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Central African Republic budgets 113 billion FCFA to fight Coronavirus

Before the nation’s elected officials on Wednesday, Firmin Ngrebada, Prime Minister of the Central African Republic, announced that the country is counting on a budget for a response plan against...
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Gabonese citizens to each receive 15,000 FCFA water and 20,000 FCFA electricity “credit” during coronavirus lockdown

The Minister of Energy and Hydraulic Resources of Gabon has announced that, the monthly expenditure inherent in the management of water and electricity during this confinement period is estimated at...
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Gabon’s brewery giant to begin recycling brewery waste

Société des Brasseries du Gabon (SOBRAGA) wants to limit the waste of resources in Gabon. The company plans, with the collaboration of Name Recycling, to go door-to-door in order to...
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IMF Disburses $147 million to Gabon for covid-19 response

Under the Rapid Financing Instrument (IFR) established by the International Monetary Fund (IMF) to mitigate the effects of the Covid-19 pandemic on the economies of member countries, the Bretton Woods...
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Seven additional measures rolled out in Cameroon as covid-19 surges

The Prime Minister of Cameroon has announced new measures, taken on April 9, 2020, following an  inter – Ministerial meeting of the Committee responsible for implementing the government strategy to...
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A Food Emergency plan to be rolled out soon in Chad to curb the Coronavirus

The Chadian Government intends to set up a Food Emergency plan as part of the fight against the coronavirus. The Monitoring and Health security cell held a meeting today with...
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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 turns to BEAC’s financial market to raise funds for key projects

Investors active in the public securities market of the Bank of Central African States have been invited to subscribe to an issue of assimilable Treasury Bonds. (OTA)  of the Cameroon...
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BEAC resumes the injection of funds to assist Banks navigate through Covid 19

The Bank of Central African States BEAC has begun injecting a 250 billion FCFA  liquidity into the banking system of the CEMAC sub-region.This means that, banks in the zone will...
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Congolese Authorities set up joint Natural Resource management platform for ETIC

A  new platform has just been launched for the management of natural resources in the Espace Tridom Interzone Congo (ETIC). This platform will involve local communities and indigenous people in...
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Covid 19: Drop in Car imports from Nigeria to Cameroon slumps customs revenue in the North region

Trade between the North of Cameroon and Nigeria has drastically dropped following the closure of the border by government to contain the spread of the coronavirus.  The closure of the...
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