Yaoundé - 18 January 2020 -

Cameroon : Despite CDC’s activity shutdown, banana exports have been more dynamic in 2019 than in 2018

In 2019, banana exporters operating in Cameroon shipped 204,320 tons of banana to international markets. Compared with the 203,721 tons exported by the...
Friday 17 January 2020Finance

Cameroon : Kuwait Fund’s active portfolio estimated at about XAF20 billion

Currently (January 2020), the active portfolio of the Kuwait Fund in Cameroon includes three projects for an amount of US$35.5 million, or about XAF20...
Friday 17 January 2020Agriculture

Cameroon : Minimum cocoa farm gate price drops to XAF1,080 per kilogram

Since December 31, 2019, the farm-gate price per kilogram of cocoa beans in Cameroon's production basins has declined slightly from a high of XAF1,250 to...
Friday 17 January 2020Public management

Cameroon imposes 20% precautionary freeze on some administrations’ budgets to ensure proper budget implementation

Reading through the circular that sets the framework for the implementation of the 2020 Finance bill, it appears that Cameroonian administrations must...
Friday 17 January 2020Public management

Cameroon : 50 tons of fish supplied to the population during the 2019 holidays thanks to the Agropoles project

During the 2019 holiday season, the ponds created in Cameroon with the support of the Agropoles project helped provide 50 tons of fish to the...
Friday 17 January 2020Finance

CEMAC : Credit institutions required to transmit daily transaction data to the BEAC

Starting from 2020, credit institutions operating within the CEMAC region will henceforth be subjected to stricter regulations concerning the transmission...
Thursday 16 January 2020Finance

CEMAC: In 2018, local bank’s loans were mainly channeled towards countries

In 2018, bank lending within the CEMAC region rose by 8.8%, the region’s central bank BEAC informs in its 2018 activity report.   According to the...
Thursday 16 January 2020Public management

Cameroon : 69% of investment budget dedicated to infrastructures and the production sector this year

This year, Cameroon’s public investment budget is XAF1,496 billion, a little up by 6% year over year. According to the Ministry of Economy, 69% of that...
Thursday 16 January 2020Public management

Cameroon tightens conditions for the attribution of benefits to civil servants

Since the beginning of this year, “the accumulation of benefits, the payment of amounts in excess, the extension of benefits, not provided for in the...
Thursday 16 January 2020Insurance

Olivier Malâtre becomes Allianz Cameroon’s MD

Subject to the approval of local regulatory authorities, the management of the insurer Allianz Cameroon is expected to change hands during the beginning...
Thursday 16 January 2020Public management

Government urges public administrations to keep water and energy expenditures in check

“By the end of the year 2020, each administration must have precise knowledge of the level of its [water and electricity] consumption and corresponding...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Thursday 16 January 2020Sport

AFCON 2021 to be held in Cameroon from Jan 9 to Feb 6, 2021

AFCON2021 will be held in Cameroon from January 9 to February 6, 2021. This information was relayed by Ahmad Ahmad, president of the Confederation of...
Wednesday 15 January 2020Public management

Cameroon : 7,855 former civil servants suspected of fraudulently receiving reversionary and invalidity pensions

In Cameroon, the Ministry of Finance just published a list of 7,855 former civil servants suspected of fraudulently receiving reversionary and invalidity...
Wednesday 15 January 2020Public management

Cameroon offers young people opportunities in the digital technology sector

On January 15, 2020, Cameroon's Minister of Posts and Telecommunications, Minette Libom Li Likeng, visited École nationale supérieure des Postes,...
Wednesday 15 January 2020Cooperation

Cameroon and Chad review their joint road and energy projects

On January 14, 2020, Chad's Minister of Economy and Development Planning, Issa Doubragne, completed a five-day working visit to Cameroon. On the last day...
Wednesday 15 January 2020Infrastructures

Bingambo-Grandzambi road section : Financial closing was delayed by communication and currency exchange problems (Ministry of Economy)

The financing agreement for the Bingambo-Grandzambi section (106 km) of Olama-Kribi road project has been signed with the Kuwait Fund for Arab Economic...
Wednesday 15 January 2020Public management

Cameroon : The Ministry of Finance effectively launches the dematerialization of fiscal stamps in 3 regions

Since January 1st, 2020, the dematerialization of fiscal stamps has been effective in the Far-north, the North and the Northwestern regions of Cameroon,...
Wednesday 15 January 2020Public management

Cameroon adopts a stringent management of civil servants’ payroll

In the circular setting orientations for the 2020 finance bill, the Minister of Finance Louis Paul Motaze (photo), gives instructions regarding the...
Tuesday 14 January 2020Infrastructures

Babadjou-Bamenda road: World Bank to resume disbursements for construction

On January 10, 2020, during a meeting to evaluate projects financed by the World Bank in Cameroon, the Bretton Woods institution announced the resumption...
Tuesday 14 January 2020Infrastructures

Olama-Kribi road : Cameroon completes fund mobilization phase

On January 13, 2020, the Cameroonian Minister of Economy, Alamine Ousmane Mey and the Deputy Director-General of the Kuwait Fund for Arab Economic...
Tuesday 14 January 2020Finance

CEMAC : Microfinance institutions recorded XAF90 bln of outstanding loans in 2018

In 2018, the 619 microfinance institutions operating in the six CEMAC countries (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea) granted XAF493...
Tuesday 14 January 2020Public management

HIV/AIDS: The U.S. triples its support to Cameroon’s program to XAF57 bln this year

The U.S. government, through PEPFAR (the President's Emergency Plan For AIDS Relief launched by former U.S. President George W. Bush in 2003), has decided...
Tuesday 14 January 2020Finance

Nigerian Access Bank enters the Cameroonian market

Nigerian banking group Access Bank just created a subsidiary in Cameroon. With an initial capital of about XAF14.5 billion, the new subsidiary’s...
Tuesday 14 January 2020Finance

Cameroonian Martin Ché becomes UBA’s CEO in the CESA zone

Cameroonian native Martin Ché, former CEO of UBA Cemac, has just been appointed Regional Chief Executive Officer of the Central, Eastern, and Southern...
Monday 13 January 2020Agriculture

Cameroon : A half-billion Sorghum husking unit inaugurated in the Far-North

On January 10, 2020, the Cameroonian Minister of Agriculture Gabriel Mbairobe inaugurated a sorghum husking and storing unit in Maroua, the capital...
Monday 13 January 2020Public management

Cameroon: Oil revenues 25.6% up despite 11.9% drop in oil prices in Jan-Sep 2019

During the first nine months of 2019, Cameroon's oil revenue reached XAF431.7 billion, up by XAF88.1 billion (+25.6%) year-on-year. According to the...
Monday 13 January 2020Finance

Cameroon records success at its first 2020 fungible bills issuance with a 2.1% average interest rate

The Cameroonian Treasury succeeded in raising a total of XAF20 billion on the BEAC debt market at the end of a 26-week fungible treasury bills auction...
Monday 13 January 2020Transport

Cameroon : Towards a war between the ports of Douala-Bonabéri and that of Kribi?

Is Cameroon heading towards a war between the Port of Douala, the main entrance for 95% of goods entering via sea route, and that of the newly...
Monday 13 January 2020Sport

CHAN 2020 and AFCON 2021 : CAF’s president on working visit from Jan 13-15

On January 13-15, Ahmad Ahmad, President of the Confederation of African Football (CAF), will be on a working visit in Cameroon, the country’s Minister of...
Monday 13 January 2020Public management

Cameroon implements new taxes on bleaching, tobacco, and gaming products

This year, as proposed by the Cameroonian government in parliament during the November 2019 session, several imported products will be subject to new...
Friday 10 January 2020Public management

Henley & Partners Passport Index: Cameroon among the least competitive in the CEMAC region

Henley & Partners just published the 2020 ranking of the most powerful passports in the world. This power is a function of the number of countries to...
Friday 10 January 2020Public management

Cameroon rationalizes company inspections to protect economic operators against harassment

Economic operators in Cameroon can now heave a sigh of relief, and for a good reason. In separate notes addressed on December 17, 2019, to the...
Friday 10 January 2020Public management

CEMAC countries negotiate an extension of programs with the IMF

According to Standard & Poor's (S&P), CEMAC countries are currently negotiating an extension (that would not exceed 2 years) of the three-year...
Friday 10 January 2020Public management

CEMAC : AfDB’s regional director reveals the reasons behind aborting the project Air CEMAC

In an interview with the Cameroonian government daily, Cameroon Tribune, Ousmane Doré, the outgoing Director-General of the AfDB for Central African...
Friday 10 January 2020Public management

Cameroon : Government strengthens measures for the management of medical evacuations paid by public funds

A reading of the Circular of Instructions for the Implementation of the 2020 Finance Act reveals a tightening of the regulations relating to medical...
Friday 10 January 2020Insurance

Cameroon finally stops VAT on life insurance contracts following Insurers’ protests

Cameroon has abolished the value-added tax (VAT) applied to life insurance for this fiscal year. In the circular of the Minister of Finance (Minfi),...
Friday 10 January 2020Public management

Cameroon moves to strengthen its international tax fraud and evasion combating system

In the 2020 Finance Law, Cameroon has decided to strengthen its international tax fraud and evasion combating system. To this end, the country has...
Friday 10 January 2020Mining

About 5,000 carats of diamonds are produced along the Cameroon-CAR border every year (Kimberley process)

According to Daniel Mackaire Eloung Nna, Permanent Secretary of the Kimberley Process National Monitoring Secretariat, artisanal miners along the border...
Friday 10 January 2020Public management

Cameroon : Feicom allocated XAF10.19 bln to 81 communes in 2019

Fonds spécial d'équipement et d'intervention intercommunale (Feicom), the Cameroonian bank for communities, informs that it is satisfied with its...
Friday 10 January 2020Education

Cameroon announces the recruitment of 500 University lecturers this year

After a first wave of 1,237 recruits in 2019, the Minister of Higher Education (Minesup), Jacques Fame Ndongo (photo), has announced a second phase to...
Friday 10 January 2020Infrastructures

Construction works on Kribi-Lolabé highway to resume shortly

Construction works on the Kribi-Lolabé highway, on hold since November 26, 2018, are expected to resume in the coming days.   “Following the very...

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