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“Innovative Tech and connectivity key to fighting Covid-19 in Africa” – Vera Songwe

Dealing with the health and economic challenges of COVID-19 has made one point abundantly clear for African countries – “that we need broadband, faster, cheaper, and expanded to the last mile...
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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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French Development Agency coughs out 3.2 billion FCFA to help Gabon fight covid-19

The French Development Agency (AFD) has just mobilized more than 3.2 billion francs to help Gabon in its fight against the Coronavirus. These funds are part of the Health Sector...
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IMF disburses $ 38 million to CAR under the credit facility to mitigate the impact of covid-19

The Executive Board of the International Monetary Fund (IMF) approved, on April 20, an emergency disbursement in the amount of 27.85 million special drawing rights, the equivalent of approximately $...
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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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CENEEMA budgets 5 billion FCFA to boost Cameroon’s Agriculture from 2020-2022

The National Center for Studies and Experimentation in Agricultural Machinery (CENEEMA) has voted a budget of 5 billion FCFA, allocated for her projects in the biennial 2020-2022. This was during...
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Kribi Deep Sea Ports scores remarkable revenue increase in 2019

Two years after its entry into service on March 2, 2018, the Autonomous Port of Kribi (PAK), in the South region, has achieved performances that have clearly increased over the...
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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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NSIA Group splashes 322 million FCFA for covid-19 response in West and Central Africa

The NSIA Group, a Pan-African company engaged in the Banking and Insurance sector present in West and Central Africa, has  donated 322,000,000 FCFA in cash, medical ambulance and health kits,...
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“Covid-19 will cost Gabon a 600 billion FCFA budget loss” – Former Economy and Finance Minister

Régis Immogault has outlined some possible solutions to help the Gabonese state master the economic shock caused by the Covid-19. Noting that the crisis will cause budget losses of around...
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IMF disburses $155 million to help Chad counter Coronavirus

The IMF (International Monetary Fund) Board of Directors approved the disbursement of $ 115.1 million to the Chadian government to combat the Covid-19 pandemic. The context is particularly unstable. With...
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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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French mining giant ERAMET creates 6 billion FCFA Solidarity plan to fight Covid-19 in Gabon

The French multinational announces the establishment of a group Solidarity plan worth 1.5 million euros, about 6 billion CFA francs for the response to the Covid-19 and a reallocation of...
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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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