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Economy

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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The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in Equatorial Guinea

In the face of the covid-19 global pandemic and its consequences on oil prices and African economies, the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has signed a...
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Central African Republic lauds Patapaye project despite challenges

The Minister of Finance and Budget of the Central African Republic has praised efforts made in digitizing the civil service despite the low penetration of internet in the country. Henrie-Marie...
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Construction of the Yaounde-Douala dual carriage way slowed by financial huddles

Emmanuel Nganou Djoumessi, Cameroon’s  Minister of Public Works brought together by video conference  officials of the China First Highway Engineering Company, the company in charge of the works of the...
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Covid-19 to have minimal impact on Cameroon’s Insurance sector

Protais Ayangma, Insurer and founder of the National Insurance Company, now Saham Insurance Cameroon (2014), has just published a note on the impact of the coronavirus (Covid-19) in the insurance...
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Gabon rolls out 407 billion FCFA to stabilize her Economy

Gabon has released 407 billion CFA francs for economic, social and macroeconomic resilience measures, in order to support the impacts linked to the Coronavirus crisis. More than two-thirds of this...
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