labah princely

Chad-Cameroon Pipeline: New Route for Niger’s Oil Exports to China

Chad-Cameroon Pipeline: New Route for Niger’s Oil Exports to China The Geopolitics of Hydrocarbons: Niger’s Pivot to the Chad-Cameroon Pipeline In the intricate tapestry of global energy politics, the recent developments involving Niger’s decision to reroute its crude oil exports through the Chad-Cameroon pipeline to reach the Chinese market is a narrative of resilience, strategic…

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Halting Hostilities in Northwest and Southwest: Group Empowers 50 Young Individuals for Peaceful Community Projects

Halting Hostilities in Northwest and Southwest: Group Empowers 50 Young Individuals for Peaceful Community Projects Reconciliation and Development Association trains 50 youth in conflict resolution and equips them to launch peaceful community initiatives aimed at promoting dialogue in Cameroon’s war-torn North West and South West regions. In the quest for peace and stability in the…

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BEAC’s Strategic Monetary Tightening Curbs Inflation in CEMAC

BEAC’s Strategic Monetary Tightening Curbs Inflation in CEMAC The Central African Economic and Monetary Community (CEMAC) has been facing significant economic challenges, particularly with inflationary pressures that have threatened the financial stability and purchasing power within the region. The Bank of Central African States (BEAC), which serves as the central bank for the six nations…

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Glencore says it bribed SNH and Sonara with CFA 7billion

Glencore says it bribed SNH and Sonara with CFA 7billion (Business in Cameroon) – The U.S. Department of Justice and the UK Serious Fraud Office announced last May 24 that the Anglo-Swiss multinational Glencore pleaded guilty to bribes in several countries, including Cameroon. “Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6 million…

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Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024

Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024 The Cameroon Humanitarian Response Plan 2024: A Comprehensive Strategy for Aid and Resilience In 2024, Cameroon faces a significant humanitarian challenge, with 3.4 million people in need of assistance due to ongoing conflicts, climate shocks, and disease outbreaks. The Cameroon Humanitarian Response Plan…

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Gabon Secures 91 Billion CFA Franc Loan from BIRD for Digital and Statistical Advancement

Gabon Secures 91 Billion CFA Franc Loan from BIRD for Digital and Statistical Advancement In a significant economic development, Gabon is set to secure a loan of 91 billion CFA francs from the International Development Association (IDA), a part of the World Bank Group known as BIRD in French. This move is aimed at financing…

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Leadership Shift: Georges Fotso Spearheads ASCA Asset Management

Leadership Shift: Georges Fotso Spearheads ASCA Asset Management The financial landscape of Cameroon has witnessed a significant development with Georges James Ndzutue Fotso taking the helm of ASCA Asset Management. This move marks a pivotal moment for the asset management firm, which is a franchise of the Attijariwafa bank group, responsible for portfolio management within…

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Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief

Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief Cameroon’s Commitment to Economic Recovery: A 35 Billion CFA Franc Allocation In a significant move to bolster economic recovery in areas impacted by various challenges, the Cameroonian government has earmarked a substantial sum of 35 billion CFA francs. This allocation is a testament…

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Cameroon Launches Ambitious 305 Billion CFA Franc Initiative to Elevate Dairy Production

Cameroon Launches Ambitious 305 Billion CFA Franc Initiative to Elevate Dairy Production Cameroon’s Ambitious Plan to Revitalize the Dairy Sector In a bold move to revitalize its dairy sector, Cameroon has adopted a comprehensive plan worth 305 billion CFA francs. This initiative represents a significant investment in the country’s agricultural infrastructure and has the potential…

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Gabon’s Equatorial Mines Company Parts Ways with CEO Wesbert Moussounda Ngoumba

Gabon’s Equatorial Mines Company Parts Ways with CEO Wesbert Moussounda Ngoumba The Corporate Shuffle: Wesbert Moussounda Ngoumba’s Departure from Equatorial Mines Company In the dynamic world of corporate leadership, change is often the only constant. The recent news from Gabon’s mining sector is a testament to this fact. Wesbert Moussounda Ngoumba, who has been at…

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