Congo will have to make additional efforts in terms of extractive sector governance, before the next validation of the Extractive Industries Transparency Initiative (EITI) in April 2025. Corrective measures include facilitating consistent supervision by the multi-stakeholder group of the process and regular decision-making. The EITI Board will assess Congo’s level of compliance with the 2023 standard during...
In order to support small and medium-sized national industries, the transitional government, through the Ministry of Industry, signed this week an agreement with the pan-African banking establishment UBA, which has undertaken to create a window dedicated to Gabonese industrialists. In Gabon, small and medium-sized industries (SMIs) should now be better supported. At least, this is...
Strengthening the competitiveness of farmers, cooperatives and agro-industrial companies is the framework for action targeted by the implementation of this banking solution. A pillar of the Cameroonian economy, agriculture is a sensitive area that requires large amounts of funding. By opting for the Agri-Banking solution, Bange Bank has come to submit a personalized financing approach...
The sub-regional institution awarded the said mention to the port structure, as part of an investigation into the Observatory of Abnormal Practices (OPA) on the main corridors of Central Africa, the results of which were presented on July 17, 2024. Among the factors that led to the award of this mention, the survey by the...
Following discussions on July 22 with the heads of credit institutions established in Congo, the African Solidarity Fund (FSA) concluded partnership agreements with several local banks and employers’ organizations on July 25 in Brazzaville. A total of seven partnership agreements were signed during the meeting marking the official launch of the FSA’s activities in Congo....
CEMAC international Trade Stakeholders have been briefed about the experience of the A d-hoc S ubcommittee responsible for implementing the initiative on Guided Trade of the Continental Free Trade Area (AfCFTA), at the end of the sub-regional workshop on the optimization of the AfCFTA organized in Douala by the United Nations Economic Commission for Africa (ECA)....
The Prime Minister, Head of Government, Chief Dr. Joseph Dion Ngute, has inaugurated the CIMPOR cement plant in Kribi, Ocean Division of the South Region. The inauguration ceremony took place last Friday, July 19, 2024. The Prime Minister inaugurated the cement plant on behalf of the Head of State, President of the Republic, Paul Biya....
The Minister of Energy and Hydraulics, Emile Ouosso, signed, on July 17 in Brazzaville, with the First Vice-President of the State Atomic Energy Corporation (Rosatom) of the Russian Federation, Nikolay Spasskiy, two Memorandum of understanding covering, among other things, the development of micro and hydroelectric power stations as well as the installation of a unit...
From July 17 to 19, 2024, Gaston Eloundou Essomba went to the field to see first-hand the achievements undertaken in this sector in order to ensure optimal distribution of the energy produced by the Nachtigal hydroelectric dam. Faced with chronic failures in the national electricity grid, the Cameroonian government has decided to move up a...
