Cameroon and Congo are embarking on an ambitious steel project in Kribi, aiming to generate 50 billion CFA francs in financial benefits. Led by the Bestway Finance consortium, this complex is expected to transform 15% of local iron ores while reducing iron costs on the CEMAC sub-regional market. The Mboro Modern Steel Complex, located in...

United Bank for Africa (UBA) has announced the appointment of Joseph ABENA as Regional Marketing and Communication Director for the CEMAC region. This choice demonstrates the group’s confidence in its local talents and its desire to assert its presence in this strategic area. UBA Group, a major player in the African banking sector, has started...

In Libreville, the President of the Gabonese Transition, Brice Clotaire Oligui Nguema, welcomed a delegation of Egyptian businessmen as part of a partnership aimed at boosting investments. The Nkok Special Investment Zone and other strategic sectors are at the heart of this new era of cooperation between Libreville and Cairo. The President of the Transition,...

Surrounded by all the notables, economic and political elites of the Western region, the Prime Minister proceeded with the official opening of this infrastructure intended for the development of economic activity in this part of the country. The Prime Minister in fact unveiled the inaugural plaque of the Youpwe landing stage and fish market in...

State budget management was at the center of a government seminar this Monday, December 23 in Libreville. Chaired by the Prime Minister of the Transition, Raymond Ndong Sima, these discussions focused on the strategy to be implemented for better control of public finances. The emphasis was therefore placed on three main axes, namely the main...

The Central Bank is counting on a consolidation of growth in the Economic and Monetary Community of Central Africa (CEMAC) to 2.7% in 2024 against 2% in 2023. At the sub-regional level, according to the Bank of Central African States (BEAC), this consolidation follows the good performance of non-oil activities. The assessment of the economic situation...

In order to reduce its dependence on this matter, Gabon plans to create a digital and industrial technology park in 2025 that will produce its own equipment. A fundraising campaign to finance this ambitious project is in the pipeline. Providing Gabon with a space entirely dedicated to high technologies in the digital and industrial fields....

To address Cameroon’s high food dependence on imports, the government has launched a vast land security project covering 400,000 hectares on the Yoko-Lena-Tibati corridor. The aim is to stimulate local production of food crops and reduce the cost of cereal imports. The Cameroonian government is going on the offensive in the face of food challenges....

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...