Financial market: Bvmac crosses the $2 billion mark in global capitalization Driven by its bond compartment, the Central African Stock Exchange (Bvmac) experienced a growth of 26% between January and August 2024, crossing the 1,300 billion CFA francs mark in capitalization, or more than 2 billion US dollars. However, with a less dynamic equity compartment…
Douala Port to Cut Dredging Costs by CFA4bn per year with Chantal Biya Dredger’s Return The Port of Douala, a critical maritime gateway in Cameroon, is set to significantly reduce its annual dredging costs by CFA4 billion with the return of the Chantal Biya dredger. This comes as a strategic move by the Port Authority…
The recent Kidnapping of 20 medical and dental students in Nigeria has raised alarm and concern across the nation and beyond. The abductors have demanded a ransom of 50 million naira for their release, putting immense pressure on the families and authorities involved. This incident is a stark reminder of the challenges faced in ensuring…
Unveiling the Factors Behind Victoria United’s Performance: A Statement from President Nkwain In the competitive arena of African football, the CAF Champions League is a prestigious tournament that showcases the best clubs across the continent. Victoria United, a club with a proud history and a passionate fan base, recently faced a setback in this elite…
A family, including six children, has been killed in the central Gaza Strip due to Israel’s recent deadly attacks. hours, the Gaza Health Ministry said on Sunday. The parents and their six children were killed in Deir el-Balah in the central part of the Strip, Al-Aqsa Martyrs Hospital said. The grandfather of the children said…
Gabon acquires more than 200 machines to boost agricultural and construction activities This acquisition comes after the validation of the National Development Plan for the Transition (Pndt) which requires more than 1,000 billion CFA francs over the period 2024-2026. In a significant move to bolster its agricultural and construction sectors, Gabon has recently invested in…
Cameroon: in poor condition, the road network deteriorated by almost 2% at the end of July According to data consulted by Breaking News Bilingue, the road network in good condition to date is 11.17%. Cameroon’s Road Network: Challenges and Developments Cameroon’s road network, a crucial component of the nation’s economic development, has faced significant challenges…
The Duval Arno Group’s Foray into Cameroon’s Food Chain: A Strategic Expansion 2024 The company, which wants to open around thirty quality structures in Douala, Yaoundé and Kribi by 2030, has just opened its first local supermarket in the Cameroonian economic capital. The Duval Arno Group, a conglomerate known for its significant presence in various…
Congo: Food insecurity affects 59% of the population (World Bank) Presenting the annual report on the country’s economic and financial situation, the institution revealed that this situation is the consequence of the rise in generalized inflation. The Republic of Congo’s Struggle with Food Insecurity: A Deep Dive into the World Bank’s Findings The Republic of…
Beverages, cement…: Beac predicts a drop in activity in Chad in the 3rd quarter The main reason given by the Bank of Central African States (BEAC) is the rainy season. The Central African Economic and Monetary Community (CEMAC) through the Bank of Central African States (BEAC) has forecasted a downturn in economic activity for Chad…
