The President of the Republic of Gabon, His Excellency, General Brice Clotaire Oligui Nguema, has conferred the nation’s prestigious national honours – the Commander in the National Order of Gabonese Merit – on the Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu. The distinguished award...
As part of its 2023-2030 Five-Year Priority Investment Plan, the public company issued a call for international expressions of interest on April 30, 2025. The objective is to prequalify companies for the construction of ultrafiltration and bottling lines for water produced by Camwater in Cameroon’s 10 regions. Over the past three years, Camwater, under the...
A historic investment agreement in the agro-industrial sector was signed in Bangui on April 15, 2025. Estimated at $1.2 billion, this project, led by the Indian group Mahasakthi, will process sugarcane and cassava on 30,000 hectares, with strong involvement of local planters and the creation of more than 100,000 direct jobs. The Central African Republic...
Gathered in Douala for the 17th meeting of the PR-PICA, cotton industry stakeholders from eight African countries discussed the threats facing cotton growing on the continent. Together, they identified ways to build a more resilient, sustainable, and competitive sector while supporting producers. From April 8 to 11, Douala hosted the 17th review meeting of the...
An ambitious socioeconomic development project is underway in Cameroon’s Southwest region, with the construction of essential infrastructure designed to improve the living conditions of the communities living along the Cross River Bridge. European Union funding of 16.4 billion CFA francs is intended to support this initiative, which promises a significant transformation in the region. The...
The National Investment Commission (CNI) held its first annual ordinary session on April 12 in Brazzaville. After reviewing the applications submitted for approval, it granted final approvals to nine companies, representing a potential investment of more than 530 billion CFA francs. For its first session in 2025, chaired by the Chief of Staff of the...
Endorsed by the Steering Committee at its second session, chaired by Louis Paul Motaze, Cameroon’s Minister of Finance. The plan, approved on April 11, 2025, in Yaoundé, should enable Cameroon to continue its efforts to strengthen budgetary credibility and the State’s budgetary and accounting information. Proposed by the Project Management Unit (PMU) coordinated by Sophie...
The 10th edition of the Cacao & Coffee Festival closed in style on Saturday, April 12, 2025, at the Yaoundé City Hall esplanade. Chaired by the Minister of Trade, Luc Magloire Mbarga Atangana, the closing ceremony highlighted Cameroon’s challenges and ambitions for better promotion of cocoa and coffee, in the presence of leading national and...
At the National Workshop on Import Substitution, the Ministry of SMEs and the Cameroon National Shippers’ Council (CNCC) reaffirmed their commitment to promoting “Made in Cameroon.” For two days, nearly 250 economic stakeholders, decision-makers, and experts debated strategies to accelerate this economic transition, which is essential to the country’s industrial sovereignty. Cameroon has taken a...
