Cameroon: Government to raise XAF184 bln from the local banking sector in 2022
Cameroon plans to raise XAF184 billion from the local banking sector in 2022, the 2022 draft bill currently being reviewed by the parliament reveals....
Cameroon: SABC group contributes XAF1 bln for the implementation of NoSo reconstruction plan
In its capacity of executing agency for the reconstruction of the Northwest and Southwest, the UNDP resident representative signed a XAF1 billion...
South Korea to invest XAF4 bln for the construction of 3 digital campuses in Cameroon in 2022
South Korea will invest XAF4 billion for the construction of three digital campuses in Cameroon in 2022, according to Jonghan Kim, South Korean ambassador...
Tax on money transfers: Cameroonian taxpayers’ association ACDC denounces a double taxation
In its 2022 draft budget submitted for the parliament’s review, the Cameroonian government has introduced a new tax on electronic money transactions. The...
Non-tax revenues, growth rate…: Cameroon revises 2022 draft budget
In the 2022 draft budget finally submitted to the parliament, Cameroon has revised its budget to XAF5,752.4 billion (+5 % compared to the XAF5, 480.4...
CEMAC: Central bank BEAC plans digital platform to improve insurance firms’ risk profile
The Bank of Central African States (BEAC) recently launched the recruitment of a consultant for the development of a digital platform that will facilitate...
Camwater initiates “aggressive” campaign to recover XAF50 bln out of XAF61.3 bln unpaid bills
On November 25, 2021, water utility Camwater launched a “permanent and aggressive campaign for the recovery of unpaid water bills.” According to the...
Supreme state audit CONSUPE summons Lazare Atou and Co over stormy asset management case
In a release issued on November 25, 2021, Mbah Acha Rose Fomundam, Minister Delegate at the Presidency in charge of Supreme State Audit, summoned...
Cameroon: Chococam announces record XAF36.9 bln turnover for the 12-month period ending Sep 30, 2021
South African group Tiger Brands recently published its financial statements for the 12 months ending September 30, 2021. According to the document,...
Cameroon approves four private incubators
On November 24, 2021, Cameroon issued the first official approvals in its history to private incubators. The approvals were handed by Achille Bassilekin...
“The hospitality sector in Cameroon is full of opportunities,” Radisson Blu’s Erwan Garnier says
In this interview, the Senior Director of Development of the Radisson Hotel Group in West and Central Africa gives details about the group’s expansion...
Gwendoline Abunaw, MD of Ecobank Cameroon, becomes Head of the CEMAC cluster
Gwendoline Abunaw, Managing Director of Ecobank Cameroon, has recently been appointed Managing director of the cluster ECOBANK CEMAC, an official release...
Cameroon launches 3rd phase of national goat plague vaccination campaign
On November 18, 2021, in Sangmelina, the Cameroonian government, through the Ministry of Livestock, launched the third phase of the national campaign...
Lom Pangar dam: 150 localities to be connected to the foot plant in the East, by the end of H1-2022
"Before the end of the first half of 2022, the 150 localities we are planning to electrify and connect to the plant at the foot of the Lom Pangar dam will...
Cameroon officially takes over 54% stake in Union Bank of Cameroon
On November 23, 2021, the Union Bank of Cameroon (UBC) issued a release announcing the finalization of a stake acquisition process started by the...
Thali block: Tower Resources-Beluga farm-out deal delayed by Cameroonian authorities
Yesterday, November 22, 2021, Tower Resources announced that Cameroonian authorities were yet to approve the farmout deal signed with energy commodity...
2022 draft budget :Cameroon projects 12.6% YoY rise in tax and customs revenues
For the 2022 budget year, Cameroon has set a tax and customs revenue target of XAF3,088.7 billion. The figure is disclosed in the 2022 draft budget the...
Extractive industries: Firms paid XAF908.28 bln to state and institutions in 2019, up 18.9% YoY
In 2019, extractive companies paid XAF908.28 billion to the State and its institutions. This was revealed by the EITI committee in Cameroon’s 2019...
Cameroon initiates forced collection of 2021 vehicle stamp duties
In the early hours of November 22, 2021, checkpoints were deployed throughout Cameroon to make sure drivers have effectively paid their vehicle...
Nexttel announces resumption of dialogue between its shareholders
On November 19, 2021, Viettel Cameroun SA, popularly known under its trade name Nexttel, published a release announcing the resumption of talks between...
Delayed by the Covid-19 and technical constraints, Radisson Blu Douala will open in Q3-2023
Radisson Blu Douala initially planned to be opened in the first quarter of 2021, will finally be launched in Q1-2023. "The Covid-19 pandemic has...
Chinese state group New Silk road Energy Holding discloses plans to build a Chinatown in Cameroon
Dong Kaiming, vice-president of Chinese state firm New Silk Road Energy Holding Group Co. Ltd was granted an audience, on November 17, 2021, by Cameroon’s...
Cameroon projects a 2% inflation rate for 2022, unrealistic according to some analysts
For 2022, Cameroon projects a 2% inflation rate, down from 2.4% in 2021. The forecast is contained in the 2022 draft budget presented by Finance Minister...
Merged company Gulfcam appoints its management team
Yesterday November 18, 2021, petroleum products distributor Gulfin S&T Co S.A. that merged through absorption with Camship-CLGG held a combined...
Sustainable cocoa: Cameroon advocates for more income for local farmers
On November 18, 2021, in Yaoundé, Cameroon organized a ‘Cocoa Talks’ with the European Union, the world's largest cocoa importer, on the production of...
Covidgate: Audit bench confirms overbilling, conflicts of interest misappropriations suspicions
On November 16, 2021, the audit report on the use of the coronavirus response fund was officially published. The report was “adopted (..) following the...
Cameroon: Factory gate price index rose by 3.8% YoY in Q2-2021, highest increase since Q3-2019
Between April and June 2021, the factory gate price index of industrial goods rose significantly in Cameroon. This is revealed by the National Institute...
Cameroon: PAD scores big win in multi-billion asset management dispute
Yesterday, November, 17, 2021, The Port Authority of Douala (PAD) announced on its official website that the “Two decrees issued by the Minister of State...
S. Korea pledges CFA4bln to build three digital campuses in Cameroon
Camwater initiates “aggressive” campaign to recover XAF50 bln out of XAF61.3 bln unpaid bills
Cameroon-Nigeria : Trade exchanges fell by 81% in 2015-2019 due to the anglophone crisis and war against Boko Haram
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Business in Cameroon n105: November 2021
Forget cash, Cameroonians are in on e-money!
Erwan Garnier: “Clearly, the Cameronian hospitality sector will develop”
Investir au Cameroun n115: Novembre 2021
Adieu le cash Les Camerounais s’emparent de la monnaie électronique
Erwan Garnier: « Le secteur hôtelier camerounais va clairement se développer »
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