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Economy

Gabon Extractive Industry records 4.5% drop in Q1 of 2024

After three months of activity in 2024, according to the latest Sectoral Economic Outlook Note from the Ministry of the Economy, the consolidated production of extractive activities recorded a decrease...
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At the Heart of Innovation: The 2024 Aix-en-Provence Economic Perspectives

The Aix-en-Provence Economic Encounters emerge as a showcase of innovation and global dialogue. The 2024 edition, under the evocative theme “At the Heart of Innovation,” beckons a deep dive into...
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Navigating the Franc CFA: Balancing Stability and Reform in Central Africa

Central Africa’s economy treads a delicate path, balancing monetary stability, historical ties, and aspirations for autonomy. At the heart of this discourse lies the Franc CFA, a common currency across...
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Rwanda: A Beacon of Economic and Technological Transformation in Africa

In the heart of Africa, Rwanda stands out as a beacon of economic progress and technological advancement. This landlocked nation, once scarred by devastating conflict, has achieved a remarkable economic...
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Commercial banks in the CEMAC zone in search for liquidity despite 90 Billion FCFA offer from BEAC

The financing need of these banks is increasingly expressed, to the point where the liquidity offer of 90 billion FCFA issued by the Beac on June 25, 2024; could not...
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ECCAS Ambassadors resolve to strengthen Economic Cooperation with the USA

Ambassadors from the Economic Community of Central African States (ECCAS) accredited to the United States of America, met recently to fine tune their strategies, in order to give ECCAS more...
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At WTO Ministerial Confab, Cameroon calls for Emergency support on Agriculture

In his capacity as President of the 14th Ministerial Conference of the World Trade Organization (WTO), Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana, spoke at the plenary session on...
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BEAC Advocates for the rehabilitation of SONARA

It is a distress call that Yvon Sana Bangui, the governor of Beac, launched on June 24, 2024, reminding the Cameroonian authorities of the need for rapid rehabilitation of Sonara...
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CEMAC adopts new code of Good Governance

The Council of Ministers of the Central African Economic Union (UEAC), one of the community entities, approved, on June 20, in Bangui (Central African Republic), the new financial and public...
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UK Cameroon Chamber of Commerce births Business Guide to boost Economic ties between Cameroon and the United Kingdom

Trade in goods and services between the UK and Cameroon is currently valued at £911 million. The UK stands as one of the principal investors in Cameroon, presenting abundant opportunities...
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CEMAC Inter-State Brigade to go operational from January 2025

The deployment of elements of the Mixed Brigade from January 1 constitutes one of the main resolutions of the last Interstate Committee of the Economic and Monetary Community of Central Africa...
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BEAC Foreign Exhange reserves stall at 7.2 Trillion FCFA

The volume of foreign exchange reserves of the Bank of Central African States (BEAC) represents an external coverage of the currency of 78.4%, or 4.79 in months of imports of...
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Arise IIP to construct Industrial and Logistic zone Extension of the Douala Port at Misole

Arise Integrated Industrial Platforms (Arise IIP), a subsidiary of the pan-African Arise group, has revealed its plan to develop a 500 hectare industrial and logistics zone on the banks of...
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Gabon Oil Company Acquires Assala Energy in Strategic move

Gabon is taking a decisive step in controlling its energy resources with the finalization of the acquisition of Assala Energy by the Gabon Oil Company (GOC), according to an announcement...
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