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NEWS

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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Equatorial Guinea Signs First and Historic Mining Contracts

The Ministry of Mines and Hydrocarbons has signed the very first mining contracts in the country’s history. Five Mining contracts were signed with three different companies and follow the conclusion...
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Chad’s private press threaten to strike over Covid 19 difficulties

Private television and radio stations in Chad grant have a three-day respite to the new Committee in charge of managing the Covid 19 crisis. On May 9, they threatened to...
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800 Billion FCFA loss in Cameroon’s economy due to Coronavirus

The information is from the Minister of Finance, Louis Paul Motaze, who revealed it during a press conference organized in concert with the Minister of Communication René Emmanuel Sadi, Wednesday...
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Motaze downplays BEAC’s Devaluation hypothesis, insist CEMAC States are working hard to eradicate Coronavirus

According to the Minister of Finance of Cameroon, the CEMAC states are working to mitigate the effects of the coronavirus on monetary parity. “The risk that hung over our heads...
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