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Finance

Paul Biya orders intensive probe on Glencore bribe receivers

President Paul Biya has taken a major decision by authorizing the Minister of Justice, Laurent Esso, to seek British justice to obtain the names of Cameroonian officials involved in a...
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CAMTEL and CAMWATER Seal Network Infrastructure Pact

Another qualitative leap from Camtel to consolidate its network infrastructure. After the agreement to hand over the 812 km of optical fiber, initially belonging to Eneo Cameroon (signed on Monday...
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Chad and the WFP sign an agreement worth 36 billion FCFA to curb Food crisis

The document was initialed by the Minister of Public Health Dr Abdelmadjid Abderahim and the Deputy Country Director of the World Food Program Enrico Pausilli. The amount was mobilized by...
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IMF says Gabon’s debt at 70% of GDP

Faced with the outcry caused by Gabon’s debt figures (70% of GDP) contained in the recent report produced by the international financial institution, the Resident Representative of the International Monetary...
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Cameroon to get 71.5 Billion FCFA from IMF under Extended Credit Facility

In detail, this new agreement falls within the framework of the first review of the Resilience and Sustainability Facility (FRD), as well as the sixth reviews of the program supported...
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IMF bemoans low income of Gabonese Citizens

The Resident Representative of the International Monetary Fund (IMF), Gomez Agou, spoke on Monday, June 10, on issues relating to the Report of the IMF’s Article IV consultation with Gabon....
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The Potential Impact of Far-Right Governance in Europe on Africa: A Comprehensive Analysis

The possibility of far-right parties coming to power in Europe could have profound and multifaceted consequences for Africa, affecting various economic, financial, social, and cultural aspects. Here is an analysis...
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DRC Central Bank maintains rates with positive Economic Outlook

The Central Bank of Congo (BCC) decided to keep its key rate unchanged at 25% following a meeting of its Monetary Policy Committee held on Friday May 31, 2024. Under...
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Douala Ports Authority and CARPA seal deal to boost Port Expansion

In a strategic approach for the development of port infrastructure, the Autonomous Port of Douala (PAD) signed a framework cooperation agreement with the Support Council for the Realization of Partnership...
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The African Development Bank must re-invent itself – Dr Adesina

Dr. Akinwumi Adesina, the president of the African Development Bank Group, today unveiled an ambitious five-point programme to attract much-needed private sector investment to accelerate Africa’s economic transformation and meet...
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At AfDB meetings Experts urge African nations to make their countries attractive

Experts attending an African Development Bank High-level dialogue in Kenya have urged African nations to intensify efforts to attract private-sector financing to enhance tertiary education and equip the continent’s youth...
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More than 730 billion FCFA mobilized at the Gabon – France Economic Forum

At the end of the first Gabon-France economic forum held on Wednesday 29, which saw the participation of nearly 600 business leaders from both countries, the Gabonese side managed to...
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Globeleq Employees recieve Labour Medals

On May 24, 2024, the Minister of Labor and Social Security, Grégoire Owona, on behalf of the President of the Republic, Paul Biya, honored the Globeleq staff in Cameroon. Alongside...
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Embracing Africapitalism: Path to Sustainable Development and Economic Empowerment – Tony Elumelu

Africa stands at crossroads – a continent beaming with potential, innovation, and promise. As we navigate the complexities of the global landscape, it is important that we chart a course...
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