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Economy

Chad’s 30 billion FCFA youth entrepreneurship fund operational

The government and local banks have agreed on loan mechanisms for young Chadian entrepreneurs. "Young project leaders will now be able to benefit from more flexibility and access to finance...
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Covid-19: Africa’s economic growth estimated at 3% in 2021

Hanan Morsy, Director of the AfDB's Macroeconomic Policy, Forecasting and Research Department, says the Africa Economic Outlook 2020 Supplement shows that for the first time in half a century, Africa...
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African Energy Chamber Salutes BEAC’s Authorization to Open Foreign Currency-labelled Escrow Accounts

“We applaud the BEAC for listening to the private sector concerns and for adopting a pragmatic approach to foreign currency regulations in the wake of the ongoing crisis caused by...
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Jules Ngankam named Head of African Guarantee Fund

About his career, Jules Ngankam has "more than 15 years of experience in the field of banking and financial services within leading financial institutions", writes our colleague. Before joining the...
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BDEAC to assist in the realization of Congo’s Economic programme

The members of the Board of Directors also discussed the financial situation of the bank in the context of a health crisis due to the coronavirus. "The BDEAC is doing...
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BMN showcases promising opportunities in Cameroon’s Beverage, Meat and Fish sectors

The commissioning of strategic positioning studies for these sectors follows a goal: to give companies the keys to understanding and mastering the opportunities offered by this space. "This will allow...
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BEAC report reveals a 14.9% drop in CEMAC exports

"A sharp drop, especially since the previous quarter, exports had increased by 2.1%, oil has contributed more than 88.3% to the overall evolution, while the contribution of agricultural products was...
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Gabon seeks ways to promote Coffee production and sales

"The purpose of my visit was to come and present to the Prime Minister the policy for promoting the coffee produced by Caistab. The various sales made in several supermarkets...
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Chad seals two financial deals for Development

The second agreement concerns the Global Environment Facility (GEF). It is valued at 5.3 million US dollars or about 4 billion CFA francs. It supports the Reinforcement of Resilience to...
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Gabon: the diaspora contributes 0% to GDP

Estimated in millions of US dollars, the contribution of the Gabonese diaspora is again the least important on the continent, arriving three places before the last (Sao Tome and Principe,...
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Congo and UNDP to strengthen community involvement in SDGs

According to the two parties, the work plan will facilitate the assessment of the efforts made to achieve the results of the 2018-2022 National Development Plan and the SDGs, as...
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Chad hails relations with China after successful digitization of infrastructure

The Director-General of Huawei Technology Chad, Mr. Kong Ling Yu, presented the three components of the project, namely the construction of a national data centre, the construction of an optic...
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“Dikalo”: 100% Made in Cameroon Social Media platform for Africa

The major advantage of Dikalo is respect for private data. Each user in Dikalo has a private personal code. It is with this code that you could find a friend...
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French Development Agency churns out 4.8 billion FCFA to promote Higher Education and Employment in Congo

Two financial agreements worth 7.35 million euros were signed on July 8 in Brazzaville between the Minister of Finance and Budget, Calixte Nganongo, the French ambassador to the Congo, François...
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