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NEWS

Covid-19 accelerates Gabon’s new inter-urban transport company Trans’Urb

Gabon’s Transport Minister Léon Armel Bounda Balonzi has launched the activities of Trans’Urb, the public bus company that will facilitate transportation of people in major cities of the country. The...
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Public transport bound vehicles in Cameroon to have 5% custom exoneration

Cameroon’s Finance Minister, Louis Paul Motaze has set the term for the application of a measure to reduce custom tarrif by 5% for imported vehicles intended for public transport. The...
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“In 5 years, Cameroon’s public debt rises to 67.2% of GDP” – MINFI

The public debt and guarantees of Cameroon stood at about 8424 billion FCFA by December 2019. The Ministry of Finance who published the report also reveals the amount represented at...
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State of Cameroon plans to buy TOTAL’s shares at SONARA

The Commission on Public Establishments in Cameroon CTR has revealed that the State has the ambition to buy the shares of Total Outre-mer within the National Oil Refinery company SONARA....
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Despite performance drop, TOTAL Gabon sticks to high dividend share

The TOTAL Gabon Board of Directors has proposed that a dividend of $ 11 per share be distributed on behalf of the 2019 financial year, representing a total remuneration of...
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Cameroon Covid-19 Solidarity Fund registers additional 700 million FCFA

The Special National Solidarity Fund in Cameroon created by the President of the Republic, Paul Biya has seen an additional 770 million FCFA contributed by corporate bodies and private individuals....
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Cameroon unveils 2020-2022 Debt plan

The Cameroonian government unveiled its debt strategy for the period 2020-2022, in a briefing note on issues of bonds of assimilable treasures (OTA) by auction, published on April 1, 2020...
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Cameroonian youth develops application that can list cases of Coronavirus found in each city of the country

Franklin Nguegang, 28, uses information published on the Twitter account of the Minister of Public Health, Dr Manaouda Malachie to showcase Covid-19 infection trends in Cameroon. “The application allows you...
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African Development Bank approves $2 millions emergency assistance for WHO-led measures to curb Covid-19 in Africa

The Board of Directors of the African Development Bank on Tuesday approved  $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African...
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African Governments and Lawyers warned against Covid-19 induced lawsuits

The African Energy Chamber is calling on African governments and the judiciary to take actions to shield oil & gas companies and their workers from lawyers trying to take advantage...
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Cameroon’s Employer Organization releases measures to stabilize Covid-19 hit Economy

After carrying out findings on the impact of the coronavirus on Cameroon’s economy, the Business cartel in Cameroon GICAM has outlined some proposals for implementation by the government. The President...
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Danpullo Group boosts Cameroon’s Covid 19 response with 100 million FCFA

The Danpullo group, represented by the Director General of Nexttel, presented this afternoon in the Conference Room of Ministry of Public Health, a check of 100 million  FCFA  to Dr. Manaouda Malachi,...
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Chad’s Water Corporation to boost Electricity supply in the East with photovoltaic Solar power plant

Brahim Mahamat Djamaladine The water company of Chad (STE) will soon have a photovoltaic solar power plant. The installation is being carried out by Aboussimbil, a Chadian company specializing in...
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Tower Resources operations in Cameroon hit by Covid 19 restrictions

Tower Resources has announced updates in respect of its Thali Production Sharing Contract (‘PSC’) in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, and its binding heads of terms...
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