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Economy

Memve’ele Dam to be fully operational by June 2021

The construction of the structure, on Sino-Cameroonian funds, has been completed since June 2017 but the expected energy (211 MW) of the production plant is not yet available at the...
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Cofina Gabon: 4 billion FCFA for SMEs

"I am pleased to have obtained the funding necessary to continue the growth of Cofina Gabon," Cofina Gabon Chief executive revealed.. "It will allow us to continue to meet the...
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Sasol Ltd to end activities in Gabon

Sasol's interests in petroleum include a 27.75% stake in the Etame Marin license off the coast of Gabon, operated by Vaalco Energy, and a 10% stake in a gas to...
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Chadian government empowers 86 employment promoters through ONAPE

Sadick Brahim Dicko reassured that transparency was used in the process of granting these credits by his entity. "No young person will be discriminated against for their political, ethnic, religious...
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Gabon, APPO member states seek ways to increase petroleum production despite Covid 19 threat

The latter resolved to envisage the future with the Covid-19 and see what arrangements are necessary and how to pool efforts in sharing experiences to develop the African oil industry....
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BW Energy: 51 billion FCFA paid to Gabon for the 2019 financial year

These payments to the State are distributed as follows: $ 60.3 million to the General Directorate of Hydrocarbons, or $ 46.1 million in kind based on production; $ 12.9 million...
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Chad: oil revenues increase by 33.4% in the 1st quarter of 2020

During the first quarter of 2020, oil revenues collected in Chad amounted to FCFA 102.1 billion in the 1st quarter of 2020 compared to FCFA 76.5 billion in the 1st...
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New World Bank financing process for Chad under review

This will be allocated to it on the basis of the Annual Assessment of Policies and Institutions (CPIA / EPI). The increase will bring Chad’s envelope from $ 431 million...
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CIMAF Gabon braces up stiff competition with imminent arrival of Dangote cement in Gabon

Cimaf Gabon's approach is not trivial. The arrival of Dangote Cément, led by the Dangote Industries group, suggests a shock in this market segment whose annual demand is 600,000 tonnes....
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Orange promotes African Start-ups through ground-breaking Tech competition

The objective of this challenge is to give entrepreneurs in Africa and the Middle East, and in particular those in Cameroon, the means to get started and develop, "announces the...
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Gabon Telecom triggers 20% drop in internet rates

“In response to requests from several of its customers, Gabon Télécom has made changes to its price list, concerning Internet packages. This revision aims to give better readability, as well...
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UBA Foundation Commemorates 2020 International Day of the African Child, Donates Thousands of Books across Africa

During the virtual session, the Managing Director, UBA Foundation, Bola Atta, spoke to the students on various issues, ranging from financial literacy and the importance of imbibing good reading culture...
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Cameroon launches “Fonds-Proto”

"It will then be necessary to move on to contractualization and the actual support for prototyping … at the end of this stage, a national workshop will be organized to...
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CEMAC zone: beyond Covid-19, multiple issues at stake

Irresolved concerning the process of regional integration, CEMAC, is confronted with this health crisis of Covid-19 which highlights a multiform state of emergency: economic, security and political. When Cameroon, the...
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