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Economy

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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AFREXIMBANK and BDEAC seal MoU to promote Trade and Development in the CEMAC subregion

The Afreximbank 2024 Annual Meetings and the 3rd Africa -Caribbean Trade and Investment Forum took place from June 12 to 15, 2024 in Nassau, Bahamas. During these events, Kanayo Awani, Executive Vice...
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Congo Government promises to support three industrial giants

The Minister of Industrial Development and Private Sector Promotion, Antoine Nicéphore Fylla Saint-Eudes, signed, on June 21 in Brazzaville, protocols of intent with three industrial companies established in Congo, with...
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Cameroon Reviews 2024 State budget by 7.9% Increase

Cameroon’s state budget has increased by 538 billion FCFA (about 880 million U.S. dollars), we learned Thursday from an order signed by the president of the Paul Biya Republic. The...
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Net Profit of BDEAC down by 10%

The Development Bank of Central African States (BDEAC) recorded a profit of 3.8 billion FCFA in 2023, compared to 4.146 billion FCFA in 2022. The general meeting of shareholders, which...
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Second Gabon -UK Trade and Investment Forum opens in Libreville

Since June 20, the Hôtel de la Sablière in Libreville has hosted the second edition of the UK-Gabon Trade and Investment Forum. A major event bringing together British investors and...
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Paul Biya orders intensive probe on Glencore bribe receivers

President Paul Biya has taken a major decision by authorizing the Minister of Justice, Laurent Esso, to seek British justice to obtain the names of Cameroonian officials involved in a...
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Douala and Kribi Ports reject World Bank Port rankings

 While the World Bank and Standard & Poor’s report on the performance of container ports shows that the ports of Douala and Kribi are ranked 366th and 373rd respectively in...
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CEMAC – ECCAS fusion: Ministers validate several Merger Texts

 Ten points were kept on the agenda for the 6th conclave  of ministers of the Steering Committee for the rationalization of regional economic communities in Central Africa (Copil CER-AC). Six draft texts were...
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CAMTEL and CAMWATER Seal Network Infrastructure Pact

Another qualitative leap from Camtel to consolidate its network infrastructure. After the agreement to hand over the 812 km of optical fiber, initially belonging to Eneo Cameroon (signed on Monday...
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Chadian Prime Minister and Foreign investors discuss Cooperation avenues

The Prime Minister, head of government, Amb. Allah-Maye Halina granted an audience this Monday, June 17, 2024, to a delegation of American, Canadian and Turkish investors. The delegation came to...
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Over 10 thousand tonnes of Banana exported by CDC between January and April 2024

According to data provided by the Banana Association of Cameroon, this figure represents a third of CDC sales shortly before the Anglophone crisis. In detail, the 10,255 tonnes of bananas...
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Chad and the WFP sign an agreement worth 36 billion FCFA to curb Food crisis

The document was initialed by the Minister of Public Health Dr Abdelmadjid Abderahim and the Deputy Country Director of the World Food Program Enrico Pausilli. The amount was mobilized by...
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IMF says Gabon’s debt at 70% of GDP

Faced with the outcry caused by Gabon’s debt figures (70% of GDP) contained in the recent report produced by the international financial institution, the Resident Representative of the International Monetary...
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