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NEWS

Tradex S.A sets up first service station in Equatorial Guinea

During this solemnity, Tradex Managing Director, Simon Paley, took the opportunity to present the company's ambitions for this neighbouring country and friend of Cameroon. "This is a first step, an...
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GICAM advocates for economic patriotism to summount Covid 19 induced economic shocks

Regarding the publication of the evaluation report of the socio-economic effects of the coronavirus in Cameroon, published by the National Institute of Statistics (INS) and the United Nations System, "they...
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Prof Oramah re-appointed AFREXIMBANK Chief

Also during his speech to shareholders, he also indicated that between 2015 and 2019 Afreximbank disbursed 30 billion US dollars or 17,495 billion FCFA to support African trade. Of which...
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CIMAF invests 9 billion francs to make Gabon self-sufficient in cement

"If we take into account the production of CimGabon, estimated at 150,000 tonnes per year, and Africa Cement which is around 200,000 tonnes, we can easily say that Gabon should...
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Chad and Germany review Economic cooperation

The Minister of Economy and Development Planning says he is very satisfied and very happy to welcome the German ambassador, a first of its kind. Dr Issa Doubragne goes on...
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CAMAIR CO to lay off over 300 workers, Management explains

“… Faced with the cessation of our operating activities, and after having objectively assessed the relevance of all the possibilities offered by the legislation in this area, it appeared necessary...
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Cameroon’s SME Promotion agency launches support program for enterprises

"It will also be capable of mobilizing financial players and banking institutions to finance the prototyping stages, as well as ensuring the viability and sustainability of the Fund."
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World Bank predicts 2.8% decline in sub-Saharan Africa’s economy in 2020

"Growth could resume at 3.1% in 2021 assuming that the pandemic subsides in the second half, that national virus epidemics follow a similar trajectory and that the growth of the...
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African Energy Chamber Calls on Investors to Benefit from Extension of the 12th Gabon Licensing Round

In addition to the seismic data, well data is now available for 167 wells within the MegaSurvey area, in order to support the evaluation of the blocks on offer. “Value-added...
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Cameroon’s Budget Director breaks down reformed 2020 Finance law

Among the major innovations of this finance law, as described in the ordinance of the President of the Republic, there is the creation of a special allocation account called "Special...
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Banana exports in Cameroon drop in May

"By April 2020, banana exports had increased by more than 2,721 tonnes. According to data from the Cameroon Banana Association, they were 16,102 tonnes compared to 13,381 a year earlier....
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Public structures in Cameroon witness significant cuts following slashing of State budget

This drop in revenue is due to the drop in tax revenue (-587.353) driven by "Value-added taxes and turnover" (-298,017), "Taxes on specific products and excise duties "(-69,022)," Import duties...
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Chad and World Bank reach a deal to develop Lake Chad

François NANKOBOGO also explains that PROLAC "is part of the World Bank's regional integration strategy" and reconfirms the latter's commitment "to maintain support for priority areas in Lake Chad, in...
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EDC plans to increase production of the Memvele dam from 60 to 80 Megawatts

Another project is the completion of the power evacuation lines from Nyabizan to Nkolkoumou, nearly 300 km. The work already done up to about 20 km from Yaoundé is dragging...
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