September 1, 2025

Economic

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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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