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Economy

CEMAC zone: BDEAC releases 31 billion FCFA for the financing of new private sector projects

To ensure the implementation of its strategic development plan 2020-2022, the institution intends to mobilize 300 billion CFA francs for the financing of projects with high socio-economic impact. It will...
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AfDB accords 3.5 million US dollars for Electricity interconnection between CAR and the DRC

The total cost of these activities is $ 5.97 million and will be financed up to 59.16% by the African Development Fund (ADF-15), the Bank Group's concessional rate lending window....
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Gabon’s Railway Regulatory Authority deteriorating financially

At the time of Justin Ndoundangoye, former Executive Secretary of the ARTF and former Minister of Transport, reveal the same agents, a mechanism ensured that the salaries of ARTF agents...
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IZIWAY plans to position itself as Cameroon’s online business platform

Those responsible for the platform have spared no effort to provide this opportunity to the public. “We put all of our sales people to work on this operation in order...
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Congo to modernize its Administrative information system

Funded by the European Union to the tune of 400,000 euros, through the Cotonou investment facility implemented by the European Investment Bank, this project benefits from technical support from the...
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Gabon’s Economy Minister clears the air on tax Exemptions for Oil companies

f the ministry notes that there have been transactional agreements for the benefit of oil companies, it notes that "the authors of this erroneous information confuse regulatory penalties and transactional...
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79.5 million FCFA to rehabilitate and extend water supply in N’Djamena

It aims to improve the living conditions of residents through better access to drinking water in urban and peri-urban areas of the Chadian capital. "These conventions have political issues because...
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Cameroon’s Finance Minister challenges banks to go Digital

As an impact of this movement, the national treasurer hopes "an enlargement of the range of products and services to be offered to Small and medium-sized enterprises, Very small enterprises...
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Congolese youths hailed as pillars of innovation

“The youth layer is essential in innovation. Also, we cannot talk about digital transformation without adequate infrastructure. In Congo, we have digital infrastructure and fiber optics that facilitate entrepreneurship in...
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Gabonese MPs express doubts over 2021 Finance law but keen to follow Government directives

In the amended finance law of 2020, they amounted to CFAF 3,047.1 billion. It is therefore a decrease of 365.6 billion, as presented by the Minister of Budget and Public...
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African Energy Chamber Offers Guide for Reforms for Equatorial Guinea’s Oil & Gas Sector

In its latest 2021 Outlook however, the African Energy Chamber has called on African governments and industry stakeholders to come together and do more to support the sector’s competitiveness and...
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Hydrocarbons: a refinery will be built in the economic zone of Pointe-Noire

For the Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya, this project aims to create added value by locally transforming crude oil from Congo into finished products, thus making it possible to...
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ECCAS: States invited to pay their arrears of contributions

It was also recommended to the Commission to regularize the budgetary situation for the financial year 2020 by submitting a draft budget whose financing of the Member States will be...
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720 Cameroonian SMEs to benefit from State subvention

"The lists of companies definitively retained throughout the territory have been sent to the Ministry of Finance for authorization and payment by bank transfer. These are the ten regions that...
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