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Economy

Equatorial Guinea awards Contract to American Company Nexant for Methanol-to-Derivatives Plant

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea, in collaboration with the Atlantic Methanol Production Company (AMPCO), awarded American company Nexant the feasibility study for the construction of...
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Rosgeo, Russia’s leading geological company, signed first contracts to start exploration and increase the potential of mineral and hydrocarbon resources in Equatorial Guinea

JSC Zarubezhgeologia and JSC Yuzhmorgeologia, internationally operating subsidiaries of the Russia’s state-owned joint stock company Rosgeo and the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea have signed two services contracts for the initial...
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New Gas Master Plan to boost Africa’s First Offshore Gas Mega Hub in the Gulf of Guinea

Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master...
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Gabon seals Mining Convention deal with Apollo Minerals over Kroussou project

The Gabonese government has approved a mining convention agreement on the Kroussou zinc / lead project. It allows the Australian company Apollo Minerals to gain a majority stake in its...
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Saar Assurances Tchad put on provisional Administration by Insurance regulator CIMA

The General management of Saar Assurances Tchad in a service note  explains the context of the provisional administration of the company. By regulation N ° 007 / CIMA / 2016,...
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Cameroon Breweries to maintain production despite Covid-19

It is the epitome of a press release signed by members of the Cameroon Alcohol Producers Association CAPA which also has Sofavinc and Fermencam as members. In a press release...
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Works on Chad’s dairy complex in good shape, project to be delivered in December 2020

The Mandélia dairy industrial complex will probably be delivered by the end of 2020. This was evident from the visit made by the Minister of Livestock and Animal Production, Gayang...
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Gabon creates Tax window to support enterprises affected by Coronavirus shocks

Gabon’s Directorate General of Taxes  has published the practical terms of access to support and support measures for the economic and social fabric in the face of the impact of...
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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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