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NEWS

Heirs Energy secures $750 million from Afreximbank to boost its oil production

This financing, estimated at over 400 billion CFA francs, obtained by Heirs Energy from Afreximbank, aims to optimize its capital structure and support its ambitious development program. This partnership seeks...
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Ministry of Finance outlines mechanisms for Interest free Islamic Finance funding

On December 22, 2025, in Yaoundé, the Cameroonian Ministry of Finance launched a national campaign to promote Islamic finance, in a context marked by the search for alternative mechanisms to...
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CDC gets 51 Billion FCFA to modernize its Processing Units

This funding of 78.8 million euros, or 51.8 billion FCFA, announced by the Cameroonian government, aims to transform the industrial units of the Cameroon Development Corporation (CDC), a key agro-industrial...
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Korea provides water to Four Municipalities in Yaounde

The rural drinking water supply project financed by the Republic of Korea was received on December 16, 2025 in Yaoundé, during a joint ceremony with the unveiling of the future...
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Prime Minister Joseph Dion Ngute endorses the AgriCampus 500 ICT-U Project

The Prime Minister was speaking Yesterday. This was during an audience he granted the President and founder of the ICT University, Prof Victor Mbarika and the Brazilian delegation. During the...
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BEAC announces growth Backslide of 2.4% in 2025

The CEMAC zone (Economic and Monetary Community of Central Africa) is expected to experience a slowdown in growth to 2.4% in 2025, compared to 2024. The Monetary Policy Committee (MPC)...
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Gabon threatens defaulters of Housing Tax with Electricity cuts

The flat-rate housing tax (TFH), which will come into effect on January 2, 2026, continues to fuel debate among households and on Gabonese television. Invited on December 14 to Gabon...
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22 Cameroonian Microfinance institutions to support Small and Medium Size Enterprizes

The 15th C2D Breakfast highlighted the financial and institutional effects produced since 2022 by component 2 of the Transfagri program. With 4 billion FCFA mobilized, 22 microfinance institutions involved, and...
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Extractive Industries Sector fetches Cameroon over 1.2 Billion FCFA in 2023

The 2023 EITI data shows a contribution of 1,237 billion FCFA from extractive industries to the national budget, dominated by oil revenues.The recently published 2023 EITI Report indicates that over...
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Economic Activities improves in Q3 of 2025

The National Economic and Financial Committee of Congo (CNEF), an internal body of the Bank of Central African States (BEAC), held its final annual session on December 8 in Brazzaville...
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Critics raise questions over C.A.R’s huge Debt to Lebanon estimated at 12 Billion FCFA

According to information obtained from the financial departments of several Lebanese business operators established in the Central African Republic, President Faustin-Archange Touadéra has accumulated a debt of nearly 12 billion...
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Gabon’s Ndende – Doussala road benefits from AfDB funding

The African Development Bank’s (AfDB) commitment to supporting Gabon in implementing its national development policy, as well as ongoing projects in the country, was at the heart of discussions on...
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Cameroon Government commits 1.5 Billion FCFA to strengthen Agriculture and Livestock sector

This financing signed in Yaoundé, between the Ministry of Small and Medium Enterprises and the Cameroonian Bank for SMEs (BC-PME), intended to strengthen agricultural, pastoral and fishery production, marks a...
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CAMTEL and Ethio Telecom seal Agreement to boost Cameroon’s Telecommunications Sector

The Cameroon Telecommunications (Camtel) and Ethio Telecom, the Ethiopian state-owned telecommunications operator, signed a strategic partnership agreement aimed at transforming the telecommunications sector in Cameroon by leveraging Ethio Telecom’s success....
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