The Douala Agency of the Bank of Central African States BEAC the economic capital of Cameroon is launching an operation to exchange banknotes for coins. This operation mainly concerns pharmacies, supermarkets, department stores, bakeries and business owners. According to the BEAC Agency in Douala, the exchange of banknotes into coins will take place every Monday, Tuesday...
There was excitement around digital technology from the first day of the FrancoTech Show, which took place on October 3 and 4 at Station F in Paris. Between the stroll of the President of the French Republic, Emmanuel Macron, in the presence of Louise Mushikiwabo, Secretary General of the International Organization of La Francophonie, and...
The Ministry of Mining Industries and Geology organized in Brazzaville, in partnership with the United Nations Development Program (UNDP), a training and awareness-raising workshop for 25 small-scale artisanal mining entities on the process of formalizing small and medium-sized enterprises in the Republic of Congo. Participants were made aware of national tools for promoting their work. The...
Africa’s Global Bank, United Bank for Africa (UBA) has appointed Fonda Fred Fonda as Chief Finance Officer (CFO) for Africa, where he will oversee the bank’s subsidiaries in Central, West, East, and Southern Africa. Before his appointment, he served as CFO for UBA Cameroon. Fonda is a Chartered Certified Accountant (ACCA) by profession with several years...
The Gabon Guarantee Company (SGG) and the Gabon Agriculture and Livestock Company (SAEG) signed a memorandum of understanding on September 30, 2024. This strategic partnership, supported by the Gabonese Strategic Investment Fund (FGIS), aims to facilitate rural entrepreneurs’ access to suitable financing, by strengthening the financial security of agricultural and livestock projects in Gabon. The...
The memorandum of understanding for the completion of work on several oil blocks in Congo was signed on September 27 in Moscow, Russia, between the Minister of Hydrocarbons, Bruno Jean Richard Itoua, and the Vice President of Lukoil, Ivan Romanovsky. The oil agreement provides for a strengthening of cooperation between the National Oil Company of...
Africa Golden Bank (AGB), the 19th Commercial bank on the Cameroonian market, is displaying its ambitions. Three months after launching its activities, the institution is committed to offering services adapted to the varied needs of its customers. With this in mind, it has signed a partnership with the Groupement Interbancaire Monétique de l’Afrique Centrale ( GIMAC )....
The Agency for the Safety of Air Navigation in Africa and Madagascar ( ASECNA ) has a new Director General. Among 6 candidates (Benin, Chad, Burkina Faso, Ivory Coast, Comoros), it was that of Gabonese Prosper Zo’o Minto’o, who was unanimous. He was elected at the end of the 74th Extra-Ordinary session of the Agency’s Committee of Ministers held on...
Arise IIP, a subsidiary of the pan-African group Arise, will develop an industrial and logistics activity zone on the banks of the Dibamba River with an area of approximately 122 hectares. It is within the framework of the implementation of this project that the Director General of the Douala Ports Authority (PAD), Cyrius Ngo’o, and Kumar Mohan,...
