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Economy

Cameroon’s Foreign Trade Operations Window GUCE reviews work strategy to deal with covid-19

In the context of the Covid-19 pandemic, the Single Window for Foreign Trade Operations (GUCE) has reviewed its operation. In consultation with foreign trade players, the company has, over the...
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Islamic Development Bank churns out 64 billion FCFA to support Cotton production in Cameroon

Ninety eight million euros, or 64.3 billion FCFA is the amount of the loan agreement signed between the Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey, and...
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Cameroon government to hand over 1500 tonnes of Agricultural seeds to farmers for 2020 Farming season

In a social context marked by the global health crisis due to Covid-19, the socio-political crisis in the North-West and South-West regions and cash flow tensions affecting the capacity to...
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Framework for “Transgabonaise” highway outlined, project to commence soon

The rehabilitation of the “Transgabonaise”, the longest road in Gabon, will be accelerated. The Council of Ministers have met this week to examine and approve the draft decree approving the...
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Congo issues permits for potash exploitation

Congolese authorities have issued two environmental permits to Kore Potash to mine the Dougou and Kola deposits at its Sintoukola potash project. The mining company now has the necessary authorizations...
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Hotel Group “La Falaise” suspends operations in Douala due to Covid-19

After dismissing some of its staff, the La Falaise Hotel group has finally closed its three hotels located in the Akwa, Bonanjo and Bonapriso neighbourhoods in Cameroon’s economic hub Douala....
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“No contamination of our products” – SOBRAGA

The Société des Brasseries du Gabon SOBRAGA  has announced that her products are Covid 19 free, emphasing that all measures have been taken to avoid any contagious infection within the...
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Commercial Banks in Cameroon refuse loans to SME’s due to covid-19.

Following the outbreak of the coronavirus in Cameroon, Commercial banks in the country have decided to stop receiving credit application files from individuals: especially those working in the private sector,...
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Chad requests $115 million to resolve economic challenges from covid-19

At the request of the Chadian authorities, the Board of Directors of the International Monetary Fund (IMF) will make available to the country $ 115 million to meet urgent budget...
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Cameroon seals agreements with AfDB to strengthen Electricity connection and Aquaculture with Chad

The Minister of Economy, Planning and Regional Development has sealed three loan deals with the African Development Bank to finance some priority projects in the country. Alamine Ousmane Mey who...
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Cameroon’s major Business fair “FIAC-Pm EXCHANGE” postponed due to Coronavirus scare

Originally scheduled from April 4 to 19, 2020, the Douala International Business and Trade Fair (FIAC), under the label “FIAC-PmExchange 2020”, was postponed because of the Covid-19. But it could...
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French startup Heetch leaves Cameroon following Covid-19 threat

Threatened directly by the Covid-19 from French soil, Heetch the French VTC application has decided to suspend its operations in Cameroon. This is contained in a recent statement made public....
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Covid-19 accelerates Gabon’s new inter-urban transport company Trans’Urb

Gabon’s Transport Minister Léon Armel Bounda Balonzi has launched the activities of Trans’Urb, the public bus company that will facilitate transportation of people in major cities of the country. The...
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Coronavirus provides opportunity to boost local products in Cameroon despite inherent shocks

Despite the pain, the risks, the loss of human life and materials since the arrival of COVID-19; the Cameroonian entrepreneurs can seize the opportunity to boost the economy and make...
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