Cameroon: Banana exports dropped by about 19.5 k tons YoY in Jan-Sep 2020
Banana exporters in Cameroon exported 136,048 tons of the products between January and September 2020, according to data compiled by the Banana...
Cameroon: Three additional cocoa Post-Harvest Treatment Centres of Excellence to be built in 2021
Cameroon’s sixth cocoa Post-Harvest Treatment Centre of Excellence is scheduled to be inaugurated today October 22, 2020, in Ntui (a cocoa producing area...
Smuggled ancient carved stones will be repatriated to Cameroon, US customs indicates
US Customs, on October 20, 2020, announced that they seized ancient carved stones from Cameroon known as Ikom monoliths at the airport of...
Cameroon: Consumer association P2CE warns of probable rise in beer prices in 2021
On October 17, Plateforme camerounaise du commerce equitable-P2CE (an association of consumer rights protection groups) issued a press release warning...
Camwater announces XAF1.8 bln of net profit for FY2019, up by 79% YoY
Cameroon Water Utilities Corporation (CAMWATER) announces that for the 2019 financial year, it recorded XAF1.8 billion of net income. This means the...
Cameroon injected over XAF16 bln into Camair Co within 3 months
On October 18, 2020, Camari Co resumed its operations by only offering domestic flights per the Head of State’s wish. This activity resumption occurred...
Cameroon inaugurates two new Post-Harvest Treatment Centres of Excellence in the central region
Today October 20, 2020, Cameroon’s Minister of Trade, Luc Magloire Mbarga Atangana, and his peer in charge of agriculture and rural development, Gabriel...
CEMAC: Cameroon to seek XAF35 bln on the BEAC market on Oct 21, 2020, by issuing 10-year bonds
Tomorrow October 21, 2020, the Cameroonian public treasury will issue 10-year bonds, backed by a 7% interest rate, to raise XAF35 billion on the money...
Cameroon: Port of Kribi generated XAF8 bln of non-oil customs revenues in Sep 2020
The autonomous Port of Kribi (PAK) informs that it generated XAF8 billion of non-oil customs revenues in September 2020. "We reached the cap of XAF1...
Cameroon plans to set up a digital platform to boost the use of legal woods
In early October 2020, the Center for International Forestry Research (CIFOR) and the Cameroonian Ministry of Forestry and Wildlife (MINFOF) launched a...
Ambition Africa 2020: Business France Douala offers to guide Cameroonian firms
The French embassy in Cameroon informs Cameroonian companies seeking French partners and suppliers that the 2020 edition of Ambition Africa will...
Huawei ICT Competition 2020: Cameroon to represent Africa in the world finals
On October 16, 2020, Huawei published the list of the five African talents that will participate in the world finals of the 2020 edition of Huawei ICT...
Camair Co finally resumes operations
Camair Co finally resumed its domestic flights on October 18, 2020, after 8-months of suspension. The state-owned carrier is resuming operations after two...
Cameroon increased .cm users by 65% in Jul-Oct 2020 by slashing registration fees
ANTIC (Cameroon’s national agency for information and communication technologies) informs that between July 1 and October 1, 2020, it recorded 21,476 new...
Cameroon: Growth decelerated in the construction segment in 2019, the INS indicates
During the year 2019, the Construction and Public Works (BTP) segment continued to play an important role in GDP growth in Cameroon's secondary sector...
Cameroon: Tax revenues exceeded targets by 4% in H1-2020 despite the coronavirus pandemic
Cameroon Collected XAF946.3 billion of tax revenues in H1-2020, according to the budget implementation report published by the Ministry of Finance....
Cameroon lost XAF84.2 bln of tax revenues in 2019 because of the Sonara fire outbreak (MINFI)
The fire outbreak at Sonara’s plant on May 31, 2019, has had significant impacts on the revenues collected by the general directorate of taxes. According...
Cameroon launches the commissioning phase of a new gas platform offshore Kribi
The National Hydrocarbon Company (SNH) informs that a new gas platform "Sanaga 2" has been launched offshore Kribi (where the floating natural gas...
CEMAC: BDEAC advertised 12 integrating projects to investors during the Paris Infraweek
During the Paris Infraweek, a delegation of the Central African Development Bank (BDEAC) invited investors to take advantage of the business opportunities...
BVMAC: Leading shareholder BGD sells its stakes
On October 8, 2020, the Central African Stock Exchange (BVMAC) held an ordinary meeting of its board of directors. During the session, Gabon Development...
Sogea-Satom launches the construction of engineering structures on the Olama-Bigambo road
French firm Sogea-Satom recently announced that it has launched the construction of engineering structures on the Olama-Bigamdo (106 km) road. The said...
Solange Yana becomes CEO of Wafacash Central Africa
Société Camerounaise de Banque (SCB) informs that Cameroonian Solange Yana (formerly the chief operating officer of Wafacash Central Africa) is the new...
Cameroon: Saved from bankruptcy by the State, Commercial Bank-Cameroon is regaining its momentum
On October 7, 2020, Cameroon’s public treasury successfully raised XAF35 billion on the CEMAC money market. 37.5% of the envelope (XAF13 billion) came...
Cameroon missed the 2019 budget revenue collection target by 6.4%
Cameroon generated XAF5,054.8 billion of budget revenue in 2019, according to the budget implementation report recently published by the Ministry of...
Cameroon loses XAF1.2 bln yearly in paying undue accommodation allowances (MINFI)
Cameroon loses XAF1.2 billion every year because of housing fraud. According to the Ministry of Finance (which discovered the problems during a recent...
Cameroon: Domestic debt service dropped by 20% YoY to XAF536.2 bln, in 2019 (MINFI)
Cameroon serviced XAF536.2 billion of domestic debt in 2019, according to the report on budget implementation recently published by the Ministry of...
Cameroon: Oil revenues rose by 16.8% YoY to XAF584.5 bln in 2019 (MINFI)
Cameroon collected XAF584.5 billion of oil revenues in 2019, according to the report on budget implementation recently published by the Ministry of...
Cemac: Public debt stabilized at 46% of GDP despite a rise in external debt in Q1-2020 (BEAC)
Despite CEMAC countries’ increased recourse to foreign loans (which represented 32.7% of their GDP in Q1-2020, slightly up from 31.4% of GDP in Q1-2019),...
Cameroon: Expenditure budget dropped by 3.7% YoY to XAF2,117 bln in H1-2020 (MINFI)
The volume of Cameroon’s budget expenditures reached XAF2,117.1 billion in H1-2020, according to the Ministry of Finance. Compared with the XAF2,197.1...
Camair-Co postpones domestic flights resumption to October 16, 2020
Public airline Camair-Co recently announced that it would resume today October 12, 2020 (after 8 months of activity suspension). But, it was unable to do...
Cameroon: Minpostel to examine non-tax earning niches worth exploiting in 2021
During the conferences organized in September 2020, by the Ministry of Finance to improve the budgeting of non-tax earnings, the Ministry of Posts and...
Cameroon: Customs revenues were down by 16.4% YoY to XAF300.7 bln in H1-2020 (MINFI)
Cameroon generated XAF300.7 billion of customs revenues in H1-2020, according to the budget implementation report recently published by the Ministry of...
Cameroon: Debt service dropped by 6.2% YoY to XAF408.5 billion in H1-2020
Cameroon’s debt service was estimated at XAF408.5 billion in H1-2020, according to the H1 budget implementation report recently published by the Ministry...
Cameroon: Oil revenues dropped by 28% YoY to XAF197 bln in H1-2020
In H1-2020, Cameroon collected XAF197.1 billion of oil revenues, according to figures published by the Ministry of Finance (Minfi). The revenues are down...
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Police officer suspended for non-compliance with Covid-19 restriction measures
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