One year after the provisional acceptance, the Autonomous Port of Douala (PAD) has officially validated the final acceptance of the works of phase 2 of the project to secure the port area of Douala-Bonabéri. Financed to the tune of more than 32 billion FCFA, this strategic project has made it possible to strengthen the security...
The BGFIBank Group held its Executive Convention and several strategic seminars in Douala from January 28 to 31, 2025. The objective: to mobilize teams, strengthen operational efficiency and prepare for the post-2025 period. A key event for the banking leader in the CEMAC zone. Cameroon’s economic capital, Douala, hosted nearly 120 senior executives from the...
The financial market of the Economic and Monetary Community of Central Africa (CEMAC) experienced a significant drop in transactions in the last quarter of 2024. According to the Quarterly Bulletin of the Stock Exchange of Central Africa (Bvmac), transactions fell by 21% compared to the previous quarter, reaching 2.7 billion FCFA. This decline is explained...
On February 7, a World Bank portfolio monitoring meeting in Chad was held between a World Bank team, led by its Resident Representative Rasit Pertev, and another from the Ministry of Finance, led by Minister Tahir Hamid Nguilin. The meeting aimed to assess the progress and disbursement of the 21 World Bank-financed projects in the...
Announced 16 months ago, the renationalization of Eneo continues to flounder. A monotonous situation that is gradually leading the electricity sector into total agony, thus reinforcing the place of obscurity that has become king among Cameroonian households. Considered a sector of sovereignty in most countries in the world. The electricity segment in Cameroon is facing...
After two consecutive terms at the head of the African Development Bank (AfDB), Akinwumi Adesina is preparing to hand over the reins in May 2025. Five personalities with solid profiles and strategic support are vying for the presidency of this key pan-African institution. Between financial expertise, networks of influence and geopolitical balances, the battle for...
On January 28, 2025, Cameroon was conspicuous by its absence at a crucial hearing before the Court of Arbitration of the International Chamber of Commerce (ICC) in Paris. This refusal to appear is part of the dispute between it and the Australian mining company Sundance Resources, which is claiming $5.5 billion after the loss of...
The revival of economic relations between Gabon and Saudi Arabia should accelerate. On February 4, the Deputy Prime Minister in charge of Planning and Foresight received a delegation from the Saudi Fund for Development (FSD). At the center of the discussions was the consolidation of a historic partnership and the establishment of advantageous financing to...
For over a year, the 7-year bonds issued by the State of Cameroon in 2023 have remained particularly popular on the Central African Stock Exchange (Bvmac). Despite persistent purchase offers, their holders have shown little inclination to part with them, a sign of lasting confidence in this security. Since the trading sessions of January 30...
