Cameroon : Companies lost XAF800 bln to socio-political crisis within 3 years (GICAM)
The Inter-Patronal Grouping of Cameroon (GICAM) recently updated its data on the socio-political crisis raging the North-West and South-West since October...
No, Douala port’s general director Cyrus Ngo'o is not from the Anglophone region
Yes, Ernest Obama is no longer the managing director of private TV channel Vision 4
No, Chad and Equatorial Guinea are not providing assistance for the payment of Cameroonian civil servants’ salaries
Cameroon gathers partners around torn anglophone region’s reconstruction plan
Cameroon's Prime Minister, Joseph Dion Ngute, announced on his twitter account that he recently brought together “about fifteen” representatives of...
Cameroon: FEICOM redistributed XAF88.8 bln to municipalities in 2018
In Cameroon, the Special Fund for Equipment and Inter-municipal Assistance (FEICOM) collected revenues amounting to XAF158.3 billion in 2018, a little...
Cameroon generates an average of XAF140 bln/year from the distribution of oil products
Every year, Cameroon generates an average of XAF140 billion from the distribution of oil products. This was revealed by the minister of water and energy...
Cameroon: new issuance of fungible treasury bills on BEAC market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
Cameroon: 35% of gas stations are located in rural areas (Ministry of energy)
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
Cameroon increased daily drinking water production by 96,376 m3 between 2018 and 2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
Benjamin Ngongang : “The French guarantee no longer seems really essential” for the CFA zone
Benjamin Ngongang, Associate Director in charge of the Central African region at FinAfrique that specializes in advice and accompaniment for reforms in...
Cameroon: Minette Libom Li Likeng asks African companies to adopt Big Data
Data, which is the real "base for digital revolution," is now considered as "infrastructure for emerging economic activities," according to Minette Libom...
Med'Innovant Africa 2019: Cameroonian Promagric among the 5 finalists
Euroméditerranée, a public development institution, has selected the Cameroonian start-up Promagric as one of the five finalists of the 2019 edition of...
Local company Codias to develop Cameroon’s first industrial gold mine
On November 29, 2019, in Yaoundé, the Minister of Mines, Gabriel Dodo Ndoke (photo, with striped tie), signed an exploitation agreement with Codias S.A...
Douala to soon host a XAF28 bln modern market
In the next 18 months, Douala will have a gigantic centre at the former Marché Congo destroyed by two fire outbreaks (in 2012 and February 2019). The...
Cameroon plans to raise XAF422 bln on local and regional financial markets in 2020
To fund its budget, Cameroon plans to raise a total of XAF422 billion on the regional and local financial markets in 2020. The country plans to raise the...
Cameroon awards contracts for construction of 188 Km roads in the Southern region
In Cameroon, the Minister of Public Works, Emmanuel Nganou Djoumessi (photo), announces the signing, on December 3, 2019, of two contracts with two...
2020 draft bill : Cameroon proposes new export taxes
In 2020, Cameroon could start collecting new export taxes. Indeed, in the 2020 finance draft bill presented before the parliament, the country plans to...
Shots fired at landing Camair-Co flight, local media attributes attack to separatists
In Cameroon, state-owned carrier Camair-Co officially announced, on December 1, 2019, that shots were fired at one of its MA60s when the pilot was...
North-West Cameroon: The UN condemns murder of humanitarian worker
In a statement issued on December 1, 2019, in Yaoundé, Allegra Baiochi (photo), coordinator of the United Nations system in Cameroon denounced the...
Cameroon presents 2020 budget, down by 5%
Prime Minister Joseph Dion Ngute (photo) presented, on November 29, 2019, the main points of the 2020 Finance Bill before the national assembly. Compared...
Cameroon: New oil code boosts investors’ rush into the oil sector (SNH)
“We note a real interest on the part of international oil companies, whether already operating in Cameroon or not, to take advantage of the incentives...
Cameroon: Natural gas can contribute 20-30% of the energy mix , SNH says
“The SNH has demonstrated, since 2012, that gas can make a significant contribution to the development of the electricity sector in Cameroon by ensuring a...
Cameroon and Gabon ink legal framework for fibre-optics telecommunications networks’ interconnection
On November 28, 2019, in Libreville, Cameroon and Gabon signed a memorandum of understanding for the interconnection of their fibre-optics...
CEMAC: IMF and BEAC to discuss cooperation axis for regional capital market development
From December 2 to 6, 2019, the IMF’s Regional Technical Assistance Center for Central Africa (Afritac Centre) will conduct a mission at the Bank of...
Cameroon inks XAF10 bln funding agreement with the EU for rural electrification
On November 26, 2019, in Yaoundé, the Cameroonian government, signed, via the Ministry of Economy, a €16.15 million (a little over XAF10 billion)...
Cameroon: Inflation could rise to 2.7% due to currency crisis, insecurity and flood
In Cameroon, according to a note recently published by the national institute for statistics INS, inflation could rise further at the end of the year....
Nachtigal dam: Over 1,300 employees already active on site
Jean-Bernard Levy, CEO of Électricité de France (EDF), a shareholder in the Nachtigal dam construction project in Central Cameroon, was on the...
Cameroon: Public lighting takes over 55% of government’s electricity expenditures
The Cameroonian government, via the Ministry of Water and Energy, just launched a programme to monitor, control and optimize electricity bills in the...
Cameroon: With a turnover of XAF52 billion, MTN Cameroon became the leader of the market in Q4 2018
In Q4 2018, the combined turnover of telecom operators in Cameroon was XAF131.9 billion, data provided by the telecom regulator ART indicates. MTN...
Cameroon Investment Forum launched in Douala today
Today, November 27, 2019, the 3rd edition of Cameroon Investment Forum (CIF), organized by the Investment Promotion Agency (API), was launched in Douala,...
Cameroon: Local startup plans to launch a carpooling app on Dec 2, 2019
The co-founders of the start-up ToliCar announce the launch of a carpooling platform on December 2, 2019. According to the startup, for a start, this...
BEAC: Liquidity injections reduced to XAF335.2 bln in June 2019
In June 2019, BEAC’s liquidity injections into commercial banks operating within CEMAC was XAF335.2 billion. According to the official report just...
Cameroon launches mobile money services' aggregation platform to boost financial inclusion
Minette Libom Li Likeng (photo), the Cameroonian Minister of Posts and Telecommunications signed on 26 November, a decree setting the conditions and...
Cameroon: Still another fire in a market in Douala
In the night of November 23 to 24, 2019, fire broke out at Cité des palmiers market in Douala, the Cameroonian economic capital. According to our sources,...
CEMAC: Interbank transactions up by XAF44 bln MoM in June 2019
In June 2019, transactions on the BEAC (central bank of the CEMAC region) interbank market, peaked at XAF317 billion, an official report...
Cameroon: UBA promises more credit for female SME owners
During the ongoing Global Gender Summit (November 25-27, 2019) in Kigali, Rwanda, Nigerian banking Group UBA promised to increase credits granted to...
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