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  • Cameroon: Investment needs in electricity reach 37 trillion FCFA over ten years

  • BEAC launches the Regional Committee for Method of Payment Monitoring in the CEMAC zone

  • The world leader in electrical tools, Japanese firm Makita, is now in Cameroon

  • Cameroon: China Development Bank grants 26.2 billion FCFA in financing to Afriland First Bank

  • Cameroonian Prime Minister’s visit to China lands two financing agreements worth 94.5 billion FCFA

NEWS

seychelles’-orion-oil-and-gas-opens-branch-in-cameroon

Seychelles’ Orion Oil and Gas opens branch in Cameroon

Based in Victoria in the Seychelles, the Orion Oil and Gas has just opened a branch in Douala on June 25, 2015. The extraordinary general assembly which took this decision also appointed Mr. Peihui Zhu...Lire la suite | 02/07/2015
cameroon-sonara-hands-top-international-engineering-corp-lands-one-billion-fcfa-deal

Cameroon: Sonara hands Top International Engineering Corp lands one billion FCFA deal

The Cameroonian government has just handed the contract to replace the roofs of the vats at Société nationale de raffinage (Sonara) to the China-based Top International Engineering Corp, for a total of 1.154 billion FCFA....Lire la suite | 29/06/2015
cocoa-certification-training-centre-created-in-lékié-the-largest-cameroonian-farming-bonus

Cocoa certification training centre created in Lékié, the largest Cameroonian farming bonus

The new facility will be called the Farmer Development Centre. It was just inaugurated by the Cameroonian Minister of Trade, Luc Magloire Mbarga Atangana, in Emana, situated in the Lékié department, the largest cocoa farming...Lire la suite | 26/06/2015
cfao-equipment-lands-half-a-billion-fcfa-cameroon-development-corporation-deal

CFAO Equipment lands half a billion FCFA Cameroon Development Corporation deal

The Cameroonian Minister of Public Contracts, Abba Sadou, has just published a release announcing that the Cameroonian subsidiary of CFAO Equipment has just copped the 439 million FCFA deal to supply two Mastervolts to Cameroon...Lire la suite | 23/06/2015
cameroon-mining-generates-830-billion-fcfa-in-2013

Cameroon: mining generates 830 billion FCFA in 2013

Officially presented on June 17, 2015 in Yaoundé, the last report by the National Monitoring and Implementation Committee for the Mining Industry Transparency Initiative (ITIE), reveals that, in 2013, the mining sector generated 830 billion...Lire la suite | 22/06/2015
25/06/2015 Agriculture cocoa-farm-prices-rise-at-the-end-of-the-season

Cocoa farm prices rise at the end of the season

A month from the close of the 2014-2015 cocoa season in Cameroon in July, the farm price per kilo of cocoa in farming areas reached 1,530 FCFA in June, compared to an average of 1,200 FCFA only a month ago. This was revealed by the Système d’information des filières or...
20/06/2015 Finance cameroon-banking-pool-conducted-by-ecobank-lends-25-billion-fcfa-to-camair

Cameroon: Banking pool conducted by Ecobank lends 25 billion FCFA to Camair

On June 16, 2015, the Cameroonian government and managing directors of Ecobank, Afriland First Bank, United Bank of Africa and Commercial Bank of Cameroon signed a loan agreement totalling 25 billion FCFA to finance Camair Co’s relaunch. Finance Minister Alamine Ousmane Mey stated that the sum represents a part of...
22/06/2015 Companies palm-oil-processing-sector-in-cameroon-now-has-new-refinery

Palm oil processing sector in Cameroon now has new refinery

Raffinerie Pacific is the new palm oil refinery recently opened in Cameroon with an initial capital of 100 million FCFA. This company will be working in the processing and sale of palm oil as well as the manufacturing of other bi-products such as margarine, candles, hand/body lotion and soap. With the...
20/06/2015 Finance ecobank-cameroon-joins-mastercard-network

Ecobank Cameroon joins MasterCard network

Clients of the Cameroonian subsidiary of the pan-African banking group, Ecobank, will soon enjoy the services of Mastercard, the electronic payment giant, after the signing of an agreement between the credit card company and Ecobank group on June 15, 2015. The agreement between the two partners provides for the issuance...
05/06/2015 Public management over-6500-cameroonian-students-sign-up-for-voluntary-insurance-with-caisse-nationale-de-prévoyance-sociale

Over 6,500 Cameroonian students sign-up for voluntary insurance with Caisse nationale de prévoyance sociale

At the 18th Cameroon University Games (Jeux universitaires du Cameroun in French), held all of last week on the Université de Yaoundé I, over 6,500 students of State universities and other private institutions of higher learning signed-up for voluntary insurance proposed by Caisse nationale de prévoyance sociale (CNPS), the...

Business in Cameroon Newsfeed

02/07/2015, 17:23 - Energy
Based in Victoria in the Seychelles, the Orion Oil and Gas has...
02/07/2015, 17:19 - Energy
In order to get out of the energy deficit, which contributes to...
02/07/2015, 06:20 - Finance
On June 26, 2015, Tahir Hamid Nguilin, the Deputy Governor of the...
29/06/2015, 01:58 - Companies
Hammers, perforators, rotary hammers, saws, and screwers, all made by the world...
29/06/2015, 01:48 - Companies
The Cameroonian government has just handed the contract to replace the roofs...
26/06/2015, 02:56 - Agriculture
The new facility will be called the Farmer Development Centre. It was...
26/06/2015, 02:51 - Finance
Afriland First Bank Managing Director, Alphonse Nafack, and China Development Bank Board...
25/06/2015, 02:48 - Public management
Invited to China from June 17-21, 2015 by his Chinese counterpart, Li...
25/06/2015, 02:46 - Agriculture
A month from the close of the 2014-2015 cocoa season in Cameroon...
23/06/2015, 19:49 - Energy
Domestic gas consumption in Cameroon grew by 14% in 2014, according to...
23/06/2015, 19:47 - Companies
The Cameroonian Minister of Public Contracts, Abba Sadou, has just published a...
22/06/2015, 19:29 - Mining
Officially presented on June 17, 2015 in Yaoundé, the last report by...
22/06/2015, 19:24 - Companies
Raffinerie Pacific is the new palm oil refinery recently opened in Cameroon...
20/06/2015, 02:55 - Energy
An independent energy producer and based in the United States, Flatbush Solar...
20/06/2015, 02:51 - Finance
Clients of the Cameroonian subsidiary of the pan-African banking group, Ecobank, will...
20/06/2015, 02:47 - Finance
On June 16, 2015, the Cameroonian government and managing directors of Ecobank,...
20/06/2015, 02:41 - Companies
The world leader in dairy products has just propelled Cameroonian Ferdinand Mouko...
18/06/2015, 18:06 - Telecom
After the SAT3, the second submarine fibre-optic cable connected to Cameroon, the...
18/06/2015, 18:03 - Public management
Since June 15, 2015, circulation on the Ngueli bridge, which acts as...
18/06/2015, 17:58 - Agriculture
With an initial capital of 50 million FCFA and led by Elsahely...
17/06/2015, 22:08 - Companies
On June 11, 2015, India based Azad Coach, China’s Gac Gonow and,...
17/06/2015, 22:05 - Companies
The American Import-Export Bank (Eximbank USA) will be financing the construction of...
17/06/2015, 22:02 - Agriculture
The support programme for young farmers (PAIJA) has just provided 50 young...
17/06/2015, 21:59 - Energy
Regulations governing the creation of an agency for the promotion of renewable...
17/06/2015, 21:55 - Public management
Located in the Extreme-North region of Cameroon, Mokolo, Yagoua, Kousseri and Mora...
17/06/2015, 21:51 - Public management
On June 8 in Rome, Italy, Cameroonian Minister of Agriculture, Essimi Menyé,...
16/06/2015, 03:16 - Energy
Located in the suburbs of the Cameroonian capital, the Ahala thermal plant...
16/06/2015, 03:12 - Energy
A team of senior executives from German company psg Solar, led by...
16/06/2015, 03:09 - Companies
Via its Public Contracts Ministry, the Cameroonian government has just handed the...
13/06/2015, 02:01 - Agriculture
Fishing proved to be the most lucrative source of revenue for residents...
13/06/2015, 01:58 - Companies
General Electric and Environmental and Chemical Corporation (ECC), to launch a new...
13/06/2015, 01:55 - Energy
The current rise in oil production in Cameroon should be short-lived. Indeed,...
13/06/2015, 01:49 - Companies
The administrative and financial head of Canal+ Cameroon since 2014, Mireille Kabamba,...
13/06/2015, 01:46 - Social
At the end of March 2015, consumer product prices rose by 2.8%...
10/06/2015, 07:43 - Agriculture
The agro-foods company, Simco, plans to invest a total of one billion...
10/06/2015, 07:40 - Energy
Aluminium du Cameroun (Alucam), which consumes over 40% of the electricity produced...
10/06/2015, 07:37 - Energy
In late April, Cameroon produced 4.5486 billion cubic feet of gas. This...
10/06/2015, 03:04 - Companies
Camwood Corporation has just indicated its eligibility to benefit from incentive legislation...
10/06/2015, 02:59 - Public management
Cameroon’s Economy Minister, Emmanuel Nganou Djoumessi, is expected to soon sign a...
10/06/2015, 02:55 - Companies
Listed on the Paris stock exchange, Société anonyme des Brasseries du Cameroun...
23/06/2015 Energy in-cameroun-the-domestic-gas-subsidy-cost-28-billion-fcfa-in-2014

In Cameroun, the domestic gas subsidy cost 28 billion FCFA in 2014

Domestic gas consumption in Cameroon grew by 14% in 2014, according to figures just released by the Hydrocarbon Fuel Price Stabilisation Fund (CSPH in French). The regulatory body highlights that the increase in national consumption which led to “28.3 billion FCFA in financial support”. The CSPH notes that the sum...
20/06/2015 Companies cameroonian-ferdinand-mouko-lands-post-of-danone-country-manager-for-côte-d’ivoire

Cameroonian Ferdinand Mouko lands post of Danone Country Manager for Côte d’Ivoire

The world leader in dairy products has just propelled Cameroonian Ferdinand Mouko to the post of Country Manager for Cote d’Ivoire. A graduate of the Ecole supérieure des sciences économiques et commerciales (Essec) in Douala, Mr. Mouko will be directing Danone’s largest subsidiary in Sub-Saharan Africa. Before this appointment, Ferdinand...
20/06/2015 Energy flatbush-solar-wins-central-solar-plant-construction-project-in-cameroon

Flatbush Solar wins central solar plant construction project in Cameroon

An independent energy producer and based in the United States, Flatbush Solar has just been selected as the winner of a renewable energy competition held by Access Infra Africa. Flatbush Solar won thanks to its presentation of a construction project of a 20 MW photovoltaic solar plant in Cameroon. The...
10/06/2015 Agriculture new-agro-industrial-company-simco-eyes-cameroonian-dairy-market

New agro-industrial company, Simco, eyes Cameroonian dairy market

The agro-foods company, Simco, plans to invest a total of one billion FCFA in the construction of a dairy product manufacturing plant in Cameroon. According to its promoters, this investment will create one hundred direct jobs. On June 3, 2015 in Yaoundé, the signing ceremony for the convention between the...
01/06/2015 Energy sopropec-the-newcomer-to-cameroon’s-oil-product-distribution

Sopropec, the newcomer to Cameroon’s oil product distribution

The oil product distribution sector in Cameroon has just welcomed a new operator: Société des produits pétroliers du Cameroun (Sopropec), which was just launched with an initial capital of 500 million FCFA. Sopropec enters an increasingly competitive market where national operators, apart from Tradex, Société nationale des hydrocarbures’s (SNH) subsidiary,...
28/05/2015 Companies crédit-foncier-du-cameroun-launches-trade-offensive-against-canada

Crédit foncier du Cameroun launches trade offensive against Canada

Crédit foncier du Cameroun (CFC) has just granted the Foyo group in Canada the status of representation office in order to attract the Cameroonian diaspora community in Canada to use the public housing bank. Led by the company’s Managing Director, Jean Paul Missi, a CFC delegation held a conference on...
25/05/2015 Business climate michael-stephan-hoza-“it-is-easier-to-do-business-in-cameroon-than-some-places-in-america”

Michael Stephan Hoza: “It is easier to do business in Cameroon than some places in America”

The US Ambassador to Cameroon recognizes that there is a huge opportunity in Cameroon Economy and affirms that now is the time for Cameroon to take-off economically.   Business in Cameroon: Recently, in an interview with CRTV, you said that, at the request of the Cameroonian army, US military personnel would be...
24/05/2015 Finance acha-leke-an-indomitable-financial-lion-with-the-mckensey-firm

Acha Leke: An indomitable financial lion with the McKensey firm

Do you know Lions on the Move? It’s a famous report by the McKensey firm published in 2010. The report analyses the most dynamic economies in Africa. Among the writers of this report is the Cameroonian Acha Leke, a native of Fontem, in the North-West region.   A new arrival at McKensey’s...
23/05/2015 Governance paul-biya-promises-that-he-and-cameroon-will-support-the-new-secretary-general-of-francophonie

Paul Biya promises that he and Cameroon will support the new Secretary General of Francophonie

From April 13 to 16, 2015, Canadian native, Michaëlle Jean, Secretary General of Francophonie, devoted her second official visit to Africa to Cameroon since her appointment to her new post which impacts French-speaking countries.   Secretary General of Francophonie, Michaëlle Jean, who completed her four-day official visit to Cameroon on April 16,...
21/05/2015 Companies cameroon-railways-cops-institut-rse-afrique’s-“rse-rh-marikana-2015”-award

Cameroon Railways cops Institut RSE Afrique’s “RSE-RH Marikana 2015” award

Institut RSE Afrique, which works for the approval and use of CSR (Corporate Social Responsibility or RSE in French) practices in African businesses has just attributed the RSE-RH Marikana 2015 award to Cameroon Railways (Camrail). According to the national railway company, “this award honours the human resources policy engagement of...
18/05/2015 Agriculture louis-dreyfus-to-supply-2905-million-de-fcfa-worth-of-fertiliser-and-herbicide-to-the-cameroon-development-corporation

Louis Dreyfus to supply 290.5 million de FCFA worth of fertiliser and herbicide to the Cameroon Development Corporation

The Cameroonian subsidiary of the multinational Louis Dreyfus Commodities, is the announced recipient of six contracts to supply fertiliser, herbicides and insecticides to the Cameroon Development Corporation (CDC), an agro-industrial company that produces palm oil, bananas and rubber in South-West Cameroon. The contracts with a delivery deadline of 45 days,...
09/05/2015 Companies camerounaise-des-eaux-has-made-3004-low-rate-connection-in-douala-since-the-start-of-the-year

Camerounaise des eaux has made 3004 low rate connection in Douala since the start of the year

According to Camerounaise des eaux (CDE), a Moroccan company that has the country’s drinking water contract, since the start of 2015, some 3004 low rate connections of been made in Douala. Since September 2014, thanks to an agreement signed with Camwater, the CDE has launched a major campaign to install...
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