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...
BGFI Bank Cameroon is set to mark a milestone in its history with the official inauguration of its new headquarters building on December 6 in Douala. This ultramodern eight-story building illustrates the bank’s ambitions, its commitment to Cameroon’s economic development, and its concern for the well-being of its employees. The Cameroonian subsidiary of the BGFI...
Submitted to the National Assembly on November 13, 2024, the bill on local taxation proposes to eliminate certain municipal taxes and introduce major reforms to optimize the resources of decentralized local authorities (CTD). These measures aim to simplify the legal framework, strengthen the financial autonomy of CTDs and improve financing mechanisms. With only three local...
The Minister of Economy and Investments, Mays Mouissi, explained, on November 18, 2024 in Libreville, the ins and outs of the early repurchase operation of the Eurobond 2025. This strategic approach aimed to lighten the burden of external debt while strengthening Gabon’s financial resilience. What you need to understand. During a press briefing on November...
Cameroon’s second largest employer after the state, the Cameroon Development Corporation (CDC), which specializes in the production, processing and marketing of export crops such as bananas, palm oil and rubber, is going through an alarming financial crisis. In five years, the company has accumulated a colossal debt of 81.7 billion CFA francs. This is divided...
Cameroon is on its way to becoming a central player in wheat production within the Economic and Monetary Community of Central Africa (CEMAC). This approach is part of a large-scale project led by the Ministry of Scientific Research and Innovation (MINRESI). Eddy Ngankeu, Technical Advisor No. 2 of MINRESI, reaffirmed this ambition in a recent...
October 31, 2024 will remain a milestone for the Cameroonian financial sector. On that day, Prudential Beneficial Insurance and Africa Golden Bank sealed a strategic bancassurance partnership during a ceremony held at the insurer’s headquarters in Douala. The event brought together influential figures in the sector, reinforcing the importance of this collaboration. Africa Golden Bank...
