The expected funding of $8,371,060, or approximately 5 billion FCFA, is intended to reward Congo for its efforts in forest conservation and reduction of carbon emissions. This carbon credit should be distributed to designated beneficiaries, in accordance with the Benefit Sharing Plan. The amount of $8,371,060 corresponds to 1,674,212 tCO2 that the country was able...

According to the said press release signed on August 1, 2024 by the Minister of State, Secretary General of the Presidency of the Republic, Ferdinand Ngoh Ngoh, the deposits and consignments made by the Cdec will continue in accordance with decree n°2011/105 of April 15, 2011. This update of the SGPR is a strict response...

This follows the transfer on September 10 of former employees of Glencore Company before the Westminster Court in London, according to a press release dated August 2, 2024 and signed by the CEO of SNH, Adolphe Moudiki. This is a new turn that the Glencore case is taking, at a time when the former president...

After 64 years of independence, Burkina Faso is making a historic stride by inaugurating its first national bank, which will also serve as the central bank. This bold initiative is the brainchild of Captain Ibrahim Traoré, who has once again demonstrated visionary leadership. In addition, Burkina Faso has established a Treasury Deposit Service, signaling the...

In a press release made public on July 31, 2024, Louis Paul Motaze set the national opinion on the direction that will be given to the 550 million USD, or approximately 335 billion captured on the international capital market. According to the MINFI, the resources mobilized will make it possible to significantly continue the settlement...

Congo will have to make additional efforts in terms of extractive sector governance, before the next validation of the Extractive Industries Transparency Initiative (EITI) in April 2025. Corrective measures  include facilitating consistent supervision by the multi-stakeholder group of the process and regular decision-making. The EITI Board will assess Congo’s level of compliance with the 2023 standard during...

In order to support small and medium-sized national industries, the transitional government, through the Ministry of Industry, signed this week an agreement with the pan-African banking establishment UBA, which has undertaken to create a window dedicated to Gabonese industrialists. In Gabon, small and medium-sized industries (SMIs) should now be better supported. At least, this is...

Strengthening the competitiveness of farmers, cooperatives and agro-industrial companies is the framework for action targeted by the implementation of this banking solution. A pillar of the Cameroonian economy, agriculture is a sensitive area that requires large amounts of funding. By opting for the Agri-Banking solution, Bange Bank has come to submit a personalized financing approach...

The sub-regional institution awarded the said mention to the port structure, as part of an investigation into the Observatory of Abnormal Practices (OPA) on the main corridors of Central Africa, the results of which were presented on July 17, 2024. Among the factors that led to the award of this mention, the survey by the...