Yaoundé - 18 November 2019 -

Cameroon confirms its status of CEMAC’s financial center

The latest bond, whose issuance period ran from September 20 to October 2, 2019, by Gabon recorded a 126% subscription rate. With the authorization of...
Monday 18 November 2019Economy

Cameroon: Q3 2019 wood exports to the EU drops by 20% YoY to 11,300 tons

Between July and September 2019, Cameroonian loggers exported only 11,300 tonnes of logs to the European Union market. According to the International...
Monday 18 November 2019Energy

Belgian and Czech delegations announce their interest in Cameroon’s energy sector

On November 14, 2019, two Belgian and Czech delegations were received at Cameroon’s Ministry of Water and Energy. At the end of the two audiences granted...
Monday 18 November 2019Public management

Port of Kribi: French Navy command and supply ship BCR “Somme” docks in prelude to naval exercise in the Gulf of Guinea

As a prelude to a naval exercise currently being prepared in the Gulf of Guinea, the French Navy command and supply ship BCR “Somme” recently docked at...
Monday 18 November 2019Economy

Cameroon: Business death rate was 36% in 2009-2016, the INS reveals

The Cameroonian national institute for statistics INS recently published a report on the second business census covering the 2009-2016 period. This report...
Friday 15 November 2019Economy

Cameroon: State-owned postal firm Campost happy about initial impacts of the government-backed restructuration plan

The 2019-2021 contract plan, between Cameroon Postal Services (CAMPOST) and the government, for the restructuration of this state-owned firm, is being...
Friday 15 November 2019Finance

Cameroon: Glass factory Socaver boosts production capacity with XAF5.3 bln investment

Today, November 15, 2019, Cameroonian minister of industry Dodo Ndocké is inaugurating the new facilities of local glass-making company SOCAVER in Douala,...
Thursday 14 November 2019Energy

Cameroonian footballer Jean II Makoun partners with Upowa to promote solar energies

On 13 November 2019, Cameroonian footballer Jean II Makoun signed a partnership agreement with the Franco-Cameroonian company Upowa to promote renewable...
Thursday 14 November 2019Agriculture

Cameroon: A 100-kg bag of onion now sold at XAF120,000 in Yaoundé, more than six times its former price

In Yaoundé, onions have become luxury products. Indeed, recently, the price of this product has doubled and nearly reached triple of its former price....
Thursday 14 November 2019Public management

Trade and Investments: The US largely outrun by China in Cameroon, in 2018

The task is likely to be complicated for the United States, which wants to become Africa's leading economic and trade partner, a rank currently taken by...
Thursday 14 November 2019Public management

Cameroon: Government submits penal code amendment, punishing tribalism, before parliament

During the November 2019 budget session, the Cameroonian parliament will review a draft amendment to the Penal Code. The purpose of this amendment is to...
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Thursday 14 November 2019Insurance

Morrocan Wafa Assurance extends its footprint in Cameroon with acquisition of Pro Assur

On November 12, 2019, Moroccan insurance firm Wafa Assurance officially announced the finalization of the acquisition of the Life and non-life divisions...
Wednesday 13 November 2019Public management

Paris Peace Forum: Paul Biya explains the background of the Anglophone crisis

Invited by his French peer, Emmanuel Macron, to participate in the Paris Peace Forum 2019 (November 11 to 13), Cameroonian President Paul Biya actively...
Tuesday 12 November 2019Public management

Security challenges and the May 2019 fire at Sonara slowed Cameroon's 2019 economic growth (+3.9%)

On November 8, 2019, at the end of the 5th review of its three-year economic and financial programme (2017-2019) with Cameroon, the International Monetary...
Tuesday 12 November 2019Public management

Cameroon: Legislative and municipal elections scheduled for February 9, 2020

In a decree published on 10 November 2019, Paul Biya, president of Cameroon, summoned the Cameroonian electorate for a double vote, on 9 February 2019,...
Tuesday 12 November 2019Finance

Cameroon to raise XAF20 bln on BEAC’s debt market on Nov 13, 2019

On 13 November 2019, the Cameroonian public Treasury will issue 26-weeks fungible Treasury bills on Beac's security market. According to an official...
Tuesday 12 November 2019Investment

Investment fund Africa50 interested in the Cameroonian gas and airport sectors

On the sidelines of the 2nd Africa Investment Forum organized by the African Development Bank (AfDB), from 11 to 13 November in Johannesburg, South...
Tuesday 12 November 2019Mining

Oil & gas: Cameroon lost XAF314 billion of revenues in 2017

In 2017, the Cameroonian public treasury lost at least XAF314.6 billion of revenues in the hydrocarbon sector, according to a report published by the...
Monday 11 November 2019Finance

CEMAC: BEAC commits to easing new exchange regulation for oil companies

“In an effort to establish a constructive dialogue and resolve differences of interpretation, Mr Abbas Mahamat Tolli (photo) invited extractive industry...
Monday 11 November 2019Economy

Crédit du Sahel-backed UNHCR programme plans to empower 2,500 refugees in Cameroon

In Cameroon, the UNHCR has launched a refugee empowerment programme aimed at funding income-generating activities initiated by refugees living in...
Friday 8 November 2019Sport

Cameroon: FECAFOOT invited to elaborate draft scale for bonuses to be paid to national teams for major sporting competitions

"Draft scale of bonuses to be paid to Cameroon's national football teams"; This is the subject of the letter sent by the country’s minister of sports...
Friday 8 November 2019Telecom

Cameroon: The telecom regulator plans to audit operators’ turnover

Philemon Zo'o Zame (photo), managing director of Cameroon’s telecommunications regulator, just issued a call for expression of interest to recruit a firm...
Friday 8 November 2019Public management

Afreximbank to open its branch in Cameroon to cover the Central African region

The information has not received much publicity but, it means a lot for Cameroon. Indeed, on October 29, 2019, Félix Mbayu, Minister Delegate at the...
Friday 8 November 2019Public management

Cameroonian Joseph Belibi appointed acting speaker of OIF’s court of first instance

The Cameroonian high judge Joseph Belibi was appointed Acting Speaker of the Court of First Instance of the International Organisation of the Francophonie...
Thursday 7 November 2019Public management

Cameroon: GICAM reorganizes its arbitration centre to adapt it to the international environment

Today, November 7, 2019,  Célestin Tawamba (photo), president of  Groupement inter-patronal du Cameroun (Gicam), Cameroon’ss largest employers'...
Thursday 7 November 2019Agriculture

Cameroon: Banana exports up by 661 tons YoY in October 2019

Banana exporters operating in Cameroon were more dynamic in October 2019, compared to their performance in October 2018. According to data compiled by the...
Thursday 7 November 2019Public management

Cameroon: The International Labour Office assesses the achievements of a Youth Entrepreneurship Promotion Programme it backed

François Murangira, the International Labour Office’s country director for Cameroon, Equatorial Guinea, and Sao Tome &Principe conducted a tour from...
Thursday 7 November 2019Public management

Cameroon: 6th edition of livestock fair to be held on Nov 8-10 in Ngaoundéré

The 6th edition of Cameroon’s Livestock Fair will be held from 8 to 10 November 2019 in Ngaoundéré, the capital city of the Adamaoua region, under the...
Thursday 7 November 2019Public management

Douala-Bonabéri: Towards the dematerialization of ship calling procedures

Starting from 1 January 2020, all procedures related to ship calls at the port of Douala-Bonabéri will be carried out online via the website...
Wednesday 6 November 2019Economy

Cameroon provides XAF600 mln in the Western region to boost livestock productivity

In Cameroon, XAF622 million has been recently provided to poultry farmers, beekeepers, aquaculturists and other cattle and goat farmers in the Western...
Wednesday 6 November 2019Public management

Cameroon: 4.2% GDP growth recorded in Q2, 2019

In Q2, 2019, Cameroon’s economic growth was 4.2% of GDP, according to the national institute for statistics’ latest analysis of the country’s accounts....
Wednesday 6 November 2019Public management

Cameroon generated XAF72.5 mln of forest revenue surplus in 2016-2019 thanks to reports through the certified SNOIE scheme

From 2016 to 2019, reports of illegal logging made through the ISO 9001-2015 certified Standard External Independent Observation System (SNOIE) helped the...
Wednesday 6 November 2019Public management

U.S. Commitment to Cameroon remains strong despite the change in AGOA Status (press release)

The U.S. Embassy in Cameroon published a release following President Donald Trump's expressed desire to end Cameroon's trade benefits under the African...
Wednesday 6 November 2019Public management

Cameroon: 76% of export revenues generated by 6 products in 2018

Most of Cameroon’s exports are still constituted of a reduced number of products. Indeed, according to figures published by the national institute for...
Tuesday 5 November 2019Public management

Cameroon borrows XAF12.6 bln from Deutsche Bank Spain to develop the Yaoundé municipal lake

On November 4, 2019, Cameroonian President Paul Biya issued two decrees habilitating the Minister of Economy to sign two credit agreements for a total...
Tuesday 5 November 2019Public management

Afrique Media suspended in Cameroon for broadcasting harsh criticisms against Alassane Ouattara

Cameroonian authorities just suspended TV channel Afrique Media and asked the national association of cable operators to remove the channel, “without...
Tuesday 5 November 2019Infrastructures

Cameroon to launch XAF18 bln water supply and sanitation project in 2020 to improve access to drinking water

In 2020, the rural water supply and sanitation project will launch works to provide drinking water to 60 Cameroonian villages. This was revealed during...
Tuesday 5 November 2019Sport

Next CAF African Nations Championship to be held in Cameroon on April 4-25, 2020

After some hesitation about the date, following Cameroon's request to host the competition in June, the Confederation of African Football (CAF) has...
Tuesday 5 November 2019Telecom

Camtel turns to Russian Infinet Wireless for the modernization of its infrastructures

Camtel, Cameroon's incumbent telecommunications operator, has chosen the technologies of the Russian company Infinet Wireless, which provides...
Monday 4 November 2019Public management

SONARA: Chairman and board members’ allowances to be adjusted

Shareholders of Société Nationale de raffinage S.A. (Sonara), Cameroon's only refinery ravaged by a fire outbreak on May 31, 2019, are invited to a...
Monday 4 November 2019Public management

Vietnam moves to strengthen its presence in Cameroon

Last week, Voung Dinh Hue, Vietnam's Deputy Prime Minister, led a large delegation of Vietnamese economic operators to Cameroon. On 1 November 2019, the...

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