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IMF Approves 132 billion FCFA Disbursement to Cameroon to address impact of Covid 19 pandemic

Among the African countries most affected by the Coronavirus pandemic, Cameroon has just received significant financial support. The country of Paul Biya was granted a loan of 226 million dollars,...
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BEAC dangles devaluation hammer on CEMAC countries

The spread of Covid-19 in the Central African Economic and Monetary Community CEMAC still poses a new risk of devaluation of the common currency, the CFA Franc. At least that’s...
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Cameroon Government warns 20 artisanal mining companies to restore exploitation sites within 60 days

The notice comes from the Minister of Mines, Industry and Technological Development, Gabriel Dodo Ndoke. The Minister of Mines, Industry and Technological Development (MINMIDT), Gabriel Dodo Ndoke, dissatisfied with the...
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BW Energy sets ambitious plan despite covid-19

BW Energy gave an update on May 4 of its activities on Dussafu Marin, located off the coast of Gabon. If the oil company currently produces 17,500 barrels per  day...
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Equatorial Guinea takes bold action to aid explorers, Major firms to benefit include Kosmos Energy and VAALCO Energy

The Ministry of Mines and Hydrocarbons will grant two-year block extensions and ease capex requirements for E&P companies amid industry downturn; major U.S. upstream firms to benefit include Kosmos Energy,...
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The Ministry of Mines and Hydrocarbons grants Historic Two-Year Extensions to Oil & Gas Exploration Companies in Equatorial Guinea

In the face of the covid-19 global pandemic and its consequences on oil prices and African economies, the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has signed a...
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Cameroon’s loan request to the IMF postponed over lack of an economic recovery plan

According to the official agenda of the International Monetary Fund (IMF), Cameroon’s case was to be examined on April 28, 2020 by its Board of Directors. But, in the absence...
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Construction of the Yaounde-Douala dual carriage way slowed by financial huddles

Emmanuel Nganou Djoumessi, Cameroon’s  Minister of Public Works brought together by video conference  officials of the China First Highway Engineering Company, the company in charge of the works of the...
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Gabon Telecom supports households against covid-19

Gabon Telecom went there to contribute to the Food Bank on April 30 in Owendo. The leader of the telephony in Gabon has donated 60 tonnes of basic necessities and...
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Covid-19 to have minimal impact on Cameroon’s Insurance sector

Protais Ayangma, Insurer and founder of the National Insurance Company, now Saham Insurance Cameroon (2014), has just published a note on the impact of the coronavirus (Covid-19) in the insurance...
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The Franc CFA to be affected by the covid-19 pandemic

The CFA Franc used within the Central African Economic and Monetary Community (CEMAC) is on the list of potential victims of the covid-19 epidemic which is currently raging in the...
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Banks in the CEMAC zone to face stiff regulations

Banking regulation has remained rigid for the banking sector in the CEMAC zone. Commercial banks in the sub-region are forced to continue to strictly adhere to the prudent rules that...
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Gabon rolls out 407 billion FCFA to stabilize her Economy

Gabon has released 407 billion CFA francs for economic, social and macroeconomic resilience measures, in order to support the impacts linked to the Coronavirus crisis. More than two-thirds of this...
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Equatorial Guniea’s Ministry of Mines and Hydrocarbons pushes for financing of Post Covid-19 Investment Projects

As African markets take the hit of the economic crisis caused by the COVID-19 pandemic, the Ministry of Mines and Hydrocarbons of Equatorial Guinea is pushing for the mobilisation of...
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