• Cameroun is the 25th tourism destination in Africa and 155th in the world

  • 17% decline in Cameroon cocoa grinding at 2014-2015 season midpoint

  • Cameroon: Yves Michel Fotso stands accused of costing Ex-Camair 18 billion FCFA

  • Cameroon pays out 30 billion FCfa to 31 companies and organisations

  • Afriland First Bank seeks to raise 3 billion FCFA in 2015 at its Islamic bank

NEWS

cameroon’s-microfinance-sector-in-turmoil

Cameroon’s microfinance sector in turmoil

After microfinance establishments opening without approval, a hundred of which the Minister of Finance ordered closed last year, now there are licenced microfinance companies that are engaging in activity unrelated to “the category” for which...Lire la suite | 03/03/2015
domestic-gas-consumption-in-cameroon-increased-by-14-in-the-2013-2014-period

Domestic gas consumption in Cameroon increased by 14% in the 2013-2014 period

Domestic gas consumption in Cameroon rose from 60,000 to 90,000 metric tonnes from 2013 to 2014 according to Malloum Bra, depot chief with Société camerounaise des dépôts pétroliers (SCDP), the country’s main oil product storage...Lire la suite | 24/02/2015
in-2014-royal-air-maroc-flew-40000-passengers-on-the-cameroonian-market

In 2014, Royal Air Maroc flew 40,000 passengers on the Cameroonian market

Throughout 2014, Royal Air Maroc flew 40,000 passengers on the Cameroonian market. This was indicated by Imad Ghanmi. The airline’s Africa Director made these remarks during the “Moroccan week” event held from February 10-14 in...Lire la suite | 18/02/2015
cameroun-vie-insurance-union-returns-to-sunu-insurance-brand

Cameroun-Vie insurance union returns to Sunu insurance brand

Sunu Cameroun-Vie is the new name of the insurance company previously known as Union des assurances du Cameroun-Vie (Uacam-Vie). This was recently announced in many local press publications. The name-change has nothing to do with...Lire la suite | 18/02/2015
cameroon-business-creation-centres-produced-33000-smes-between-2010-and-2014

Cameroon: Business Creation Centres produced 33,000 SMEs between 2010 and 2014

Before 2010, starting a business in Cameroon was like the way of the cross and the business environment rating instruments, like Doing Business, always ranked Cameroon at the bottom of their lists. With the 2010...Lire la suite | 17/02/2015
24/02/2015 Mining cameroon-canyon-resources-signs-mou-with-bolloré-and-camrail-for-birsok-bauxite

Cameroon: Canyon Resources signs MOU with Bolloré and Camrail for Birsok bauxite

Fledgling Australian mining company, Canyon Resources Ltd, has signed a memorandum of understanding with Bolloré Africa Logistics Cameroun SA and Camrail SA for a complete logistical assessment of the Douala port and railway network prior to starting production at the Birsok bauxite deposit in Cameroon. Camrail and the Bolloré group,...
24/02/2015 Companies cameroonian-companies-biopharma-and-himore-medical-in-high-demand-in-morocco

Cameroonian companies Biopharma and Himore Medical in high demand in Morocco

The dominant force on the local cosmetics market in Cameroon for a few years now, Biopharma has been named the “2nd best African company” behind Gabon’s energy company and ahead of the Cote d’Ivoire company, SN Sotici. This was revealed at the Africa Development Forum that just came to a...
16/02/2015 Agriculture tunisia-based-medoil-company’s-“jadida”-soy-oil-sparks-controversy-in-cameroon

Tunisia-based Medoil Company’s “Jadida” soy oil sparks controversy in Cameroon

The physical and chemical ingredients of the Jadida brand of soy oil manufactured by the Tunisia-based Medoil Company and imported into Cameroon by COPPEQ Sarl, are not in conformity with applicable standards in Cameroon which have been in effect since 2011. This is the claim made by the Cameroon Oil...
11/02/2015 Public management deutsche-bank-and-caixabank-lends-85-billion-fcfa-to-cameroon-to-build-refrigerated-slaughterhouses

Deutsche Bank and Caixabank lends 8.5 billion FCFA to Cameroon to build refrigerated slaughterhouses

Caixabank and Deutsche Bank will soon lend the Cameroonian government 8.5 billion FCFA. This money will be used to finance the construction of refrigerated slaughterhouses and warehouses in Cameroon. This was revealed in a presidential decree authorising the Economy Minister to sign the loan agreement. The refrigerated warehouse and slaughterhouse project...
06/02/2015 Transports african-development-bank-approves-two-loan-agreements-worth-1103-billion-fcfa-to-build-248-km-of-roadway-in-cameroon

African Development Bank approves two loan agreements worth 110.3 billion FCFA to build 248 km of roadway in Cameroon

On February 2, 2015, the President of Cameroon authorised the Economy Minister to sign two loan agreements with the African Development Bank totalling 110.3 billion FCFA to build 248 km of roadway between Batchenga and Lena in the Centre region. Worth a total of 101 billion FCFA, the first loan...

Business in Cameroon Newsfeed

03/03/2015, 06:04 - Finance
After microfinance establishments opening without approval, a hundred of which the Minister...
03/03/2015, 05:59 - Tourism
According to Bloom Consulting Brand Ranking, an annual rating of the best...
27/02/2015, 03:10 - Agriculture
Local grinders only bought 24,855 tonnes of cocoa up to late January...
27/02/2015, 03:06 - Public management
On March 4, 2015, Cameroonian businessman, Yves Michel Fotso, son of billionnaire,...
27/02/2015, 03:01 - Public management
In a joint announcement published on February 25, 2015, Cameroon’s Economy and...
27/02/2015, 02:59 - Finance
For the inaugural year of its Islamic bank-oriented agency officially launched on...
24/02/2015, 03:04 - Mining
Fledgling Australian mining company, Canyon Resources Ltd, has signed a memorandum of...
24/02/2015, 03:02 - Energy
Domestic gas consumption in Cameroon rose from 60,000 to 90,000 metric tonnes...
24/02/2015, 02:59 - Transport
On February 19, 2015, French maritime transporter CMA CGM inaugurated its container...
24/02/2015, 02:57 - Companies
The dominant force on the local cosmetics market in Cameroon for a...
24/02/2015, 02:54 - Public management
Speaking before the press on February 21, 2015 after meeting with Cameroon’s...
18/02/2015, 22:08 - Agriculture
As was the case last year to ease a production shortage estimated...
18/02/2015, 22:06 - Transports
Throughout 2014, Royal Air Maroc flew 40,000 passengers on the Cameroonian market....
18/02/2015, 22:03 - Agriculture
Steered by the Cameroonian Agriculture and Animal Husbandry Ministers, the Family Farm...
18/02/2015, 22:01 - Companies
The Urban and Rural Land Development and Servicing Mission (MAETUR in French),...
18/02/2015, 21:58 - Finance
Sunu Cameroun-Vie is the new name of the insurance company previously known...
18/02/2015, 21:56 - Finance
Multilateral Investment Guarantee Agency (MIGA) Operations Director, Edith Quintrell, is scheduled to...
18/02/2015, 21:54 - Public management
Nine Cameroonian companies have just been selected to take part in the...
18/02/2015, 21:51 - Agriculture
On February 12, 2015, joint ordonnance by the Cameroonian Trade and Finance...
17/02/2015, 03:08 - Public management
Before 2010, starting a business in Cameroon was like the way of...
17/02/2015, 03:06 - Agriculture
In the national and international NGOs’ outcries against the environmental threat of...
17/02/2015, 03:03 - Finance
The loan portfolio of Cameroonian banks is worrying the country’s National Loan...
17/02/2015, 02:59 - Finance
According to calendar forecasts for the three countries of the CEMAC zone...
16/02/2015, 03:03 - Agriculture
The physical and chemical ingredients of the Jadida brand of soy oil...
16/02/2015, 03:02 - Energy
In the February 6, 2015 presidential decree granting natural gas exclusivity on...
16/02/2015, 03:00 - Finance
The national refinement company, Société nationale de raffinage (Sonara), has just benefited...
16/02/2015, 02:57 - Finance
Between September 2013 and September 2014, the National Loan Committee of Cameroon,...
13/02/2015, 03:49 - Telecom
The pan-African banking group Ecobank and telecom company Orange have announced that...
13/02/2015, 03:47 - Telecom
  Customers of the Cameroonian subsidiary of the e-commerce company, Cdiscount, will be...
13/02/2015, 03:45 - Energy
With its 41 stories, Cameroon’s Tour de l’électricité (Tourel) or Electricity Tower...
11/02/2015, 08:18 - Public management
Caixabank and Deutsche Bank will soon lend the Cameroonian government 8.5 billion...
11/02/2015, 07:55 - Agriculture
Since the start of the 2014-2015 cocoa and coffee seasons, Cameroon has...
11/02/2015, 07:22 - Energy
Cameroon’s electrical energy production deficit has been reaching daily highs of 100...
11/02/2015, 07:19 - Finance
According to reliable sources, Cameroonian insurance company Activa made 37.3 billion FCFA...
11/02/2015, 07:17 - Agriculture
After a 2013/2014 season that doubled coffee production, Cameroon aims to produce...
11/02/2015, 07:03 - Energy
A presidential decree signed on February 6, 2015 grants “exclusive rights to...
11/02/2015, 06:57 - Agriculture
In order to face the famine looming in the distance in Extreme-North,...
11/02/2015, 06:51 - Public management
Instead of the initial 375 billion FCFA to be raised in 2015...
07/02/2015, 01:38 - Telecom
The Ministry of Postal Services and Telecommunications and the Ministry of Secondary...
07/02/2015, 01:36 - Agriculture
Nestlé’s Cameroonian subsidiary, which has been selling Nescafé products made with Cameroonian...
24/02/2015 Transport french-shipowner-cma-cgm-inaugurates-container-terminal-at-douala-port

French shipowner CMA CGM inaugurates container terminal at Douala port

On February 19, 2015, French maritime transporter CMA CGM inaugurated its container terminal located at Douala port, the country’s largest port while awaiting the opening of the Kribi deep water port in the South region. Christened 3CTC (CMA CGM Cameroon Container Terminal), the terminal covers a surface area of 2...
24/02/2015 Public management laurent-fabius-“i-would-like-to-pay-homage-to-cameroon’s-bravery-in-the-fight-against-boko-haram”

Laurent Fabius: “I would like to pay homage to Cameroon’s bravery in the fight against Boko Haram”

Speaking before the press on February 21, 2015 after meeting with Cameroon’s Head of State, Paul Biya, French Foreign Affairs Minister, Laurent Fabius, who visited countries affected by the Boko Haram threat, paid “homage to Cameroon’s bravery.” The Cameroonian army has inflicted heavy losses on the terrorists whenever they have...
13/02/2015 Telecom orange-and-ecobank-soon-to-launch-money-transfers-in-cameroon

Orange and Ecobank soon to launch money transfers in Cameroon

The pan-African banking group Ecobank and telecom company Orange have announced that they intend to launch a money transfer service in several African countries where they currently operate. The partnership will enable Orange Money and Ecobank clients to do money transfers from their cellular phones to their bank accounts and...
07/02/2015 Telecom internet-access-will-soon-be-available-in-secondary-schools-in-cameroon

Internet access will soon be available in secondary schools in Cameroon

The Ministry of Postal Services and Telecommunications and the Ministry of Secondary Education have just signed an agreement on internet access in the multimedia resource centres (CRM) of public secondary and higher education establishments in Cameroon. The agreement between the two parties stipulates that the Postal Services Ministry will contribute...
05/02/2015 Public management cameroon-to-sign-a-305-billion-fcfa-financial-agreement-with-comerzbank-paris-to-help-maintain-peace-in-the-central-african-republic

Cameroon to sign a 30.5 billion FCFA financial agreement with Comerzbank Paris to help maintain peace in the Central African Republic

The Cameroonian government will soon sign a financial agreement with Comerzbank Paris to the tune of 30.5 billion FCFA. This was revealed following the February 2 publication of presidential decree authorising the Economy Minister to sign the said agreement. The agreement will allow for funds to be raised to finance...
04/02/2015 Agriculture cameroon’s-banana-exports-rise-by-12-423-tonnes-in-2014

Cameroon’s banana exports rise by 12 423 tonnes in 2014

According to the Cameroonian Banana Association (Assobacam), farmers exported 267,502 tonnes of bananas in 2014. Over half of this production (152,067 tonnes) was exported by Plantations du Haut Penja, the local subsidiary of the Marseille-based fruit company. The same source has also revealed that these exports have increased by over...
03/02/2015 Agriculture sodecoton-to-buy-266400-tonnes-of-cotton-from-cameroonian-farmers-in-2015

Sodecoton to buy 266,400 tonnes of cotton from Cameroonian farmers in 2015

According to the Managing Director of Société de développement du coton (Sodecoton), Abdou Namba, the agro-foods star of northern Cameroon intends to buy 266,400 tonnes of cotton from 250,000 farmers with whom it has a working arrangement in the country’s Extreme-North region. Mr. Namba indicated that this is essentially the...
02/02/2015 Agriculture nealiko-enterprises-and-nestlé-cameroon-lead-in-robusta-exports-at-the-start-of-the-season

Nealiko Enterprises and Nestlé Cameroon lead in Robusta exports at the start of the season

In December 2014, the first month of the 2014-2015 coffee season for the Robusta variety, Cameroon exported 698 tonnes of Robusta coffee. This was a significant increase relative to the 263 tonnes exported for the same period in the previous season. Exportations: 1.Nealiko Enterprises exported 284 tonnes. 2.The Swiss agro-foods’ Cameroonian subsidiary,...
30/01/2015 Energy mobilising-financing-to-expand-the-kribi-gas-plant

Mobilising financing to expand the Kribi gas plant

A Globeleq company and the entity that manages the 216 MW Kribi gas plant, Kribi Power Development Corporation (KPDC) hopes to conclude a long term loan deal with International Financial Company (IFC) by 2015 to finance the expansion of the energy structure. This was revealed by authorised sources. In order to...
29/01/2015 Telecom orange-digital-ventures-a-financing-opportunity-for-cameroonian-start-ups

Orange Digital Ventures, a financing opportunity for Cameroonian start-ups

Quoting correspondence issued by Orange, the tech site ticmag.com has announced that the French telecom group has just launched “Orange Digital Ventures”, a concept that aims to identify and support start-ups in their early developmental stage by providing the financial support they need at this key moment. The total sum...
23/01/2015 Agriculture cameroon-1000-hectares-of-plantain-to-be-developed-in-the-north-west

Cameroon: 1,000 hectares of plantain to be developed in the North-West

In the framework of “Grassfields Rural Infrastructure and Participatory Development Support Programme” financed by the African Development Bank (ADB), the North-West region plans to develop 1,000 hectares of plantain in Widikum. This was recently announced during the official launch of the second phase of the project which aims to provide...
21/01/2015 Agriculture dry-season-raises-cocoa-prices

Dry season raises cocoa prices

The “overall situation has been improving in farming areas this January.” This was Commodafrica’s finding for the cocoa season at the start of the dry season. Indeed, due to the accessibility of some roads, “the competition among buyers is fiercer, which supports prices suggested by cocoa farmers.” In the city...
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