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Central Africa

Rwanda enjoys fast economic growth

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Rwandan President Paul Kagame said Thursday that the small East African nation has emerged among the fastest growing economies in the world in a short period of time.

US-Africa Summit: US firms to invest $14bn in Africa

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US companies have pledged $14bn (£8.3bn) of investment in Africa in areas such as energy and infrastructure, US President Barack Obama has said.

Rwanda most competitive economy in East Africa

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Rwanda retains its position as the most competitive economy in the East African region and third in Africa, according to a new Global Competitiveness Index report.

Glencore to finance Chad's $1.3 bln oil assets purchase

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Chad has selected Glencore to finance its purchase of Chevron's $1.3 billion oil assets, the oil ministry said in a statement, as the commodities trader deepens its ties with the central African country.

Rwanda sees economic growth picking up to 7 percent in 2016

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Rwanda expects economic growth to pick up to 7 percent in 2016 from 6.7 percent in 2015, Finance Minister Claver Gatete said on Friday, a pace that would lag planned rises in public spending.

China injects 2 bln USD into new Africa fund

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The People's Bank of China and the African Development Bank (AfDB) have signed a new financing agreement worth 2 billion U.S. dollars setting up an Africa-wide investment vehicle dubbed "Africa Growing Together Fund" (AGTF).

Africa Is Becoming the New China and India

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China and India get all the headlines for their economic prowess, but there's another global growth story that is easily overlooked: Africa.

Central African Republic wants embargo on its diamond trade lifted

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A delegation from the Central African Republic (CAR)'s Permanent Secretariat for the Kimberley Process has called for the suspension of an international embargo imposed on the sale of the country's diamonds.

Donald Kaberuka in Central Africa to further AfDB cooperation with the Congo and Gabon

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African Development Bank (AfDB) President Donald Kaberuka is paying an official visit to Brazzaville in the Republic of the Congo and Libreville in Gabon from February 24 to 27, 2014 to reiterate the Bank’s commitment to continue and further cooperation with both countries.

Gicam seeks 24 acres in Côte d’Ivoire for Cameroonian investors

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At the 4th Forum Investir in Côte d’Ivoire which just came to a close in Abidjan, the president of Groupement interpatronal du Cameroun (Gicam),

Cameroon issues new Treasury bills for 5 billion FCfa on the BEAC market

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According to internal sources at the Central African States’ Bank (BEAC), Cameroon undertook a new issuance of Treasury bills on February 12, 2014,

Five companies compete for towing and mooring dealership at Kribi Port

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Following a call for expressions of interest, the Cameroonian government has just shortlisted five companies to

Cameroon to create support fund for innovative companies

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The Cameroonian Minister of Mining, Industry and Technological Development, Emmanuel Bondé just made a call for expressions of interest for the recruitment of a firm or a consultant to conduct

Cameroonian glass company finally equipped to run on GDC’s thermal gas

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A subsidiary of Victoria Oil & Gas Company, Gaz du Cameroun (GDC), has successfully completed its thermal gas connection to the Cameroonian glass manufacturer, Socaver. The parent company made this announcement on February 4, 2014.

Cameroon - Phone numbers to go to 9 digits in first quarter of 2014

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Initially expected in November 2013, the change in dialling procedure will now take place in the first quarter of 2014.

The international coffee festival, Festicoffee, to be held on May 29-31, 2014

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According to the Inter-professional Coffee and Cocoa Council (CICC), the second international festival for Cameroonian coffee, Festicoffee, will be held on May 29-31 of this year in four cities across the country – Yaoundé, the capital, Akonolinga, Belo and Santchou, three main production areas in Cameroon.

Cameroonian cocoa exports to China went up by 113% in 2013

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According to Commodafrica, Cameroon exported 2,605 tonnes of cocoa to China in 2013. This marks a 113% increase relative to cocoa exports to the same country in 2012.

Cameroon Cocoa

China, India and Korea invest 1.2 trillion FCfa in Cameroon

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According to the Cooperation Directorate of the Ministry of Economy, which just completed its annual review of emerging country investment in Cameroon, China, India and South Korea

 

FinAfrique brings Islamic finance to Cameroon

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The FinAfrique firm has announced the holding a training seminar on Islamic finance from February 26-28, 2014 in Douala, Cameroon’s economic capital. 

AfDB Boards approve US $4.89 billion for 2014 Borrowing Program

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The Boards of the African Development Bank (AfDB) on Wednesday, December 4 approved a cumulative US $4.89 billion (UA 3.188 billion) for the 2014 Borrowing Program of the AfDB Group.