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FINANCE

Driven by fraud, the State of Cameroon lost 3.1 billion CFA francs per year over the period 2010-2021, indicate the results of a tripartite audit conducted by the Minfi, the Ministry of Defense (Mindef) and the General Delegation for National Security (DGSN). Since July 2024, the Minister of Finance, Louis Paul Motaze, has taken a...
The Baloumgou Development Committee recently organized the second edition of the Academic Excellence Award, a ceremony marked by the distinction of nearly 200 pupils and students. More precisely, 200 young people from Baloumgou, a village located in the Bangou district in the West of Cameroon, are now ready to start the next school year with...
Based on the published information, it is discovered that, from January to June 2024, the performance achieved by MTN Cameroon is up by 16% compared to the first half of 2023. According to the local Cameroonian managers of the South African firm , “… MTN Cameroon recorded satisfactory growth in its service revenues of 12.9%, outperforming...
Congolese and Central African authorities are considering the possibility of reopening the Brazzaville-Bangui air link, suspended since the covid-19 health crisis. But this desire to re-establish direct flights between the two capitals soon risks coming up against many constraints, particularly economic ones. There are no direct flights between the Republic of Congo and the Central...
The Postal and Electronic Communications Regulatory Agency (ARPCE) unveiled the results of its latest comprehensive survey on the quality of mobile networks in Congo on August 14 in Brazzaville. This detailed study, conducted over a six-week period from June 7 to July 18, examined the 2G, 3G and 4G voice and data services of the...
British American Tobacco Cameroun (BATC) is pleased to announce the appointment of Dr. Elias Pupesie Pungong as Chairman of its Non-executive  Board (NeB), effective 16th August 2024.    Dr. Elias Pungong, a globally recognised stateman has established himself as a distinguished advisor in leadership and governance, particularly within the African energy sector. He brings an...
The members of the Central African Power Pool (CAPP) management committee examined, on August 16, the Strategic Business Plan (SBP) document for the period 2025-2028. Through this roadmap with a budget estimated at 18.6 billion euros, the CAPP intends to accelerate the implementation of regional electrification projects and the electricity market as well as the...
The vibrant banking landscape of Africa is revealed in the latest 2024 ranking of the top 30 African banks. From the southern tip in South Africa to the northern reaches of the Maghreb, and extending into Sub-Saharan Africa, these financial powerhouses are driving the continent’s economy. Unveiling the financial giants of Africa, we present the...
On behalf of the Gabonese State, the Minister of Energy and Water Resources, Jeannot Kalima, received, on August 12, an additional batch of generators intended to increase the energy supply in the hinterland. This donation of 8 devices is to be credited to the international group Arise IIP and is part of its Corporate Social...
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