April 21, 2026

Finance

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Maurice Matanga, now ex-PCA of Chanas Assurance in Cameroon

Chanas Assurance: Maurice Matanga was replaced as Chairman of the Board of Directors of the Cameroonian insurer in 2024

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Chanas Assurance: Maurice Matanga was replaced as Chairman of the Board of Directors of the Cameroonian insurer in 2024 The corporate landscape of Cameroon’s insurance sector has witnessed a significant change with the replacement of Maurice Matanga as Chairman of the Board of Directors at Chanas Assurance. This move marks a pivotal shift in the…

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World Bank’s pledge to invest $2 billion over the next five years.

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Cameroon is set to experience a significant surge in economic development and growth, thanks to the World Bank’s pledge to invest $2 billion over the next five years. This substantial financial commitment is part of a new Country Partnership Framework (CPF) that spans from 2025 to 2029, aligning with Cameroon’s ambitious “Vision 2035” to transform…

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The governor of Beac Yvon Sani Bangui

Unforgeable: BEAC’s Latest Banknotes Launched in 2022, Claims Yvon Sana Bangui

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Unforgeable: BEAC’s Latest Banknotes Launched in 2022, Claims Yvon Sana Bangui The Bank of Central African States (BEAC) has indeed made a significant stride in the fight against counterfeiting with the introduction of its new range of banknotes in 2022. These banknotes, described as “unforgeable” by Yvon Sana Bangui, represent a leap forward in securing…

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The IMF headquarters

Central African Republic Receives 15.2 Billion CFA Francs in Swift Aid from IMF

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Central African Republic Receives 15.2 Billion CFA Francs in Swift Aid from IMF The International Monetary Fund (IMF) has recently approved an immediate disbursement for the Central African Republic (CAR), signalling strong support for the country’s economic outlook and reform agenda. This move comes as a significant boost for the CAR, which has been working…

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Signing of contract between the Cameroonian and Togolese parties

Togolese Ceco SA Secures 37.1 Billion Deal to Construct Southern Cameroon Road

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Togolese Ceco SA Secures 37.1 Billion Deal to Construct Southern Cameroon Road Cameroon’s Infrastructure Development: A Road to Progress In a significant move to bolster its infrastructure, the Cameroonian government has embarked on a substantial project to construct a new road in the southern region of the country. This initiative, with a budget of 37.1…

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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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Forgery Scandal Hits BEAC: Ebibeyin Agency at the Epicenter of Counterfeit Controversy 2024.

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Forgery Scandal Hits BEAC: Ebibeyin Agency at the Epicenter of Counterfeit Controversy 2024 The Central African Economic and Monetary Community (CEMAC) has been shaken by a scandal involving the BEAC agency in Ebibeyin, Equatorial Guinea. A counterfeit banknote operation has been uncovered, implicating several high-ranking officials, including the Commissioner of Ebibeyin and the head of…

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

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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

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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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