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The Franc CFA to be affected by the covid-19 pandemic

The CFA Franc used within the Central African Economic and Monetary Community (CEMAC) is on the list of potential victims of the covid-19 epidemic which is currently raging in the...
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Banks in the CEMAC zone to face stiff regulations

Banking regulation has remained rigid for the banking sector in the CEMAC zone. Commercial banks in the sub-region are forced to continue to strictly adhere to the prudent rules that...
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Gabon rolls out 407 billion FCFA to stabilize her Economy

Gabon has released 407 billion CFA francs for economic, social and macroeconomic resilience measures, in order to support the impacts linked to the Coronavirus crisis. More than two-thirds of this...
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Equatorial Guniea’s Ministry of Mines and Hydrocarbons pushes for financing of Post Covid-19 Investment Projects

As African markets take the hit of the economic crisis caused by the COVID-19 pandemic, the Ministry of Mines and Hydrocarbons of Equatorial Guinea is pushing for the mobilisation of...
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Equatorial Guinea , Year of Investments Advances despite Challenges

COVID-19 has slowed global trade, but Equatorial Guinea is not relenting in its drive for investment and downstream diversification, said the country’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga...
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Gabon gives out more than 50.000 Food Bank vouchers in two weeks

Two weeks after launching its activities in Grand Libreville, the Food Bank is on track to reach its target of 60,000 households impacted by the distribution of food vouchers and...
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Cameroon eases restrictive measures, steps up support mechanisms to ease Economic shocks of Coronavirus

Transportation, hotels and restaurants, and commerce are the sectors that the government says have been most affected by the coronavirus pandemic. This is the result of a study carried out...
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Rehabilitation of Libreville’s urban roads on good course despite Coronavirus

Launched a few months ago with the aim of rehabilitating the streets  in the municipalities of Libreville, the works are continuing, in compliance with the barrier measures set out by...
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Less than 25% of Cameroon Business Forum resolutions approved by Doing Business

The international criteria and standards of “Doing Business” recognize in all and for everything, 20 recommendations out of the 90 successfully designed at the Cameroon Business Forum. In the absence...
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Gabon to review her industrialization plan to limit black gold dependence

The government will initiate an assessment of the national industrialization strategy with a view to adapting it to new priorities. The initiative aims to lessen the dependence of the national...
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Chad seals deal with Islamic Developemnt Bank for the tarring of Abeche-Abouglem road

Chad and the Islamic Development Bank have signed a loan agreement on for the construction and asphalting of the Abeché – Abouglem road. The Abéché Abouglem section construction and asphalting...
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Gabon pleads for the cancellation of Africa’s debts

Gabon, like other countries on the continent, calls for the cancellation of the debt of African countries without distinction of category. The announcement was officially made by Prime Minister Julien...
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Kribi Port Authorities invest 80 million FCFA for Teleworking

The port infrastructure has also increased its bandwidth to facilitate the digitization of its services. In order to ensure the continuity of its services in this period of health crisis,...
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BEAC pessimistic on Economic and Monetary prospects of the CEMAC zone, as Coronavirus slows growth

According to the issuing institution, the Covid-19 will cause, among other things, the deterioration of macro-economic accounts, the fall in external funding, the disruption of intra-community trade, the weakening of...
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