By the AFREEQUE newsroom, based on Ecomatin
BGFIBank Cameroon and Atlantic Group have signed a CFA franc 23 billion financing agreement to build a clinker grinding plant in Kribi. The cement plant is expected to produce one million tonnes a year and extend their cooperation in cocoa processing, reports Ecomatin.
Offshore oil and gas platforms in the Kribi area restrict fishermen’s access to fishing grounds and threaten marine biodiversity, according to residents of Grand-Batanga 2. The sector contributed CFA francs 774.51 billion to Cameroon’s budget in 2023, according to an Extractive Industries Transparency Initiative report cited by Thepostnpcameroon.
🇨🇲 Cameroon · Source: Thepostnpcameroon ·
Donald Trump says a tanker carrying one million barrels of Venezuelan crude is offshore Texas and that its cargo is being provided to the United States free of charge, according to the Zambian Observer. He presents the arrival as the result of a deal reached in August with Venezuela’s interim government. Lebrief reports that Trump described the delivery as the first instalment of a supply that, he said, is expected to reach several billion barrels.
🇺🇸 United States · Source: Zambianobserver ·
French courts have upheld a seizure of CFA francs 11.7 billion targeting the Cameroonian state in the dispute over the Garoubé Pilot Project. The measure was requested by a fund based in the Cayman Islands, according to Ecomatin, which describes the decision as another setback for Yaoundé.
🇨🇲 Cameroon · Source: Ecomatin ·
Malian transitional president Assimi Goïta reviewed with KAMAZ managing director Vasily Tsyganov a contract worth more than 30 billion CFA francs for 350 vehicles. Signed on 7 October with the Société de transport et de logistique, the partnership also provides training for Malian drivers, mechanics and engineers, according to Mali Actu.
🇲🇱 Mali · Source: Mali Actu ·
Cameroon nears exit from FATF grey listCameroon is nearing removal from the Financial Action Task Force’s grey list, where it has been since June 2023 over shortcomings in the fight against money laundering and terrorist financing. Delegate Finance Minister Yaouba Abdoulaye described the step as a national priority at a meeting in Yaoundé, according to The Post Cameroon.
DR Congo industrial fund releases $30m for Mbombo damThe Industrial Promotion Fund has released $30 million to restart the Mbombo hydroelectric dam in Kasaï-Central, whose total cost is estimated at $120 million. Work, entrusted to Angélique International Limited under ANSER supervision, is expected to deliver 20 megawatts, reports Le Potentiel.The week in Africa
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