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Economy

Cameroon Government launches tender call for Limbe thermal power plant

Gaston Eloundou Essomba, the Cameroonian Minister of Water and Energy, launched on May 7, 2020, a call for expressions of interest, for the pre-qualification of partners with a view to...
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Douala – Bangui corridor regains steam after Covid-19 imposed recess

Freight traffic has resumed along the road which connects Cameroon to the Central African Republic. Last week, Cameroonian truck drivers stopped work after several of them, affected by Covid-19, were...
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New Investment Report Highlights Gabon’s Petroleum Potential

Through the Africa Energy Series Special Report: Gabon 2020, Africa Oil & Power (www.AfricaOilandPower.com) is highlighting extensive investment opportunities in the Gabonese oil and gas sector; Gabon has an ongoing...
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Equatorial Guinea three year limit for employment of foreign workers in the country’s oil & gas industry

In line with Equatorial Guinea’s efforts to ensure that the country’s recovery benefits local jobs creation and national content development, the Ministry of Mines and Hydrocarbons has published a new...
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African Development Bank churns out 26 billion FCFA for Logone bridge project

In its press release published on May 6, 2020, the African Development Bank (AfDB) has announced the disbursement  the sum of CFAF 26.9 billion on April 30, 2020, for the...
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After Cameroon Government eases restrictive measures, GICAM calls on the state to do more

The Cameroon Employers Asociation known in its French acronym as GICAM notes that its proposals have been partially taken into account by the government, and invites the authorities to make...
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Gabon grabs 163rd position in Global pricing of mobile data

Gabon is the 163rd country in the world and 38 in Africa where the average cost of a Gigabyte of mobile data is affordable. It costs 4.89 US dollars, or...
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Cameroon Government warns 20 artisanal mining companies to restore exploitation sites within 60 days

The notice comes from the Minister of Mines, Industry and Technological Development, Gabriel Dodo Ndoke. The Minister of Mines, Industry and Technological Development (MINMIDT), Gabriel Dodo Ndoke, dissatisfied with the...
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BW Energy sets ambitious plan despite covid-19

BW Energy gave an update on May 4 of its activities on Dussafu Marin, located off the coast of Gabon. If the oil company currently produces 17,500 barrels per  day...
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Cameroon Government announces expansion of the Pharmaceutical industry

This is one of the resolutions of the  Cabinet meeting  chaired on April 30, 2020 by the Prime Minister of Cameroon in Yaoundé. On April 30, 2020, Prime Minister Joseph...
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Gabon’s Oil sector suffocate under Coronavirus restrictions

Restrictive measures taken by the government to fight the spread of Covid-19 have a strong impact on the oil sector. The operators are asking the government to make it easier,...
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Gabon eases procedure to create Limited Liability companies SARL

To improve the business climate and its ranking in the next Doing Business report, Gabon recently announced the promulgation of a law on the simplification of the creation of Limited...
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Chadian youths discuss economic revival after covid- 19

During a press conference on Sunday morning, the Association of Young Economic operators presented a plan to support businesses after the covid-19 crisis. The joint covid-19 crisis intervention and management...
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Equatorial Guinea takes bold action to aid explorers, Major firms to benefit include Kosmos Energy and VAALCO Energy

The Ministry of Mines and Hydrocarbons will grant two-year block extensions and ease capex requirements for E&P companies amid industry downturn; major U.S. upstream firms to benefit include Kosmos Energy,...
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