Cameroon eyes local green gas production
On June 11, 2021, Minister of Economy Alamine Ousmane Mey and executives of the Australian firm Fortescue Future Industries Ltd signed a framework...
National Social Insurance Fund CNPS has XAF325 bln of cash, according to CEO Mekulu Mvondo
As of December 31, 2020, the National Social Insurance Fund CNPS had XAF325 billion of cash in its treasury. This was revealed by Alain Olivier Noël...
VOG raises over XAF4 bln for the development of the Matanda block
British oil firm Victoria Oil & Gas (VOG), the parent company of Gaz du Cameroun (GDC), announces that it recently raised $7.5 million...
Cameroon: Telecom regulator ART announces new regulatory model to become highly efficient by 2025
In Cameroon, the Telecommunications Regulatory Board (ART) informs that it is currently elaborating a new regulatory model to become a robust, innovative,...
CEMAC: Panafrican group Africa Bright Securities becomes an official broker on the BVMAC
Officially, Panafrican group Africa Bright Securities, is, since June 15, 2021, a brokerage firm authorized to operate on the Central African Stock...
Cameroon heads back to the BEAC debt market to raise XAF50 bln through issuance of 6-year bonds
On June 16, 2021, after a 1-month break, Cameroon headed back to the Bank of Central African States (BEAC)’s public securities market to issue new...
Decentralization: FEICOM presents its services to regional councils
Since June 14, 2021, the General Manager of FEICOM (Special Council Support Fund for Mutual Assistance) has been holding working sessions with the...
Ecobank partners with CAMPOST to bring banking services closer to the non-connected population
On June 14, 2021, Cameroon Postal Services (CAMPOST) and Ecobank Cameroon signed a partnership agreement allowing access to banking services for the whole...
Cameroon: HPSF posts XAF5.4 bln net profit for 2020, thrice higher than the 2019 performance
In 2020, the Hydrocarbon Prices Stabilization Fund (HPSF)’s net profit grew three-folds going from XAF5.4 billion in 2019 to 15.14 billion....
Cameroon launches an awareness campaign to promote the use of legal wood
Last June 14, in Yaoundé, the Cameroonian Ministry of Forest and Wildlife (MINFOF) and local NGO Center for International Forestry Research/World...
CEMAC: The BDEAC claims XAF118 bln support to economic operators in 2020
Despite the coronavirus pandemic that caused a slowdown in economic activities in the world and the CEMAC region in 2020, the Development Bank of Central...
CEMAC: Cameroonian investors contribute XAF54.5 bln (28.9%) to Gabon’s new 2021-2016 bond issue
At the end of its 2021-2026 bond issue operation (the sixth in the history of the country’s public finance), Gabon raised XAF188.8 billion against a...
A new batch of 55 young Cameroonians enters CAMRAIL’s training-recruitment program
On June 7, 2021, CAMRAIL officially welcomed a new batch of 55 young Cameroonians to whom it will offer training for railway occupations, a company...
Staff dismissal at SOSUCAM: Minister Grégoire Owona suggests negotiated departures
On June 11, 2021, Minister of Labour Grégoire Owona (photo) sent two letters to Alexandre Vilgrain, CEO of SOSUCAM, stating his recommendations for the...
Cameroon: SNH pays XAF10 bln dividend to the State for 2020 operations
For the 2020 operational year, SNH paid XAF10 billion of dividends, XAF8.44 billion of corporate tax, and XAF2.16 billion as miscellaneous taxes and...
Cameroon to sign a new XAF54.1 bln IDA loan agreement for “development policy support operations”
Paul Biya, President of the Republic of Cameroon, recently signed a decree authorizing the Minister of Economy Alamine Ousmane Mey to sign a XAF54.1...
Cameroonian farming startup ClinicAgro Sarl seeks funding to deploy 50 additional soil testing kits
ClinicAgro Sarl is currently seeking financing to develop its offers to farmers through the farming app already available on Playstore. According to...
SNH to supply natural gas to Keda Cameroon Ceramics for its tile manufacturing project
National Hydrocarbons Corporation of Cameroon (SNH) recently issued a call for tenders to recruit a construction program manager for its pipeline project...
Cameroon moves for the diagnostic assessment of state-owned operator CAMTEL
In Cameroon, the Technical Commission for the Rehabilitation of Public and Para-public Enterprises (CTR) is moving for the diagnostic study of state-owned...
BDEAC exceeded budgetary forecasts in 2020 with XAF9.8 bln net profit (Administrative Board)
Despite the coronavirus pandemic, the Development Bank of Central African States (BDEAC) recorded a XAF9.8 billion net profit in 2020. This was...
Cameroon suspends a mining license in the East after the May 30, 2021, deadly incident in Kambélé
On June 4, 2021, the Cameroonian Minister of Mines Gabriel Dodo Ndocké issued a decision suspending the artisanal mining permit issued for a site in...
Bertoua inflation reaches its highest in 10 years as prices surged 4.7% in Q1-2021
In Q1-2021, Bertoua is the Cameroonian city that recorded the highest inflation, the National Institute of Statistics (INS) reveals. “On the spatial...
Cameroon Airports Company ADC announces XAF7 bln net loss for 2020, due to Covid-19
Cameroon Airports Company (ADC) recorded a XAF7 billion loss in 2020 because of the coronavirus pandemic that greatly affected air transport during the...
Microfinance institution Vision Finances doubles its capital to XAF4 bln to fund development plans
In a recently published release, microfinance institution Vision Finances SA announced that it has successfully concluded an operation aimed at doubling...
Cameroon: General price level rose by 2.3% YoY in Q1-2021 (INS)
In Q1-2021, the general price level rose 0.1% compared to Q4-2020, according to the national institute for statistics INS. On a year-to-year basis, this...
CIMENCAM partners with three public institutions for the construction of 2,000 low-cost housings
Local cement company CIMEMCAM recently signed an agreement with the Cameroonian Ministry of Urban Development, Société immobilière du Cameroun (SIC), and...
Cameroon generated XAF121.6 bln of oil revenues in Jan-Apr 2021 (BEAC)
Cameroon generated XAF121.68 billion of net profit from the sales of crude oil between January and April 2021, according to the national oil and gas...
Cameroon to pre-fund the electricity connection of 6,000 households in the east
The State of Cameroon will pre-fund the electricity connection of 6,000 households in the Eastern region, Minister of Water and Energy (MINEE) Eloundou...
Cameroon: 2021 State budget to rise by 11.22%, subject to parliament’s approval
On June 7, 2021, President Paul Biya signed an ordinance increasing the 2021 budget by XAF615.2 billion (11.22%). “For the 2021 State...
SOSUCAM dismisses 250 permanent employees for “professional incompetence”
Effective June 8, 2021, close to a quarter of SOSUCAM’s permanent employees were dismissed for “professional incompetence.” An internal source...
Cameroonians reluctant to accept the second dose of Covid-19 vaccine
National Social Insurance Fund currently has XAF850 bln worth of assets, CEO Mekulu Mvondo says
Covid-19: World Bank grants Cameroon XAF54 bln to support its “efforts”
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