Covid-19: Gicam suggests 18 fiscal and financial measures to support businesses
At the end of the extraordinary Board meeting held on March 19, 2020, in Douala, the Inter-Patronal Grouping of Cameroon (Gicam) promised to make...
Cameroon launches campaign for its XAF220 bln fundraising operation
Today April 1st, Cameroon launched a campaign for its XAF220 billion fundraising operation via bond issuance. On various media, the Ministry of Finance,...
External debt cancellation: Cameroon could be relieved of XAF6,650 bln of debt
At the end of the 3rd extraordinary meeting of the steering committee of the CEMAC Economic and Financial Reforms Programme (Pref-Cemac), CEMAC Ministers...
Cameroon targets 98% financial inclusion with the National Payment Switch
Substantially increase financial inclusion from the current 40% to 98%, which is the mobile penetration rate in Cameroon. This is one of the objectives of...
Urban transit: Cameroon reduces customs tariffs to renew car fleet
In the 2020 finance law, Cameroon decided to reduce the customs tariff on the importation of vehicles destined for public transport to 5%. In a document...
Cameroon inaugurates the national payment Switch
Today March 31, Cameroon’s Minister of Posts and Telecommunications Minette Libom Likeng is inaugurating the National Payment Switch at Campost’s data...
Covid-19: Beac initiates easing measures to facilitate crusade against the virus
On March 27, 2020, members of the BEAC Monetary Policy Committee held a videoconference to find solutions to the coronavirus crisis affecting the world,...
Cameroon: The milling industry fears stock shortage due to coronavirus prevention measures
Vessels transporting daily consumer goods berthing at the port of Douala must now wait 14 days (incubation period of Covid-19) at the base buoy before...
Douala Container Terminal suffers activity slowdown due to internet problems
Since March 26, the Port of Douala’s container terminal has been recording an “unprecedented” slowdown of activities at its entrances and single window,...
Cameroon: 44,000 homes to be provided with electricity thanks to performance contracts with Lagdo
In the framework of the performance contracts between the government and municipalities, since 2012 in Cameroon, Lagdo recently received a funding of XAF5...
Camair-Co: Towards the temporary suspension of operations?
In Cameroon, it seems that Camair-Co will have to temporarily suspend its decelerating operations that are now affected by the coronavirus health crisis,...
Cameroon: Oil storage company SCDP authorized to increase ROW fees to XAF2/L
In Cameroon, SCDP was authorized to increase its ROW fee from XAF1.6 to XAF2 per liter. This was revealed by Ferdinand Ngoh Ngoh, Minister of State and...
Cameroon seeks XAF197 bln loan from Afreximbank to import oil products
Sonara, Cameroon’s only oil refinery, could soon receive a €300 million loan (about XAF197 billion) to import oil products. This was revealed by...
Bowleven to hand back its Bomono block exploration license to Cameroon
British oil and Gas company Bowleven plans to hand back its exploration license on the 2,328 km2 Bomono gas block, onshore Cameroon, to Cameroonian...
Cameroon to raise XAF45 bln on the public securities market to fight the coronavirus pandemic
On April 8, 2020, Cameroon will launch the first bond of a series of three on the BEAC money market. According to internal sources at the Ministry of...
Cameroon: Currency crisis and speculation boosted the price of bread and cereals in 2019 (INS)
In a recent analytical note about the Cameroonian consumer market in the 2019 fiscal year, the National Institute of Statistics (INS) reveals the causes...
Cameroon: Water supply projects worth XAF35.4 bln to be delivered in Apr 2020 (Camwater)
Cameroon Water Utilities (Camwater) is currently implementing water supply projects in every region of Cameroon to improve the population’s access to...
Cameroon to elaborate a stimulus plan for projects funded by China
In Cameroon, the government is taking measures to relaunch projects funded by China. During the cabinet council held in Yaoundé on March 26, 2020, the...
Air France exceptionally authorized to fly passengers wishing to return to France
"Cameroonian authorities have just given their agreement for two exceptional Air France flights to take passengers wishing to return to France. More...
Coronavirus: Cobac prescribes “caution” in the restructuration of affected companies’ debts
"The impact of this global health crisis, although difficult to determine in terms of scale and duration, will affect the repayment capacity of several...
ENEO: Optimized production and supply-demand plan reduces 2020 fuel spending by XAF8.6 bln
In Cameroon, the Electricity Sector Regulatory Agency (ARSEL) informs that in collaboration with electricity company Eneo, it has optimized the production...
Cameroon: Ministry of Trade closes stores suspected of speculation in Yaoundé
On March 19, some fish shops and retail stores were closed, in Yaoundé, by order from the Minister of Trade Luc Magloire Mbarga Atangana. On March 23, two...
BC-PME opens agricultural funding window of XAF200 mln
Banque camerounaise des petites et moyennes entreprises (BC-PME) recently opened an agricultural financing window. This window was opened following an...
Cameroon: Short rainy season’s onset induces a slight drop in Cocoa prices
Although there are no abundant rainfalls yet, the short rainy season effectively started in Cameroon since March 15, 2020. According to the National Cocoa...
CEMAC: Forest products price index was up by 3.6% in Q4-2019
In Q4, 2019, the price of forest products increased by 3.6%, according to the composite index of commodities exported by CEMAC countries recently...
Control and sanitary measures caused brief disruption in fuel supply in Yaoundé
Last weekend, there was a brief shortage of fuel, Super namely, at several petrol stations in Yaoundé. Users roamed many stations in vain and fear sparked...
Coronavirus: Cameroon plans mass testing
In Cameroon, the government is planning mass covid-19 testing but is "awaiting test kits" to organize the test. This was revealed by the Minister of...
CEMAC: Palm oil boosted the price index of agricultural products exported in Q4, 2019
In Q4, 2019, the price index of agricultural products exported by CEMAC countries rose by 6.3%, against a 1.9% drop in the previous quarter, according to...
CEMAC: Interbank transactions rose to slightly over XAF3,500 bln in 2019
In the CEMAC region, the volume of interbank transactions was XAF3,500.3 billion in 2019, according to recent data published by the central bank...
CEMAC: The Composite index of commodity prices was up by 2.4% in Q4-2019
Between October and December 2019, the price index of commodities exported by CEMAC countries increased by 2.4%, after a 6.7% decrease in Q3, 2019, a...
CEMAC: Cameroon records 2nd poor performance in the BEAC debt market
On March 18, 2020, Cameroon was unable to raise the complete XAF10 billion it was seeking on the BEAC debt market via the issuance of 52-week fungible...
Coronavirus: Gicam calls for the elaboration of “new policies to support businesses and households”
After an extraordinary Board meeting, on 19 March 2020, in Douala, the Inter-Patronal Grouping of Cameroon (Gicam) expressed its "deep concern and anxiety...
Cameroon: Fotso Victor dies at 94
Corroborative sources announced in the afternoon of March 20, 2020, the demise of Cameroonian businessman Fotso Victor. The circumstances of this death...
France and the EU condemn the Bamenda and Galim attacks
Accused of conspiracy against Cameroon, Human rights group Redhac announces a judicial complaint against Paul Atanga Nji
Government’s HIMO operation slows youth recruitment into Boko Haram sect in the Northwest
- Most read 7 days
- shared 1 month
- read 1 month
Subscription to our newsletter
Every week the economy and investment news from Cameroon
Business in Cameroon n85: March 2020
Minim Martap«It might be the best bauxite ever at the moment»
The necessary reform of Cameroonian public firms
Investir au Cameroun n95 Mars 2020
Minim Martap« Peut-être la meilleure bauxite au monde à ce jour »
La nécessaire réforme des entreprises publiques camerounaises
African Economies
-
Dr Edoh Kossi Amenounve to helm of the African Securities Exchanges Association (ASEA)
-
Central Bank of Ghana postpones the deadline for meeting the minimum capital requirement for e-payment service to 31 December 2020
-
World Bank earmarks $133mln to improve essential service supply in Mauritania
-
Kenya’s Twiga Foods secures $5mln U.S. DFC loan to acquire transportation and cold storage equipment
-
MTN Group to dispose of 15% stake in Nigerian subsidiary
Subscription to our newsletter
Every week the economy and investment news from Cameroon