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Economy

COBAC stops Cameroon transfer of ”Sleeping Funds” to Deposit and Consignment Fund CDEC

Cold snap on the process of transferring funds and assets assigned to the Caisse des Dépôts et Consignations (Cdec) of Cameroon. While the institution has already collected several billion CFA...
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Chad launches Phase 1 of the N’Gueli dry port 

More than 9 million euros, or 6 billion FCFA. This is the amount of the overall envelope for the modernization work of the N’Gueli Dry Port in the city of...
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Gabon earmarks over 255 billion FCFA in small projects

The National Investment Commission (CNI) held its first annual ordinary session on July 10 in Brazzaville, under the direction of its president, Athanase Ngassaki. Of the twenty-two files examined, approval...
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BVMAC record about 14 Billion FCFA worth of transactions in Q1 of 2024

The Central African Stock Exchange (Bvmac) recorded 82 transactions for a total volume of 1,570,945 securities, representing a value of more than 14 billion FCFA in the first quarter of...
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Congo and European Union deepen Cooperation

The European Union (EU) is one of the partners of the Republic of Congo with a portfolio estimated at nearly 50 billion FCFA for around twenty socio-economic projects. At the...
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IRAD to spearhead Rice Development Project in Cameroon

It is through a protocol of two agreements signed on July 8, 2024 with the Ministry of Agriculture and Rural Development, that the Agricultural Research Institute for Development (IRAD) will...
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Gabon submits to the terms of EITI and IMF, Gains Reintegration

In response to international demands, Gabon is undertaking an unprecedented approach to transparency in the management of its extractive resources. The country is committed to making public contracts and permits...
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IMF Approves 72 Billion FCFA for Cameroon after 6th Economic Review

The International Monetary Fund IMF Has approved, on the one hand, the 6th review of Cameroon ‘s Economic and Financial Program 2021-2024 supported by the Extended Credit Facility (ECF) and the Extended Credit...
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Cameroon Domestic debt repayment falls by 32%

These amounts showed a downward trend between the first quarters of 2023 and 2024 according to the Long and Medium Term Economic and Budgetary Programming Document 2025-2027 published by the...
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Cameroon executes first container shipment of Alluminium to Algeria under the Africa Continental Free Trade Area

The cargo loaded this Friday under the supervision of the Minister of Commerce from the port of Douala-Bonabéri, thus constitutes the first export from Cameroon under this project. It will...
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