Yaoundé - 22 October 2019 -

Cameroon: XAF3,500 bln needed for the reconstruction of Anglophone regions (RDPC)

In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling...
Monday 21 October 2019Energy

Cameroon: Secondary education ministry sensitizes the youth on environmental problems, via distribution of biogas production kit

On October 23, Homebiogas, an Israelian renewable energies company, will hand a biogas production kit to Nkol-Eton College in Yaoundé, Cameroon, the...
Monday 21 October 2019Agriculture

French chocolate-maker Puratos eyes Cameroonian cocoa

Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
Monday 21 October 2019Economy

Cameroon: Public treasury plans to issue card for civil servants’ salary payment

During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
Thursday 17 October 2019Economy

France: First supplier of imported products under Cameroon’s economic partnership with the EU

Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
Thursday 17 October 2019Infrastructures

Cameroon: Successes and challenges of the construction of the Nationale n°15

While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
Thursday 17 October 2019Finance

CEMAC: Authorities praise a rise in the volume of currency channeled back by banks to the BEAC

At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
Thursday 17 October 2019Transport

Cameroon: 18 carriers authorized to operate in Nov 2019- March 2020

Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...
Thursday 17 October 2019Economy

Cameroon: Eneo reports XAF8 bln loss on 2018 sales due to Anglophone crisis

In its recently published 2018 business review, Cameroonian utility company Eneo announced a XAF8 billion loss on sales due to the sociopolitical crisis...
Wednesday 16 October 2019Companies

Gérard Romero becomes director of Air France-KLM Cameroon and Equatorial Guinea

Since August 1st, 2019, Gérard Romero took over the management of Air France-KLM Cameroon and Equatorial Guinea, in replacement to Olivier Jallet. Before...
Wednesday 16 October 2019Infrastructures

AfDB provides XAF12 bln loan for construction of the road connecting Cameroon and Nigeria

On October 11, 2019, President Paul Biya authorized the minister of the economy Alamine Ousmane Mey to sign a €17.96 million (close to XAF12 billion)...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Wednesday 16 October 2019Infrastructures

Sinohydro delivers lot 4 of Batchenga-Ntui-Yoko-Lena-Tibati road

Chinese company Sinohydro, winner of lot 4 for the construction of Batchenga-Ntui-Yoko-Lena-Tibati road, has delivered its Yoko-Lena (44.9 km)...
Wednesday 16 October 2019Economy

World Bank group backs Cameroon’s development policies with over XAF117 bln

On October 15, 2019, Cameroon, via its minister of the economy Alamine Ousmane Mey, signed a $200 million (XAF117.744 billion) funding agreement...
Wednesday 16 October 2019Economy

Large companies benefit more from the economic partnership with the EU than SMEs (GICAM)

“The least we can say is that, for the time being, the Economic Partnership Agreement [wih the EU] benefits the large companies and subsidiaries of...
Tuesday 15 October 2019Agriculture

Germany offers a non-timber forest products’ processing plant to women in Northern Cameroon

GIZ, a German development agency, is currently building a store in Gashiga, not so far from Garoua, Northern Cameroon. The infrastructure, official...
Tuesday 15 October 2019Energy

SCDP to raise its gasoline storage capacity by 20,000 m3

Cameroonian oil products’ keeper Société Camerounaise des dépôts pétroliers (SCDP) just launched an international call for expression of interest to...
Tuesday 15 October 2019Public management

Cameroon to raise XAF110 bln on BEAC debt market in Q4, 2019

The ministry of finance recently published the indicative timetable of fundraising operations it will conduct on BEAC’s debt market during the fourth...
Tuesday 15 October 2019Economy

Cameroon: The EU calls for the continuation of the national dialogue

Last October 14, the European Union council adopted a dozen conclusions on Cameroon, which is experiencing a sociopolitical crisis, in the Anglophone...
Tuesday 15 October 2019Economy

Eseka railway accident: French cabinet Cerutti points at Camrail’s heedlessness

On October 9, 2019, Pierre Cerutti, CEO of French cabinet Cerutti, sent an open letter to Paul Biya, president of Cameroon, about the Eseka rail accident...
Monday 14 October 2019Finance

Cameroonian native Basile Tchakounté becomes Fagace’s acting MD

Last October 3, 2019, in Cotonou, Benin, members of the administrative board of the African Fund of Guarantee and Economic Cooperation (Fagace) appointed...
Monday 14 October 2019Economy

CEMAC : Basic products’ composite index 3.9% up in Q2, 2019

In Q2, 2019, the cost index of basic products exported by CEMAC countries rose by 3.9%, the BEAC reveals. In Q1, that same index recorded a 6.2%...
Monday 14 October 2019Construction

Cameroon terminates Elevo’s XAF48.2 bln road construction contract over work delay

On October 4, 2019, the Cameroonian minister of public works Emmanuel Nganou Djoumessi (photo), terminated Portuguese company Elevolution Engenharia...
Monday 14 October 2019Public management

Civil service: Cameroon to start the dematerialization of cash vouchers to reduce frauds

This month, Cameroon will start the dematerialization of its cash vouchers, the minister of finance Louis Paul Motaze (photo) informs. This...
Monday 14 October 2019Agriculture

Nigeria-Cameroon: Towards an association in the cocoa sector for better prices

Nigeria plans to associate with Cameroon to obtain better prices for their cocoa. This was announced, on October 10, 2019, by Sayina Riman, president of...
Friday 11 October 2019Public management

Cameroon honors Africa during the Global Fund’s sixth replenishment conference

During the Global Fund’s sixth replenishment conference in Lyon, France, held last October 9-10, Cameroon contributed XAF3 billion. Cameroon’s...
Friday 11 October 2019Public management

Kribi deep seaport awards its top logistics services providers

Six of Kribi deep seaport’s logistics services providers were awarded, on October 10, 2019, for their performances in goods’ handling, official sources...
Friday 11 October 2019Tourism

Cameroon: 1,069 artifacts and fossils collected in the framework of Lom Pangar dam’s construction

In Yaoundé, Cameroon, Institut français du Cameroun (IFC), recently hosted a 10-day varnishing workshop around the theme "Lom Pangar, un barrage qui...
Friday 11 October 2019Diaspora

Cameroon: OFII helped reintegrate 110 residents who returned from France

From 2010 to date, Cameroon has spent more than XAF570 million to support residents who returned home after a stay in France. Thanks to these supports,...
Thursday 10 October 2019Economy

Cameroon: Customs revenues up by 200% in 2007-2018

Between 2007 and 2018, Cameroon doubled its customs revenues, according to figures published by the ministry of finance in the 2020-2022 budgetary stance....
Thursday 10 October 2019Economy

Company creation: simplification reforms helped save XAF197.3 bln at end-2018

In Cameroon, the simplification of business creation procedures has helped entrepreneurs save XAF197.3 billion between 2010 and 2018. This was revealed by...
Thursday 10 October 2019Economy

Cameroon: A Carrefour’s Cash & Carry store to be launched by end 2020

In the framework of its expansion in Sub-Sahara Africa, French retail group Carrefour, which partnered with CFAO Retail for this conquest of the African...
Thursday 10 October 2019Finance

CEMAC: 80% of BEAC’s liquidity provisions captured by unqualified systemic banks

In a recent report dedicated to CEMAC countries’ economy, it is revealed that about 80% of the liquidities injected by the BEAC was provided to three...
Wednesday 9 October 2019Health

Global Fund: Paul Biya in France to raise close to XAF100 billion

From October 9 to 10, 2019, Cameroon’s president, Paul Biya, will participate in the sixth Global Funds’ replenishment conference in Lyon, France....
Wednesday 9 October 2019Economy

BEAC commits to raising NFA to XAF3,000 bln by end 2019

The IMF recently published a report on CEMAC’s common policies initiated since 2017 to support members’ reform programs. In the report, the IMF indicates...
Wednesday 9 October 2019Economy

Le Cameroun s’intéresse au programme-cadre de recherche Horizon 2020 de l’Union européenne

At the request of the Cameroonian minister of the economy, the European Union presented, in October 2019, its Programme Horizon 2020, in Yaoundé. During...
Wednesday 9 October 2019Farming

Over 6,400 tons of illegaly-harvested fishes seized at Lagdo dam

In Cameroon, the regional delegation of the ministry of livestock for the Northern region seized more than 6,400 tons of fish illegally harvested at Lagdo...
Wednesday 9 October 2019Finance

Cameroon: Public debt rose by 37% in 2 years due to economic program with the IMF and statutory advances to BEAC

Within 2 years, Cameroon’s publicly guaranteed debt rose by 37%. This was revealed by the minister of finance Louis Paul Motazé (photo) during his...
Tuesday 8 October 2019Agriculture

Cameroon: Boosted by PHP, banana exports rose by 3,200 tons in Sep 2019

In September 2019, the two banana exporters still operating in Cameroon exported 18,309 tons of banana, according to figures published by the banana...
Tuesday 8 October 2019Agriculture

Cameroon: XAF1,400 bln needed to boost rice production to 1.4 mln tons by 2024

XAF 1,400 billion is the amount needed to implement the recovery plan suggested by the Cameroonian Ministry of economy to relaunch the rice industry....
Tuesday 8 October 2019Economy

Cameroon: Adoption of E-signature rising but still needs publicity, according to the INS

Data gathered from the Cameroonian IT and Telecoms Agency ANTIC reveal notable advances in the use of digital signature in the country. According to the...
Tuesday 8 October 2019Public management

Cameroon will “encounter tremendous difficulties” in timely debt servicing till 2026 (government)

At a little more than 35% of GDP in late April 2019, Cameroon’s public debt is still sustainable. Indeed, according to the convergence criteria within...

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