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...

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...

The Development Bank of Central African States (BDEAC) recorded a profit of 3.8 billion FCFA in 2023, compared to 4.146 billion FCFA in 2022. The general meeting of shareholders, which met at the beginning of months, insisted on the continuation of reforms and investments. The balance sheet for the 2023 financial year of the community...

Since June 20, the Hôtel de la Sablière in Libreville has hosted the second edition of the UK-Gabon Trade and Investment Forum. A major event bringing together British investors and representatives of the Gabonese administration. This is an economic exchange meeting to offer participants a platform for sharing new opportunities, partnerships and investments between the...

President Paul Biya has taken a major decision by authorizing the Minister of Justice, Laurent Esso, to seek British justice to obtain the names of Cameroonian officials involved in a 7 billion CFA francs corruption case by the company Glencore. This approach marks a significant turning point in the fight against corruption in Cameroon, and...

Another qualitative leap from Camtel to consolidate its network infrastructure. After the agreement to hand over the 812 km of optical fiber, initially belonging to Eneo Cameroon (signed on Monday May 30, 2023 with Minette Libom Li Likeng, Minister of Posts and Telecommunications), Camtel has just signed, on June 19, 2024, a framework agreement with Cameroon...