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New system CAMCIS slows Customs operations in Cameroon

Malfunctions observed in the operation of this system raise fears of a fall in customs revenue due to the unsuitability of the new system based on Korean technology UNIPASS. Will...
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Gabon shares out more than 20.000 Food Bank vouchers for about 500 million FCFA to needy persons

Ten days after the launch of the activities of the Food Bank, the Ministry of National Solidarity claims the distribution of 20,424 vouchers in total in several districts of Grand...
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Banks in the CEMAC sub region snub BEAC liquidity offer

The liquidity made available by the Central Bank does not attract the bankers of CEMAC, credited with about 2000 billion FCFA of free reserves, according to the IMF. But beyond...
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IMF approves 22 billion FCFA for the Central African Republic

“I came to congratulate the Minister of Finance for the approval by the board of directors of the International Monetary Fund (IMF) of the Rapid Credit Facility program which includes...
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Cameroon turns to IMF to fund covid-19 response as country registers increasing cases

The Board of Directors of the International Monetary Fund will rule on Cameroon’s request for financial assistance on April 28, 2020. The Central African country has been hit hard by...
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Cameroon to resist Covid-19 induced economic shocks despite recording the highest infection rate in the CEMAC zone

Cameroon is the most affected country in the CEMAC sub region by the covid-19 with over 1,500 cases so far,. However, it will be the least impacted macroeconomically.  Solomane Konén,...
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Congo’s Coronavirus response boosted with $11.3 million support from World Bank

The World Bank approved $11.3 million in financing from the International Development Association (IDA)* to help the Republic of the Congo fight COVID-19 (coronavirus) and respond to public health emergencies....
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Cameroon launches ground breaking project Electricity Interconnection with Nigeria

Cameroon plans to launch electricity interconnection with Nigeria, from the Nachtigal hydroelectric plant (420 MW), located 65 km Northeast of Yaoundé, through Bafoussam, the West regional capital. The Minister of...
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Chadian President frowns at poor electricity delivery in the country, summons emergency meeting to resolve the situation

Chadian Head of State Idriss Deby Itno has lashed out at the National Electricity Company SNE for not providing electricity to the population despite measures taken to accompany the enterprise....
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Consolidated turnover of Maurel & Prom Group in the 1st quarter of 2020 at 48.6 billion FCFA

According to Boursier.com, the Maurel & Prom Group’s production in the first quarter of 2020 amounted to 28,916 boe / day, up 1% compared to the fourth quarter of 2019...
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African Development Bank accords over 300 million Euros for rural electrification and the fight against climate change to Cameroon

The African Development Bank (AfDB) has just allocated about 313 million Euros to Cameroon. More than three quarters of this loan is intended to finance two projects relating respectively to...
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“Innovative Tech and connectivity key to fighting Covid-19 in Africa” – Vera Songwe

Dealing with the health and economic challenges of COVID-19 has made one point abundantly clear for African countries – “that we need broadband, faster, cheaper, and expanded to the last mile...
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Gabon’s government lays down modalities for supporting enterprises hit by covid-19

The Ministry of Economy and Finance announces the effectiveness of emergency financing measures for corporate treasury and the moratorium on their bank loan terms, promised by President Ali Bongo during...
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French Development Agency coughs out 3.2 billion FCFA to help Gabon fight covid-19

The French Development Agency (AFD) has just mobilized more than 3.2 billion francs to help Gabon in its fight against the Coronavirus. These funds are part of the Health Sector...
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