Yaoundé - 09 December 2023 -

President Paul Piya wants Camtel to remain a public entity

Cameroon’s President Paul Biya opposes the privatization of the country’s incumbent telecoms operator, Camtel. The decision was the subject of a letter...
Thursday 7 December 2023Construction

Cameroon plans to build 550 new housing units in Douala and Yaoundé in 2024

Cameroon’s PM Joseph Dion Ngute announced the government’s plan to build 550 new housing units in the cities of Douala and Yaoundé next year. He was...
Thursday 7 December 2023Finance

Bvmac introduces its first market index, the Bvmac ASI

On December 1, 2023, a committee in Douala, Cameroon, selected the name for the inaugural stock index of the Central African Securities Exchange (Bvmac),...
Thursday 7 December 2023Public management

Cameroon's trade dynamics in ECCAS: opportunities and challenges

From 2019 to 2022, nations in the Economic Community of Central African States only captured 6.3% of Cameroon's exports, well below the 10% and nearly...
Tuesday 5 December 2023Public management

Cameroon plans to allocate CFA508bn to roadworks in 2024

The Minister of Public Works, Emmanuel Nganou Djoumessi, suggests a budget of CFA569.1 billion for 2024, up from the CFA491.4 billion this year.  As...
Tuesday 5 December 2023Agribusiness

Cameroon introduces online customs declarations for air passengers starting in 2024

The Cameroonian government is launching a mobile app for non-intrusive air passenger control. In a December 1 statement, Edwin Fongod Nuvaga, the...
Tuesday 5 December 2023Public management

Cameroon sees 2.8% consumption growth amid 8% inflation (INS)

In its second-quarter 2023 report on national accounts, the National Institute of Statistics (INS) reveals a 2.8% rise in final consumption in Cameroon,...
Tuesday 5 December 2023Infrastructures

Cameroon’s govt inaugurates key road for Cimencam's Nomayos plant

The Cameroonian Minister of Public Works, Emmanuel Nganou Djoumessi, officially inaugurated the 5.5 km (2x2 lanes) road serving cement producer Cimencam’s...
Tuesday 5 December 2023Agriculture

Cameroon’s coffee gains popularity in the Maghreb and Eurozone

Cameroon is still a small player in coffee production and marketing on the global market. Despite holding the 54th position worldwide in sales volume,...
Friday 1 December 2023Finance

Paris roundtable: CEMAC surpasses funding target with €9.2bn for regional integration projects

The funds pledged exceed the regional institution's initial target of €8.8 billion to finance infrastructure projects aimed at enhancing regional...
Thursday 30 November 2023Health

South Korea spends CFA8.5bn to expand the Yaoundé Emergency Center in Cameroon

South Korea has pledged CFA8.5 billion to finance the expansion of the Yaoundé Emergency Center (Cury), a reference for emergency medical care in...
Wednesday 29 November 2023Public management

Afriland First Bank renews Promote partnership, boosting SMEs on the global stage

Pierre Zumbach, the high counselor attached to the presidency of the Inter-Progress Foundation, the organizing body behind the Yaoundé International...
Wednesday 29 November 2023Agriculture

Cameroon: An impactful minor player in global trade

Last year, Cameroon only covered 0.002% of the global market share, according to the report just released by the Competitiveness Committee, a specialized...
Tuesday 28 November 2023Public management

Cameroon: CNCC and APME equip 150 agri-food SMEs in Douala

The National Council of Shippers of Cameroon (CNCC) and the Agency for the Promotion of Small and Medium-sized Enterprises (APME) provided equipment to...
Tuesday 28 November 2023Public management

Cameroon grapples with persistent inflation at 7.7%, double the regional tolerance limit

Cameroon’s national stats agency INS issued a report indicating that the country’s average annual inflation rate in October 2023 reached 7.7%. Although...
Monday 27 November 2023Public management

Customs resume goods auctions at the port of Kribi after a two-year break

An auction of goods will be held at the port of Kribi on December 8, according to a November 21 press release signed by Norbert Belinga, head of customs...
Monday 27 November 2023Agriculture

Cameroon's stakeholders finalize creation of cotton interprofession

From November 23 to 26, 2023, stakeholders in the cotton sector, including the Cotton Development Company (Sodecoton), the National Confederation of...
Monday 27 November 2023Public management

Douala Port Authority boosts efficiency with the arrival of eight new gantry cranes

The Container Terminal Management (RTC) of the Port Authority of Douala (PAD) received the last four Rubber Tyred Gantry (RTG) mobile gantry cranes on...
Monday 27 November 2023Finance

Cameroon's tax authority launches digital assistance platform for real-time tax support

Cameroon’s General Tax Directorate announced it is launching a digital assistance platform next December 1st. Called "Help Desk,” this platform is...
Monday 27 November 2023Finance

Cameroon’s new bond: Investors hold steady despite slow start in trading

During its second trading day on November 24, 2023, 24 hours after being listed on the Central African Securities Exchange (Bvmac), the Cameroon...
Monday 27 November 2023Agriculture

Poultry industry in Cameroon faces disagreements over chicken pricing

The Cameroon Poultry Interprofessional Association (Ipavic) sent a letter on October 23 to sector players, informing them of its intention to standardize...
Friday 24 November 2023Public management

Cameroon: Unreliable Barcodes Hinder Market Access for Local Products

The barcodes printed on some local products in Cameroon are unreliable, sources at the Ministry of Commerce and the Standards and Quality Agency (ANOR)...
Friday 24 November 2023Health

Cameroonian Startup Waspito Secures XAF1.5 Billion to Expand Footprint

Waspito, a Cameroonian startup specializing in telemedicine services, has raised $2.5 million (XAF1.5 billion) from investors, announced Jean Lobe...
Thursday 23 November 2023Energy

Cameroon initiates talks with Actis for Eneo stake acquisition

Cameroon has announced the forthcoming opening of formal negotiations with Actis for the acquisition of the British investment fund's 51% stake in Energy...
Thursday 23 November 2023Finance

Unlocking housing finance: Apeccam focuses on solutions for Cameroon’s real estate challenges

The second edition of the Finance Mornings, organized by the Professional Association of Credit Institutions in Cameroon (Apeccam), is set to take place...
Thursday 23 November 2023Energy

Eneo advances solar hybridization with 4 MWp mini solar plants

Eneo continues its efforts in hybridizing isolated thermal power plants (dedicated to specific localities) as part of an initiative started in 2018. The...
Thursday 23 November 2023Energy

Nachtigal dam: NHPC reassures the public concerning the cracks and water leakage reported

The recent findings from the Electricity Sector Regulatory Agency (Arsel) mission, conducted on August 11, 2023, at the Nachtigal hydroelectric dam...

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