Listed in a fraud case in DRC, Afriland group lodged a complaint against its accusers in Paris
On July 1, 2020, Afriland First Bank Democratic Congo (CD), one of the eleven subsidiaries of the banking group founded by Cameroonian billionaire Paul K....
Cameroon: Telecom regulator ART recorded about CFAF56 bln of bad debts in 2019
The financial statements of Cameroon’s Telecommunications Regulatory Board (ART) reveal a deficit of CFAF 2.2 billion at the end of the financial year...
Cameroon plans to create 100,000 jobs over 5 years with the EII approaches
To combat unemployment, the Cameroonian government intends to create 100,000 jobs over the 2020-2025 period. To achieve this, the government plans to...
Cameroon reduced transit time from 40 to 5 days by digitizing foreign trade procedures
In Cameroon, transit time was reduced from 40 to 5 days by the end of Q1-2020 thanks to digitalization and telecommuting, according to the single window...
Cameroon: Tax population shot up by 20% between 2015 and 2019
Over the last five fiscal years (2015 to 2019), Cameroon's tax population has grown by more than 20%, from 89,741 to more than 121,566 taxpayers,...
Cameroon partners with Afrikpay to integrate 30,000 young people into digital jobs
In partnership with AfrikPay (Cameroon's third-largest Mobile Money operator), Mounouna Foutsou, the Minister in charge of Youth, has just launched the...
Cameroon plans national preference measures in the 2021 finance law to reduce imports
On July 2, Prime Minister Joseph Dion Ngute instructed Finance Minister Louis Paul Motaze to submit, within a fortnight, the budgetary guidelines that...
Cameroon: SABC’s loaded truck attacked in the Northwest
Société Anonyme des Brasseries du Cameroun (SABC) has recently been the victim of an attack by an armed group. The incident occurred in the town of Santa,...
Cameroon plans to raise CFAF110 bln on the BEAC market in Q3-2020
The Cameroonian Treasury recently published the provisional calendar of its public securities’ issuance on the Bank of Central African States (Beac)...
Cameroon plans to open some public companies’ capital to the private sector as of 2021
During a special cabinet meeting organized to examine the Budget and Economic Programming Document 2021-2023, Prime Minister Joseph Dion Ngute prescribed...
South African Stephen Blewett appointed the new CEO of MTN Cameroon
“I'm very excited to join the dynamic and focused MTN team in Cameroon! Thanks for the warm welcome and kind messages of support.” This is the message...
CBC plans to increase social capital to CFAF16.5 bln, after CFAF2.5 billion positive result in 2019
Commercial Bank-Cameroon (CBC) informs that it achieved a positive result of CFAF 2.5 billion as of December 31, 2019. This represents an increase of CFAF...
Afriland First Group listed in a fraud and corruption case in the DRC
Banking group Afriland First Group, created by Cameroonian billionaire Paul Kammogne Fokam (photo), is indexed in a corruption and fraud practice case...
Douala Port authority realizes CFAF5.37 bln of net profits for FY2019, up 162.7% YoY
The Port Authority of Douala (PAD) informs that at the end of the financial year ending December 31, 2019, it realized a net profit of CFAF 5.37 billion,...
Cameroon: CSPH recorded CFAF7 bln drop in its net result between 2017 and 2019
The net income of Cameroon’s Hydrocarbons Prices Stabilization Fund (CSPH) dropped from CFA12.5 billion in 2017 to 5.4 billion in 2019. This represents a...
Cameroon and Nigeria plan to build a trans-border bridge over the Cross river to boost trade
Cameroon and Nigeria recently issued a joint call for tenders to recruit an independent consultant to design a border bridge between Mfum (Nigerian side)...
The AfDB praises the impacts of the planned extension of the Kribi gas-fired power plant
In a note published on June 26, the African Development Bank (AfDB) praised the impacts of the planned extension of the Kribi gas-fired power plant (from...
CEMAC: Cameroonian banks captured 20% of liquidity injected by the BEAC in Feb 2020
In the framework of its liquidity-injection operations, the BEAC provided CFAF16.6 billion of liquidity to credit institutions operating in the community...
CEMAC: Member countries raised CFAF168 bln via issuance of T-bills, CFAF0 for T-bonds
In the recently published BEAC’s monthly statistics bulletin, the Bank of Central African States (Beac) informs that on the primary market of CEMAC's...
Cameroonian startup Ndoto Sarl develops a smart meter that helps reduce fraud
Douala-based startup Ndoto Sarl announces that it has just completed the development of a smart electricity meter, after 5 years of research. According to...
Covid-19: Cameroon’s international trade exchanges fell by 16% in H1-2020
Between January and June 2020, Cameroon's trade with the rest of the world fell by 16%. The information was revealed by the Minister of Trade, Luc...
Cameroon recorded 500,000 tons of maize deficit in 2019
Cameroon produced 2.3 million tons of maize, according to the information provided by the Minister of Agriculture and Rural Development (Minader) Gabriel...
Koutéré single checkpoint project: plans in motion for the resumption of construction works
The Central African Economic and Monetary Community (CEMAC) closed, on June 29, the call for expressions of international interest aimed at selecting a...
Elimination of illicit tobacco trades: Local operators fear dirty tricks by multinationals
In Cameroon, the parliament recently beseeched the Head of State Paul Biya to ratify The Protocol to Eliminate Illicit Trade in Tobacco Products, which is...
Avima Iron Ore chooses Port of Kribi as its iron exports’ gateway
On June 8, Avima Iron Ore Limited, signed a Memorandum of Understanding with the Port Authority of Kribi (PAK), establishing a formal partnership for the...
Hevecam announces layoffs for economic reasons
Hévéa Cameroun (Hevecam), a subsidiary of the British rubber producer Corrie MacColl, is preparing to lay off some of its staff for economic reasons. The...
Leasing operator Alios Finance pays amortization of its 2018 bond loan
Leasing company Alios Finance Cameroon has, since June 19, 2020, released CFAF539 million to the central depository of the Central African Unified Stock...
Cameroon plans to create an export promotion agency to capitalize on the soon to be launched AfCFTA
Cameroon currently plans to create an export promotion agency to capitalize on the African Continental Free Trade Agreement (AfCFTA) being created. This...
Nexttel replies to staff after strike movements at some of its agencies
France and the EU condemn the Bamenda and Galim attacks
Accused of conspiracy against Cameroon, Human rights group Redhac announces a judicial complaint against Paul Atanga Nji
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Business in Cameroon n88: June 2020
Covid 19 Its impacts so far
Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»
Investir au Cameroun n98 Juin 2020
Covid 19 Et maintenant, l’étendue des dégâts
Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »
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