News - Business in Cameroon

Mathurin Kamdem: The Douala Grand Mall “has helped us, African entrepreneurs, overcome our complexes a little more”

Eighty (80) billion CFA Francs. That is the total amount for the "Douala Grand Mall & Business Park," a gigantic business, trade, and leisure center,...

Business in Cameroon n96:January 2021

Investir au Cameroun n106 Janvier 2021

Friday 26 February 2021Economy

Cameroon: Towards the development of a customs/Ministry of Transport collaborative platform to identify uncleared cars already in use

Cameroonian customs authorities announce that they will soon introduce a feature to their IT platform Cosmos to help identify cars being used without...

Friday 26 February 2021Finance

Cameroonian fintech Diool raises XAF1.8 bln to develop digital payment services

The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop...

Friday 26 February 2021Energy

Belgium seeks facilities for the importation of solar power plants to Cameroon

On February 16, during an audience at the Cameroonian Ministry of Finance, Stéphane Dopagne, ambassador of the kingdom of Belgium, asked for facilities...

Friday 26 February 2021Economy

Public contracts: MINMAP denounces unlawful requests for mutual agreements and direct labour procedures authorizations

On February 15, 2021, the Ministry of Public Contracts (MINMAP) published a circular letter reminding project owners and delegated project owners...

Thursday 25 February 2021Finance

Chad-Cameroon pipeline: Cameroon reportedly offered XAF150 bln for Chadian stake

On February 24, 2021, online daily Africa Intelligence revealed that The National Hydrocarbons Corporation (SNH) of Cameroon offered XAF150...

Thursday 25 February 2021Infrastructures

Cameroon announces XAF60 bln for the construction of the 2nd Dibamba river bridge

The Cameroonian Ministry of Public Works is currently preparing a project for the construction of a second bridge over the Dibamba river, according to...

Thursday 25 February 2021Finance

Orange Cameroon posts XAF216.38 bln turnover in 2020, up 5.16% YoY

Orange Cameroon generated a turnover of €329 million (XAF216.38 billion) in 2020, according to the financial results recently published by the...

Thursday 25 February 2021Agriculture

Martin Mindjos Momeny becomes president of the chamber of agriculture, fisheries, livestock, and forestry

On February 24, 2021, President Paul Biya signed a decree appointing Martin Mindjos Momeny as president of the chamber of agriculture,...

Thursday 25 February 2021Infrastructures

Yaounde-Douala highway: Service providers estimate government’s unpaid bill at XAF33 bln

Currently, operators in charge of the construction of the 60-km Yaoundé-Douala highway are owed XAF33.39 billion. This is an estimate the said operators...

Thursday 25 February 2021Economy

Cameroon and Algeria sign bilateral air transport agreement

On February 24, 2021, in Yaoundé, Cameroon’s Minister of Transport Jean Ernest Ngallé Bibéhé and Algeria’s ambassador to Cameroon signed a...

5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2

Wednesday 24 February 2021Agriculture

Cameroon: Cocoa farm gate prices improve slightly to XAF1,000-1,050 per kilogram

Today February 24, 2021, the price of a kilogram of cocoa beans is ranging between XAF1,000 and 1,050 in production areas in Cameroon, according to SIF,...

Wednesday 24 February 2021Energy

Cameroon: the Mbakaou mini hydropower plant will be delivered in June 2021, IED Invest says

In an official document published on February 22, 2021, independent energy electricity producer IED Invest Cameroon informs that in June...

Wednesday 24 February 2021Economy

Cameroon: Civil servants can now request tax registration certificates through the e-bulletin platform (MINFI)

Cameroonian civil servants can now request tax registration certificates through e-bulletin, the official platform where payslips are obtained. This was...

Wednesday 24 February 2021Finance

Cameroon moves for eligibility to the World Bank’s Prevention and Resilience Allocation mechanism

On February 23, 2021, in Yaoundé, the Minister of Economy Alamine Ousmane Mey launched the consultations initiated to develop the inclusive strategy...

Wednesday 24 February 2021Finance

Cameroon: In 2020, the government recovered XAF12.2 bln of salaries wired into deceased civil servants’ accounts

In 2020, Cameroon recovered XAF12.2 billion of salaries paid into deceased civil servants’ accounts from the banks and microfinance institutions that were...

Wednesday 24 February 2021Finance

CEMAC: Cameroon to raise XAF225 bln on the public securities market in H1-2021

The Cameroonian public treasury plans to raise XAF225 billion on the BEAC public securities market via the issuance of long-term securities in H1-2021....

Tuesday 23 February 2021Public management

Air Senegal to launch Dakar-Douala route on March 29, 2021

In March 2021, Senegal’s state-owned airline Air Senegal will launch three new African routes. According to Ernest Dikoum (the airline's...

Tuesday 23 February 2021Public management

Cameroon suspends the installation of GPS on trucks that transport goods to the Central African Republic

Cameroon's Minister of Transport, Jean Ernest Ngalle Bibéhé Massena, and his Central African counterpart Arnaud Abazene Djoubaye recently chaired, in...

Tuesday 23 February 2021Economy

Cameroon: The EU issues "yellow card" for gaps in the fight against illegal, unreported and unregulated fishing

The European Commission issued a warning or " yellow card" , as it is called, to the State of Cameroon due to gaps in meeting the standards...

Monday 22 February 2021Public management

Olembe Sports Complex: A new decree authorizing additional credit agreement sparks fund misappropriation suspicions

The general public in Cameroon is currently questioning the use of the XAF163 billion raised for the construction of the Olembe Sports Complex in Yaounde....

Monday 22 February 2021Agriculture

Cameroon: The National Cereals Board commits XAF4.3 bln to fight hunger in the northern regions in 2021

The National Cereals Board of Cameroon (a public corporation that helps combat hunger in the three northern regions where the climate is harsh and...

Monday 22 February 2021Agriculture

Cameroonian food sovereignty activist Bernard Njonga passes on

On the night of February 21-22, 2021, Bernard Njonga, the agricultural engineer who became famous for his fight for food security in Cameroon, died...

Monday 22 February 2021Economy

Cameroon: Industrial producer price index recorded a 0.7% rise in Q3-2020

The National Institute of Statistics (INS) recently published its note on the Q3-2020 Industrial Producer Price Index (IPPI) which describes the...

Friday 19 February 2021Economy

Tradex reinforces its Central African expansion with the inauguration of its first filling station in Equatorial Guinea

The Equatorial Guinean Head of State, Teodoro Obiang Nguema Mbasogo, officially inaugurated the Cameroonian oil company Tradex’s first filling station in...

Friday 19 February 2021Economy

Camair Co offers a 10% discount on the northern routes, its largest domestic market

State-owned airlines, Cameroon Airlines Corporation (Camair Co) announces a 10% discount on its fares for the three northern destinations...

Friday 19 February 2021Public management

Cameroon: Government distributes 164 heifers, imported from France, to boost milk production

On February 17th, 2021, Minister of Livestock Dr. Taïga signed a decree authorizing the distribution of pregnant heifers (imported from...

Friday 19 February 2021Economy

The CEMAC commission makes a plea for the development of the common services market

On February 16th, 2021, Daniel Ona Ondo (photo), President of the CEMAC Commission made a plea for the reinforcement of the single subregional...

Friday 19 February 2021Economy

Cameroon: Turkey renews talks for its national airlines’ project to make Maroua a sub-regional hub

Eight years after the project was first discussed, Turkey recently relaunched discussions with Cameroon for Turkish Airlines project to make Maroua (the...

Thursday 18 February 2021Finance

Cemac : Commercial banks captured over XAF1,000 bln liquidity this year, BEAC reveals

In the CEMAC region, commercial banks are increasingly appealing to the liquidity injection operations restarted by the central bank - BEAC because of the...

Thursday 18 February 2021Infrastructures

Cameroon to sign a XAF88.8 bln credit agreement for the finalization of the East entrance to Douala reconstruction project

The Cameroonian Head of State, Paul Biya, recently empowered Minister of Economy, Alamine Ousmane Mey to sign, on behalf of Cameroon, a XAF88.8...

Thursday 18 February 2021Public management

Port of Kribi organizes hackathon to become a smart port

In March 2021, the Port Authority of Kribi will organize a hackathon to select the best operational IT solutions to the themes identified by the PAK as...

Thursday 18 February 2021Economy

Cameroon: General customs directorate limits access to customs offices to promote the use of CAMCIS and e-GUCE

In a memorandum signed on January 27th, 2021, Fongod Edwin Nuvaga, Director General of Cameroon Customs, restricted access to customs offices and the...

Wednesday 17 February 2021Finance

Cameroon: African Guarantee Fund signs XAF5 bln credit line guarantee to boost Afriland First Bank’s credit to local SMEs

On February 16th, in Nairobi, Kenya, the African Guarantee Fund-AGF (a fund aimed at unlocking the potential of African SMEs), signed an agreement...

Wednesday 17 February 2021Economy

Cameroon: Sport hunting revenues dropped by over XAF620 mln YoY due to the coronavirus pandemic

On February 16th, Minister of Forestry and Wildlife, Jules Doret Ndongo, launched the 2021 National Hunting Season (the period during which tourists are...

Wednesday 17 February 2021Infrastructures

Integrating projects: CEMAC moves to the effective mobilization of the funds committed at the Paris roundtable

On February 15th, in Douala, a session of the technical commission in charge of monitoring the mobilization of financial resources for the implementation...

Wednesday 17 February 2021Economy

Cameroon: The IMF organizes a technical assistance mission to improve financial governance and supervision in public corporations

The International Monetary Fund (IMF)’s Fiscal Affairs Department will conduct a technical assistance mission in Cameroon from February 15th – 26th, 2021....

Tuesday 16 February 2021Infrastructures

Cameroon: Italian company Seas signs commercial contract for the construction of 70-km Olounou-Oveng road linking to Gabon

On February 15th, in Yaoundé, Minister of Public Works (Mintp), Nganou Djoumessi Emmanuel signed a commercial contract with Italian company Seas...

Tuesday 16 February 2021Public management

Douala-Bangui corridor: CSPH build filing station in Garigombo to facilitate transporters’ access to fuel on the corridor

On February 12th, 2021, Minister of Commerce Luc Magloire Mbarga Atangana who is also the Chairman of the Board of Directors of the Hydrocarbons Prices...

Tuesday 16 February 2021Economy

Cameroon: Atlantic Group to build a 1-mln cement plant in Kribi

In the next few months, Atlantic Cement (owned by Ivorian business mogul, Kone Dossongui’s Atlantic Group) will launch the construction of its cement...

Tuesday 16 February 2021Economy

Douala-Bangui corridor: Towards the construction of living centers for transporters to reduce road accidents along the corridor

Cameroon National Shippers' Council (CNCC) plans to build a living center in Ngoulentang (between Awaé and Ayos in the central region of Cameroon) on the...