By Etienne Mainimo Mengnjo The International Finance Corporation (IFC) has announced an equity investment of up to $50 million in the Lagos Free Zone Company to support the development and expansion of Nigeria’s first deep-sea port-based private special economic zone, the Lagos Free Zone. The announcement was made public on February 10. This investment aims…
By Etienne Mainimo Mengnjo AD Ports Group (ADX: ADPORTS), a leading global trade and logistics facilitator, has initiated its long-term management and development of a multipurpose terminal and associated logistics business in Luanda, Angola, in collaboration with local partners. This move marks a significant step in the group’s expansion into sub-Saharan Africa. In partnership with…
By Etienne Mainimo Mengnjo Logidoo has officially unveiled Doomaket, an innovative marketplace platform set to revolutionize African e-commerce by tackling the key challenges of global trade. This groundbreaking solution is designed to empower African merchants, enabling them to expand their reach and overcome the traditional barriers that have hindered international commerce. “Doomaket is more than…
By Etienne Mainimo Mengnjo The Cameroonian government has ordered an immediate withdrawal of SANA brand rice, a 25% Thai rice blend, from the market. The decision, announced on November 29th by Trade Minister Magloire Mbarga Atangana, follows the discovery of a clandestine repackaging operation in Douala, the country’s economic capital. Authorities uncovered a warehouse filled…
By Etienne Mainimo Mengnjo Binance, a global leader in blockchain and cryptocurrency infrastructure, has furthered its commitment to innovation and broader cryptocurrency accessibility in Africa. Through local partnerships, users in West and Central Africa, specifically Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo, Togo, and Senegal, can now purchase crypto directly using mobile money…
By Etienne Mainimo Mengnjo Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it has closed a €66 million mezzanine investment in Camusat Holding S.A.S. The proceeds will be used to refinance debt and fund the capital expenditure required for expansion of the group’s AktivCo division. Vantage Capital’s investment is part of a global…
By Etienne Mainimo Mengnjo Car owners in Yaounde are expressing growing frustration over suspected fuel theft at some stations. They report filling their tanks but then experiencing significantly lower mileage than expected, leading them to believe they are not receiving the full amount of fuel paid for. According to Vincent, a taxi driver, the phenomenon…
By Etienne Mainimo Mengnjo The Minister of Commerce, Luc Magloire Mbarga Atangana, has inaugurated the Wheat Shopping Complex, located at Odza, Yaounde 4 Subdivision. The shopping complex was inaugurated on May 3. During the inauguration ceremony, Minister Mbarga Atangana commended the Blé d’Or group for their efforts in promoting value chains and supporting the growth…
By Etienne Mainimo Mengnjo Thirty promoters of “Made in Cameroon” products have acquired valuable skills in packaging, labeling, and barcodes. This knowledge was gained through a training workshop held on April 25 in Yaoundé, chaired by Mirabel Nkemboh Nji, Director of Internal Trade at the Ministry of Trade. The Ministry of Trade, in collaboration with…
By Etienne Mainimo Mengnjo Logidoo, a renowned transportation and trade facilitator, has revolutionize the logistics industry with three groundbreaking advancements launched last month April 2024. The revolutionisation of the logistics landscape is been done through the introduction of new platform, sourcing unit, and expanded trade routes. With the introduction of a new platform tailored for…
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