It is a distress call that Yvon Sana Bangui, the governor of Beac, launched on June 24, 2024, reminding the Cameroonian authorities of the need for rapid rehabilitation of Sonara in order to reduce the negative impacts suffered by the sub-region since the fire of May 2019. “Today, all the countries in the sub-region import...
The Council of Ministers of the Central African Economic Union (UEAC), one of the community entities, approved, on June 20, in Bangui (Central African Republic), the new financial and public procurement regulations. These community standards should breathe a sense of transparency into community institutions. The adoption of the two community texts, the financial regulation of...
Trade in goods and services between the UK and Cameroon is currently valued at £911 million. The UK stands as one of the principal investors in Cameroon, presenting abundant opportunities across various sectors such as infrastructure, renewable energy, natural resources, and tourism. With the Economic partnership agreement between the UK and Cameroon in full force,...
The volume of foreign exchange reserves of the Bank of Central African States (BEAC) represents an external coverage of the currency of 78.4%, or 4.79 in months of imports of goods and services, against 4.82 in current month 2023. The sub-region, which should continue its economic reforms, intends to maintain efforts to repatriate export revenues...
Arise Integrated Industrial Platforms (Arise IIP), a subsidiary of the pan-African Arise group, has revealed its plan to develop a 500 hectare industrial and logistics zone on the banks of the Dibamba River in Missole I, near Douala, the economic capital of Cameroon . This project, unveiled during a meeting to launch the information and...
Gabon is taking a decisive step in controlling its energy resources with the finalization of the acquisition of Assala Energy by the Gabon Oil Company (GOC), according to an announcement from the Carlyle group on June 21. The transaction, which ends months of negotiations and international rivalries, underlines the country’s commitment to strengthening its control...
The Afreximbank 2024 Annual Meetings and the 3rd Africa -Caribbean Trade and Investment Forum took place from June 12 to 15, 2024 in Nassau, Bahamas. During these events, Kanayo Awani, Executive Vice President of Afreximbank, in charge of the Intra-African Trade and Export Development Bank signed with Jean Paterne Megne Ekoga, Vice President of the States Development...
The Minister of Industrial Development and Private Sector Promotion, Antoine Nicéphore Fylla Saint-Eudes, signed, on June 21 in Brazzaville, protocols of intent with three industrial companies established in Congo, with a view to supporting them in developing and diversify their activities. The three companies are Dangoté Cement, LGRP, specializing in the processing of plastic objects,...
Cameroon’s state budget has increased by 538 billion FCFA (about 880 million U.S. dollars), we learned Thursday from an order signed by the president of the Paul Biya Republic. The presidential order modifies and supplements the 2024 finance law passed in December 2023. The state budget thus increases from 6,740.1 billion FCFA to 7,278.1 billion...
