 20) and the...
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Cameroon Custom chief lauds Bollore for contributing to CAMCIS

"Ultimately I am very satisfied, and I would like to thank the Bolloré Group here because when it was a question of finding a partner, a structure to support us,...
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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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