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Finance

CCA Bank opens about 45.000 Accounts in 2023

The privately-owned bank provided this information in its recent activity report, which also indicates the significant impact of the digitalization of its services as a lever for its performance. Up...
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Congo huge Debt worrisome for the World Bank

With a public debt rate estimated at 96% of the Gross Domestic Product (GDP), Congo is still classified as over-indebted by the World Bank (WB). Getting out of over-indebtedness would...
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World Bank predicts 3.5% Economic Growth for Congo

The recovery of the Congolese economy continues with a growth rate of the gross domestic product (GDP) estimated at 3.5% this year, against 1.9% in 2023. Congo can count on...
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Cameroon earmarks 29.000km of roads for Rehabilitation

he regional meetings ended on July 19, across the national territory. The meetings aimed, among other things, at the effectiveness of the interventions carried out on the national road network...
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African experts to reflect on Resource Management to boost Investments

The African Development Bank (AfDB), through the African Natural Resources Management and Investment Center, is organizing, this August 14, a virtual workshop to validate six diagnostic reports of the multi-country...
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Gabon Independence Trade Fair to promote Local producers

From August 15 to 19, Libreville will host the first Independence Trade Fair, an event organized by the Ministry of Commerce, SMEs-SMIs, through its General Directorate of Commerce (DGC). Placed...
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Congo Financial Authorities implored to maximize Revenue

A few weeks after the Head of State entrusted him with the management of the general directorates of customs and taxes, the Minister of the Budget, Public Accounts and Public...
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Tender for construction of Kikot Dam launched

Signed by its general manager, Christophe Avognon, the call for competition covers three components, namely civil engineering, electromechanics and finally the line and post market.As part of the implementation of...
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African Start ups to benefit from UN Funded Artificial Intelligence Program

The United Nations Development Programme (UNDP), in partnership with the Italian G7 Presidency, will launch a pilot project aimed at accelerating African start-ups specialising in artificial intelligence (AI) for sustainable...
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Banks in the CEMAC zone demand increased liquidity

The recent liquidity offer reveals a significant gap between the amount provided (120 billion CFA francs) and the demand (511 billion CFA francs) expressed by the banks of  the Economic and...
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Gabon intensifies preparation for China – Africa Forum

On Monday, August 5, around the Deputy Prime Minister of the Transition, the Steering Committee responsible for preparing the China-Africa Forum (FOCAC) of September 2024 met to examine the summary...
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Congo to receive 8.3 million US Dollars in Carbon credit

The expected funding of $8,371,060, or approximately 5 billion FCFA, is intended to reward Congo for its efforts in forest conservation and reduction of carbon emissions. This carbon credit should...
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Paul Biya orders Deposit and Consignment Fund to continue takeover of abandoned assets

According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits and...
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Glencore Bribery Scandale: SNH satisfied with announced Trial of Former Glencore staff in London

This follows the transfer on September 10 of former employees of Glencore Company before the Westminster Court in London, according to a press release dated August 2, 2024 and signed...
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