• Former Cameroonian football giant, Geremi Njitap, makes header for real estate

  • Trade between Cameroon and Turkey reaches 86.5 billion FCFA

  • IDB finances 16.9 billion FCFA electrification project in rural Cameroon

  • Encouraging investment: 13 companies wager 180 billion FCFA on Cameroon

  • Close to 150 employment and job placement companies in breach of Cameroonian law

News

camtel-goes-solar

Camtel goes solar

Cameroonian Telecommunications (Camtel), Cameroon’s public telecom company, is set to shell out 987 million FCFA for solar panels to supply its 31 sites across the country. Managing Director of Camtel, David Nkotto Emane, indicated that...Lire la suite | 22/09/2014
the-cameroonian-government-hands-over-wacs-submarine-cable-to-camtel

The Cameroonian government hands over WACS submarine cable to Camtel

The public telecommunications company, Camtel, has officially acquired the land entry point for the WACS fibre-optic cable built by MTN and later given to the State of Cameroon. This took place at a September 4,...Lire la suite | 18/09/2014
equatorial-guinea-suspends-national-airline’s-flights-to-cameroon

Equatorial Guinea suspends national airline’s flights to Cameroon

In an August 30, 2014 release, the Managing Director of the Equatoguinean airline, Ceiba International, Siméon Esono Alogo Nchama, announced the suspension of Malabo-Douala-Malabo and Bata-Douala-Bata flights “until further notice”. According to Equatoguinean authorities, this...Lire la suite | 17/09/2014
sonara-shouldn’t-worry-the-cameroonian-banking-community-according-to-beac-governor

Sonara shouldn’t worry the Cameroonian banking community, according to BEAC governor

BEAC governor, Lucas Abaga Nchama, has suggested that “the Cameroonian banking sector’s situation” up to July “was satisfactory overall. Most banks have been maintaining the reserve ratio. Sonara shouldn’t worry the Cameroonian banking sector.” The governor...Lire la suite | 17/09/2014
cameroun-seeks-another-10-billion-fcfa-on-beac

Cameroun seeks another 10 billion FCfa on BEAC

On September 3, 2014, Cameroonian Treasury Department will issue Treasury bills amounting to 10 billion FCFA on the Central African States Bank securities market (BEAC). This was announced in a press release by Delegate Minister...Lire la suite | 14/09/2014
22/09/2014 Finance moroccan-wafa-insurance-creates-cameroonian-subsidiary

Moroccan Wafa insurance creates Cameroonian subsidiary

The Wafa insurance company out of Morocco, a branch of the Attijariwafa banking group, with one billion FCFA of social capital, called Wafa assurance Vie Cameroun. This was announced by the Cameroonian government daily paper on September 9, 2014. This Moroccan insurance company is now the 22nd insurance company in...
22/09/2014 Companies 20-turkish-businessmen-prospect-for-new-opportunities-in-cameroon

20 Turkish businessmen prospect for new opportunities in Cameroon

At least 200 Cameroonian businessmen from the manufacturing, cable distribution, electronic equipment, appliances and electronics are expected on September 9, 2014 in Douala for the B to B meeting in which 20 Turkish businessmen will take part in seeking business opportunities in Cameroon. The business meeting is being held following...
10/09/2014 Telecom according-to-karl-toriola-mtn-cameroon’s-daily-activities-“employ-200000-youth”

According to Karl Toriola, MTN Cameroon’s daily activities “employ 200,000 youth”

MTN Cameroon’s Managing Director, Karl Toriola (photo), announced at a press luncheon on August 21, 2014 in Douala that the daily activities of his company, the national mobile phone leader, “employ 200,000 youth” and “its impact confirms each day that MTN is an essential player in the national economy, supporting...
29/08/2014 Telecom 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 is apparent in its human resource management. With the arrival of the new provider (Vietnamese provider,...
26/08/2014 Communication 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 Kribi, in the South, in oil price regulatory mechanisms in that country. The training session...

Business in Cameroon Newsfeed

22/09/2014, 04:06 - Telecom
Cameroonian Telecommunications (Camtel), Cameroon’s public telecom company, is set to shell out...
22/09/2014, 04:03 - Companies
The real estate civil society organisation, GNF, owned by former Cameroonian football...
22/09/2014, 03:59 - Public management
Estimated to be 75 billion FCFA in 2013, trade between Cameroon and...
22/09/2014, 03:56 - Energy
On September 9, Cameroonian Head of State, Paul Biya, released a decree...
22/09/2014, 03:54 - Public management
On September 9, 2014, Cameroon Minister of Mining, Industry and Technological Developmen,...
22/09/2014, 03:49 - Companies
The Cameroonian Minister of Employment and Professional Training, Zacharie Pérevet, has just...
22/09/2014, 03:45 - Finance
The Wafa insurance company out of Morocco, a branch of the Attijariwafa...
22/09/2014, 03:41 - Agriculture
Some of the 3,000 employees of Société des plantations de Mbanga (SPM),...
22/09/2014, 03:35 - Companies
At least 200 Cameroonian businessmen from the manufacturing, cable distribution, electronic equipment,...
22/09/2014, 03:33 - Agriculture
With its 20,000 producers, UTZ and Rainforest certified as of the 2011-2012...
18/09/2014, 23:28 - Industry
On August 25, 2014, Cameroonian industry mogul, Samuel Foyou, submitted documents to...
18/09/2014, 23:26 - Agriculture
According to the Inter-professional Cocoa and Coffee Council (CICC), Cameroonian cocoa remains...
18/09/2014, 23:23 - Telecom
The public telecommunications company, Camtel, has officially acquired the land entry point...
18/09/2014, 23:20 - Finance
Société commerciale de banque (SCB Cameroun) is currently arranging a 150 billion...
17/09/2014, 21:58 - Energy
In 2015, domestic gas distributors who continue to disregard standards governing their...
17/09/2014, 21:56 - Finance
Public institutions in charge of the financial affairs of the six CEMAC...
17/09/2014, 21:52 - Transports
In an August 30, 2014 release, the Managing Director of the Equatoguinean...
17/09/2014, 21:50 - Finance
BEAC governor, Lucas Abaga Nchama, has suggested that “the Cameroonian banking sector’s...
16/09/2014, 06:10 - Public management
The Monitoring Committee for the 9th EMA Invest Forum held on October...
16/09/2014, 06:09 - Agriculture
Over the 2013-2014 season, Cameroon’s cocoa exports fell to 174,629 tonnes according...
16/09/2014, 06:07 - Agriculture
Ahead of the 2014-2015 cocoa season, which was officially launched on September...
14/09/2014, 19:00 - Finance
On September 3, 2014, Cameroonian Treasury Department will issue Treasury bills amounting...
14/09/2014, 18:54 - Mining
The first heads of the Chinese mining association were formally introduced on...
14/09/2014, 18:49 - Agriculture
At the close of the 2013-2014 cocoa season, which officially ended on...
14/09/2014, 18:44 - Industry
In a report presented at its general assembly held in Douala on...
14/09/2014, 18:38 - Companies
Former (which will soon change names) Managing Director of AES Sonel, Cameroon’s...
11/09/2014, 03:00 - Public management
According to the Indian High Commissioner, A R Ghanashyam (photo, in suit),...
10/09/2014, 22:25 - Energy
According to the Hydrocarbon Fuel Price Stabilisation Fund (CSPH), in the last...
10/09/2014, 22:20 - Telecom
MTN Cameroon’s Managing Director, Karl Toriola (photo), announced at a press luncheon...
10/09/2014, 22:08 - Energy
The natural gas and oil exploration group, Bowleven Plc has extended to...
09/09/2014, 18:49 - Transports
From August 27, 2014 to December 20, 2014, Cameroonian Customs will be...
09/09/2014, 18:40 - Telecom
The Vietnamese telecommunications company, Viettel, currently the third licenced mobile company to...
09/09/2014, 18:30 - Public management
It’s finally happened! After years of complaints, notaries, lawyers and other liberal...
09/09/2014, 18:22 - Public management
On August 18, 2014, in order to defend itself from the Ebola...
09/09/2014, 18:12 - Telecom
The Cameroonian subsidiary of the South African mobile phone provider recently signed...
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...
22/09/2014 Agriculture cameroon-société-des-plantations-de-mbanga-on-the-verge-of-bankruptcy

Cameroon: Société des plantations de Mbanga on the verge of bankruptcy

Some of the 3,000 employees of Société des plantations de Mbanga (SPM), an agro-industrial factory which produces the banana dessert in the Moungo department, Littoral region, protested on September 4, 2014 before the offices of the Directorate General of the company in Douala, the capital of Cameroon. The workers are...
22/09/2014 Agriculture cameroon-produced-5446-tonnes-of-certified-cocoa-last-season

Cameroon produced 5,446 tonnes of certified cocoa last season

With its 20,000 producers, UTZ and Rainforest certified as of the 2011-2012 season, Cameroon produced 5,446 tonnes of certified cocoa in 2013-2014. This production more than doubled the previous season’s which was only 2,000 tonnes according to figures provided by the Inter-professional Cocoa and Coffee Council (CICC). The main exporter...
09/09/2014 Transports five-months-of-auctions-to-free-up-the-port-of-douala

Five months of auctions to free-up the port of Douala

From August 27, 2014 to December 20, 2014, Cameroonian Customs will be carrying out a vast auction of products abandoned by importers at the port of Douala and which have been cluttering the port, thus contributing to its congestion for several months. Indeed, in addition to a cement shipment imported...
29/08/2014 Energy 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 the consumption of this energy source in that region with a cylinder filling capacity of...
25/08/2014 Agriculture 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 of rubber on the international market. This was revealed by the Minister of Agriculture, Essimi...
20/08/2014 Companies 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 2 market in Africa, right behind Nigeria, which is the continent’s economic leader with a...
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 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...
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 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...
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...
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...
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