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SONATREL to guarantee Electricity Transmission of Nachtigal Dam

For the populations to benefit from the energy available in Nachtigal it had to be transported. A contract for access to the electricity transmission network was signed between the producer...
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MTN and Orange blame poor service delivery in Cameroon on Optic Fibre challenges

As the controversy over telecom quality of service continues, MTN Cameroon said this week that fibre destruction has increased by more than 40% this year compared to the previous year.Following...
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Cameroon begins negotiation for exploration of Iron Ore in Ngovayang, Ntem, Djoum III

Cameroon has significant mineral resources that are very little exploited. This is the case, for example, of the iron ore deposits of Ngovayang, Ntem and Djoum III in the South region and the...
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BDEAC approves Islamic Financing Window

Three items were on the agenda. In particular, the establishment of an Islamic Window; the implementation of the Real Estate Program and the examination of several information notes. Following a...
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“Transfo 2025” plan: The Solution of Gabon to tackle Energy crisis

As Gabonese people continue to suffer from power cuts and irregular water supplies, the ruling military announced the creation of a monitoring committee for a recently launched plan that is...
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China Oil Natural Gas obtains Exploration permits in Congo

The China Oil Natural Gas Overseas Holding United company obtained two exploitation permits last January, including that of Conkouati known for its proximity to the  eponymous national park. During a stay...
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African Philanthropist & Business Leader, Tony Elumelu Sets Out Africa’s Priorities for UNGA 2024

African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy transition central to the discussions at this year’s United Nations General Assembly (UNGA),...
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African Development Bank to finance more Road projects in Cameroon

The African Development Bank ‘s portfolio in the road infrastructure sector in Cameroon is approximately 825 billion FCFA (824,800,696,496 FCFA). The AfDB is thus positioned as the country’s leading technical partner in this area. Taking part...
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Cameroon records drop in Oil and Gas revenue

In the first half of 2024, Cameroon is expected to see a significant drop in its oil revenues, threatening the government’s target of 801 billion FCFA for the year. Factors...
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José Miguel Obiang Nchama appointed new General Manager of BANGE Bank Cameroon

The Former Director of internal audit of Bange SA, takes the reins of the Cameroonian subsidiary of the Equatorial Guinean bank. His appointment comes in a difficult context, three years...
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Congo braces up for Construction of Second Refinery

The parts for the assembly of the plant, which has a capacity of 5 million tonnes per year, are being manufactured, three years after the official start of work on...
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Afriland First Bank to implement funding for Post-COVID 19 SME Recovery

The amount allocated by the Islamic Development Bank to the leader in finance in Cameroon is part of post-Covid19 financing and will support small and medium-sized enterprises. According to the...
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CCA Bank rolls out Bancassurance Services in Yaounde and Douala

Through a week of events from September 7 to 13, 2024, CCA-Bank is highlighting bancassurance in the cities of Douala and Yaoundé. This initiative aims to raise awareness among populations...
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Camalco gets Permit for Minim-Martap Bauxite exploitation

President Paul Biya has officially awarded Camalco, a subsidiary of Australian Canyon Resources, the permit to exploit the Minim-Martap bauxite deposit. This major mining project, worth $2 billion, is expected...
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