Yaoundé - 26 November 2020 -

Cameroon loses over XAF63.2 bln to corporate tax abuses every year, the report estimates

“The State of Tax Justice 2020: Tax Justice in the time of COVID-19. ” This is the title of a report recently published by three NGOs (the Global Alliance...

Wednesday 25 November 2020Investment

Cameroon: MINPMEESA organizes workshop to improve the marketability of artisan products

On November 19, 2020, in Yaoundé, the Minister of SMEs, Social Economy, and Handicrafts (Minpmeesa), Achille Bassilékin III, chaired a workshop aimed at...
Wednesday 25 November 2020Construction

Piccini opposes the auction of containers it left at Olembé stadium

In a statement issued on November 24, 2020, the Italian company Piccini (withdrawn from the construction of the Olembé stadium) opposed the auctioning of...
Wednesday 25 November 2020Economy

Cameroon: Unlawful use of FM broadcast bands threatens air navigation, the MINPOSTEL indicates

On November 23, 2020, in Yaoundé, (at the opening of the 23rd, 24th, and 25th ordinary sessions of the Inter-ministerial Committee for the Assignment of...
Wednesday 25 November 2020Mining

Cameroon: MINMIDT extends GDC’s exploration license on Matanda block by an additional 1-year

The Ministry of Mines, Industry and Technological Development recently extended Gaz Du Cameroon's (GDC) exploration license on the Matanda block by an...
Wednesday 25 November 2020Economy

CEMAC: Oil revenues mitigated the impacts of the coronavirus pandemic on budget revenues in Q2-2020, the BEAC reveals

Despite the coronavirus pandemic that decelerated economic activities in CEMAC countries (from mid-March 2020) and caused confinement in the said...
Tuesday 24 November 2020Economy

Alios Finance to amortize its 2018-2023 bond on December 19, 2020

On December 19, 2020, Alios Finance Cameroun will amortize its bond issuance baptized “Alios 01 5,75% 2018-2023.” According to the details...
Tuesday 24 November 2020Finance

SCB Cameroon moves to dismantle Neo Industry’s cocoa processing plant in Kekem following loan-repayment issues

Last week, SCB Cameroon (the local subsidiary of the Moroccan banking group Attijariwafa Bank) published a tender notice on its website for the...
Tuesday 24 November 2020Public management

Cameroon: ILO trains 40 business coaches on the use of the management training program “GERME”

On November 9-19, 2020, in Nkoladom (not so far from Ebolowa, Southern Cameroon), the Cameroonian representation of the International Labour Office (ILO)...
Tuesday 24 November 2020Economy

Bolloré group signs sponsorship agreement to develop the textile industry in Central Africa

On November 17, 2020, Bolloré Transport & Logistics Cameroon signed a sponsorship agreement with Kaba (an association of apprentices in the textile...
Tuesday 24 November 2020Economy

Cameroon to import 120K tons of domestic gas to cover domestic demand in 2021

Okie Johnson Ndoh (President of the ad hoc Commission in charge of petroleum product imports-CIPP) recently published a release informing oil companies...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Monday 23 November 2020Health

Cameroon temporarily bans the importation of day-old chicks and hatching eggs to guard national territory against avian influenza

In a correspondence addressed on November 17, 2020, to the Minister of Finance, Cameroon's Minister of Livestock Dr. Taiga announced a temporary ban on...
Monday 23 November 2020Public management

Investment scams: Société Générale Cameroon warns about Facebook posts impersonating it

Société Générale Cameroon recently posted a message on its Facebook page informing that some scammers have been using its logo and that of YUP Cameroon to...
Monday 23 November 2020Public management

Bantu Development Initiative announces “Germany Days” to boost German investments in Cameroon

From December 11th to 12th, 2020, Yaoundé will host the first edition of the "Germany Days," an initiative of the Bantu Development Initiative-BDI (a...
Monday 23 November 2020Public management

Cameroon inaugurates a business acceleration center in Douala

On November 18, 2020, in Douala, Achille Bassilekin III (Minister of Small and Medium Enterprises, Social Economy and Handicrafts-Minpmeesa) presided over...
Monday 23 November 2020Economy

2020 Paris investors roundtable: Cameroon to benefit from only XAF20 bln out of BDEAC’s investment pledges for CEMAC integrating projects

During the November 16-17, 2020 roundtable organized in Paris to raise funds for the implementation of 11 priority integrating projects in the CEMAC...
Monday 23 November 2020Economy

Double taxation agreement: Cameroon and Switzerland still in negotiations 2 years after formal negotiations started

On November 19, in Yaoundé, Minister of Economy (Minepat) Alamine Ousmane Mey granted an audience to the Swiss Ambassador to Cameroon Pietro Lazzeri....
Friday 20 November 2020Public management

Towards a downward revision of transit costs along the Douala-Bangui and Douala-Ndjamena corridors

Transit costs on the Douala-Bangui and Douala-Ndjamena corridors will be revised downwards. This is the main resolution taken by land transport...
Friday 20 November 2020Public management

Cameroon: Tax authorities organize training on E-tax payment

From November 24 to 27, the Directorate General of Taxes (DGI) will hold a training session in Douala on e-tax payment. According to official sources, the...
Friday 20 November 2020Public management

Cameroon: Customs seize large quantities of wine and spirit in the Southern region

On the night of November 17-18, 2020, agents of the mobile customs brigade in Ebolowa (in the Southern region) seized a large shipment of contraband wines...
Friday 20 November 2020Mining

Minim-Martap bauxite: Camrail could triple freight activities through a partnership with Canyon Resources

Camrail’s freight business will triple, should the memorandum of understanding it recently signed with Canyon Resources (the Australian junior mining...
Friday 20 November 2020Public management

CEMAC: COSUMAF calls for stakeholders' comments regarding its revised regulatory texts

Yesterday, November 19, 2020, on the sidelines of the launch of the 2nd phase of the merger of Douala stock exchange with the BVMAC, COSUMAF (supervisory...
Thursday 19 November 2020Public management

Internet broadband: Cameroon and Equatorial Guinea to be connected to Gabon with a 528-km optical fiber line

On November 18, 2020, Gabon’s National Agency for Digital Infrastructure and Frequencies (ANINF) announced the completion of extension works to connect...
Thursday 19 November 2020Public management

Cameroon seeks investors for the construction of a 405-ha agro-industrial technology park in Ouassa Babouté

On November 9, 2020, the Minister in charge of Mines, Industry and Technological Development (Minmidt), Gabriel Dodo Ndocke (photo), issued an...
Thursday 19 November 2020Public management

Cameroon reimbursed XAF1943.6 bln of funds borrowed in financial markets in 2010-2019

Over the decade spanning from 2010 to 2019, Cameroon reimbursed XAF1,943.6 billion on the international, sub-regional, and national financial markets....
Thursday 19 November 2020Infrastructures

CEMAC commission raised XAF2,492 bln for integrating projects during the Paris investors roundtable

Officials of the CEMAC commission raised XAF2,492 billion during the investors' roundtable organized from November 16 to 17, 2020 in Paris, credible...
Thursday 19 November 2020Companies

Dangote Cameroon sold 1 mln tons of cement by end Sep 2020, up 18% YoY

Dangote Cement informs that during the first nine months of 2020, its Douala-based 1.5Mta clinker grinding facility sold about one million tons of cement,...
Thursday 19 November 2020Public management

Camwater and the Ministry of employment partner to promote water jobs with the construction of a training center

On November 16, 2020, Issa Tchiroma Bakary (Cameroon’s Minister of Employment and Vocational Training) and Gervais Bolenga (Managing director of Cameroon...
Wednesday 18 November 2020Finance

Covid-19: Société Générale Cameroon and the EIB set XAF10 bln credit line to support local SMEs

On November 17, 2020, Société Générale Cameroon (SGC) and the European Investment Bank (EIB) signed a strategic agreement aimed at supporting SMEs amid...
Wednesday 18 November 2020Public management

Boluda France selected as the successful bidder for towing concession at the port of Douala

Boluda France (a subsidiary of Boluda Corporation Maritima) was recently chosen as the provisional successful bidder for a restricted international call...
Wednesday 18 November 2020Public management

Nestlé Cameroon recycled 100 tons of plastic waste this year through a partnership with Name Recycling

This year, Nestlé Cameroon recycled 100 tons of plastic waste in Cameroon, meeting its target for the year in the framework of its commitment to preserve...
Wednesday 18 November 2020Agriculture

Cemac: The price index of agricultural products was spurred by three products in Q3-2020, the BEAC reveals

In Q3-2020, the price index of agricultural products exported by CEMAC countries grew by 2.2%. Compared with the 1.9% growth in Q2-2020, this reveals a...
Tuesday 17 November 2020Public management

AfDB eyes 200% growth in intra-regional trade by 2025 thanks to the Central Africa regional integration strategy

With the Central Africa Regional Integration Strategy, the AfDB aims to triple intra-regional trade by 2025. This is one of the revelations made by the...
Tuesday 17 November 2020Mining

Cameroon: 1,028 carats of diamond seized at Douala airport in Jan-Oct 2020

Diamonds (1,028 carats) were seized at the International Airport of Douala this year. This was revealed during the November 11, 2020, budgetary session...
Tuesday 17 November 2020Finance

Cameroon disburses XAF61.2 bln for amortization of its “ECMR 5.6% net 2018-2023” bond

On November 16, 2020, the Cameroonian Public Treasury amortized XAF50 billion on the principal of its "ECMR 5.6% net 2018-2023" bond issuance during which...
Tuesday 17 November 2020Public management

Camrail increases wages by 24.3% for local communities that weed off its railway tracks

Camrail’s management recently decided to increase the amount it usually pays people for weeding off its railway track by 24.3%. Indeed, during a meeting...
Monday 16 November 2020Public management

Cameroon: Vietnamese wood exporters hid over XAF170 bln of export revenues from the state in 2014-2017, report claims

In a report titled "TAINTED TIMBER, TARNISHED TEMPLES: How the Cameroon-Vietnam Timber Trade Hurts the Cameroonian People and Forests," two NGOs...
Monday 16 November 2020Public management

SABC group celebrates academic excellence in Kumba, days after the school massacre

Emmanuel de Tailly (Managing director of Société Anonyme des Brasseries du Cameroun-SABC) was in Kumba, on November 13, 2020.  In that locality of...
Monday 16 November 2020Economy

CEMAC: The Composite commodity index rose by 19.6% in Q3-2020, BEAC indicates

Between July and September 2020, the international prices of CEMAC countries’ main export products rose after a rather sluggish trend in Q2-2020....
Monday 16 November 2020Mining

Cameroon: The Kimberley Process traced 2,438 carats of diamonds produced locally in Jan-Oct 2020

On November 11, 2020, in Yaoundé, during a session dedicated to the vote of the 2021 budget, the National Permanent Secretary of the Kimberly Process...
Monday 16 November 2020Public management

Douala container terminal: ICC acknowledges the validity of DIT’s claims but PAD is set on appealing against the ruling

In a communiqué published on November 13, 2020, Douala International Terminal-DIT (whose concession for the management of the Port of Douala’s container...

Subscription to our newsletter

Every week the economy and investment news from Cameroon

Business in Cameroon n93: November 2020

Cashew, Cameroon’s new source of revenues

Covid 19 : “Making the team’s health a priority”

Investir au Cameroun n103 Novembre 2020

L’anacarde, la nouvelle source de recettes du Cameroun

Covid 19 : « La santé des équipes avant tout »

Subscription to our newsletter

Every week the economy and investment news from Cameroon