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13 billion FCFA budgeted for CAB Project

This is the completion of several projects that experienced disruptions last year due to the Covid-19 pandemic, among others, the construction work of the Congo-Cameroon and Congo-Congo fibre optic interconnection...
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Gabon envisages a 3.4% increase in Electricity supply by 2026

The document states that the hydropower sector is expected to dominate the market in Gabon. In 2018, the country produced 1,103.5 GWh of electricity from hydropower plants. However, the country...
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Congolese business magnet Katumbi embraces Agriculture, invests $20 million

Mashamba is also a flour mill that collects the harvested corn, then grinds it and packaging it in 25 kg flour sacks. Mashamba flour is consumed in the Katanga area...
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Cameroon’s Lom Pangar Dam nearing completion

The level of execution of the site is estimated at 45%. Théodore Nsangou reassures that the construction of the 90 kilovolt high voltage transmission line that will leave Lom-Pangar for...
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SODECOTON to construct 25 billion FCFA Oil mill

This project will be implemented in the locality of Tchabal, in the Adamawa region. The Cotton Development Company (SODECOTON) will build a new oil mill in the town of Ngaoundéré,...
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AfDB to assist African countries to combat climate change

Indeed, for several years, the African continent has been regularly affected by cyclones, floods and other droughts. "The countries in difficulty are also the states most vulnerable to climate change,...
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Congo’s President and BEAC Governor discuss PREF-CEMAC reforms

Abbas Mahamat Tolli praised the dynamics of the Congolese financial market, because in a few months of activity the public treasury was able to mobilize around 812 billion CFA francs....
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Cameroon and France renew C2D Deal

According to the explanations of the Minister of Finance, Louis Paul Motaze, Cameroon seized the opportunity of the moratorium decided by the members of the G20 relative to the repayment...
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SCG-Re envisages stronghold in the Central African Sub-region

Through this deployment, the Gabonese reinsurer is banking on its regional proximity to strengthen its presence in Central Africa. The objective, according to its managing director, is to perpetuate the...
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BEAC to unveil new banknotes

It was at the end of the ordinary session of the Ministerial Committee of the Central African Monetary Union (Umac), held on October 2, 2019, at the headquarters of the...
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Perrial Jean Nyodog appointed to the Board of Gulfin

According to the newspaper Le Jour, which reported this information in its edition of March 16, 2021, Mr. Nyodog joined the Board of Directors of Gulfin just a few months...
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DRC Central Bank Governor cautions Prime Minister to initiate economic reforms

Sama Lukonde, affirms the Governor of the BCC, "must bet everything on the necessary reforms which should significantly increase the mobilization of public revenues in order to cope with the...
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Cameroon’s Finance Minister extends Tax payment date

This postponement comes two months after the MINFI postponed by 15 days, the deadlines for payment of taxes for the 1st quarter of 2021. “Legally fixed for the 15th of...
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Congo to raise 100 billion FCFA from CEMAC Financial market

"On the basis of the last National Development Plan (2018-2022), the funding that will benefit the Congolese State will enable it, in line with an economic situation that promises to...
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