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Turkey’s MFB acquires Sucaf Gabon from France’s Somdiaa
Turkey’s MFB acquires Sucaf Gabon from France’s Somdiaa  A sugar complex in Sucaf In a significant move within the African sugar industry, Turkey’s MFB International has acquired a majority stake in Sucaf Gabon, previously controlled by France’s Somdiaa, for a symbolic one franc. This transaction marks a pivotal shift in the sugar sector of Gabon…
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Patrice Motsepe plans 360B CFA franc investment in Congo phosphate mining by 2025.
Patrice Motsepe plans 360B CFA franc investment in Congo phosphate mining by 2025. Patrice Motsepe The African continent continues to be a focal point for mining activities, and the latest development comes from the Republic of Congo, where South African billionaire Patrice Motsepe is set to make a significant investment in phosphate mining. The investment,…
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Gabon’s rubber industry saw a remarkable 25.2% growth in 2023, hitting a record 12.3 billion CFA francs in revenue.
Gabon’s rubber industry saw a remarkable 25.2% growth in 2023, hitting a record 12.3 billion CFA francs in revenue.  Rubber extraction The Rubber Industry in Gabon: A Resilient Growth Amidst Global Challenges The year 2023 marked a significant milestone for Gabon’s rubber industry, as it witnessed a remarkable turnover of 12.3 billion CFA francs, registering…
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Cameroon’s Beer Prices to Rise: Dovv Distributors Announce Prices Jumping by 100 CFA Francs Next Month
Cameroon’s Beer Prices to Rise: Dovv Distributors Announce Prices Jumping by 100 CFA Francs Next Month  Philippe Tagne Noubissi, CEO of Dovv The beer market in Cameroon is set to experience a price adjustment as Dovv Distributors, a key player in the distribution of alcoholic beverages, has announced an increase in beer prices by 100…
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The Strategic Shift: U.S. Military Redeployment in Chad and Niger
The Strategic Shift: U.S. Military Redeployment in Chad and Niger As the sun rises on May 1, 2024, a significant shift in U.S. military strategy will take place. The majority of American soldiers stationed in Chad will depart, marking a pivotal moment in the Sahel region’s security dynamics. This move comes as part of a…
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Cameroonian Joseph Ndi Lotin appointed to the Ascoma Group’s personal insurance division
Cameroonian Joseph Ndi Lotin appointed to the Ascoma Group’s personal insurance division The Ascoma Group, a prominent player in the insurance sector, has recently made a significant addition to its team by appointing Joseph Ndi Lotin as the Commercial Director of its personal insurance division. This strategic move is part of Ascoma’s ongoing efforts to…
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Congo Leads as Top Securities Issuer, March 2024
 Congo Leads as Top Securities Issuer, March 2024 Dénis Sassou Nguesso’s country is followed by Gabon and Cameroon, whose respective outstanding amounts are 1,536.2 billion CFA francs (23.5%) and 1,453.9 billion CFA francs (21.8%).  Jean Baptiste Ondaye, Minister of Economy and Finance of Congo According to the monthly statistics of CEMAC treasury values, the amounts…
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Cameroon: Nearly half of the population lives in poverty
Cameroon: Nearly half of the population lives in poverty Cameroon’s fifth household survey, published on April 24 by the National Institute of Statistics, establishes a poverty rate of 38.6% in 2021-2022, or about 10 million poor people compared to 8 million in 2014. The main results of the 5th Cameroonian Household Survey (ECAM 5), published…
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Financing: Cameroon mobilized 388 billion CFA francs from its partners in the 1st quarter of 2024
Financing: Cameroon mobilized 388 billion CFA francs from its partners in the 1st quarter of 2024 Cameroon has also seen success in raising funds on the public securities market of the Bank of Central African States (BEAC), with a significant annual increase in funds raised through this channel. The country’s domestic debt, excluding payables In…
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Cameroun : la dette publique atteint 12 714 milliards de Fcfa (42,9% du PIB) au 1er trimestre 2024
Cameroun : la dette publique atteint 12 714 milliards de Fcfa (42,9% du PIB) au 1er trimestre 2024 La dette publique du Cameroun a atteint 12 714 milliards de Fcfa, représentant 42,9% du Produit Intérieur Brut (PIB) au premier trimestre de 2024. Cette statistique marque une légère augmentation de 1,1% par rapport à la même…
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