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First round of Three Treasury Bond series earns Cameroon 71 billion FCFA

Cameroon has raised 71 billion FCFA at the end of a 5-year fungible Treasury bonds issuance (T-bonds) operation on April 8, 2020. Investors we are told offered up to 75...
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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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UNDP pledges support to the CAR over covid-19 response

The Central African Republic Minister of Finance and Budget Henri-Marie has exchanged  with the resident representative of the United Nations Development Program (UNDP) in the Central African Republic Nathalie Boucly....
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US think-tank says Congo’s difficult economic situation poses a major challenge for BEAC

The economic situation in the Republic of Congo will be a challenge for the Bank of Central African States (BEAC) in 2020, in the light of the latest analysis provided...
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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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