Three items were on the agenda. In particular, the establishment of an Islamic Window; the implementation of the Real Estate Program and the examination of several information notes. Following a meeting of the Board of Directors held on September 18, the Bank’s directors approved the establishment of an Islamic Window for the financing  of projects....

As Gabonese people continue to suffer from power cuts and irregular water supplies, the ruling military announced the creation of a monitoring committee for a recently launched plan that is supposed to resolve these problems by the end of 2025. Launched some time ago by the Presidency of the Republic with the aim of “strengthening the...

The China Oil Natural Gas Overseas Holding United company obtained two exploitation permits last January, including that of Conkouati known for its proximity to the  eponymous national park. During a stay in Beijing in China, the Minister  of Hydrocarbons, Bruno Jean Richard Itoua, discussed the progress of the projects with the head of the China Oil Gas...

African philanthropist and business leader, Tony Elumelu, will make Africa’s transformative economic growth, youth employment, and energy transition central to the discussions at this year’s United Nations General Assembly (UNGA), taking place late September in New York. Elumelu will call for urgent action in a series of engagements, including a roundtable discussion at the Clinton...

The African Development Bank ‘s portfolio in the road infrastructure sector in Cameroon is approximately 825 billion FCFA (824,800,696,496 FCFA). The AfDB is thus positioned as the country’s leading technical partner in this area. Taking part in the recent Transport Forum, Emmanuel Ngannou Djoumessi , Minister of Public Works, pleaded with the Bank for an increase in its investments in Cameroon, during the...

In the first half of 2024, Cameroon is expected to see a significant drop in its oil revenues, threatening the government’s target of 801 billion FCFA for the year. Factors behind this underperformance include falling global prices and declining production. Cameroon is facing a worrying decline in its oil and gas revenues in the first...

The Former Director of internal audit of Bange SA, takes the reins of the Cameroonian subsidiary of the Equatorial Guinean bank. His appointment comes in a difficult context, three years after the launch of the bank on the Cameroonian market, where it is struggling to establish itself in the face of fierce competition. Change at...

The parts for the assembly of the plant, which has a capacity of 5 million tonnes per year, are being manufactured, three years after the official start of work on the new refinery by the Chinese company Atlantique Petrochimique, a subsidiary of Beijing Fortune Dingheng Investment. The manufacturing plant for the assembly parts of the...

The amount allocated by the Islamic Development Bank to the leader in finance in Cameroon is part of post-Covid19 financing and will support small and medium-sized enterprises. According to the communication department of the Cameroonian private bank, the role of Afriland First Bank as an executing agent will consist of supporting and assisting the Government...