The move marks a significant step in restarting the nation’s industrial and refrigeration sector after two decades.

The move marks a significant step in restarting the nation’s industrial and refrigeration sector after two decades. The relaunch of this Gabonese company will, according to the authorities, enable the development of a real industry for processing fishery resources in Gabon. Gabon’s Strategic Move: Acquiring Ships to Revitalize the Industrial and Refrigeration Sector After two…

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David Eboutou wants to challenge Paul Biya in 2025

David Eboutou wants to challenge Paul Biya in 2025 The political landscape in Cameroon is witnessing a surge of activity as the 2025 presidential election approaches. Among the emerging narratives is the potential candidacy of David Eboutou, a renowned historian and political analyst, who is poised to challenge the long-standing incumbent, Paul Biya. David Eboutou’s…

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Cameroon’s Major Debt Repayment: 141 Billion CFA to China in Early 2024

Cameroon’s Major Debt Repayment: 141 Billion CFA to China in Early 2024 CAA headquarters Cameroon’s Debt Service to China: A Closer Look at the Numbers In the first quarter of 2024, Cameroon made a significant debt service payment to China, amounting to 141 billion CFA francs. This payment is part of Cameroon’s broader efforts to…

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Ethiopian Airlines Expands: Douala Route Gets 4 Extra Flights!

Ethiopian Airlines Expands: Douala Route Gets 4 Extra Flights! An Ethiopian Airlines plane Ethiopian Airlines, Africa’s largest airline, has recently expanded its operations with the addition of four new flights to and from Douala, Cameroon. This strategic move is set to enhance connectivity and foster economic growth in the region. Douala, the economic capital of…

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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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Cameroon’s Digital Leap: Quadrupling Farm Incomes

Cameroon’s Digital Leap: Quadrupling Farm Incomes If the country wins the challenge of defying all limits to the implementation of the digitalization project, it could be a game-changer in the transformation of small-scale agriculture.  The digitalization of agriculture could multiply its revenues by 4In the heart of Central Africa, Cameroon is taking bold steps towards…

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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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