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Economy

Congo’s Coronavirus response boosted with $11.3 million support from World Bank

The World Bank approved $11.3 million in financing from the International Development Association (IDA)* to help the Republic of the Congo fight COVID-19 (coronavirus) and respond to public health emergencies....
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Cameroon launches ground breaking project Electricity Interconnection with Nigeria

Cameroon plans to launch electricity interconnection with Nigeria, from the Nachtigal hydroelectric plant (420 MW), located 65 km Northeast of Yaoundé, through Bafoussam, the West regional capital. The Minister of...
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African Development Bank accords over 300 million Euros for rural electrification and the fight against climate change to Cameroon

The African Development Bank (AfDB) has just allocated about 313 million Euros to Cameroon. More than three quarters of this loan is intended to finance two projects relating respectively to...
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Gabon’s government lays down modalities for supporting enterprises hit by covid-19

The Ministry of Economy and Finance announces the effectiveness of emergency financing measures for corporate treasury and the moratorium on their bank loan terms, promised by President Ali Bongo during...
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BSTP Cameroon reassures SME’s as covid-19 chokes companies

The Cameroon Subcontracting and Partnership Exchange (BSTP-CMR) wants to allay the concerns of SMEs / SMIs. In a letter sent to heads of these enterprises, the Director, Evariste Yameni, describes...
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Equatorial Guinea’s Ministry of Mines and Hydrocarbons will host a webinar on the current state of the oil industry and how we can recover

The Ministry of Mines and Hydrocarbons and the African Energy Chamber will host an open webinar on the current state of the global oil markets;  Gabriel Mbaga Obiang Lima, Minister...
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Cameroon to benefit from 230 billion FCFA G20 Moratorium, but must fulfill “stressful” conditions

To benefit from the 12-month moratorium granted by G20 countries, Cameroon will still have to fulfill half a dozen conditions. This is contained in a term sheet of the moratorium....
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Chad’s Technical and financial partners mobilized against Coronavirus

The Minister of Economy and Development Planning, Issa Doubragne has  exchanged with some representatives of the agencies of the United Nations system in Chad as well as heads of banking...
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Cameroon raises over 3000 billion FCFA in 10 years for infrastructural projects

The public treasury in Cameroon has mobilizes 3,122.75 billion FCFA  in 10 years. Road infrastructure and engineering structures, water and energy, construction and rehabilitation of sports infrastructure are the sectors...
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Covid-19 triggers 10% loss monthly revenue in Cameroon

The statistics have been revealed by the Maritime Delivery Agency taken up by Alphaliner, the world reference in online navigation. In its traditional newsletter, Alphaliner (currently considered the global benchmark...
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Cameroon Postal Service CAMPOST to launch E-Commerce platform soon

The invitation to tender is limited to six consultants whose files were expected on April 8, 2020. At the end of the selection, the best will be selected to support...
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Orange Cameroon wins best mobile internet performance in 2019

In 2019, Orange Cameroon provided the best performance of mobile internet in Cameroon. This is evident from the annual report by the global observer of the assessment of mobile networks...
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Gabon shuts down physical counters to stop Covid 19 spread

As part of the support measures for economic operators, to mitigate the effects of the coronavirus, physical counters have been temporarily closed at the Gabonese Ministry of the Economy. These...
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BEAC prescribes electronic payment mechanisms to curb spread of covid-19

The Bank of Central African States BEAC is very concerned about the well-being of the populations of the member countries of the Economic and Monetary Community of Central Africa CEMAC,...
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