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World Bank approves 5 billion FCFA for Covid 19 response in Gabon

The World Bank approved on May 19 a loan of $ 9 million, or nearly 5.397 billion CFA francs, from the International Bank for Reconstruction and Development (IBRD) to strengthen...
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The Development of Equatorial Guinea’s Mining Industry will give a Boost to Economic Diversification and Jobs Creation

Recent developments coming from Equatorial Guinea on the development of its mining and minerals industry are extremely positive and need to be welcomed and applauded. As the demand for key...
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GICAM mutualizes efforts with five workers Trade Unions in preserve jobs in Cameroon

The objective is to pool thoughts, initiatives and other actions in favor of employment and enterprise. Faced with the negative impacts of Covid-19 in companies, the Inter-Employers  Group of Cameroon...
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New boss at Gabon’s ARTF promises far reaching reforms in the railway sector

The new Executive Secretary of Gabon’s  Rail Transport Regulatory Agency (ARTF) took office on May 16. If he is committed to continuing the projects initiated by Karine Arissani, Prosper Ekomesse...
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Poultry farmers in Cameroon loss 7 billion FCFA to Covid-19

The estimate has been released by the West and North West branches of the Cameroon Poultry Interprofession  Association. The Cameroon Poultry Interprofession (IPAVIC) is suffering the full brunt of the...
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Equatorial Guinea Announces Compliance with OPEC Production Cuts Obligations

Equatorial Guinea has announced that it is fully complying with its production cuts obligations under the record OPEC++ global oil cuts deal reached in April 2020 and which took effect...
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Gabon’s Trade and Industry Bank losses 113 million FCFA to fraud stars

The International Bank for Trade and Industry of Gabon BICIG announced on May 18 that it had suffered fraudulent withdrawals by international payment cards, amounting to 113 million CFA francs....
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COMILOG unveils 655 million FCFA project to kick out Covid 19 from Gabon

The Ogooué Mining Company COMILOG intends to step up its aid to the government as part of the response to the Covid-19 in Franceville. The company presented, on May 14,...
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JCDecaux wins Advertising concession at Libreville airport

The subsidiary of the French industrial group specializing in Urban advertising, JCDecaux Gabon, has won the contract for the exclusive advertising operation of Libreville International Airport. CDecaux Gabon has obtained...
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Cameroon Investment Promotion Agency signs agreements with four private companies worth 24 billion FCFA

The sectors concerned are wood, food, chemical industry and manufacturing. On May 14, 2020 in Yaoundé, in order to develop the industrial fabric of the country, the Promotion and Investment...
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Chad’s private press threaten to strike over Covid 19 difficulties

Private television and radio stations in Chad grant have a three-day respite to the new Committee in charge of managing the Covid 19 crisis. On May 9, they threatened to...
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Gabon among African countries to benefit from 2Africa Digital project

A consortium of seven telecom and internet giants announced on May 14 the construction of a 37,000 km submarine cable, dubbed 2Africa. It will link 23 countries in Africa, the...
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BEAC retracts after dangling Devaluation axe on member states

The governor of the Bank of Central African States has assured the public  that the health crisis caused by covid-19 has not affected the level of foreign exchange reserves. “The...
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Cameroon government seals groundbreaking deal with private company to revive limping wood sector

The contract was initialed on May 12, 2020 between the Minister of Mines, Industry and Technological Development, Gabriel Dodo Ndoke, and Mohamadou Hamida, the Managing Director of the said company....
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