Burkina Faso Says It Has Generated $18 Billion from Gold Mines Since Ibrahim Traoré Took Office Burkina Faso’s transitional government says it has generated $18 billion from the country’s gold mining sector since Captain Ibrahim Traoré took office in September 2022, highlighting what it describes as a major shift toward greater national control of the…
Nigeria, Brazil emerge as preferred crude oil market for Asian refiners When a region such as Asia, which accounts for about 40% of global daily oil consumption, faces disruptions from traditional suppliers like the Persian Gulf and Russia, the consequences are predictable. The gap has to be filled by other sources elsewhere. And that is…
The Director General of Camwater, Dr Blaise Moussa, took part yesterday in a working visit led by the Minister of Water and Energy, Mr. Gaston Eloundou Essomba on the construction sites of the Emergency Project for better integration of the additional water volume of PAEPYS (PUMIP) into the network of the city of Yaoundé yesterday,…
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…
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…
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…
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…
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…
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…
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…
