Modernizing and strengthening infrastructure, gradually resolving network access problems and improving the quality of services, this is the direction that will be given to the budget of 326.2 billion CFA francs adopted for the 2025 financial year (317.6 billion allocated for the year 2024). Conclusions from the work of the board of directors held on...
The Tony Elumelu Foundation (TEF), Africa’s leading champion of entrepreneurship, is pleased to announce that applications for its 2025 Entrepreneurship Programmes are now open. Aspiring and existing entrepreneurs from across Africa are invited to apply for a chance to receive world-class training, expert mentoring, and non-refundable seed capital funding to scale their businesses. Programmes Open...
The Ministry of Economy’s Sectoral Outlook Note, devoted to the months of July, August and September, analyzes the performance of the cash crop agriculture sector. In this part of the Gabonese economy, palm plantations have weighed down this segment. As for wet rubber production, it improved by 18.5% in the third quarter of 2024. The...
United Bank for Africa (UBA) has announced the appointment of Joseph ABENA as Regional Marketing and Communication Director for the CEMAC region. This choice demonstrates the group’s confidence in its local talents and its desire to assert its presence in this strategic area. UBA Group, a major player in the African banking sector, has started...
The SONARA rehabilitation project, which was severely affected by the 2019 fire, is entering a new phase. The Cameroonian government, with the support of the IMF, is examining the feasibility of integrating a hydrocracking unit into this refinery, which is vital to the country’s oil industry. The rehabilitation of the National Refining Company (Sonara), one...
In an increasingly interconnected global economy, collaboration among business organizations is essential for fostering growth and innovation. Today marks a significant milestone as the American Chamber of Commerce, the European Chamber of Commerce, and the UK Cameroon Chamber of Commerce come together to sign a Memorandum of Understanding (MOU). This Memorandum of Understanding bringing together...
During his visit to Cameroon, Ralph Mupita, Chairman and CEO of MTN Group, unveiled a $100 million investment plan for 2025. This envelope is part of a broader strategy of $300 million over three years (2026-2028). The objective is to strengthen network infrastructure, improve the quality of services and develop innovative digital solutions for a...
Nigeria’s Dangote Refinery and Cameroon’s Neptune Oil mark a historic milestone in their economic cooperation. The first export of refined petroleum products illustrates their vision of a more energy-independent and integrated Africa, while meeting the region’s growing needs. In an unprecedented strategic move, Dangote Refinery and Neptune Oil have just concluded their first fuel export...
Thanks to its initiatives in favor of financial inclusion and its expansion strategy, Ecobank Cameroon, led by Gwendoline Abunaw, has been awarded the prestigious “Bank of the Year 2024” award by The Banker magazine. This title recognizes the institution’s efforts to overcome economic and social challenges in Cameroon, notably through projects dedicated to women and...
