Leaders of the Economic and Monetary Community of Central Africa (CEMAC) vowed on Monday to implement structural reforms aimed at boosting economic growth and ensuring monetary stability, according to a statement released at the summit. The commitment was made at a special session of the CEMAC. The statement said the leaders also pledged to pursue […]
France’s highest appeals court on Wednesday confirmed a verdict against former president Nicolas Sarkozy for corruption and influence peddling, ordering him to wear an electronic tag for a year, a first for a former head of state. Sarkozy, who had earlier been found guilty of illegal attempts to secure favours from a judge, will “evidently” […]
The President-General of the Manyu Women International Association (Nyenè Mawn) has called for branch and chapter leaders to be more responsible in their commitments to the association. Dr Patience Abangma issued an ultimatum to some chapter heads who reportedly withdrew money from the association’s bank account recently and hindering preparations for France 2025. The Manyu […]
Cameroon’s state-owned oil refinery (SONARA) has won a contractual dispute in the High Court of England and Wales, defeating claims made by a Nigerian oil supply company worth over USD 100 million. Lagos-headquartered oil company Sahara Energy Resource claimed that Société Nationale de Raffinage (Sonara) should pay for interest, penal charges and foreign exchange losses […]
By the end of February 2024, commercial banks in Cameroon held 56% of Chad’s debt securities on the CEMAC (Central African Economic and Monetary Community) money market, managed by the BEAC, the region’s central bank. According to IMF report 24/335, the Chadian government has become increasingly reliant on Cameroonian banks, “which have purchased virtually all […]
Syria’s former President Bashar al-Assad has denied claims that his departure from Damascus was planned in advance, saying Russian authorities requested his evacuation from the Hemeimim air base in the western coastal province of Latakia after it came under intense drone strikes. “My departure from Syria was neither planned nor did it occur during the […]
President Paul Biya warned on Monday of “disastrous consequences” for the countries of the Economic and Monetary Community of Central Africa if urgent action is not taken to address their deteriorating net external reserves. The member countries – Cameroon, Gabon, Chad, Equatorial Guinea, Central African Republic, and the Republic of Congo – share monetary policy […]
A new cohort of soldiers from the Rapid Intervention Battalion (BIR) has completed its training. On Friday, December 13, at the expansive BIR base in Maroua-Salack, in the Far North region, 755 soldiers received their graduation certificates. Simultaneously, at the Man O’ War Bay base in Limbe, in the South-West region, another 378 recruits also […]
Israel’s foreign ministry announced on Sunday that it was closing its embassy in Ireland, citing the Dublin government’s “extreme anti-Israeli policies”, further straining tense relations between the two nations. Diplomatic ties between Ireland and Israel have deteriorated after a series of moves that included Ireland recognising a Palestinian state and backing an International Court of […]
The heads of state from the six CEMAC countries are scheduled to meet on December 16 in Yaoundé, Cameroon’s capital. This summit, confirmed by sources within the Ministry of Finance and the Bank of Central African States (BEAC), will focus on the growing economic challenges in the region. The gathering is so serious that a […]
