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Economy

Tower Resources operations in Cameroon hit by Covid 19 restrictions

Tower Resources has announced updates in respect of its Thali Production Sharing Contract (‘PSC’) in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, and its binding heads of terms...
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Coronavirus hits Cameroon’s Insurance sector, Prudence Beneficial makes sweeping reforms to adapt

Beside the tragic human toll of the coronavirus, the s already having considerable economic impacts, posing major challenges to the global supply chain and certain business sectors such as airlines,...
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100 young people to be trained on Renewable Energy in Cameroon

A training offer for 100 young people passionate about renewable energy issues has been launched in Cameroon. It is a training project initiated by Environment, Renewable Energies and ICT in...
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Congo plans 2.2 billion FCFA for the development of telecom services in rural areas in 2020

The Republic of Congo has planned to invest the sum of 2 243 900 807 FCFA in the development of telecom services in rural areas. The amount represents 75% of...
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African Development Bank launches 3 billion US Social Bond to fight Covid-19

The African Development Bank (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods...
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Chinese funded projects in Cameroon meet stonewall, Government swings into action

Projects financed by the Chinese government in Cameroon have been gripped by a plethora of challenges; causing some of them to be abandoned. While others  are moving at snail pace. ...
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CEMAC Commission predicts drop in Cameroon’s Economic growth due to Covid 19

The permanent Secretariat of the CEMAC Economic and Financial Reforms Programme –PREF CEMAC has revealed that the coronavirus would have a negative impact on Cameroon’s economy.  The organ of the...
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Cameroon’s SME Bank to fund agricultural projects through 200 million FCFA scheme

The   bank for Small and Medium sized Enterprises in Cameroon wants to strengthen the capacity of the human capital engaged in key sectors of Agriculture. This follows a deal reached...
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Cameroon receives Pan-African aid from Alibaba CEO to tackle Covid 19

Cameroon’s share of the medical support promised by Chinese billionaire and Philanthropist Jack Ma has been received today. The cargo plane dispatched by the Alibaba boss earlier arrived Ethiopia where...
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CEMAC countries challenged to embrace Economic diversification in the face of Covid 19

Economies within the Economic Community of Central African States (ECCAS) will collectively have a 4.7 percentage point drop in their projected GDP growth this year as a result of the...
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Cameroonian Banks roll out plan to sail through Covid-19 storm

As Cameroon’s Coronavirus curve progresses geometrically to 56, the Association of credit Institutions APPECAM says they are getting ready to deal with shocks imposed by the pandemic. This is through...
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Equatorial Guinea Grants Relief to Oil & Gas Services Companies

The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services companies in the country. This is the first...
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São Tomé & Príncipe and Equatorial Guinea lead Energy Cooperation in the Gulf of Guinea

São Tomé and Príncipe and Equatorial Guinea have agreed on the establishment of a Special Zone for Joint Exploration to explore and develop cross-border oil & gas reserves believed to...
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CTR finding fouls SCDP for not respecting storage rules

The Technical Committee for the Rehabilitation of public and para-public sector Enterprises CTR reveals that, the Cameroon Petroleum Depot Company commonly known as SCDP is not compliant with oil stocks...
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