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NEWS

IMF predicts -1.2% economic growth rate for Cameroon in 2020

“GDP growth is expected to fall sharply to -1.2%, about 5 points lower than the pre-pandemic projection. The pandemic has resulted in a substantial deterioration of the global economic environment,...
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Cameroon Custom chief lauds Bollore for contributing to CAMCIS

"Ultimately I am very satisfied, and I would like to thank the Bolloré Group here because when it was a question of finding a partner, a structure to support us,...
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Tax rebates for 175 SMEs and VSEs in Gabon

The lucky ones were selected after examining the files by the Tax Counter, said the Minister of Economy. "Beneficiaries of tax breaks are asked to approach the tax centres on...
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African Development Bank secures support funds for CEMAC countries and the DRC

Support for health structures will be provided for the management of cases, particularly severe cases. Support for the resilience of health systems and populations in Chad, the DRC and the...
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Cameroon to lose 300 billion FCFA of petroleum revenue due to Covid 19

"If I take the case of oil, we have made our 2020 finance law on an assumption of a barrel at 54.4 dollars. There we are at less than 30...
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Gabon announces laboratory to accelerate Covid-19 testing

Gabon will commission a new analytical laboratory as part of the fight against Covid-19. Named by President Ali Bongo Ondimba,  after Professor Daniel Gahouma, a “symbol of medical excellence” in...
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Elumelu says Covid-19 Presents Opportunity to Reset Africa

The founder of the UBA Group advocates a kind of Marshall Plan which will ease the debt burden and give priority to young people through the increased support for the...
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Insurance: Fraud alert at NSIA Gabon

The New Interafrican Insurance Company of Gabon (NSIA Gabon) has just detected an insurance scam, through a fraudulent document promising commitments on promises of compensation in the event of loss...
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CEMAC foreign reserves generated 13 billion FCFA interest in 2019

This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of...
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SETRAG gets 30 new tankers to facilitate petroleum transport

The operating company of Transgabonais (SETRAG) has just reinforced its equipment. The company acquired 30 new tanks with a capacity of 24,000 cubic meters each. Produced in South Africa, they...
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Effective payment of PIP 2nd quarter 2015 underway in Gabon

The Ministry of Economy and Finance reports on the effectiveness of payment of arrears for the second quarter of 2015 of the Performance Incentive Bonus (PIP) of health personnel. More...
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BW Energy records mixed returns in the Q1 of 2020

BW Energy has just announced an increase in production on the Turtle field to 11,485 bpd in the first quarter of 2020, against 10,735 bpd in the 4th quarter of...
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DHL Cameroon gets new boss

Véronique Ebenye Epangué has been appointed to the post of National Director for DHL Cameroon, we learned in an official press release from the group, after recent renovations at the...
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Gabon records milestone wood export to China

Despite the Covid-19 pandemic in the country, the Minister in charge of Forests attended, on May 19 at the Port of Owendo, the largest load in the history of Gabon...
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