• Société camerounaise des dépôts pétroliers to increase its storage capacity by 13,000 m3

  • Germany announces 10.4 billion FCFA to strengthen the Cameroonian health system

  • E-commerce penetration in Cameroon at barely 2%

  • Cameroon: Pamol to open a 30 TM per hour palm oil plant

  • NGOs boost hospitality sector in Cameroon’s East region

NEWS

orange-cameroon-provides-mobile-finance-training-to-economic-journalists

Orange Cameroon provides mobile finance training to economic journalists

On 15th and 16th April, 2015, some forty Cameroonian journalists met under the auspices of the Cameroon Economic Press Association (Press Eco) to be trained by the local subsidiary of the Orange telecom group on...Lire la suite | 23/04/2015
cameroonian-engineer-arthur-zang-poised-to-claim-2015’s-prize-for-innovation-in-africa

Cameroonian engineer Arthur Zang poised to claim 2015’s Prize for Innovation in Africa

Africa’s inventor of the continent’s first medical tablet, the Cardiopad, Arthur Zang, could win a portion of the 93 million FCFA (150,000 USD) of 2015’s Prize for Innovation in Africa (PIA) held by the African...Lire la suite | 19/04/2015
cameroon’s-gold-reserve-values-on-beac-rose-by-23-billion-fcfa-in-2014

Cameroon’s gold reserve values on BEAC rose by 2.3 billion FCFA in 2014

According to the auditors’ report on the Central African States Bank (BEAC), Cameroon’s gold reserves were estimated to be a little over 29,954 ounces in December 31, 2014. These reserves had a monetary value of...Lire la suite | 17/04/2015
cameroon-turns-national-civil-engineering-equipment-depot-into-a-public-construction-company

Cameroon turns National Civil Engineering Equipment Depot into a public construction company

Construction sector companies in Cameroon have a new competitor in their midst: the National Civil Engineering Equipment Depot (Matgénie in French), a public company previously exclusively devoted to the acquisition, rental and maintenance of civil...Lire la suite | 15/04/2015
fda-lowers-mobile-penetration-rate-in-cameroon-to-36-against-71-for-telecom-regulators

FDA lowers mobile penetration rate in Cameroon to 36%, against 71% for telecom regulators

The last Savoirs communs, published by the French Development Agency (FDA) in partnership with the University Agency for French-speaking Culture and Unesco, reveals that Cameroon’s mobile phone penetration rate in 2014 was 36%, far behind...Lire la suite | 15/04/2015
22/04/2015 Public management in-late-2014-china-had-an-investment-portfolio-of-1850-trillion-fcfa-in-cameroon

In late 2014, China had an investment portfolio of 1.850 trillion FCFA in Cameroon

According to Wei Wenhua, the brand new Chinese Ambassador to Cameroon in late 2014, China gave its financial support to 21 major projects in Cameroon for a total amount of around 3 billion dollars (around 1.850 trillion FCFA). Indeed, the major infrastructural projects underway or recently completed in Cameroon, in...
22/04/2015 Agriculture cameroon-targets-100-hectares-of-cocoa-farm-land-with-wcf-support

Cameroon targets 100 hectares of cocoa farm land with WCF support

The World Cocoa Foundation (WCF), an international NGO financed by American billionaire, Bill Gates, has provided the Cameroonian government with the financing necessary to create 15 hectares of cocoa crop. This was revealed by Hope Sona Ebaï, a WCF official. The 15 hectares being financed by the WCF complement the...
11/04/2015 Finance douala-stock-exchange-may-share-facilities-with-future-cameroon-commodities-exchange

Douala Stock Exchange may share facilities with future Cameroon Commodities Exchange

The Cameroon Commodities Exchange (CCX) scheduled to be launched by the government is slated to be opened in Douala, the country’s economic capital. Reliable sources have revealed that this was the suggestion made by the Eleni firm to the Cameroonian government which it has been assisting on the project. According...
09/04/2015 Telecom 3g-has-not-ended-cameroonian-subscribers’-woes

3G has not ended Cameroonian subscribers’ woes

“I haven’t run out of credit. It was the 3G network.” The person who made this statement had his phone to his ear. He had just redialled after a dropped call. The caller on the other end apparently believed he had finished his credit. Mobile telephone users in Cameroon are...
02/04/2015 Companies arno-group-lands-deal-worth-over-one-billion-fcfa-for-crédit-foncier-du-cameroun

Arno group lands deal worth over one billion FCFA for Crédit foncier du Cameroun

The major distribution group Arno, which also sells electrical, electronic and household appliances, has just announced that it has been awarded the contract “to improve the anti-fire, ventilation, air-conditioning and smoke extraction systems of the Crédit foncier du Cameroun (CFC) headquarters.” Awarded by the housing bank, the release published by the...

Business in Cameroon Newsfeed

26/04/2015, 03:54 - Energy
At its facilities in Douala, Cameroon’s economic capital, Société camerounaise des dépôts...
26/04/2015, 03:51 - Public management
Chancellor Angela Merkel’s representative to Africa, Günter Nooke, announced that the Federal...
26/04/2015, 03:48 - Telecom
Barely 2% of Cameroonians make purchases online. This was revealed at the...
26/04/2015, 03:45 - Energy
Shareholders of the Pamol agro-industrial company have been invited to an extraordinary...
23/04/2015, 06:25 - Telecom
On 15th and 16th April, 2015, some forty Cameroonian journalists met under...
23/04/2015, 06:21 - Tourism
In light of the insecurity that was present a few months ago...
22/04/2015, 03:12 - Public management
According to Wei Wenhua, the brand new Chinese Ambassador to Cameroon in...
22/04/2015, 03:10 - Finance
The Cameroonian subsidiary of the pan-African group Ecobank has been approached by...
22/04/2015, 03:08 - Agriculture
The World Cocoa Foundation (WCF), an international NGO financed by American billionaire,...
22/04/2015, 03:02 - Public management
Thanks to financing provided by the German organisation KfW and the Special...
19/04/2015, 18:44 - Transport
Despite last week’s delivery of two new planes to the Chinese company,...
19/04/2015, 18:43 - Telecom
Africa’s inventor of the continent’s first medical tablet, the Cardiopad, Arthur Zang,...
19/04/2015, 18:41 - Agriculture
The Netherlands Development Organisation (SNV) has just provided the 700 members of...
19/04/2015, 18:38 - Finance
The Cameroonian subsidiary of the Nigeria-based United Bank of Africa (UBA) copped...
17/04/2015, 07:20 - Energy
In a report published at the end of the March 2015, citing...
17/04/2015, 07:16 - Mining
With its factory built on the banks of the Wouri River in...
17/04/2015, 07:13 - Business
According to Jeune Afrique, Marck President, Philippe Belin, recently signed a contract...
17/04/2015, 07:11 - Public management
According to the auditors’ report on the Central African States Bank (BEAC),...
17/04/2015, 07:06 - Agriculture
On April 10, 2015, a World Cocoa Foundation (WCF) delegation visited Log-Nkoll...
17/04/2015, 06:59 - Energy
Out of the 37.7 billion FCFA that the Cameroonian electricity production and...
15/04/2015, 08:41 - Energy
The Cameroonian and Korean governments are currently considering the implementation of a...
15/04/2015, 08:37 - Public management
Construction sector companies in Cameroon have a new competitor in their midst:...
15/04/2015, 08:34 - Finance
According to a general audit report on the financials of the Central...
15/04/2015, 08:29 - Business
Cameroonian company Fafinsa, which has been involved in the cotton industry for...
15/04/2015, 08:24 - Telecom
The last Savoirs communs, published by the French Development Agency (FDA) in...
15/04/2015, 08:20 - Business
Referred to as the “French leader in dredging, water and subaquatic...
15/04/2015, 08:09 - Telecom
The Chinese manufacturer of telecom equipment, ZTE, has just signed a partnership...
15/04/2015, 06:35 - Finance
Managing Director of Crédit du Sahel, Daniel Kalbansou, made sure to specify...
11/04/2015, 02:28 - Agriculture
According to the Cameroonian Association of Oil Refineries (ASCROC in French), soap...
11/04/2015, 02:26 - Companies
At the end of March, production commenced at Dangote’s cement factory in...
11/04/2015, 02:22 - Finance
The Cameroon Commodities Exchange (CCX) scheduled to be launched by the government...
11/04/2015, 02:19 - Transport
In 2015 and 2016, Air Algérie will be servicing 10 new destinations...
11/04/2015, 02:17 - Agriculture
On April 2, 2015 in Edea, ninety-five Cameroonian members of parliament headed...
09/04/2015, 03:15 - Finance
In the 2nd quarter of 2015, Cameroon’s Treasury Department is planning public...
09/04/2015, 03:12 - Telecom
“I haven’t run out of credit. It was the 3G network.” The...
09/04/2015, 03:10 - Transport
The fleet of Cameroon Airlines Corporation (Camair Co), the national airline, has...
09/04/2015, 03:06 - Public management
On March 31, 2015 at a dinner debate on “Swiss-Cameroon Commercial Balance:...
08/04/2015, 03:10 - Agriculture
Within the framework of the project to launch the Cameroon Commodities Exchange...
08/04/2015, 03:08 - Agriculture
In numerous Cameroonian cities, table egg consumers will be able to save...
08/04/2015, 03:04 - Industry
The World Bank and German cooperation in Cameroon have just released the...
22/04/2015 Finance ecobank-cameroon-to-raise-30-billion-fcfa-to-finance-camair-co-recovery

Ecobank Cameroon to raise 30 billion FCFA to finance Camair Co recovery

The Cameroonian subsidiary of the pan-African group Ecobank has been approached by the Cameroon Airlines Corporation (Camair Co) to raise 30 billion FCFA in financing to implement recovery programme for the airline. This was revealed by Camair Co Managing Director, Jean Paul Nana Sandjo, in an interview with the Cameroonian...
22/04/2015 Public management feicom-and-kfw-pump-8-billion-fcfa-in-town-development

Feicom and KfW pump 8 billion FCfa in town development

Thanks to financing provided by the German organisation KfW and the Special Support Fund for Municipal Assistance (Feicom), the Cameroon Municipal Bank has announced that 8 billion FCFA will be made available to twelve of the sixteen municipalities that have applied to participate in the “Feicom medium-sized town decentralisation programme”....
11/04/2015 Agriculture cameroonian-parliamentarians-on-the-ground-to-promote-farming-among-youth

Cameroonian parliamentarians on the ground to promote farming among youth

On April 2, 2015 in Edea, ninety-five Cameroonian members of parliament headed by House Speaker, Cavaye Yéguié Djibril, attended the launch of the second “caravan to promote farming”. On the initiative of the “Youth Hope” parliamentary network coordinated by Nkam Gaston Nkomba, youth from the Coastal region’s departments who met...
08/04/2015 Agriculture insecurity-in-extreme-north-and-at-the-border-with-the-central-african-republic-creates-an-increase-in-egg-supply-to-cameroon

Insecurity in Extreme-North and at the border with the Central African Republic creates an increase in egg supply to Cameroon

In numerous Cameroonian cities, table egg consumers will be able to save 200 to 400 FCFA per tray for several weeks now due to the decline in the cost of eggs. This downturn in egg prices is even more significant in the West region, the main production basin which provides...
02/04/2015 Telecom orange-cameroon-triples-capital-by-increasing-nominal-value-of-shares

Orange Cameroon triples capital by increasing nominal value of shares

The mobile phone service provider, Orange Cameroon recently increased its share capital, raising it from 15 billion FCFA to 46.8 billion FCFA, which is a 300% increase according to the legal notice. The increase was done partly by incorporating the revaluation differential and a part came from “free reserves”. However, the...
02/04/2015 Finance cameroon-government-selects-12-banks-and-three-insurance-companies-for-public-contracts

Cameroon: government selects 12 banks and three insurance companies for public contracts

The Cameroonian government has just published a list of the banking establishments and financial organisations “authorised to provide guarantees and sureties for public contracts.” There are twelve banks and three insurance companies. Among the 20 insurance companies operating in Cameroon, Zenithe, Chanas and Activa were chosen by the government to provide...
02/04/2015 Agriculture cameroon-3-billion-fcfa-to-build-packaging-and-storage-complexes-for-staple-foods

Cameroon: 3 billion FCFA to build packaging and storage complexes for staple foods

The Cameroonian government has just launched two calls for tenders to build packaging and storage complexes for staple foods in some farming areas. One concerns the monitoring and technical supervision of the construction (300 million FCFA, of which 76 million FCFA will be used for each unit) while the other...
02/04/2015 Energy cameroon-the-electricity-sector-regulator-wants-to-audit-operators’-cost

Cameroon: the electricity sector regulator wants to audit operators’ cost

Cameroon’s Electricity Sector Regulation Agency (ARSEL) has just launched a call for expressions of interest to recruit experts to participate in a restricted bid to “audit the costs of some electricity sector companies”. These audits concern construction work on the Kribi gas plant and the charges determined by the KPDC...
31/03/2015 Public management cameroon-seeking-to-join-oecd-convention-on-mutual-administrative-assistance-in-tax-matters

Cameroon seeking to join OECD convention on mutual administrative assistance in tax matters

Since March 25, 2015, the Cameroonian parliament has been examining a bill authorising the Head of State, Paul Biya, to proceed with Cameroon joining the Organisation for Economic Cooperation and Development (OECD) on mutual administrative assistance in tax matters. Defending the bill before the Finance Commission of Parliament, Finance Minister...
29/03/2015 Agriculture cameroon-hosts-3rd-international-agro-food-fair-from-21st-27th-april-2015-in-yaoundé

Cameroon hosts 3rd International Agro-Food Fair from 21st-27th April 2015 in Yaoundé

The city hall of the Cameroonian capital, Yaoundé, will host the 3rd International Agro-Food Fair from April 21-27, 2015. The event is being held under the auspices of the Ministry of Industry. Cameroon’s grand agro-food event will include an exhibit fair, conferences, B-to-B meetings, a packaging and standards workshop and...
29/03/2015 Construction cameroon-over-800-million-fcfa-in-contracts-up-for-grabs-in-road-maintenance

Cameroon: over 800 million FCFA in contracts up for grabs in road maintenance

The Cameroonian Minister of Public Works, Patrice Amba Salla, has just launched a nationwide call for tenders to recruit local construction companies to conduct immediate and periodic maintenance on some rural roads in Cameroon. In total, 124 km of rural roads located in the Adamaoua, Coastal, West and South-West regions will...
24/03/2015 Telecom orange-launches-15-fcfa-per-minute-call-tackling-mtn’s-25-fcfa-rate

Orange launches 15 FCFA per minute call, tackling MTN’s 25 FCFA rate

On January 30, 2015, mobile phone company Orange made its first manoeuvre against its main competitor in lowering calling rates in Cameroon. While it is true that both telecom companies have been reducing their per-minute rates, it should be noted that this reduction does not involve the whole minute. With...
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