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...
The Former Director of internal audit of Bange SA, takes the reins of the Cameroonian subsidiary of the Equatorial Guinean bank. His appointment comes in a difficult context, three years after the launch of the bank on the Cameroonian market, where it is struggling to establish itself in the face of fierce competition. Change at...
The amount allocated by the Islamic Development Bank to the leader in finance in Cameroon is part of post-Covid19 financing and will support small and medium-sized enterprises. According to the communication department of the Cameroonian private bank, the role of Afriland First Bank as an executing agent will consist of supporting and assisting the Government...
President Paul Biya has officially awarded Camalco, a subsidiary of Australian Canyon Resources, the permit to exploit the Minim-Martap bauxite deposit. This major mining project, worth $2 billion, is expected to make Cameroon a major player in the global bauxite market. However, experts have reservations about the economic benefits for the country. Cameroon has taken...
Taking advantage of his stay in China, the President of the Transition went to the city of Nanjing where he visited NARI group corporation, one of the Chinese leaders in the transformation and distribution of electrical energy. While Gabon is accumulating a deficit in this area, NARI could offer innovative and intelligent solutions. A team...
Prime Minister Anatole Collinet Makosso began his visit to Pointe-Noire with a working session with the leaders of the Autonomous Port, with whom he discussed current projects and the 2030 vision of this port infrastructure. Accompanied, among others, by the Minister in charge of General Education, Jean-Luc Mouthou, the head of government visited the various...
During the 2nd Gabon-China Economic Forum, which began on Tuesday, September 3, 2024 in Beijing (China), the Minister of Mines, Gilles Nembe, took the opportunity to highlight Gabon’s strengths in the mining sector. Following discussions between the two parties, agreements on the mobilization of more than $4.3 billion in favor of Gabon were concluded with...
