Yaoundé - 24 October 2021 -

Exports: PHP to start generating more revenues as early as January 2022 thanks to a Fairtrade decision

In January 2022, the export prices of local banana producer Plantations du Haut Penja (PHP) will increase. This price increase is the result of a decision...

Friday 22 October 2021Farming

Westend Farms inaugurates its Ndokoa integrated pork production and commercialization center

On October 20, 2021, Minister of Livestock, Dr. Taiga officially inaugurated the integrated pork production and marketing center built by Westend Farms,...
Friday 22 October 2021Forest

Cameroon: BEAC forecasts revival of sales and production in the logging sector

After a challenging environment in 2020, due to the coronavirus pandemic, the recovery observed in Cameroon's economic landscape since the beginning of...
Friday 22 October 2021Economy

Cameroon announces public accounting and budgeting reform to improve management transparency and prevent accumulation of payment arrears

 In January 2022, Cameroon will begin to experiment with a new accounting reform called accruals-based accounting and budgeting in the framework of...
Thursday 21 October 2021Public management

Universal Health Coverage: SUCAM could launch pilot phase in H1-2022

The pilot phase of the Universal Health Coverage (UHC), expected in Cameroon since 2018, will finally start in the first half of 2022.  This timeline...
Thursday 21 October 2021Finance

Cameroonian-born John Mokom takes over the management of Standard Chartered Côte d'Ivoire

Cameroonian-born John Ngu Mokom was recently appointed Managing director of Standard Chartered Bank Côte d'Ivoire, the only fully digital bank in the...
Thursday 21 October 2021Public management

OAPI: Dismissed director-general Denis L. Bohoussou contests his suspension

Denis L. Bohossou (Photo) recently issued a release contesting his suspension as Director-General of the Yaounde-based African Intellectual Property...
Thursday 21 October 2021Public management

CEMAC: Cameroon disburses XAF101.9 bln as installments for 2016-2021 & 2018-2023 bonds

Cameroon recently disbursed the last installment of its "ECMR 5.5% Net 2016-2021." According to the communique published on October 20, 2021, by the Bank...
Wednesday 20 October 2021Energy

EDF Pulse Africa 2021: Energy Clever to represent Cameroon at the grand final in Paris

Energy Clever, the startup founded by Cameroonian electrical engineer Naomi Dinamona (photo) will represent Cameroon at the grand final of the EDF Pulse...
Wednesday 20 October 2021Agriculture

Rubber production: Revival of economic demand could stimulate local production in Q4-2021, despite CDC’s woes (BEAC)

In Cameroon, the activities of rubber producers and transformers could be more dynamic in Q4-2021 than it was in the previous quarter. The forecast was...
Wednesday 20 October 2021Economy

Cameroon: EU estimates national tree cover losses to be 3 times the size of Yaoundé yearly

In Cameroon, the tree cover loss has been increasing over the past ten years, according to a recent document published by the European Union delegation....
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Wednesday 20 October 2021Economy

Germany currently has a XAF215.4 bln project portfolio in Cameroon

Currently, the Federal Republic of Germany’s project portfolio in Cameroon is about €329.1 million or XAF215.4 billion. The figure was revealed by...
Tuesday 19 October 2021Energy

Cameroon: Crude oil sales forecasted to drop in Q4-2021 despite the rise in production

Between October and December 2021, three CEMAC countries are expected to contribute to the rise in the region’s oil production. According to the quarterly...
Tuesday 19 October 2021Energy

Cameroon: Perenco appoints a new MD for its local subsidiary

Armel Simondin is the new Managing Director of Franco-British oil company Perenco’s subsidiary in Cameroon, according to National Hydrocarbons Corporation...
Tuesday 19 October 2021Public management

Cameroon: BEAC forecasts drop in cocoa production in the 2021/2022 season

Cameroon could see its cocoa production drop during the 2021-2022 campaign, the BEAC reports in its recent quarterly business survey.   “The...
Tuesday 19 October 2021Finance

SONARA: Cameroon expects restructuring plan with oil traders after recent agreement with local banks

After the restructuring of the debt owed by state refinery SONARA to nine local banks last October 15, the Cameroonian government hopes it can reach a...
Tuesday 19 October 2021Agriculture

Cameroon: BEAC expects palm oil production to drop in Q4-2021

In Q4-2021, palm oil production would drop in Cameroon, according to the quarterly business survey “ test prévisionnel de conjoncture” recently published...
Monday 18 October 2021Health

Slow at first, sales of Arthur Zang’s Cardiopad is rising at an exponential rate in Cameroon

Since 2016 when it launched the commercialization of Cardiopad, the first African medical tablet, Himore Medical has equipped 267 health centers in...
Monday 18 October 2021Finance

Henri-Claude Oyima: “We will show the determination and commitment of the BGFIBank group (...) to make BGFIBank Cameroon the spearhead of the national economy”

Around a decade after starting operations in Cameroon, BGFIBank began, last month, building its social headquarters in the country. The 8-floor building...
Monday 18 October 2021Economy

Cameroon: Chamber of Commerce CCIMA announces a Brazilian economic mission for next Oct 25-30

In the framework of an economic mission, a group of Brazilian economic operators will sojourn in Cameroon next October 25-30, according to correspondence...
Monday 18 October 2021Economy

OAPI: DG Denis Loukou Bohoussou suspended following mismanagement and corruption accusations

On October 14, 2021, Alimatou Shadiya Assouman, Benin's Minister of Industry and Trade and also Chairwoman of the board of directors of the Yaounde-based...
Friday 15 October 2021Finance

Sonara: Government officializes repayment plan for XAF261.4 bln owed to 9 local banks

Today October 15, in Yaoundé, Minister of Finance Louis Paul Motaze is presiding over the officialization of a repayment plan for a XAF261.4 billion debt...
Friday 15 October 2021Economy

Cameroon: Dubai-based Naaz Trading DMC revives the Lomié integrated wood processing complex project in hibernation for years now

Till October 16, in Lomié, the Ministry of Environment will preside over public hearings in the framework of the environmental and social impact...
Friday 15 October 2021Finance

CEMAC: Exchange market BVMAC announces the creation of a stock academy in Douala

Douala, the economic capital of Cameroon and host town of the Central African Stock Exchange (BVMAC), could soon host a stock trading academy. This was...
Friday 15 October 2021Economy

Franco-Cameroonian Bernard Ntchuisseu Njandja launches luxury champagne brand in Paris

Through his Paris-based company “Champagnes Bernard Njandja”, Franco-Cameroonian IT consultant  Bernard Ntchuisseu Njandja recently launched his...
Thursday 14 October 2021Public management

Cameroon: some local and Japanese investors plan to establish a motorcycle assembly plant in the country

On October 11, 2021, Minister of Commerce  Luc Magloire Mbarga Atangana granted an audience to a delegation of Cameroonian and Japanese investors who...
Thursday 14 October 2021Public management

Douala-Yaoundé: Traffic resumes after a 1-day blockade caused by road workers’ strike

Today October 14, hundreds of vehicles blocked at the entrance of Douala (the economic capital) since yesterday can now resume their journey to Yaoundé...
Thursday 14 October 2021Economy

SABC group reopens its Loum distribution center closed 23 years ago

Société Anonyme des brasseries du Cameroun (SABC), leader of the Cameroonian brewing maket, inaugurated its Loum distribution center in the Littoral...
Thursday 14 October 2021Mining

Gold and diamond: State mining corporation SONAMINES plans work meeting to facilitate its activities as exclusive “dealer”

The National Mining Corporation (SONAMINES) initiated, on October 13, 2021, negotiations with traders, heads of smelting units, and buying offices in the...
Wednesday 13 October 2021Economy

Fisheries: a Japan-backed XAF6.5 bln project still just 9% completed since 2017

On October 8, 2021, after an audience with Minister of Livestock, Fisheries, and Animal Husbandry Dr. Taïga, Japan’s ambassador to Cameroon Tsutomu Osawa...
Wednesday 13 October 2021Economy

World Bank and Cameroon ink 3 loan agreements totaling XAF236.5 bln for development projects

Yesterday October 12, in Yaounde, the World Bank Group and the government of Cameroon signed three loan agreements totaling close to XAF236.5 billion, the...
Wednesday 13 October 2021Finance

CEMAC: COSUMAF plans to introduce green, sustainable, and social bonds on the BVMAC

On October 11, in Douala, the Central African Financial Market Oversight Commission (COSUMAF) expressed its ambition to introduce green, sustainable, and...
Wednesday 13 October 2021Finance

Mineral water producer SEMC posts XAF729 mln net profit for H1-2021 after net losses in 2020

Société des Eaux minérales du Cameroun (SEMC), SABC group’s arm in the water segment in Cameroon, posts a XAF729 million net profit for the first half of...
Tuesday 12 October 2021Public management

Douala: Carrefour postpones the inauguration of its first soft discount store Supeco to Q4-2021

Initially scheduled for the end of 2020, the inauguration of the first soft discount store Supeco in Douala is postponed to the last quarter of...
Tuesday 12 October 2021Energy

Addax Petroleum: Qu Bin becomes new CEO, replacing French native Roger Beaumont

Qu Bin, a Chinese citizen who was formerly technical manager for Addax Petroleum, was recently appointed chief executive officer of this Cameroonian...
Tuesday 12 October 2021Telecom

Huawei energy digitalization. What is all about? (by DU YIN, Huawei Cameroon General Manager)

Climate changes and their impact on life and the environment are more and more damaging. Amongst the solutions, Huawei energy digitalization. What is all...
Tuesday 12 October 2021Finance

Cameroonian fintech Ejara raises over XAF1 bln to boost operations

Douala-based fintech Ejara announced the successful completion of a US$2 million (over XAF1 billion) fundraising operation it launched. Thanks to the...
Tuesday 12 October 2021Energy

Nachtigal hydroelectric project: Bouygues delivers the transmission line component

Nachtigal Hydro-Power Company (NHPC), the company in charge of the Nachtigal hydroelectric project (420 MW), informs that the transmission line component...
Tuesday 12 October 2021Economy

Covid-19: The Cameroonian private sector suggests measures to mitigate the impact of significant rise in production costs

Currently, since the onset of the coronavirus pandemic in Cameroon, production costs have risen by 15 to 40% depending on the sector. The estimates were...
Monday 11 October 2021Economy

Despite the presentation of car prototype DTA-001, its mass production is still uncertain

On October 6, 2021, the public that was expecting a car fully designed and assembled in Cameroon, as promised by diasporan tech center Innotech Lab, left...
Monday 11 October 2021Public management

Cameroon: Greenpeace Africa calls for more rigorous enforcement of the law that bans the use of plastics

Environmental NGO Greenpeace Africa is campaigning for the strict prohibition of the sales of non-biodegradable plastic bags in Cameroon. In a release...

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