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Economy

Gabon Oil: Maurel &Prom sees red in the first half of 2020

The Group's consolidated sales amounted to 142 million dollars in the first half of 2020, down 38% compared to the same period in 2019. The Group's production in M&P share...
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Central African States promise to boost job creation in the sub-region

Regarding the improvement of external aid in this time of health crisis linked to the coronavirus pandemic (Covid-19), the ministers in charge of the Economy wished from the two institutions...
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World Bank ranks Chad 33rd in Africa assessment of policies and institutions

In the report, countries are rated on a scale of 1, corresponding to the lowest score, to 6, on 16 indicators grouped into four categories: economic management, structural policies, social...
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United Nations Economic Commission for Africa launches Price watch list for Africa

In the same vein, Cameroon’s Minister of Economy, Planning and Regional Development - Alamine Ousmane Mey - said “We need to strengthen the relationships between national information and statistics institutions...
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Huawei to construct new site in Brazzaville

Currently, the area concerned houses a one-stop-shop customs clearance agency, the dilapidated buildings of the former Cosmos hotel. A delegation from the Huawei company met last week with the occupants...
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BEAC adopts eTransfer, a new application made available to banks in the CEMAC zone

This is a big step, given that "eTransfer makes it possible to ensure the traceability and availability of real-time monitoring information for banks, public treasuries as well as other economic...
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CEMAC member States pledge to create an early warning mechanism for macroeconomic imbalances

The Council of Economy and Finance Ministers of the CEMAC sub regions , that  met by videoconference on August 10, has  approved new measures to prevent the occurrence of risks...
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COPECO demands payment of Domestic debts

Asked by the press on the amount of this domestic debt, the president of Copéco indicated that the amount of the audited debt 2014-2016 is estimated at seventy-five billion CFA...
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Cameroon and Gabon in search of 42 billion FCFA in the BEAC market

As was already the case on August 5, 2020, the Cameroonian Treasury has entered the money market on August 12 with Gabon, also trying to raise 12 billion FCFA, through...
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Gabon’s South Tchibala 2H Oil wells out of service

According to the tanker, at the time of the shutdown, the well was producing roughly BOPD gross or 225 BOPD NRI at Vaalco before ceasing production. "It may not be...
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Equatorial Guinea’s National Bank given permission to operate in Cameroon

"The aforementioned authorization is granted to the company BANGE Bank Cameroon SA to practice in the banking sector, in strict compliance with the laws and regulations in force", specifies the...
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Congo puts to service new Tax payers file

According to him, the new NUI has the advantage of being secure compared to the first in that it carries a fingerprint, Iris and QR Code. This means that it...
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Digital culture in Cameroon: “17.8% of households use the internet” – MINPOSTEL

To date, MINPOSTEL indicated, “20,000 km of optical fiber have been laid across the country, with urban loops in the 58 departments. There are also four submarine cables installed to...
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CEMAC: Prices of exported commodities fall by 3.2%

According to the BEAC, the variation in the prices of basic products between January and March 2020 was marked by a cumulative decline in energy products (-10.3%) and non-energy products,...
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