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Finance

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Fuel price hikes feared as Cameroon drops Subsidy by 248 Billion FCFA in 2025

December 3, 2024By
According to the draft law n°2074/PJL/AN relating to the finance law of the Republic of Cameroon for the financial year 2025, the fuel subsidy will be set at only 15...
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UBA Group to Commence Full Banking Operations in France

December 2, 2024By
As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu in the presence of President Tinubu and the President of France, Emmanuel...
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Oligui Nguema in Egypt to boost Investment Cooperation

December 2, 2024By
On a visit to Cairo, the President of the Gabonese Transition, Brice Clotaire Oligui Nguema, met with Egyptian investors and President Abdel Fattah Al-Sissi. The discussions aim to strengthen bilateral...
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Cameroon tables estimated 2025 State Budget of 7317 Billion FCFA to Parliament

December 2, 2024By
The Cameroonian government has submitted to Parliament its draft budget for 2025, estimated at 7,317.7 billion CFA francs, a slight increase compared to 2024. This envelope places emphasis on public...
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Cameroon home production of Palm Oil declines as Imports soar

November 30, 2024By
Despite colossal investments and jobs generated, the oilseed sector in Cameroon remains under pressure. With a structural deficit of 160,000 tonnes of crude palm oil and increasing imports, the challenges...
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TOTALEnergies Gabon reaps huge in Q3 of 2024

November 29, 2024By
Mainly due to the increase in crude volumes sold by the company, TotalEnergies EP Gabon’s revenue stands at $157 million in the 3rd quarter of 2024, up 27% compared to...
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Nachtigal – Wouro Soua Electricity line to connect Cameroon and Chad

November 28, 2024By
The future high-voltage transmission line between the Nachtigal dam and Wouro Soua, carried by revolutionary carbon-based conductors, is part of the Cameroon-Chad Electricity Grid Interconnection Project (Pirect). This colossal project,...
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TRADEX begins operations in DR Congo

November 27, 2024By
The oil giant TRADEX, a subsidiary of the Société Nationale des Hydrocarbures (SNH) of Cameroon, is expanding its activities in the Democratic Republic of Congo. With a share capital of...
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Congolese Financial authorities urged to Deliver Results on Budget Execution

November 25, 2024By
The Minister of Budget, Public Accounts and Public Portfolio, Ludovic Ngatsé, brought together on November 22 in Brazzaville the general, central and departmental directors of Taxes and Estates and those...
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Nachtigal Dam enters 4th stage Functionality

November 25, 2024By
On November 18, 2024, Nachtigal Hydro Power Company (NHPC) announced the commissioning of the fourth group of the Nachtigal hydroelectric development. This milestone brings the power produced to 240 MW,...
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BGFI Bank Cameroon prepares to unveil Ultra-Modern Head office

November 22, 2024By
BGFI Bank Cameroon is set to mark a milestone in its history with the official inauguration of its new headquarters building on December 6 in Douala. This ultramodern eight-story building...
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Cameroon tables Bill on Local Taxation

November 22, 2024By
Submitted to the National Assembly on November 13, 2024, the bill on local taxation proposes to eliminate certain municipal taxes and introduce major reforms to optimize the resources of decentralized...
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Gabon embarks on EuroBonds 2025 Purchase

November 20, 2024By
The Minister of Economy and Investments, Mays Mouissi, explained, on November 18, 2024 in Libreville, the ins and outs of the early repurchase operation of the Eurobond 2025. This strategic...
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CDC in rough waters, Labourers strike over Accumulated Arrears

November 20, 2024By
Cameroon’s second largest employer after the state, the Cameroon Development Corporation (CDC), which specializes in the production, processing and marketing of export crops such as bananas, palm oil and rubber,...
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