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Average cost of Congolese crude set at 78 Dollars

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...
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UBA Group recapitalization opens opportunities for Cameroonian investors

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...
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Crude prices to be Adjusted in Congo

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...
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La Francophonie Summit offers opportunities for Congolese Tech Companies

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...
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Congo signs Hudrocarbons Agreement with Russian giant LukOil

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...
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Arise IIP wins Bid for Design and Development of upcoming Dibamba Port Zone

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...
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Gabon intensifies preparation for the Africa Accelerating Conference

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...
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Cameroon begins negotiation for exploration of Iron Ore in Ngovayang, Ntem, Djoum III

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...
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China Oil Natural Gas obtains Exploration permits in Congo

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...
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African Philanthropist & Business Leader, Tony Elumelu Sets Out Africa’s Priorities for UNGA 2024

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),...
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African Development Bank to finance more Road projects in Cameroon

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...
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Cameroon records drop in Oil and Gas revenue

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...
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José Miguel Obiang Nchama appointed new General Manager of BANGE Bank Cameroon

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...
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Afriland First Bank to implement funding for Post-COVID 19 SME Recovery

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...
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