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Economy

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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Gabon: the crisis of service companies reveals the deep flaws in the extractive system

These periods of adjustment are common in the extractive industries whose fate is closely linked to the price of a particular raw material. What is striking about the current crisis...
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Entirely dedicated to African cybersecurity decision-makers, the meeting will be an opportunity for participants to immerse themselves in the most relevant subjects, and to orient their companies towards reliable solutions...
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Kribi port reaps 8 billion FCFA in 3rd trimester of 2020

“Comparisons between these two periods show an increase of 57.8% on onshore and offshore calls. Precisely, at the end of the 3rd quarter of 2019, the Port of Kribi had...
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Cameroon reaps 10 million FCFA in two years from the Forestry sector

The volume of undeclared activity in view of their turnover reached 11.4 billion FCFA in 2018 and 16.7 billion FCFA in 2019, for a total of 27.8 billion FCFA. On...
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Uncertainty over the holding of the round table for infrastructure financing in CEMAC zone

This event is important for member countries of the zone looking for foreign investors. From twelve projects initially at an estimated cost of FCFA 2,820 billion, the PREF-CEMAC Steering Committee...
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BEAC prohibits the use of telephone credit units in CFA Francs

"Communication credits are a commodity, a product or a service which is only used for telephone services and which, even if they have a market value, are not means of...
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