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Economy

Gabon facilitates the creation of Enterprises to boost investment

The Digital Investment Counter, according to ANPI-Gabon, is also part of the accompanying measures taken by the government to fight against the spread of Covid-19. The objective is, therefore, to...
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African Development Bank secures support funds for CEMAC countries and the DRC

Support for health structures will be provided for the management of cases, particularly severe cases. Support for the resilience of health systems and populations in Chad, the DRC and the...
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9th ECCAS Extraordinary Session holds in Gabon with groundbreaking reforms

Upon convocation by His Excellency Alain-Claude BILIE-BY-NZE, Minister of State, Minister of Foreign Affairs of the Gabonese Republic, in his capacity as President-in-Office of the Council of Ministers of ECCAS...
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MINEPAT Chief Alamine Ousmane Mey signs three conventions of more than 18 billion FCFA with the French Development Agency

"According to the MINEPAT press release, this funding relates to the response to covid-19, support for economic development in the Far North region and the construction of the headquarters building...
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Senate validates Tax treaty between Gabon and Saudi Arabia

The Senate voted on May 28, in identical form to that of the National Assembly, the bill authorizing the ratification of the tax treaty between the Kingdom of Saudi Arabia...
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Cameroon’s SME Bank loses at least 1 billion CFA francs annually

This establishment, which opened in 2015 by the State of Cameroon, has posted a negative result since 2016, according to a report by the Technical Commission for the Rehabilitation of...
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Cameroon’s inflation rate rising in the first quarter of 2020

A study by the National Institute of Statistics reveals the prices of consumer products increased by 0.5% compared to the 4th quarter of 2019 Compared to the first quarter of...
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Cameroon government behind scheduled time of 2020 Budget

State financial administrations are struggling to produce the statistical publications scheduled in the budget calendar on time. This is a departure from Cameroon’s commitments in terms of transparency and good...
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After drawbacks Chadian authorities re-authorize exportation of arabic gum and sesame

Chadian custom authorities have announced that the export of arabic gum and sesame is authorized throughout the territory while waiting for a joint decree to be taken by the Minister...
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British mining giant BWA Groups gets two exploitation licenses for activities in Cameroon

Investment Company, BWA Group, emphasises its growth strategy to achieve a sizeable investment in the mineral sector through its wholly-owned subsidiary BWA Resources. The company has built a strong portfolio...
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SNH open talks with Russian and British gas giants to scale up production in Cameroon

Cameroon-Cameroon’s National Hydrocarbons Corp., or SNH, and its partner Perenco Cameroon have started talks with Russia’s Gazprom and Britain’s Golar to increase production of liquefied natural gas. LNG production is...
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World Bank dishes out $346 million for development projects in Chad

The World Bank Group approved through the International Development Association (IDA), its institution dedicated to poor countries, a total funding of $ 346 million for two development projects aimed at...
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Chemical labeling of petroleum products earns Cameroon $66 million annually since 2012

The Hydrocarbons, analyzes and controls Unit (Hydrac) has taken stock of the fallout from the chemical marking of petroleum products, implemented in Cameroon since 2012. “We can cite the reduction...
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Post Covid-19: Global Leaders at UBA Africa Day Conversations Pursue Economic Recovery

Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations betweengovernments and the private sector as a panacea...
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