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...
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...
