September 1, 2025

Business

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CEMAC Bank Lending Jumps 7% Despite Central Bank Tightening

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CEMAC Bank Lending Jumps 7% Despite Central Bank Tightening CEMAC bank lending defied expectations, rising 7% year-on-year to CFA10,586 billion in the first quarter (Q1) of 2024. This comes against the backdrop of a tightening monetary policy stance by the central bank, BEAC. The increase suggests a continued demand for credit from businesses and consumers…

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Sonara Awards 7 Billion CFA Contract to DSC Marine SA in Historic Deal

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Sonara Awards 7 Billion CFA Contract to DSC Marine SA in Historic Deal DSC Marine SA, a Cameroonian company established in 2015, has recently secured a significant contract with Sonara, the national oil refinery of Cameroon. This 7 billion contract marks a substantial achievement for DSC Marine SA, reflecting the company’s growth and its increasing…

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The governor of the Beac, Yvon Sani Bangui

Economic Alert: BEAC Governor Highlights Fuel Import Crisis 2024

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Economic Alert: BEAC Governor Highlights Fuel Import Crisis 2024 The Economic and Monetary Community of Central Africa (CEMAC) has been facing a significant challenge with the massive importation of fuel, which has caused distress to the region’s economic stability. The governor of the Bank of Central African States (BEAC), Yvon Sana Bangui, appointed in March…

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Cement is expensive in CAR

Ngaoundéré’s Inflation Confirmed as Cameroon’s Most Expensive City Amid Rising Inflation

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Ngaoundéré’s Inflation Confirmed as Cameroon’s Most Expensive City Amid Rising Inflation Ngaoundéré, the bustling capital of Cameroon’s Adamawa region, has been ranked as the most expensive city in the country for the third consecutive year, with an inflation rate nearing 8%. This persistent rise in the cost of living has outpaced the national average, placing…

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

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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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Glencore says it bribed SNH and Sonara with CFA 7billion

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

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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

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

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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

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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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