Cameroon to disburse XAF3.7 bln to settle part of Pamol Plantations’ salary arrears and social debts
The government plans to release XAF3.7 billion to help state-owned company Pamol Plantations Plc settle part of the debt it owes employees. Indeed,...
Cameroon: New agribusiness firm CFC increases capital 4-folds to XAF10 bln
On January 12, 2022, Compagnie fermière camerounaise (CFC), the new subsidiary inaugurated (on November 5, 2021) by leading brewing group SABC increased...
Promote 2022: Afriland First Bank commits to sponsoring 20 SMEs
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a...
SABC Group inaugurates new research and development laboratory
Société Anonyme des brasseries du Cameroun (SABC), a subsidiary of the French group Castel, inaugurated its new research and development laboratory in...
Cameroon: SME bank BC-PME to become a public investment bank
Cameroonian Commercial Bank for Small and Medium-Size Enterprises, known as Banque camerounaise-PME (BC-PME) could become a public investment bank,...
CEMAC: Repo-facilitated interbank borrowings almost doubled YoY in 2021
In 2021, the volume of interbank borrowings through the repo agreement rose by almost 100% in the CEMAC, a recent report by the central bank BEAC...
Telecoms: CAMTEL draws closer to the official launch of its mobile service
Incumbent operator CAMTEL recently launched “Blue” sim cards for its mobile subscribers five months after the creation of its new commercial brand...
Cameroon: State real estate corporation SIC loses XAF500 mln annually by paying VAT from its equity
Every year, Cameroon Real Estate Corporation (SIC) loses money because it fails to add VAT taxes to the rent collected from clients. This is the...
Anglophone crisis: State firm Pamol shed 1,688 jobs in 2018-2020
Between 2018 and 2020, the number of jobs offered by state-owned company Pamol Plantations Plc decreased by 1,688. In its 2020 report on the performance...
Cameroon starts crusade against illegal practices in the maritime, fluvial and lake navigation
This month of January 2022, Cameroon will organize a campaign to raise awareness and fight illegal practices in the maritime, fluvial, and lake...
CEMAC: Member countries invited to accelerate repatriation of foreign proceeds
During its December 2021 meeting in Douala, the Steering Committee of the CEMAC Economic and Financial Reform Programme discussed the issue of public...
Intellectual property: OAPI discounts trademark protection fees by 10 and 20%
The Yaoundé-based African Intellectual Property Organization (OAPI) announces a reduction of its trademark protection fees. Henceforth, to benefit from...
Cameroon: CENEEMA inks partnership agreement to speed-up agricultural mechanization
On January 13, in Yaoundé, the director-general of CENEEMA -National Centre for the Study and Experiment of Agricultural Machinery- and the managing...
Cameroon: Brewing group SABC seeks incentives for phase 2 of the XAF90 bln investment plan
Société Anonyme des brasseries du Cameroun (SABC), leader of the Cameroonian brewing market, plans to launch the second phase of its XAF90 billion...
Cameroon: the Presidency instructs measures to boost local beef supply
In Cameroon, measures are being suggested to avoid the recurrence of the recent beef price rise experienced in local markets. Indeed, last January 6,...
Cameroon: 92.5% of the road network was dirt roads in 2021, Ministry of Public Works says
In late 2021, 92.5% of the Cameroonian road network was still made up of dirt roads, according to the Ministry of Public Works. The Ministry said, out of...
Cameroon: Local firm All Bitumen plans a bitumen production plant in Kribi
Today January 13, in Kribi, Cameroon’s Minister of Mines Gabriel Dodo Ndoké is presiding over a workshop organized to present the feasibility and key...
Cameroon: Ultimate plans a soft drink, bottled water, and cookies project in Mbankomo
Local firm Ultimate currently plans to launch a soft drink, bottled water, and cookies production project in Mbankomo, a town located some 20 kilometers...
Far-North: Granivorous birds threaten cereal availability
For several weeks now, grain fields have been under the attack of granivorous birds in the Logone et Chari and Mayo Tsanaga departments in the Far-North,...
Far-North: Cameroonian customs return to Limani, after 7 years of absence due to insecurity
On December 22, 2021, Étienne Laraba was officially inaugurated head of the Limani main customs bureau in the Far North. The Limani area was previously...
Pan-African Fintech CinetPay raises XAF1.3 bln to boost operations
PanAfrican fintech CinetPay announces it has raised US$2.4 million from 4DX Ventures and Flutterwave, two pan-African venture capital firms. The...
BEAC: Cameroon demands extension of “crucial” national director’s term
Cameroon is opposing the decision of the Bank of Central African States (BEAC) to appoint two Cameroonian officials as interim national directors in the...
Cameroon: Divisional tax centers go all-digital
Divisional Tax Centers dedicated to small taxpayers in Cameroon have gone all-digital since January 1, 2022. In an official note sent to the heads of...
Property taxes: Cameroon introduces measures to optimize collection
The 2022 finance law has introduced new measures concerning the collection of land income and property taxes in Cameroon, the Directorate General of...
Cameroon: Victoria Oil & Gas secures 2nd extension of the Matanda exploration license
British gas producer and distributor Victoria Oil & Gas (VOG), parent company of Gaz du Cameroun (GDC), announced last December 23, it has secured a...
Brewing group SABC plans a rebranding to mark transformation into a full-fledged agribusiness group
In the coming months, Société Anonyme des brasseries du Cameroun (SABC), leader of the Cameroonian brewing market, will rebrand itself. “We will gradually...
Media: Journalist Denise Epote obtains three prestigious promotions at TV5Monde
Cameroonian journalist Denise Epote has recently been promoted by French television network TV5Monde, according to exclusive information posted on the...
CEMAC: Cameroon to raise XAF160-180 bln on the BEAC debt market in Q1-2022
The Cameroonian public treasury plans to raise between XAF160 and 180 billion from the Bank of Central African States (BEAC)’s debt market in the first...
AFCON2021: Camair-Co increases the frequency of its charter flights
Camair-Co, Cameroon’s official airline for the African Cup of Nations the country is hosting (from January 9 to February 6, 2022), announces an increase...
Domestic gas: Bipaga gas depot helped Cameroon save XAF25 bln+ in 2018-2020
Cameroon saved US$44 million (about XAF25.48 billion at the current XAF579.19 per dollar rate) between 2018 and 2020 thanks to the Bipaga gas depot, the...
Cameroon exported 198,634 tons of bananas in 2021, up 5.41% YoY
Cameroon exported 198,634 tons of bananas in 2021, according to data compiled by the Cameroon Banana Association (ASSOBACAM). The performance is up by...
Tsimi Evouna unveils plans to develop tourism in the Central region
Mincommerce inaugurates African Business Week, an economic exhibition to support small African producers in the framework of the AfCFTA
Teen drug use: Minsante announces campaign against shisha
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