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Economy

Coronavirus grips Congo Brazza’s economy, several sectors touched

A strong economic recession with a negative growth rate of between 10% and 7%, a sharp increase in unemployment, through the loss of jobs, especially in the formal sector, a...
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Alain Nkontchou named Board chairman of Ecobank Group

"I am more confident and confident that my successor to the post of President, Mr. Alain Nkontchou will continue to lead the Board of Directors in his journey towards leadership,"...
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Gabonese local companies accuse the government of bias contract awards

In a letter sent on June 20 to Bogdan Sgarcitu, the Director General of ANGTI, the boss of Faco Construction indeed mentions "negligence and illegal practices and not in accordance...
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Cameroon and Nigeria to construct a bridge over the Cross River

The specific objective assigned to the consultant who will be selected is to examine the design of the new bridge, in order to check its adequacy and effectiveness.
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Congolese government to foster digital platform through 1Rivet support

For the minister, who sees digitization as an efficiency opportunity that will bring additional revenue to the government, "we cannot have platforms dotted around each department." Léon Juste Ibombo said...
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Chad seals 54 billion FCFA accord to improve electricity supply

According to the Minister of Economy and Development Planning, Issa Doubragne, the Cameroon-Chad interconnection line is one of the flagship projects selected in the energy master plan of the CEMAC...
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Emmanuel Neossi, poised to conquer Africa’s promising business terrain

The NEO Industry Group CEO has also partnered with a French Real Estate and Consultancy company CIOA and now holds 51% shares of the new merger specialized in low-cost housing...
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Gabonese duo at the fore-front of Africa’s technological emancipation

Selena Souah and Feissal Mombo whose parents also worked in the Telecom sector in Gabon are experienced professionals. The former has a Master 2 in Enterprise Finance from the Higher...
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CEMAC economic recession could hit 6% according to BEAC

According to the central scenario, an economic recession of 5.9% is forecast, a slight inflationary rise to 2.5%, that is to say below the Community standard which is 3%, a...
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HPS Boss Prosper Sugewe births financial rating agency in Cameroon

Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (COSUMAF), the CEO of HPS International Consulting SA has engaged in consultations to select experts...
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Gabon: Stable performances in the 1st quarter of 2020 in the water and electricity sector

Drinking water production stabilized at 29.6 million m3 in the first quarter of 2020. "This development can be explained by the saturation of production capacities, especially in Libreville". Sales excluding...
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Chad suffers economic shocks from Covid 19 pandemic

Despite the dreaded disaster, the country's authorities have worked tirelessly to absorb the shock anyway. It is true that the measures taken have far-reaching effects on the labor market and...
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ANOR partners with SME’s in the oil and gas sector to facilitate product certification

Concretely, the aim was to prepare the companies to subcontract to the National Hydrocarbon Company (SNH) and other structures working in the oil and gas sector. The BSTP and its...
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Ngueto Tiraina named FAGACE chief

Ngueto Tiraïna Yambaye is, in fact, a high-level economist specializing in International Finance and Financing Strategy. He has over 25 years of international and national experience. Former Minister of Economy,...
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