The Cameroonian government has just launched an invitation for tenders to recruit a manager for the avocado oil extraction plant project in the town of Mbouda, in the Western region of the country. This agro-industrial project is implemented as part of the “basic poverty reduction sub-program”, established by the ministry of Economy with the support of the PNUD. The agro-industrial unit in...

Tired of rumours which poisoned the political and social life in Gabon, the office of the President decided to launch on this 17th July an anti-rumour website www.stop-kongossa.com.  “So in order to inform the public, who is sometimes misled by these rumours and misinformation, the Office of the President will launch online, from tomorrow Friday 17 July 2015, a information website fixed...

The ONEE (National Office for Electricity and Water) invites pre-qualification submissions for the realisation, operation and maintenance of three photovoltaic plants of 25 MW each. These plants will be located in the region of Tafilalet. Many international institutions such as the International Bank for Reconstruction and Development (IBRD) and the World Bank will put up the financing for US$...

The Société Tunisienne de Banque (STB) has been green-lighted by the Financial Market Council, the Tunis Stock Exchange regulatory body, to increase its capital to 652.57 million dinars (approximately US$ 330 million). The operation, which is within the framework of the recapitalisation of the public bank, will be materialised by the issuance of 130,515,000 shares at the price of 5.800 dinars...

Tough times for the press in Senegal. There was this brief custody, on 14 July 2015, of the chief editor of the daily L’Observateur, Alioune Badara Fall, and his colleague, the journalist Mamadou Seck. Brought to court, they came back on 15 July. On the same day, the chief editor of the newspaper Quotidien, Mouhamed Guèye, was taken into custody and referred to the Office of the Public...

Wafa Assurance Vie Cameroun S.A., Cameroonian subsidiary of the Moroccan Wafa Assurance, officially received their approval on 8th July by the Cameroonian ministry of Finance. The new company which target is to develop the life insurance market in Cameroon by relying on the SCB distribution network, banking subsidiary of the Attijariwafa Bank group, has already been given the green light by the...

The Board of the Maghreb Arabe Presse news agency (MAP) approved the management and financial report for the year 2014. The performance of the Moroccan news agency were put forward. The General Director, Khalil Hachimi Idrissi, presented the assessment of the activities outlining a production increase. MAP is now publishing over 530 dispatches per day, as opposed to 294 in 2011. This is a growth...

In Cameroon, the television channel Canal 2 International is again in the dock for “promoting of homosexuality”. A letter was addressed to the CEO of this private media, Eric Fotso (pictured) by the Cameroonian League of consumers (LCC). “Your channel has been broadcasting, for some time, a series titled “Double Jeux”. The episode shown on Tuesday 07th July and again the following day,...

The Togolese state has just granted the Cameroonian economic operator Simon Pierre Ndjeng, introduced as boss of the Togolese subsidiary of the Spanish company Modul System, the authorisation to build university campuses in the cities of Lomé, the capital and Kara, in the north of the country, disclosed the business and economic affairs newsletter La Lettre du Continent. Moreover, we learn that...

The oil and gas company Tower Resources Plc is getting ready to sign a Production Sharing Agreement(PSC) in which it will hold 100% shares in the Thali block, in the Rio Del Rey basin in the Niger Delta oil sub-basin in the Cameroon Offshore. The oil company, listed in London, announced on 15th July the imminence of the signing of this agreement which has been approved by the Cameroonian...