On October 11, the players in the national oil market agreed on the price of a barrel of crude oil at 78.59 dollars, representing an average quarterly differential of -0.34 dollars per barrel. The prices of the reference crudes were readjusted to 75.99 dollars for Djeno Blend , 78.12 for Nkossa Blend and 81.67 for Yombo. Congolese...
The United Bank for Africa, UBA, is in the process of recapitalization which gives investors across the globe and Cameroon in particular where it has a strong hold chance to reap big. The Bank is said to have already tabled its application for the recapitalization process at the Security and Exchange Commission, SEC. The approval...
Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market met on October 9 in Brazzaville to set prices for Congolese crudes, in particular Djeno Blend and Nkossa Blend, for the third quarter of 2024. ...
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...
