December 22, 2024

Mines and Energy

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A Glencore brand

Glencore affair: the first suspects are known

labah princely01 mins

Glencore affair: the first suspects are known The Serious Fraud Office (SFO), the British fraud office, has revealed the identities of the first five people prosecuted in the corruption scandal involving former senior executives of Glencore, a Swiss commodities trader in Cameroon, but also in Nigeria and Ivory Coast where they are accused of having…

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A site operated by DSTM in CAR

State Intervention: RCA Recovers Mining Permits from DSTM Corporation

labah princely01 mins

State Intervention: RCA Recovers Mining Permits from DSTM Corporation The Central African Republic’s Move to Reclaim DSTM’s Mining Permits: A Strategic Step for Resource Management In a strategic move, the Central African Republic (CAR) has begun reclaiming gold and diamond mining permits from the Diamond and Stone Trading Company (DSTM). This decision marks a significant…

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Cameroon’s 2024 Oil Revenue Target in Jeopardy

labah princely01 mins

Cameroon’s 2024 Oil Revenue Target in Jeopardy Cameroon’s ambitious goal to collect CFA 801.6 billion in oil revenues by the end of December 2024 is facing significant challenges. The nation’s oil revenue figures for the first quarter of 2024 have only achieved 82.7% of the initial government target, a shortfall that raises concerns about the…

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An oil field

The Zina-Makary oil project in Far North Cameroon has been at a standstill for 15 years

labah princely01 mins

The Zina-Makary oil project in Far North Cameroon has been at a standstill for 15 years a situation that reflects the complex interplay of geopolitics, economics, and security concerns in the region. The project, which was initiated with the signing of a production-sharing contract between the Cameroonian government and the Chinese company Yan Chang Logone…

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

labah princely01 mins

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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Belgium bans the export of toxic fuels from its ports to Africa

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Belgium bans the export of toxic fuels from its ports to Africa In a landmark decision, Belgium has set a new precedent in environmental responsibility by banning the export of toxic fuels from its ports to African nations. This bold move comes as a response to growing concerns over the quality of fuels being exported…

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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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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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