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Economy

Equatorial Guinea , Year of Investments Advances despite Challenges

COVID-19 has slowed global trade, but Equatorial Guinea is not relenting in its drive for investment and downstream diversification, said the country’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga...
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Rehabilitation of Libreville’s urban roads on good course despite Coronavirus

Launched a few months ago with the aim of rehabilitating the streets  in the municipalities of Libreville, the works are continuing, in compliance with the barrier measures set out by...
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Less than 25% of Cameroon Business Forum resolutions approved by Doing Business

The international criteria and standards of “Doing Business” recognize in all and for everything, 20 recommendations out of the 90 successfully designed at the Cameroon Business Forum. In the absence...
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Gabon to review her industrialization plan to limit black gold dependence

The government will initiate an assessment of the national industrialization strategy with a view to adapting it to new priorities. The initiative aims to lessen the dependence of the national...
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BEAC pessimistic on Economic and Monetary prospects of the CEMAC zone, as Coronavirus slows growth

According to the issuing institution, the Covid-19 will cause, among other things, the deterioration of macro-economic accounts, the fall in external funding, the disruption of intra-community trade, the weakening of...
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Chad envisages construction of dry port with funds from Islamic Development Bank

A project to create a dry port between Adré and Abougoulème is under study, the representative of the Islamic Development Bank (IDB) in Chad, Ali Ousmane Khassim announced this week...
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Cameroon Prime Minister meets Transport and Hotel union leaders to discuss impact of covid-19

At the Star Building on Tuesday, Prime Minister Joseph Dion Ngute received representatives of hotel and transport unions, two sectors among the most affected by the Coronavirus pandemic. For Joseph...
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Gabon’s economic growth rate to slump drastically due to Covid-19

Growth should be around zero in 2020, very far from the 3.8% expected by the government. The coronavirus crisis has gone through this. Highly hoped for in 2020, the increase...
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More than 3000 workers in Gabon put on technical leave

After two weeks of total confinement of Grand Libreville, the impact of Covid-19 on the health of Gabonese companies is alive. 121 companies have resorted to technical unemployment proposed by...
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GICAM cries out for help as Coronavirus eats deep into Cameroon’s Economy

The Cameroon Employers Association known in its French acronym as GICAM is demanding increased support to the private sector from government to mitigate Covid 19 shocks on the economy. This...
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Cameroon’s Cocoa Development Corporation to share 4 million seedlings to farmers to boost cocoa production

The Cocoa Development Company (SODECAO) has announced  the distribution of four million cocoa plants to cocoa farmers in Cameroon in  the cocoa season of 2019-2020. The announcement was made in...
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Equatorial Guinea to grant extensions to Exploration companies and flexibility to producing companies on work programs and capital expenditures

Equatorial Guinea will launch new petroleum regulations to support its hydrocarbons industry with emphasis on improving local content; The Ministry of Mines and Hydrocarbons is pushing forward with its Year...
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Gabonese Government launches project to check food imports from Cameroon

In Meyo Kye and Eboro, two localities bordering Cameroon, a food product transfer dock and a standing cattle processing area will be built. The construction work, which is expected to...
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More than 70 million FCFA to be shared to Chadian entrepreneurs

The Minister of Youth Promotion, Sports and Employment, Mahamat Nassour Abdoulaye announced on Monday that more than 70 million FCFA  will be delivered today Tuesday to young entrepreneurs carrying micro-projects...
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