Cameroon: Businesses see surge in bank lending in Q2 2023, despite Beac’s tight policies
Banks and financial institutions operating in Cameroon provided businesses in the country with loans totaling CFA1,311.6 billion between April and June...Cameroon extends tax payment deadlines amid nationwide internet outages
The Cameroonian Ministry of Finance announced the extension of the tax filing and payment deadlines by a week, pushing the due date from March 15 to March...Air Liquide sells assets in 12 African countries, including Cameroon
French industrial gas giant Air Liquide announced yesterday it has sold its operations in twelve Sub-Saharan African countries to the investment firm...Undersea cable issues disrupt internet in Cameroon and beyond
Internet access in Cameroon has been disrupted since the morning of March 14, 2024, following incidents involving two undersea cables. The Mobile...CEMAC: Investment financing drops to 19.6% of total lending in Q2 2023
Banks operating in the CEMAC region primarily issued short-term loans, with durations under 24 months, over the second quarter of 2023 as reported by the...Central African interest rates climb in Q2 2023, Cameroon leads the surge
The average interest rates applied by banks in the Economic and Monetary Community of Central Africa (CEMAC) increased by 106 basis points (1.06%) between...BVMAC initiates share split to enhance financial inclusion in Central Africa
The Central African Securities Exchange (BVMAC) plans to split shares to make financial market participation more accessible to low-income populations....Morocco tops the list as Cameroon’s leading African supplier in 2022
In 2022, Morocco became the leading African supplier to Cameroon. According to the latest external trade report released on February 16 by the National...Fifteen firms capture 40% of Cameroon’s market revenue in 2022
In 2022, fifteen companies in Cameroon accounted for 39.5% of the total revenue in the productive sector, amounting to 5,098.1 billion CFA francs. The...Cameroon: Corporate profits up 16.1% in 2022 amid sectoral challenges
The cumulative net income of companies operating in Cameroon saw a 16.1% increase in 2022, according to the "Economic and Financial Study of Companies in...Cameroon cocoa hits record prices amid global demand surge
During a collective cocoa sale on March 5, 2024, in Abong-Mbang, a key cocoa-producing area in Eastern Cameroon, producer prices per kilogram soared to a...Cameroon awards CFA4.9 billion road maintenance deal to CETP Sarl
The Ministry of Public Works in Cameroon has announced the awarding of the Bafang-Nkondjock road maintenance contract to the construction company CETP...Cameroon injects CFA2.2bn into counter-unemployment projects
The Cameroonian government has announced the disbursement of CFA2.2 billion to implement High Labor Intensive (HIMO) projects across the country. The...Central African appointed as the new governor of Beac amid regional challenges
Central African Yvon Sana Bangui has been appointed as the governor of the Bank of Central African States (BEAC), following a video conference held by the...CEMAC sees commodity price rise in Q4 2023 but faces bleak outlook for 2024
Export commodity prices for the six CEMAC countries experienced a 1.3% increase in the fourth quarter of 2023, according to the Composite Commodity Price...BDEAC launches first multi-tranche bond issue to raise CFA50bn
The Central African States Development Bank (BDEAC) is poised to open subscriptions for its inaugural 2024 bond issuance on March 4 at the Central African...Cameroon suspended from the Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) announced on March 1, 2024, that Cameroon has been suspended from its program "until its next...Bafoussam launches digital campaign to attract diaspora investment for city development
The city of Bafoussam, Western Cameroon, launched on February 27 a digital campaign - Invest in Bafoussam- to attract diaspora investment. This initiative...Inflation rates soar in Cameroon’s major cities, exceeding the Cemac threshold (INS)
Consumer price levels in nine out of the ten major cities in Cameroon exceeded the Cemac threshold of 3% in January 2024, according to reports by the...Moody's maintains tough stance on Cameroon despite debt stability predictions
U.S. rating agency Moody's has maintained a strict (Caa) rating for Cameroon, even though the country's debt is projected to remain stable until 2027. The...Cameroon: New transport fare hike to fuel inflation in 2024
In response to government measures aimed at mitigating the impact of rising super and diesel fuel prices since February 3, 2024, Cameroon's Minister of...RTC exceeds DIT's 15-year investment at Port of Douala in just four years
The Container Terminal Authority (RTC) of the port of Douala reported it has invested over CFA44 billion (about $76 million) between 2020 and 2023...Cameroon's inflation rate eases to 5.2% in January 2024 but continues to challenge household budgets
In January 2024, Cameroon experienced a decrease in its Consumer Price Index (CPI), according to data released on February 19 by the National Institute of...GROHE Backs Don Bosco Institute in Ebolowa with GIVE Programme
Last Friday, February 23rd, the Don Bosco Technical Institute in Ebolowa had a flurry of high-profile guests shuttle into its campus. Amongst them were...OCP Africa renews commitment to Cameroon’s agricultural sector
OCP Africa, the agro-oriented subsidiary of the Moroccan OCP Group, announced the renewal of its partnership with Cameroon's Ministry of Agriculture and...South Korea breaks into Top 5 of Cameroon’s suppliers for the first time in 2022
For the first time ever, South Korea has made it into the top 10 list of Cameroon's suppliers, landing at number 5 in 2022. According to Cameroon's...
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