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Peter Nsoesie

African Dvelopment Bank approves 209 Billion FCFA to reconstruct the Douala – N’Djamena Corridor

The Board of Directors of the Africa Development Bank Group ( AfDB ), approved on December 13, 2024 in Abidjan, Côte d’Ivoire, a loan of 318.24 million Euros (more than 209 billion...
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BVMAC eyes promising year after dismal 2024

The Central African Stock Exchange (Bvmac) stock market underperformed in 2024, marked by a 4.9% decline in market capitalization. This situation is mainly linked to the 8.18% decline in the...
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Cameroon obtains additional funding of 28 Billion FCFA

A presidential decree signed on January 7, 2024 authorizes the signing of a financing contract with the European Investment Bank (EIB) to supplement the resources needed for the Rural Electrification...
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BEAC announces release of new Coins to curb shortage in CEMAC Member states

In order to put an end to the shortage of coins which is penalizing commercial transactions in the Central African Economic and Monetary Community (CEMAC) zone, the Bank of Central...
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Central African Development Bank and Gabon chart new Perspectives

The Prime Minister of the Transition, Raymond Ndong Sima, spoke this Thursday, January 9 with the Vice President of the Development Bank of Central African States (BDEAC), Jean Paterne Megne...
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BGFIBank Cameroon Honours 72 Employees, Labour Minister gives out medals

During a ceremony held on January 8, 2025 in Douala, 72 BGFIBank Cameroon employees were decorated by the Minister of Labor and Social Security, Grégoire Owona. These distinctions, symbols of...
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Custom Administration in Cameroon targets 95 Billion FCFA in 2025

In January 2025, the General Directorate of Customs (DGD) aims to mobilize 95 billion FCFA, or 8.31% of its annual target of 1,144 billion FCFA. The strategic sectors of Douala...
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Cameroonians frown over tax increase on Mobile Money Transactions

Since January 1, 2025, mobile money users in Cameroon have been experiencing a new increase in costs on money transfer and withdrawal operations. The 2025 Finance Law introduces an additional...
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CAMTEL budgets 8.6 Billion FCFA for 2025

Modernizing and strengthening infrastructure, gradually resolving network access problems and improving the quality of services, this is the direction that will be given to the budget of 326.2 billion CFA...
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Oligui Nguema demands clarification over Gabon Debt Situation

On the instructions of the President of the Transition, the Debt Taskforce will, at the beginning of this year, audit the orders pending payment to the Public Treasury for the...
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 The Tony Elumelu Foundation Opens Applications for 2025 Entrepreneurship Programmes

The Tony Elumelu Foundation (TEF), Africa’s leading champion of entrepreneurship, is pleased to announce that applications for its 2025 Entrepreneurship Programmes are now open. Aspiring and existing entrepreneurs from across...
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Port of Brazzaville gets new Management

Appointed by the Council of Ministers on December 18, 2024, the new Director General of the Autonomous Port of Brazzaville and Secondary Ports, Séraphin Mouendzi, and his deputy Lionel Daniel...
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Gabon to host Global Investment Forum

Gabon will host the first-ever Global Gateway Investment Forum on January 30, 2025. This event, organized under the auspices of the European Union (EU), aims to promote transformative investments that...
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In Gabon, the palm harvest falls by 9.6% in the 3rd quarter of 2024

The Ministry of Economy’s Sectoral Outlook Note, devoted to the months of July, August and September, analyzes the performance of the cash crop agriculture sector. In this part of the...
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