The President of the Transition, General Brice Clotaire Oligui Nguema, met with the United States Ambassador to Gabon, Vernelle Trim Fitzpatrick, on February 12, 2025. At the heart of the discussions: American investments in Gabon, the inauguration of the Coca-Cola factory in Owendo and a cybersecurity initiative for the training of 1,000 young Gabonese. On...
After its successful roadshow in Brazzaville on February 10, the delegation of the Société nationale des pétroles du Congo (SNPC), led by its general manager, Maixent Raoul Ominga, met with investors in Douala, Cameroon, on February 11 and with those in Libreville, Gabon on the 12th. To this end, the Congolese public oil operator presented...
Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana, received in audience, on Thursday, February 13, 2025, a delegation from the Global Youth Leadership for Sustainable Cocoa (GYLSCO) program. This project, which places youth at the heart of the future of African cocoa, will be officially launched next April in Yaoundé, with a first group of...
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs, from all 54 African countries , today, signed a USD$6million strategic partnership agreement with the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation (an affiliate of Erth Zayed) to provide business training, mentorship, access to networks, and non-refundable $5,000...
One year after the provisional acceptance, the Autonomous Port of Douala (PAD) has officially validated the final acceptance of the works of phase 2 of the project to secure the port area of Douala-Bonabéri. Financed to the tune of more than 32 billion FCFA, this strategic project has made it possible to strengthen the security...
The BGFIBank Group held its Executive Convention and several strategic seminars in Douala from January 28 to 31, 2025. The objective: to mobilize teams, strengthen operational efficiency and prepare for the post-2025 period. A key event for the banking leader in the CEMAC zone. Cameroon’s economic capital, Douala, hosted nearly 120 senior executives from the...
The financial market of the Economic and Monetary Community of Central Africa (CEMAC) experienced a significant drop in transactions in the last quarter of 2024. According to the Quarterly Bulletin of the Stock Exchange of Central Africa (Bvmac), transactions fell by 21% compared to the previous quarter, reaching 2.7 billion FCFA. This decline is explained...
On February 7, a World Bank portfolio monitoring meeting in Chad was held between a World Bank team, led by its Resident Representative Rasit Pertev, and another from the Ministry of Finance, led by Minister Tahir Hamid Nguilin. The meeting aimed to assess the progress and disbursement of the 21 World Bank-financed projects in the...
Announced 16 months ago, the renationalization of Eneo continues to flounder. A monotonous situation that is gradually leading the electricity sector into total agony, thus reinforcing the place of obscurity that has become king among Cameroonian households. Considered a sector of sovereignty in most countries in the world. The electricity segment in Cameroon is facing...
