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Economy

Poultry farmers in Cameroon loss 7 billion FCFA to Covid-19

The estimate has been released by the West and North West branches of the Cameroon Poultry Interprofession  Association. The Cameroon Poultry Interprofession (IPAVIC) is suffering the full brunt of the...
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Equatorial Guinea Announces Compliance with OPEC Production Cuts Obligations

Equatorial Guinea has announced that it is fully complying with its production cuts obligations under the record OPEC++ global oil cuts deal reached in April 2020 and which took effect...
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JCDecaux wins Advertising concession at Libreville airport

The subsidiary of the French industrial group specializing in Urban advertising, JCDecaux Gabon, has won the contract for the exclusive advertising operation of Libreville International Airport. CDecaux Gabon has obtained...
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Cameroon Investment Promotion Agency signs agreements with four private companies worth 24 billion FCFA

The sectors concerned are wood, food, chemical industry and manufacturing. On May 14, 2020 in Yaoundé, in order to develop the industrial fabric of the country, the Promotion and Investment...
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Equatorial Guinea Signs First and Historic Mining Contracts

The Ministry of Mines and Hydrocarbons has signed the very first mining contracts in the country’s history. Five Mining contracts were signed with three different companies and follow the conclusion...
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Gabon among African countries to benefit from 2Africa Digital project

A consortium of seven telecom and internet giants announced on May 14 the construction of a 37,000 km submarine cable, dubbed 2Africa. It will link 23 countries in Africa, the...
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Cameroon government seals groundbreaking deal with private company to revive limping wood sector

The contract was initialed on May 12, 2020 between the Minister of Mines, Industry and Technological Development, Gabriel Dodo Ndoke, and Mohamadou Hamida, the Managing Director of the said company....
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“No Commercial flights in Gabon,” Transport Minister

The government clarified on May 12 the alleged resumption of Air France commercial flights to Libreville. “No scheduled airline flight carrying passengers is allowed in Gabon until further notice,” says...
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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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