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...
On a visit to Cairo, the President of the Gabonese Transition, Brice Clotaire Oligui Nguema, met with Egyptian investors and President Abdel Fattah Al-Sissi. The discussions aim to strengthen bilateral cooperation in sectors such as infrastructure, trade and energy, while paving the way for structuring investments for Gabon. During his stay in Cairo, the President...
The Cameroonian government has submitted to Parliament its draft budget for 2025, estimated at 7,317.7 billion CFA francs, a slight increase compared to 2024. This envelope places emphasis on public investment, with an increase of 16.1% in this area, while relying on growth in the non-oil sector. The draft budget of the Cameroonian State for...
Despite colossal investments and jobs generated, the oilseed sector in Cameroon remains under pressure. With a structural deficit of 160,000 tonnes of crude palm oil and increasing imports, the challenges related to local production, regulation and unfair competition worry the sector’s players. Over the past seven years, Cameroon has seen its imports of crude palm...
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 future high-voltage transmission line between the Nachtigal dam and Wouro Soua, carried by revolutionary carbon-based conductors, is part of the Cameroon-Chad Electricity Grid Interconnection Project (Pirect). This colossal project, supported by many international partners, promises to improve access to electricity, reduce greenhouse gas emissions and strengthen energy integration in the sub-region. With 524 km...
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...
The Minister of Budget, Public Accounts and Public Portfolio, Ludovic Ngatsé, brought together on November 22 in Brazzaville the general, central and departmental directors of Taxes and Estates and those of Customs and Indirect Taxes to remind them of the obligation of results in the collection of public funds. In a pedagogical but sincere tone,...
On November 18, 2024, Nachtigal Hydro Power Company (NHPC) announced the commissioning of the fourth group of the Nachtigal hydroelectric development. This milestone brings the power produced to 240 MW, marking a significant step forward in Cameroon’s energy development. Launched in 2016, the Nachtigal hydroelectric project, located in the Central region, aims to strengthen the...
