Cameroon plans to raise XAF180 bln on the money market in Q4-2020
After a slight break following its series of bonds issuance thanks to which it raised XAF219.4 billion (between April and June 2020), Cameroon is...
SCI-Lafleur to open a giant hippodrome in Douala
Douala-based company Société commerciale immobilière-La fleur (SCI) informs that it is currently preparing to open the giant hippodrome ever built in the...
CEMAC: Central Bank BEAC sets commissions to be collected on outgoing wire transfers in 2021
On September 22, Abbas Mahamat Tolli (photo), governor of the Bank of Central African States (BEAC), signed a decision allowing the BEAC (central bank of...
Kribi-Grand Zambi road to be delivered in March 2021 (MINTP)
The Cameroonian Ministry of Public Works (MINTP) announces that the Kribi-Grand Zambi (53 km) road in Southern Cameroon will be delivered in March...
Cameroon plans to raise onion production to 200k tons this year through IFAD-funded program PADFA
Cameroon is planning to boost onion production. This was revealed during the signature, on September 25, 2020, of a credit agreement between the...
Cameroon: Belgian bank Belfius funded Camwater’s investment program with XAF36.6 bln in 2009-2014
Belgian bank Belfius provided Cameroon with XAF36.6 billion (€55.8 million), between 2009 and 2014. This was revealed during the audience granted to the...
Cameroon: Government plans to develop birding tourism to boost the tourism sector after Covid-19
The Cameroonian Ministry of Tourism, in collaboration with international experts, is currently working to develop niche tourism in the country. This was...
Éric Jacquemin: “I will continue to support Belgian companies’ investments in Cameroon”
Some days ago, the new Belgian ambassador to Cameroon Éric Jacquemin was granted an audience by the Cameroonian Minister of Finance Louis Paul Motazé in...
German firms Ossberger and Stragbag AG plan to set up operations in Cameroon
Hydropower manufacturer Ossberger and construction company Stragbag are currently negotiating with Cameroonian ministries to set up operations in the...
Cameroonian firm Express Union is the 4th most important microfinance institution in Gabon
Cameroonian firm Express Union is one of the four most important microfinance institutions in Gabon, the country’s General Directorate of Economy and Tax...
Cameroon: Andritz Hydro offers to supply equipment for Nachtigal and Lom Pangar projects
The German company Andritz Hydro is offering to supply equipment for the Nachtigal (420 MW) and Lom Pangar projects, Cameroon’s Ministry of Economy...
Cameroon exported 728.8 mln m3 of raw timber in 2019
Cameroon exported 728.8 million m3 of raw timber in 2019, according to data compiled at the ports of Douala and Kribi. These exports were realized despite...
Cameroon: UBA Cameroon served as an intermediary bank for 52.9% of cocoa sold in 2019-2020 (ONCC)
Eleven (11) commercial banks operating in Cameroon served as intermediaries between cocoa exporters in Cameroon and their foreign buyers during the...
Cameroon: Customs seizes 145 boxes of wine and whisky in the Southern region
Cameroonian customs stationed in the Southern region seized 145 boxes of contraband wine and whisky. Indeed, on the night of September 21 to 22, 2020,...
Cameroon: Coronavirus forces oilseed refiners to reduce operation by 50%
The Association of Oilseed Refiners of Cameroon (Asroc) indicates that because of the coronavirus pandemic, none of its members are functioning above 50%...
Cameroon: UBA Cameroon partners with local cryptocurrency leader Global Investment Trading
UBA Cameroon informs that it recently entered into a partnership with the Cameroonian leader of the cryptocurrency market Global Investment Trading...
Cameroon is the 2nd most active country on the Open Timber Portal
Cameroon is the 2nd most active country on the “Open Timber Portal ” (OTP) which promotes transparency in forestry activities worldwide. With over 600...
Cameroon: Adamaoua joins the rank of cocoa-producing regions (ONCC)
During the 2019-2020 cocoa season (which ended on July 15, 2020), a little over 82 tons of cocoa was sold in Adamaoua (one of the three northern regions...
Cameroon: ENEO donates XAF175 mln of medical supplies to help fight COVID-19
On September 22, Eneo donated about XAF175 million of medical supplies to Cameroon, via the Minister of Public Health Malachie Manaouda. With that...
Cameroon: Ivorian Sylvain Kakou becomes IFC’s regional manager for Central Africa
Ivorian Sylvain Kakou (photo) is the International Financial Corporation’s (IFC) new regional manager for the Central African region. He replaces his...
Cameroon: 15 local companies granted the CEMAC preferential tariff regime
Fifteen (15) manufacturing and agribusiness companies operating in Cameroon have recently been granted the preferential tariff regime allowing them to...
CEMAC: Towards the creation of a mixed inter-state customs brigade
Cameroon's Directorate-General of Customs recently hosted a meeting aimed at ensuring the consistency of the draft regulation on the creation,...
Cameroon becomes one of Turkey’s four African gas suppliers
Thanks to Hilli Episeyo (the floating natural gas liquefaction plant commissioned off the coast of Kribi in 2018), Cameroon has become one of the four...
CEMAC: Cameroon, Gabon, and Congo’s public securities were the most sought after in Q2-2020 (BEAC)
In Q2-2020, the treasury bills issued by Cameroon, Gabon, and Congo (to a lesser extent) were the most sought after, according to the quarterly bulletin...
CEMAC: prices of agricultural export commodities dropped by 7.6% in Q2-2020 (BEAC)
In Q2-2020, the global prices of agricultural products exported by CEMAC countries dropped by 7.6%, according to the commodity price index recently...
Cameroon plans to relaunch the travel & tourism industry weakened by the Covid-19 pandemic
On September 9, the secretary-general at the Cameroonian prime ministry sent a letter to the president of the association of tourism professionals APTAC....
Congo basin countries to prohibit raw wood exports by Jan 1, 2022
On September 18, 2020, the Ministers of Forest, Industries, and Environment of the Central African region validated a decision prohibiting countries of...
Cameroon imported XAF101.7 bln of textile materials in 2019, up 6.4% YoY
In 2019, Cameroon spent XAF101.71 billion to import 121,935 tons of textile materials, up by 6.4% year-over-year. In detail, silk (135 tons)...
Cameroon sets conditions for access to coronavirus recovery fund
On September 11, 2020, Achille Bassilekin III (photo), the Minister of SMEs, signed a decree setting the conditions under which SMEs, artisans, and...
Cameroon imported XAF72 bln worth of alcoholic drinks in 2019, up 12% YoY (INS)
Cameroon imported 93.368 tons of alcoholic drinks in 2019, according to data from the National Institute for Statistics. The bill during the period was...
2020 municipal election: The supreme court annuls the election of Mayor Hamadou Hamidou in Maroua 1st
National Assembly sends about a hundred officials to Parliamentary Diplomacy training
Anglophone crisis: “Biafra Nations Youth League” allies with “Ambazonia”
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