The Central Bank of Congo (BCC) decided to keep its key rate unchanged at 25% following a meeting of its Monetary Policy Committee held on Friday May 31, 2024. Under the leadership of Madame Kabedi Malangu Mbuyi, Governor of the Central Bank of Congo, the CPM also maintained the mandatory reserve coefficients for deposits in...
In a strategic approach for the development of port infrastructure, the Autonomous Port of Douala (PAD) signed a framework cooperation agreement with the Support Council for the Realization of Partnership Contracts (CARPA). This collaboration aims to strengthen and expand the capacities of the port of Douala-Bonabéri, an economic hub for Cameroon and the sub-region. May...
Dr. Akinwumi Adesina, the president of the African Development Bank Group, today unveiled an ambitious five-point programme to attract much-needed private sector investment to accelerate Africa’s economic transformation and meet the challenges of a host of interlocking global crises. Addressing the Governors’ Dialogue, a keynote event of the Bank’s Annual Meetings, Adesina on Tuesday called...
Experts attending an African Development Bank High-level dialogue in Kenya have urged African nations to intensify efforts to attract private-sector financing to enhance tertiary education and equip the continent’s youth with competitive skills. During a panel discussion at the Bank’s 2024 Annual Meetings in Nairobi, the experts stressed the importance of political commitment to guarantee...
At the end of the first Gabon-France economic forum held on Wednesday 29, which saw the participation of nearly 600 business leaders from both countries, the Gabonese side managed to mobilize more than 1.100 billion euros, including memoranda of understanding (MoU) signed in the presence of the President of the Transition. Undeniable success this Wednesday,...
On May 24, 2024, the Minister of Labor and Social Security, Grégoire Owona, on behalf of the President of the Republic, Paul Biya, honored the Globeleq staff in Cameroon. Alongside the top management led by Frédéric Mvondo, Managing Director of Globeleq in Cameroon, 79 medals including 61 in silver, 16 in vermeil and 2 in...
Africa stands at crossroads – a continent beaming with potential, innovation, and promise. As we navigate the complexities of the global landscape, it is important that we chart a course towards sustainable development, inclusive growth, and shared prosperity. At the forefront of this transformative journey is the philosophy of Africapitalism—a bold and visionary approach to...
Tony Elumelu, the Chairman of the United Bank for Africa Group (UBA), and the Founder of the Tony Elumelu Foundation has called on all stakeholders within and without the health sector to join forces and ensure that not just Africa but the world has a healthy future. Speaking at the Abu Dhabi Health Forum, Tony,...
The African Regional Communications Organization is experiencing a real revolution. The institution founded in 1992 has in fact just appointed Cameroon at the head of its board of directors. A double historic event since it is a first, not only for the country of indomitable lions, but also and above all, for that of a...
