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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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Cameroon to raise 335 billion FCFA from Treasury Bonds between April and June 2020

The various operations for the issue of public securities, planned on the BEAC market, relate to an overall envelope of 335 billion FCFA. “The 2nd quarter of 2020 of the...
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800 Billion FCFA loss in Cameroon’s economy due to Coronavirus

The information is from the Minister of Finance, Louis Paul Motaze, who revealed it during a press conference organized in concert with the Minister of Communication René Emmanuel Sadi, Wednesday...
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“No Commercial flights in Gabon,” Transport Minister

The government clarified on May 12 the alleged resumption of Air France commercial flights to Libreville. “No scheduled airline flight carrying passengers is allowed in Gabon until further notice,” says...
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Gabonese government begins compensation to landlords

The Ministry of the Economy announced, on May 13 in Libreville, the beginning of the payment of compensation to landlords affected by the measure on free rents. Payments are made...
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Equatorial Guinea awards Contract to American Company Nexant for Methanol-to-Derivatives Plant

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea, in collaboration with the Atlantic Methanol Production Company (AMPCO), awarded American company Nexant the feasibility study for the construction of...
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Rosgeo, Russia’s leading geological company, signed first contracts to start exploration and increase the potential of mineral and hydrocarbon resources in Equatorial Guinea

JSC Zarubezhgeologia and JSC Yuzhmorgeologia, internationally operating subsidiaries of the Russia’s state-owned joint stock company Rosgeo and the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea have signed two services contracts for the initial...
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Cameroon Taxation Authorities mobilize 537 billion FCFA in the first quarter of 2020, an increase of CFAF 74 billion compared to 2019

The Covid-19 pandemic, which continues to wreak havoc around the world, has significantly disrupted the world economy in general and that of Cameroon in particular. Despite this precarious situation, the...
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New Gas Master Plan to boost Africa’s First Offshore Gas Mega Hub in the Gulf of Guinea

Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master...
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Gabon seals Mining Convention deal with Apollo Minerals over Kroussou project

The Gabonese government has approved a mining convention agreement on the Kroussou zinc / lead project. It allows the Australian company Apollo Minerals to gain a majority stake in its...
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The Central African Republic Strategizes to beat covid-19

“Analysis of the socio-economic situation of the country and measures to mitigate the impact of covid-19 ’’. This is the main point discussed during the second meeting of the Joint...
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Saar Assurances Tchad put on provisional Administration by Insurance regulator CIMA

The General management of Saar Assurances Tchad in a service note  explains the context of the provisional administration of the company. By regulation N ° 007 / CIMA / 2016,...
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Chad’s Finance boss defends Youth Entrepreneurship Fund law

The Finance and Budget Minister of Chad, Tahir Hamid Nguilin has defended at the National Assembly on Monday the new law establishing a fund for youth entrepreneurship, adopted unanimously by...
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Taxation boss in Cameroon salutes fiscal efforts to assist companies affected by Coronavirus

Cameroon’s Director General of Taxes says that measures taken by Government to contain Covid 19 come at a huge cost. Modeste Mopa Fatoing who spoke to the national daily Cameroon...
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