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Economy

Cameroon receives Pan-African aid from Alibaba CEO to tackle Covid 19

Cameroon’s share of the medical support promised by Chinese billionaire and Philanthropist Jack Ma has been received today. The cargo plane dispatched by the Alibaba boss earlier arrived Ethiopia where...
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CEMAC countries challenged to embrace Economic diversification in the face of Covid 19

Economies within the Economic Community of Central African States (ECCAS) will collectively have a 4.7 percentage point drop in their projected GDP growth this year as a result of the...
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Cameroonian Banks roll out plan to sail through Covid-19 storm

As Cameroon’s Coronavirus curve progresses geometrically to 56, the Association of credit Institutions APPECAM says they are getting ready to deal with shocks imposed by the pandemic. This is through...
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Equatorial Guinea Grants Relief to Oil & Gas Services Companies

The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services companies in the country. This is the first...
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São Tomé & Príncipe and Equatorial Guinea lead Energy Cooperation in the Gulf of Guinea

São Tomé and Príncipe and Equatorial Guinea have agreed on the establishment of a Special Zone for Joint Exploration to explore and develop cross-border oil & gas reserves believed to...
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CTR finding fouls SCDP for not respecting storage rules

The Technical Committee for the Rehabilitation of public and para-public sector Enterprises CTR reveals that, the Cameroon Petroleum Depot Company commonly known as SCDP is not compliant with oil stocks...
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Cameroon maintains Trade with CEMAC neighbours despite anti Covid-19 Measures

Cameroon has decided to maintain trade with Chad and the Central African Republic despite taking measures to contain the spread of the coronavirus. This follows a readjustments of the anti...
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Plan to create Business plan for CEMAC Stock Exchange underway

The Bank of Central African States BEAC is looking for an expert firm to come up with an adequate business plan for the CEMAC Unified Stock Exchange BVMAC.  The plan...
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Petronas and Exxon Mobil prepare to leave Chad – Cameroon pipeline

Oil giants Petronas and Exxon Mobil are working with advisers on a proposed sale of their stakes in the Chad project expected to be worth more than $1 billion. The...
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New seed varieties help cocoa crops in Cameroon bloom and farmers thrive

There are 600,000 cocoa farmers across Cameroon, and it is a vital sector for rural communities. But cocoa is a fragile crop with yields that tend to decrease over time,...
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