According to a press release made public on December 5, 2024 by the Director General of the Autonomous Port of Douala, the Paris Court of Appeal has annulled the arbitration awards ordering the Autonomous Port of Douala (PAD) to pay more than 37 billion FCFA to the company Douala International Terminal (DIT). A decision hailed...
Cameroonians have emerged as some of the top beneficiaries of the United Bank for Africa (UBA) Group’s Graduate Management Accelerated Programme (GMAP). This initiative has placed UBA Group at the forefront of providing young graduates with hands-on training across the countries where it operates. Many of the program’s standout participants ultimately secure lucrative positions within...
Gabonese banking group BGFIBank plans to open 10% of its capital to investors via the Central African Stock Exchange (BVMAC). This strategic operation, initially planned for 2020, takes place in a more serene economic context and aims to strengthen the dynamism of the regional financial market. During the inauguration of the new headquarters building of...
On the occasion of International Banking Day, celebrated on 4 December, Ecobank Cameroon reaffirms its commitment to sustainable development. The institution highlights its role in financing sustainable initiatives and its ambition to actively contribute to a better future for Africa and the world. Established by the United Nations General Assembly in 2019, International Banks Day...
On Thursday, Samuel Eto’o, President of FECAFOOT, and Mitwa N’GAMBI, General Manager of MTN Cameroon, signed a partnership contract renewed for two years. This collaboration aims to strengthen the development of professional football and sports infrastructure in Cameroon. In a ceremony held at the headquarters of MTN Cameroon in Douala, the Cameroon Football Federation (FECAFOOT)...
On November 24 and 25, 2024, Douala hosted the 7th edition of the MTN Business Academy. This annual event provided training for local entrepreneurs, with a focus on digital transformation and strengthening managerial skills. An initiative that aims to strengthen the competitiveness of SMEs, essential to the national economy, in a changing economic environment. Small and...
As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement is a significant indication of support by the French...
Mainly due to the increase in crude volumes sold by the company, TotalEnergies EP Gabon’s revenue stands at $157 million in the 3rd quarter of 2024, up 27% compared to the 2nd quarter. Compared to the previous quarter (124 million dollars), in the third quarter of 2024, TotalEnergies EP Gabon recorded a turnover of 157...
The oil giant TRADEX, a subsidiary of the Société Nationale des Hydrocarbures (SNH) of Cameroon, is expanding its activities in the Democratic Republic of Congo. With a share capital of 2.5 billion CFA francs, this new subsidiary aims to strengthen energy autonomy and stimulate the country’s economic emergence. TRADEX RDC officially launched its activities on...
