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Economy

Congo and IMF discuss Emergency aid

Asked about the continuation of the macroeconomic reform program concluded with the Congo in July 2019, the representative of the Bretton Woods institution said that discussions on this subject will...
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Vaalco Energy bags 4.2 billion FCFA profit in Q3 of 2020

“We have continued to focus on operational excellence and execution, which allows us to maintain a healthy cash flow, and cost discipline remains a key priority for the company as...
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GICAM submits “White Book” to Labour and SMS Ministers

Before the Minister of Labour and Social Security, Cameroonian employers "pleaded for a fruitful and effective dialogue between the government and the private sector", we can read. In response, Grégoire...
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BICIG: Establishment of a special banking system for State officials

"The documentation to be provided is as follows: a valid ID and a copy of a recent bulletin or receipt, a half-photo in color or black and white," Bicig said....
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BEAC called to review its foreign exchange regulations

According to the African Energy Chamber (the voice of the energy sector in Africa), these measures are insufficient, unrealistic and unlikely to boost sustainable development. “We need businesses that can...
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Cameroon launches competition for youths interested in Agriculture

Applications will be received online until November 16, 2020. According to our colleague, candidates will compete in the areas of: "access to sustainable markets, green economy / covid-19 response, 'access...
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BEAC must reconsider its new Forex regulation to save jobs in Gabon, Cameroon, Republic of Congo, Equatorial Guinea, Central African Republic and Chad (By Leoncio Amada Nze)

In Central Africa, this is more than 60% on average, rising up to 90% in countries like Gabon. It Such policies with adverse effects to the oil and gas industry...
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Congo and Namibia strengthen trade ties

“About thirty Namibian business leaders have traveled to Congo over the past few years to develop their businesses and take advantage of existing opportunities. They have signed cooperation agreements in...
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Cameroon’s Etinde FEED study nearing completion – Bowleven

Work is also progressing on the sub-surface development plan, including location, number and type of wells required to produce wet gas from IM reservoirs.
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CEMAC Commission Chairman expresses optimism over French investments

I am sure that with the substantive work that we have done and the analysis of the files, we will succeed, ”said Daniel Ona Ondo, adding that out of the...
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14 billion FCFA to boost Cotton production in Cameroon

Both initiatives have benefited from foreign funding. ABC-Pader has benefited from a joint envelope from the European Union and Germany amounting to 12.725 billion FCFA. As for Procoton, which is...
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European Union and Gabon seal 200 million FCFA to tackle COVID 19 induced economic shocks

The national response to Covid-19 was at the center of discussions between the Minister of Health and the European Union (EU) ambassador to Gabon on November 5 in Libreville. Rosario...
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Financial market: the volume of Congolese treasury issues on the rise

According to Gatien Ondaye Obili, the head of the credit, capital market and bank control department at the central bank, the development of the Congolese financial market performance is linked...
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Field Marshall to launch rehabilitation of Bedaya-Moissala road

The works of the Bedaya-Moissala axis, which follow in the wake of the PMCR, are entrusted to the SOLVET / SACRE GC Group). Costing 1,761,052,857 F CFA, this project has...
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