• The new telephone numbering system in Cameroon to go to nine digits in November 2014

  • Greenpeace denounces the sale of 3,000 m3 of illegal logging in Cameroon

  • In Cameroon, the end of fuel marking could increase fraud

  • AES Sonel’s Managing Director is counting on “the web and mobile services to improve interactivity w...

  • In Cameroon, “2014 could turn out better than expected”

News

orange-preparing-to-hold-on-to-its-subscribers-ahead-of-viettel’s-arrival

Orange preparing to hold on to its subscribers ahead of Viettel’s arrival

Facing significant changes in the pipeline for the Cameroonian mobile phone market, the French cellular service provider, Orange, has plans afoot to mitigate the potential impact of these developments on its profitability based on what...Lire la suite | 29/08/2014
cameroon-bertoua-gas-filling-centre-is-98-complete

Cameroon: Bertoua gas filling centre is 98% complete

According to the Hydrocarbon Fuel Stabilisation Fund (CSPH), the gas filling centre for the city of Bertoua, the regional capital of East-Cameroon, is 98% complete. This 5 billion FCFA infrastructure will soon help to increase...Lire la suite | 29/08/2014
members-of-cameroon’s-economic-press-receive-training-on-oil-price-regulatory-mechanisms

Members of Cameroon’s economic press receive training on oil price regulatory mechanisms

Forty journalists of the Cameroonian press and correspondents from local agencies and international newspapers met in the Presse économique du Cameroun association (Presse Eco) , were trained from August 21-22, 2014 in the city of...Lire la suite | 26/08/2014
cameroon-development-corporation-encouraged-to-diversify-products-to-regain-financial-balance

Cameroon Development Corporation encouraged to diversify products to regain financial balance

The Cameroon Development Corporation (CDC), the public agro-industrial company that works in banana desserts, hevea and oil palms in the South-West region, is currently in financial difficulty partially due to the decrease in the price...Lire la suite | 25/08/2014
cameroon-is-“diageo’s-4th-largest-market-worldwide”-according-to-the-group’s-president-for-africa-andy-fennel

Cameroon is “Diageo’s 4th largest market worldwide,” according to the group’s president for Africa, Andy Fennel

While visiting Cameroon, the president of UK-based Diageo’s Africa division, Andy Fennel, stated that Cameroon is a strategic market for the brewery as it is its “4th largest market worldwide”. Cameroon is also Diageo’s number...Lire la suite | 20/08/2014
20/08/2014 Energy actis-to-invest-170-billion-fcfa-in-cameroon-from-2014-2018

Actis to invest 170 billion FCFA in Cameroon from 2014-2018

Aes Sonel, the electricity provider in Cameroon since 2001, which was recently acquired by the British investment fund, Actis, is planning to invest a whopping 170 billion FCFA in Cameroon’s electricity sector for the 2014-2018 period (which is 35 billion FCFA per year). This was revealed when the company’s new...
18/08/2014 Electricity cameroon-new-aes-sonel’s-new-managing-director-reveals-his-priorities-for-the-energy-sector

Cameroon: New AES Sonel’s new managing director reveals his priorities for the energy sector

Waiting to officially assume his post as Managing Director of AES Sonel, which is slated to take place on Tuesday, August 19, 2014 in Douala, the economic capital of Cameroon, the polytechnic graduate, Joel Nana Kontchou (photo), appointed following a board meeting held on July 7, 2014, started his new...
18/08/2014 Finance for-the-first-time-cameroon-wins-big-with-treasury-bonds-on-beac

For the first time, Cameroon wins big with treasury bonds on BEAC

Following its first issuance of assimilatable treasury bonds in 2014 on the Central African States BANK MARKET (beac) on August 6, 2014, Cameroon’s Treasury Department achieved a subscription rate of 191.55%. According to the press release issued by the Central Bank, investors offered 19.155 trillion FCFA while the Directorate General...
18/08/2014 Finance government-securities-60-billion-raised-by-cameroon-at-an-average-subscription-rate-of-300-up-to-1st-september-2014

Government securities: 60 billion raised by Cameroon at an average subscription rate of 300% up to 1st September 2014

Between January and June 2014, the State of Cameroon raised 60 billion FCfa on the public securities market of the Central African States Bank (BEAC), according to figures revealed by the Directorate General of the Treasury to the Ministry of Finance. Meanwhile, 437 million FCFA in interest has been paid-out...
09/08/2014 Finance insurance-company-chanas-on-the-brink-of-the-abyss

Insurance company Chanas on the brink of the abyss

Losses sustained in 2013 by the giant of the Cameroonian insurance market, are alleged to be in the range of 2 billion FCFA, according to what Financial Afrik has just revealed. According to the website, “the Cameroonian leader of the IARDT is now paying the price for its managerial instability...

Business in Cameroon Newsfeed

29/08/2014, 03:12 - Telecom
Facing significant changes in the pipeline for the Cameroonian mobile phone market,...
29/08/2014, 03:01 - Telecom
Originally scheduled to occur in 2013 then postponed to the first quarter...
29/08/2014, 02:56 - Energy
According to the Hydrocarbon Fuel Stabilisation Fund (CSPH), the gas filling centre...
26/08/2014, 06:21 - Communication
Forty journalists of the Cameroonian press and correspondents from local agencies and...
26/08/2014, 06:11 - Agriculture
The international NGO, Greenpeace, announced on August 20, 20145, that a cargo...
25/08/2014, 02:56 - Energy
In the structure of oil product prices published in the Fuel Price...
25/08/2014, 02:42 - Telecom
New Managing Director at AES Sonel, the energy production and distribution company...
25/08/2014, 02:38 - Agriculture
The Cameroon Development Corporation (CDC), the public agro-industrial company that works in...
20/08/2014, 19:18 - Public management
According to Cameroon’s National Financial and Monetary Committee, following its midpoint assessment,...
20/08/2014, 19:16 - Companies
While visiting Cameroon, the president of UK-based Diageo’s Africa division, Andy Fennel,...
20/08/2014, 19:11 - Energy
Aes Sonel, the electricity provider in Cameroon since 2001, which was recently...
20/08/2014, 19:08 - Mining
For the 2014 fiscal period, the Cameroonian government has provided the small-scale...
18/08/2014, 19:24 - Finance
Following its first issuance of assimilatable treasury bonds in 2014 on the...
18/08/2014, 19:17 - Electricity
Waiting to officially assume his post as Managing Director of AES Sonel,...
18/08/2014, 19:10 - Mining
Canyon Resources Ltd plans to produce bauxite in the Birsok project which...
18/08/2014, 17:35 - Agriculture
During a shareholder general assembly held on July 22, 2014, Société de...
18/08/2014, 17:21 - Telecom
On August 7, as has been done for a year now, the...
18/08/2014, 17:15 - Finance
Between January and June 2014, the State of Cameroon raised 60 billion...
18/08/2014, 16:35 - Mining
Listed on the Australian Securities Exchange, Legend Mining Ltd, is now officially...
09/08/2014, 19:06 - Trade
In December 31, 2013, trade between Cameroon and Cote d’Ivoire reached 155.3...
09/08/2014, 18:59 - Companies
By presidential decree signed on August 1, 2014, the Cameroonian magistrate, Mutanga...
09/08/2014, 18:54 - Finance
On June 24, 2014, Citi Bank Cameroon made its shareholders’ decision official...
09/08/2014, 18:51 - Finance
Losses sustained in 2013 by the giant of the Cameroonian insurance market,...
09/08/2014, 18:40 - Energy
The natural gas and oil group, Bowleven plc, currently the holder of...
06/08/2014, 03:49 - Public management
According to a decree signed on July 21, 2014 by the Cameroonian...
06/08/2014, 03:45 - Construction
The Cameroonian Ministry of Public Works has just made an international call...
06/08/2014, 03:41 - Public management
The Cameroonian Minister of Economy, Emmanuel Nganou Djoumessi, and Daniel Feremans, head...
06/08/2014, 03:34 - Agriculture
Compagnie du Cambodge, a Bolloré group company, which held 20.32% of the...
31/07/2014, 07:28 - Public management
The Ministry of Public Works of Cameroon has just made a national...
31/07/2014, 07:26 - Construction
On July 15, 2014, the Central African States Bank (BEAC) published the...
31/07/2014, 07:23 - Public management
At a meeting with journalists in Yaoundé, the capital of Cameroon, July...
28/07/2014, 02:57 - Companies
In a published commentary in the independent Malian newspaper on July 22,...
28/07/2014, 02:51 - Mining
Canyon Resources Ltd has alleged locating a large bauxite deposit in the...
28/07/2014, 02:40 - Finance
In light of its recently granted access to financing by the International...
24/07/2014, 07:54 - Transport
On July 22, 2014, the Cameroonian Head of State, Paul Biya issued...
24/07/2014, 07:51 - Public management
On June 18, 2014, Cameroonian Head of State, Paul Biya, enacted the...
24/07/2014, 07:47 - Energy
On July 18, 2014, Cameroonian Head of State, Paul Biya, enacted legislation...
24/07/2014, 07:41 - Business
In a statement published in the government daily’s July 21, 2014 edition,...
23/07/2014, 03:06 - Agriculture
According to the National Cocoa and Coffee Board (ONCC) for the month...
23/07/2014, 03:02 - Public management
In a release published on July 21, 2014 by the World Bank...
20/08/2014 Mining a-billion-fcfa-to-fight-gold-trafficking-in-cameroon-in-2014

A billion FCFA to fight gold trafficking in Cameroon in 2014

For the 2014 fiscal period, the Cameroonian government has provided the small-scale mining support framework, CAPAM, with one billion FCFA for the purchase of gold mined by small-scale miners, particularly those from the East region of Cameroon. This development was revealed by Jean Marcel Essomba, the CAPAM Coordinator. A programme...
18/08/2014 Mining cameroon-canyon-resources-hopes-to-mine-dso-bauxite-in-birsok

Cameroon: Canyon Resources hopes to mine DSO bauxite in Birsok

Canyon Resources Ltd plans to produce bauxite in the Birsok project which involves two permits for a surface area that spans 1,460 km2 in Cameroon. The last set of samples collected during the reconnaissance drilling on Baoua, a 700 by 350 metre plateau yielded “the best results” of the drilling programme...
18/08/2014 Agriculture cameroon-sodecoton-increases-its-social-capital-by-600

Cameroon: Sodecoton increases its social capital by 600%

During a shareholder general assembly held on July 22, 2014, Société de développement du coton (Sodecoton) moved to increase its social capital by 19.1 billion FCFA. This brings the total to 23.6 billion as opposed to the previous 4.5 billion. This, mathematically, represents an increase of close to 600%. According...
09/08/2014 Trade strong-growth-in-trade-between-cameroon-and-cote-d’ivoire-in-2013

Strong growth in trade between Cameroon and Cote d’Ivoire in 2013

In December 31, 2013, trade between Cameroon and Cote d’Ivoire reached 155.3 billion FCFA, compared to only 11 billion FCFA in 2011 and 33 billion up to December 31, 2012. This was just revealed by Ivorian Ambassador, Adama Dosso, now close to the end of his tenure, at farewell visit...
06/08/2014 Public management cameroon-seven-private-banks-appointed-to-the-governmental-emergency-monitoring-committee

Cameroon: Seven private banks appointed to the governmental emergency monitoring committee

According to a decree signed on July 21, 2014 by the Cameroonian Prime Minister, Philémon Yang (photo), seven private Cameroonian and foreign banks and financial institutions will sit on the technical committee responsible for the implementation of the government’s emergency monitoring plan. The selected institutions are Standard Chartered Bank, Deutsch...
06/08/2014 Public management belfius-bank-of-belgium-lends-14-billion-fcfa-to-cameroon-for-a-water-supply-system

Belfius Bank of Belgium lends 14 billion FCFA to Cameroon for a water supply system

The Cameroonian Minister of Economy, Emmanuel Nganou Djoumessi, and Daniel Feremans, head of the Belfius Bank and Belgium, have just signed a financing agreement for an amount totalling 14 billion FCFA to complete a project to improve water supply in eleven Cameroonian cities. According to reliable sources at the Ministry...
31/07/2014 Public management cameroon-seeks-provider-for-13-units-of-construction-machinery

Cameroon seeks provider for 13 units of construction machinery

The Ministry of Public Works of Cameroon has just made a national open call for tenders for the urgent supply of construction equipment to that ministry. The order includes 9 heavy machines (four compactors, two graders, a shovel loader, and a bulldozer) and four trucks (a carry-truck, a water truck,...
31/07/2014 Construction cameroon-5-candidates-in-line-for-preliminary-studies-to-build-beac-branch-in-ebolowa

Cameroon: 5 candidates in line for preliminary studies to build BEAC branch in Ebolowa

On July 15, 2014, the Central African States Bank (BEAC) published the names of the five shortlisted companies and corporate associations to bid to conduct preliminary studies on the construction of the building that will house the BEAC’s branch in Ebolowa, the regional capital of South Cameroon. Among the finalists...
28/07/2014 Companies cameroon-muc-rescues-malian-head-of-state-ibrahim-boubacar-keïta

Cameroon: MUC rescues Malian Head of State, Ibrahim Boubacar Keïta

In a published commentary in the independent Malian newspaper on July 22, 2014 and taken-up by malijet.com, Djiguiba Kéïta, The Secretary General for Parti pour la renaissance nationale (Party for National Rebirth) (PARENA), the Malian opposition, reveals that “it is claimed that it is the PMU of Cameroon which pays...
24/07/2014 Public management cameroon-morocco-agreement-for-the-encouragement-and-reciprocal-protection-of-investors

Cameroon-Morocco agreement for the encouragement and reciprocal protection of investors

On June 18, 2014, Cameroonian Head of State, Paul Biya, enacted the law adopted in June 2014 by the Cameroonian parliament authorising the president of the Republic to ratify the agreement signed between Morocco and Cameroon on January 24, 2007 on “the encouragement and reciprocal protection of investors.” This new...
23/07/2014 Agriculture cameroon-the-“fight-against-illegal-vendors”-maintaining-cocoa-prices

Cameroon: The “fight against illegal vendors” maintaining cocoa prices

The average price per kilogramme for Cameroonian producers for the month of July 2014 is estimated at 1,050 FCFA, according to the National Cocoa and Coffee Board (ONCC), cited by Commodafrica. The same source goes on to say that this average price was 900 FCFA in May 2014. The price increase...
22/07/2014 Public management cameroon-to-increase-minimum-wage-from-de-28000-to-36270-fcfa

Cameroon to increase minimum wage from 28,000 to 36,270 FCFA

After several days of negotiation, the Cameroonian government and representatives of employers and workers finally reached consensus on July 17 for the increase of the national minimum wage. According to authorised sources at the Ministry of Labour and Social Security, the minimum wage will be raised from 28,000 FCFA to 36,270...
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