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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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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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