Cameroon, often referred to as the Miniature Africa due to its cultural, geographical, and economic diversity, once again reaffirms its position as the foremost economic powerhouse in the CEMAC (Economic and Monetary Community of Central Africa) zone. With a flourishing economy and relative stability, the country continues to attract the attention of international investors and...
In a recent announcement on July 19, Commercial Bank-Cameroun (CBC) revealed a capital increase from 16.5 billion to 24 billion FCFA, marking a significant rise of 7.5 billion FCFA (+45.45%). This decision was taken by the shareholders during an extraordinary general assembly held in Douala on June 22, 2023. The final statement announcing the capital...
Aliko Dangote Leads Forbes’ Ranking for the 12th Consecutive Year, with Nigerian and South African Entrepreneurs Dominating the List The total wealth of African billionaires has experienced a slight decline compared to the previous year, dropping from $84.9 billion to $81.5 billion. This decrease underscores the persistent economic inequalities on the continent, further exacerbated by...
The two-day global summit, titled the Global Financial Pact, recently held in Paris, has resulted in substantial progress for disadvantaged nations. However, the long-awaited realization of a radical transformation of the global financial system in favor of the climate is still to be achieved. Global Summit for a New Financial Pact: A Step towards Resolving...
Kate Fotso, an eminent and influential businesswoman, holds a leadership position as the CEO of Telcar, the leading Cameroonian company in cocoa bean trading. Her professional achievements and estimated fortune of 150 billion XAF in 2016 have made her an iconic figure in the business world of Cameroon. Recently, she graciously shared insights into her...
Recent projections on the wealth of nations in Africa, measured by the gross domestic product (GDP) at current prices in dollars, reveal major changes in the ranking of the continent’s richest countries. According to the latest data from the International Monetary Fund (IMF), Nigeria, Egypt, and South Africa currently hold the top three positions. However,...
Paris is preparing to host the Global Financial Compact Summit on June 22nd and 23rd, a high-level meeting aimed at mobilizing financial resources to support global economic development. Africa, a continent experiencing rapid growth, eagerly anticipates significant outcomes from this event, with hopes of strengthening its economies and accelerating its development. The Global Financial Compact...
Sub-Saharan Africa, with its diverse population of over one billion people, holds immense potential for achieving inclusive growth and eradicating poverty. This article explores the region’s abundant human and natural resources, its burgeoning youth population, and the creation of the largest free trade zone in the world. By leveraging these strengths, Africa is embarking on...
Abidjan Africa is undergoing a true transformation in the field of advertising, which has long been neglected by international giants since the years following independence. This shift is attributed to the emergence of a middle class estimated at 300 million individuals on the continent. Despite the challenges resulting from inadequate infrastructure, distribution networks, and advertising...
