October 19, 2025

Business

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AGL’s 20 Billion CFA Franc Investment Boosts Owendo Terminal with New Gantry Fleet

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AGL’s 20 Billion CFA Franc Investment Boosts Owendo Terminal with New Gantry Fleet The maritime industry in Gabon is set to experience a significant transformation, thanks to the ambitious investment of 20 billion CFA francs by Africa Global Logistics (AGL). This substantial financial injection is poised to modernize the Owendo Terminal, a pivotal gateway for…

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INS Reports Chad Ascends as Cameroon’s Top 5 Trade Partner in 2023

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INS Reports Chad Ascends as Cameroon’s Top 5 Trade Partner in 2023 In a significant development for Central African trade dynamics, Chad has emerged as one of Cameroon’s top five trade partners in 2023. This ascent is a testament to the strengthening economic ties and collaborative efforts between the two neighbouring countries. Chad, primarily known…

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Libreville’s New Floating Power Plant by Karpowership 2024

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Libreville’s New Floating Power Plant by Karpowership 2024  The Power of Innovation: Karpowership’s Floating Power Plant in Libreville In a move that exemplifies the innovative spirit of modern energy solutions, Turkish company Karpowership International is set to establish a floating power plant in Libreville, Gabon. This initiative is part of a broader trend of utilizing…

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BGFIBank Hits Record 95.8 Billion CFA Profit in 2023, Up 55%

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BGFIBank Hits Record 95.8 Billion CFA Profit in 2023, Up 55% The BGFIBank Group has reported a record performance for the fiscal year 2023, with a consolidated net profit of 95.8 billion CFA francs, marking a significant increase of 55% from the previous year. This remarkable growth is a testament to the group’s robust strategic…

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Chad’s Imports from Cameroon Drop by 70K Tonnes in 2023

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Chad’s Imports from Cameroon Drop by 70K Tonnes in 2023 Trucks carrying goods In 2023, Chad’s imports from Cameroon saw a significant decline, falling by nearly 70,000 tonnes. This drop is a substantial shift from previous years, where trade between the two neighbouring countries was more robust. The reasons behind this decrease are multifaceted, involving…

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Economic Update: Cameroon’s Trade Deficit Reaches 532B CFA Francs

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Economic Update: Cameroon’s Trade Deficit Reaches 532B CFA Francs In the fourth quarter of 2023, Cameroon faced a significant trade balance deficit of 532 billion CFA francs. This figure reflects the ongoing challenges within the national economy, particularly in the context of global economic fluctuations and the country’s trade dynamics. Cameroon, a nation rich in…

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Cameroon and Congo are in the process of identifying a suitable company to undertake the Chollet Dam construction.

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Cameroon and Congo are in the process of identifying a suitable company to undertake the Chollet Dam construction. Cameroon and Congo are in the process of identifying a suitable company to undertake the Chollet Dam construction. Cameroon and Congo are in the process of identifying a suitable company to undertake the Chollet Dam construction. The…

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Investors flocked to Chadian treasury bonds in early 2024.

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Investors flocked to Chadian treasury bonds in early 2024. Tahir Mahamat Nguilin Chadian Minister of Finance The Chadian Treasury Bonds Surge: A Strategic Investment Move In the early months of 2024, the financial markets witnessed a significant surge in investor interest towards Chadian treasury bonds. This remarkable trend was particularly pronounced in February and March,…

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SEMC recorded a historic profit of 1 billion CFA francs in 2023.

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SEMC recorded a historic profit of 1 billion CFA francs in 2023. SEMC products Cameroon’s SEMC Achieves Record Profit in 2023: A Remarkable Turnaround In a remarkable turnaround from its previous financial struggles, Société des Eaux minérales du Cameroun (SEMC), a subsidiary of the SABC group, has reportedly achieved a record profit of 1 billion…

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Air France and Brussels Airlines accused of misleading sales tactics.

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Air France and Brussels Airlines accused of misleading sales tactics. The headquarters of the European Commission The aviation industry has long been scrutinized for its environmental impact, with increasing pressure to demonstrate sustainable practices. Recently, Air France and Brussels Airlines have come under the spotlight, facing allegations of “deceptive commercial practices” related to their environmental…

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