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Economy

Equatorial Guinea Continues Proactive Industry Engagement to Support the Oil Sector

Equally important, the Minister received a letter from the industry regarding ongoing concerns over forex regulations imposed by the Bank of Central African States (BEAC). On this occasion, he insisted...
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Congo adopts Financial reforms for the next decade

According to the Minister Delegate in charge of the Budget, Ludovic Ngatsé, the global strategy for piloting the 2020-2029 public finance reforms reflects the government's will. "This dynamic of reforms,...
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35th Session of the Ministerial Council of UEAC ongoing in Yaounde today

This Council, which is held the day after the Inter-State Committee organized in Yaoundé on August 4, 2020, will allow the Ministers of Economy and Finance of CEMAC member States...
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Congo-Cameroon Optic fibre inter-connection works launched

The second phase of the Central Africa Backbone (Cab-Congo) project, of approximately 347km of fiber, was officially launched on August 8 in Ntam, a border town, by the Congolese Minister...
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Gabon presents COVID 19 recovery plan to IMF/ World Bank officials

At the end of the discussions, the consensual memorandum adopted by the African governors of the IMF and the World Bank highlighted an improvement in external aid and the effectiveness...
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Christophe Eken begins 4th term at Cameroon’s Chamber of Commerce, Mines, Industries and Craft

Economic operator, promoter of projects in the cassava processing sector, Christophe Eken thus begins his 4th consecutive mandate at the head of CCIMA after elections were held last month.
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Congo strengthens commitment to develop Digital Economy

"This strategy is reinforced by the decrees setting the terms of management of the fund for access and universal service of electronic communications and aims to offer the public throughout...
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Chadian Government discuss with actors of the Livestock sector

Ahmat Mahamat Bachir conveyed to entrepreneurs that the livestock sector is open and promising for those who want to invest in it. "I am even ready to give you the...
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CEMAC in search of 2400 billion FCFA for sub regional integration

From twelve projects initially for an investment estimated at 2820 billion FCFA, the Steering Committee (Copil) of Pref-Cemac has revised its ambitions downwards, thus reducing the number of these projects...
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Chevron’s entry into Equatorial Guinea and Cameroon could be a Turning Point for Central Africa’s Gas Industry

Chevron is indeed a true gas player in the African market. In Nigeria, it has been leading natural gas commercialization efforts for decades through its Escravos projects targeting the monetization...
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Congo and IMF wrap up a deal for the transfer of funds

“The outcome of the discussions with the IMF is favorable to the disbursement of the second tranche of financing and perhaps the lifting of the others. hanging files. In fact,...
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Gabon’s Mine School sets road-map for operations with Government

"Before this Council, it was a question of making the tour of the owner, that we understand the stakes given that the school takes a sub-regional vocation. There are both...
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CEMAC: 5.49% increase in Treasury securities issues in the first quarter of 2020

“During this quarter, the Public Treasuries of Gabon, Chad and Cameroon were the most active on the market, with issues representing respectively 33.43%, 19.89% and 19.42% of the total. resources...
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2020 World Bank – IMF Annual meetings: African Caucus in concertation

For Alamine Ousmane Mey, President of the 2020 African Caucus of the World Bank Group and the IMF, “hosting the African Caucus meeting on Covid-19 confirms the commitment of African...
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