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Chad seals 54 billion FCFA accord to improve electricity supply

According to the Minister of Economy and Development Planning, Issa Doubragne, the Cameroon-Chad interconnection line is one of the flagship projects selected in the energy master plan of the CEMAC...
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Emmanuel Neossi, poised to conquer Africa’s promising business terrain

The NEO Industry Group CEO has also partnered with a French Real Estate and Consultancy company CIOA and now holds 51% shares of the new merger specialized in low-cost housing...
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Gabonese duo at the fore-front of Africa’s technological emancipation

Selena Souah and Feissal Mombo whose parents also worked in the Telecom sector in Gabon are experienced professionals. The former has a Master 2 in Enterprise Finance from the Higher...
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CEMAC economic recession could hit 6% according to BEAC

According to the central scenario, an economic recession of 5.9% is forecast, a slight inflationary rise to 2.5%, that is to say below the Community standard which is 3%, a...
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HPS Boss Prosper Sugewe births financial rating agency in Cameroon

Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (COSUMAF), the CEO of HPS International Consulting SA has engaged in consultations to select experts...
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Gabon: Stable performances in the 1st quarter of 2020 in the water and electricity sector

Drinking water production stabilized at 29.6 million m3 in the first quarter of 2020. "This development can be explained by the saturation of production capacities, especially in Libreville". Sales excluding...
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Chad suffers economic shocks from Covid 19 pandemic

Despite the dreaded disaster, the country's authorities have worked tirelessly to absorb the shock anyway. It is true that the measures taken have far-reaching effects on the labor market and...
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ANOR partners with SME’s in the oil and gas sector to facilitate product certification

Concretely, the aim was to prepare the companies to subcontract to the National Hydrocarbon Company (SNH) and other structures working in the oil and gas sector. The BSTP and its...
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Gabon’s public debt: 648.0 billion FCFA settled in the Q1 of 2020

The settlement of the external debt (88% of payments) was made to the tune of 570.1 billion CFA francs in the 1st quarter of 2020 against 116.9 billion CFA francs...
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Ngueto Tiraina named FAGACE chief

Ngueto Tiraïna Yambaye is, in fact, a high-level economist specializing in International Finance and Financing Strategy. He has over 25 years of international and national experience. Former Minister of Economy,...
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African Development Bank approves 100.5 million euros budget support for COVID-19

Bank analysts warn that Gabon, like much of the globe and the rest of the continent, could fall into recession in 2020, and estimate a negative real GDP growth rate...
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New Managers for Cameroon’s Chantier Naval

Failure in realizing the plan led to the dismissal in 2018 of 270 CNIC employees for economic reasons. It must be said that the company has experienced permanent discomfort for...
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Gabon records increase in Petroleum and decreased exports in Q1 of 2020

The note also points out that “conversely, crude oil exports fell 20.2% to 2.35 million metric tonnes, due to weak demand, linked to the glut of 'international offer'. Explanation: “the...
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New remuneration for Board Chairpersons in Chadian companies

Under the terms of the new decree, PCAs benefit from a salary, the terms of which are fixed by the Board of Directors of each entity. PCAs carrying out another...
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