A presidential decree signed on January 7, 2024 authorizes the signing of a financing contract with the European Investment Bank (EIB) to supplement the resources needed for the Rural Electrification and Energy Access in Underserved Areas Project (Perace). With this support, the government aims to have 240,000 connections by 2025, reaching more than 2.5 million...
In order to put an end to the shortage of coins which is penalizing commercial transactions in the Central African Economic and Monetary Community (CEMAC) zone, the Bank of Central African States (BEAC) is considering putting into circulation a new range of “type 2024” coins. The announcement was made in a press release issued at...
The Prime Minister of the Transition, Raymond Ndong Sima, spoke this Thursday, January 9 with the Vice President of the Development Bank of Central African States (BDEAC), Jean Paterne Megne Ekoga. The institution’s balance sheet for the year 2024 was presented to the head of government, as well as the outlook for 2025. We thus...
During a ceremony held on January 8, 2025 in Douala, 72 BGFIBank Cameroon employees were decorated by the Minister of Labor and Social Security, Grégoire Owona. These distinctions, symbols of recognition for their contribution to the excellence of the company, are part of a now well-established tradition. The hall was full on January 8, 2025...
In January 2025, the General Directorate of Customs (DGD) aims to mobilize 95 billion FCFA, or 8.31% of its annual target of 1,144 billion FCFA. The strategic sectors of Douala and Kribi remain the main drivers of customs revenue collection, while crisis areas remain behind. The General Directorate of Customs (DGD) is forecasting a collection...
Since January 1, 2025, mobile money users in Cameroon have been experiencing a new increase in costs on money transfer and withdrawal operations. The 2025 Finance Law introduces an additional tax of 4 FCFA per transaction, confirming the State’s desire to maximize revenues from this booming sector. Since the beginning of 2025, transferring or withdrawing...
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...
Appointed by the Council of Ministers on December 18, 2024, the new Director General of the Autonomous Port of Brazzaville and Secondary Ports, Séraphin Mouendzi, and his deputy Lionel Daniel Konabeka took office on January 3. Aware of the heavy task that awaits them, they promise to take up the challenges. An accountant by training,...
