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coronavirus

IMF Executive Board Approves a US$ 156 million New Disbursement for Cameroon to Address the impact of the COVID-19 Pandemic

The authorities have been proactive in responding to the COVID-19 pandemic and are stepping up their efforts to contain the spread of the disease, boost health and social protection spending,...
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Gabon’s Oil and Gaz unveils post COVID 19 revival plan

"We took this opportunity to talk about the enthusiasm of operators in the sector before the declaration of the Covid-19 pandemic. Indeed, the adoption of the new Petroleum Code aroused...
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96% of Cameroonian Enterprises affected by Coronavirus – GICAM

According to this survey, which covers the period May / June 2020, this situation will lead to a decrease in the turnover of companies over the year, of the order...
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Covid-19: Africa’s economic growth estimated at 3% in 2021

Hanan Morsy, Director of the AfDB's Macroeconomic Policy, Forecasting and Research Department, says the Africa Economic Outlook 2020 Supplement shows that for the first time in half a century, Africa...
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BEAC report reveals a 14.9% drop in CEMAC exports

"A sharp drop, especially since the previous quarter, exports had increased by 2.1%, oil has contributed more than 88.3% to the overall evolution, while the contribution of agricultural products was...
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Gabon reviews 2020 State Budget as Covid 19 hits economy

"The amending finance bill for the year 2020 is part of a particular context marked by the spread of the Covid-19 worldwide with consequences for the national economy," the government...
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Douala – Bangui corridor regains steam after Covid-19 imposed recess

Freight traffic has resumed along the road which connects Cameroon to the Central African Republic. Last week, Cameroonian truck drivers stopped work after several of them, affected by Covid-19, were...
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Gabon’s Oil sector suffocate under Coronavirus restrictions

Restrictive measures taken by the government to fight the spread of Covid-19 have a strong impact on the oil sector. The operators are asking the government to make it easier,...
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The Franc CFA to be affected by the covid-19 pandemic

The CFA Franc used within the Central African Economic and Monetary Community (CEMAC) is on the list of potential victims of the covid-19 epidemic which is currently raging in the...
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Cameroon eases restrictive measures, steps up support mechanisms to ease Economic shocks of Coronavirus

Transportation, hotels and restaurants, and commerce are the sectors that the government says have been most affected by the coronavirus pandemic. This is the result of a study carried out...
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SETRAG continues freight operations despite Coronavirus threat

Contrary to rumors circulating recently on social networks, the Transgabonais Operating Company (SETRAG) specifies that if it has stopped the transport of passengers in accordance with the measures decreed by...
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Congo’s Coronavirus response boosted with $11.3 million support from World Bank

The World Bank approved $11.3 million in financing from the International Development Association (IDA)* to help the Republic of the Congo fight COVID-19 (coronavirus) and respond to public health emergencies....
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Gabon creates account for covid-19 Solidarity Fund

Two weeks after the announcement by the President of the Republic Ali Bongo Ondimba, the economic and social support measures planned as part of the fight against the Covid-19 pandemic...
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IMF disburses $155 million to help Chad counter Coronavirus

The IMF (International Monetary Fund) Board of Directors approved the disbursement of $ 115.1 million to the Chadian government to combat the Covid-19 pandemic. The context is particularly unstable. With...
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