There was excitement around digital technology from the first day of the FrancoTech Show, which took place on October 3 and 4 at Station F in Paris. Between the stroll of the President of the French Republic, Emmanuel Macron, in the presence of Louise Mushikiwabo, Secretary General of the International Organization of La Francophonie, and...
The memorandum of understanding for the completion of work on several oil blocks in Congo was signed on September 27 in Moscow, Russia, between the Minister of Hydrocarbons, Bruno Jean Richard Itoua, and the Vice President of Lukoil, Ivan Romanovsky. The oil agreement provides for a strengthening of cooperation between the National Oil Company of...
Arise IIP, a subsidiary of the pan-African group Arise, will develop an industrial and logistics activity zone on the banks of the Dibamba River with an area of approximately 122 hectares. It is within the framework of the implementation of this project that the Director General of the Douala Ports Authority (PAD), Cyrius Ngo’o, and Kumar Mohan,...
Gabon is preparing to participate as a guest of honor at the Africa Accelerating 2024 Conference to be held in Canada from November 18 to 20, 2024. Led by the Prime Minister of the Transition, Raymond Ndong Sima, a cabinet meeting was held on September 25 to discuss Gabon’s strategic objectives. This meeting aims to...
Cameroon has significant mineral resources that are very little exploited. This is the case, for example, of the iron ore deposits of Ngovayang, Ntem and Djoum III in the South region and the gold deposits of Bibemi in the North region. The government is now determined to exploit these various deposits. On September 19, 2024 in Ebolowa, Fuh Calistus...
The China Oil Natural Gas Overseas Holding United company obtained two exploitation permits last January, including that of Conkouati known for its proximity to the eponymous national park. During a stay in Beijing in China, the Minister of Hydrocarbons, Bruno Jean Richard Itoua, discussed the progress of the projects with the head of the China Oil Gas...
African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy transition central to the discussions at this year’s United Nations General Assembly (UNGA), taking place late September in New York. Elumelu will call for urgent action in a series of engagements, including a roundtable discussion at the Clinton...
The African Development Bank ‘s portfolio in the road infrastructure sector in Cameroon is approximately 825 billion FCFA (824,800,696,496 FCFA). The AfDB is thus positioned as the country’s leading technical partner in this area. Taking part in the recent Transport Forum, Emmanuel Ngannou Djoumessi , Minister of Public Works, pleaded with the Bank for an increase in its investments in Cameroon, during the...
In the first half of 2024, Cameroon is expected to see a significant drop in its oil revenues, threatening the government’s target of 801 billion FCFA for the year. Factors behind this underperformance include falling global prices and declining production. Cameroon is facing a worrying decline in its oil and gas revenues in the first...
