The Bank of Zambia has approved the acquisation of 80% shareholding in Intermarket Bank to Afriland First Bank Group of Cameroon. The bank has also announced plans to significantly increase the capital of the bank by expanding to rural areas, focusing on lending to small and medium enterprises, agriculture and corporate banking institutions.
Joseph Toubi, Intermarket [...]
Two years after their first summit, India and Africa Wednesday launched an ambitious action plan that includes closer cooperation in agriculture and setting up new training institutes by New Delhi in areas ranging from foreign trade to education and IT.
The action plan was launched at a formal ceremony attended by the 15-member delegation of the [...]
Victoria Oil & Gas (VOG) gave investors a reason to celebrate on Tuesday, after test results at its flagship Logbaba Gas and Condensate project in Cameroon smashed expectations.
News that the group’s Well La-105 in Douala had produced rates in excess of 10,000 barrels of oil equivalent per day (boepd) sent the independent oil and gas [...]
Les établissements de microfinance (EMF) se révèlent aujourd’hui comme de véritables prédateurs au Cameroun, la logique mercantile et mesquine l’emportant largement sur la mission originelle dévolue à ce secteur qui est de fournir des services financiers accessibles à des personnes à revenus modestes, selon des enquêtes effectuées dans la filière par des ONG.
Selon le Réseau [...]
C’est un homme jovial, qui de prime abord dégage un enthousiasme très communicatif. Hier soir à l’aéroport international de Yaoundé-Nsimalen, ce passager pas comme les autres est pourtant passé inaperçu. Enfin, presque. Car, s’il n’avait parlé quelques minutes aux reporters de CT, personne dans cette salle de récupération des bagages n’aurait vraiment fait attention à [...]
“StratoComm’s proprietary telecommunications payload is fully operational and Evergreen’s network engineers are systematically connecting services to its growing subscriber base,” states StratoComm CEO, Roger D. Shearer. Shearer continues, “In addition to subscriber services Evergreen will establish several communications centers throughout Douala that will enable local residents to access reliable broadband and voice services within their [...]
Victoria Oil and Gas has signed offtake agreements with 14 Cameroonian firms for gas from its Logbaba project, due to begin production later this year, a company official told Reuters on Friday.
The agreements, most of which will run for five years, amount to supplying 226,000 cubic metres of gas per day to industrial city Douala, [...]
US Airways customers will soon enjoy greater access to Europe and Africa thanks to a new codeshare agreement with Brussels Airlines. The agreement is subject to both U.S. Department of Transportation (DOT) and Belgium government approval.
The two Star Alliance carriers have agreed to a bilateral codeshare relationship which means that each airline may market flights [...]
Stakeholders of the device code-named, “Mobile Money” met yesterday to brainstorm on how to take the project off the ground.
A new money transfer system is underway in Cameroon like in other countries of the Central African Sub region (CEMAC). The product, dubbed, “Mobile Money” according to officials, enables subscribers to use their phones to transfer [...]
Le besoin a été exprimé la semaine dernière au cours d’une rencontre entre l’Autorité portuaire nationale et les transitaires.
Les échanges entre les transitaires (un maillon important du secteur portuaire) et une mission de l’Autorité portuaire nationale, conduite par Josué Youmba, ont pris mercredi dernier dans les locaux du Port autonome de Douala (PAD), les allures [...]