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Economy

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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Gabon postpones closing of bid submission on Oil Blocks

The Minister of Petroleum has announced  the postponement of the closing of the bid for the 12th call for tenders for the allocation of 35 oil blocks, originally scheduled for...
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Coronavirus: Alamine Ousmane Mey defends Africa’s interest at IMF/World Bank meetings

Strengthening of health systems, response to factors of vulnerability, strengthening of resource mobilization, promotion of the private sector are, among others, the points on which the African Consultative Group calls...
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New system CAMCIS slows Customs operations in Cameroon

Malfunctions observed in the operation of this system raise fears of a fall in customs revenue due to the unsuitability of the new system based on Korean technology UNIPASS. Will...
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Banks in the CEMAC sub region snub BEAC liquidity offer

The liquidity made available by the Central Bank does not attract the bankers of CEMAC, credited with about 2000 billion FCFA of free reserves, according to the IMF. But beyond...
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Chadian government unveils Economic stimulus plan to assist businesses during covid-19 State of Emergency

Finance and Budget Minister Hamid Tahir Nguilin hosted a press conference this Saturday. He clarified the message to the nation from the President of the Republic, Idriss Deby Itno, and...
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Cameroon to resist Covid-19 induced economic shocks despite recording the highest infection rate in the CEMAC zone

Cameroon is the most affected country in the CEMAC sub region by the covid-19 with over 1,500 cases so far,. However, it will be the least impacted macroeconomically.  Solomane Konén,...
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