Yaoundé - 27 January 2023 -

Cameroon: The special tax on petroleum products will soon be extended to natural gas, despite GDC’s request

The Cameroonian government is continuing its process to extend the special tax on petroleum products to natural gas, despite a request from Gaz du...
Friday 27 January 2023Economy

Cameroon acquires a pavilion at the Paris Agriculture Show, a first time

For the first time, Cameroon has acquired a pavilion at the Paris International Agricultural Show (SIA). This year, the event will take place from...
Friday 27 January 2023Public management

Cameroon hosts AfWA symposium on drinking water production-distribution

The Cameroonian capital is hosting, starting today, a two-day international symposium on the management of companies active in the production and...
Thursday 26 January 2023Energy

Cameroon: Memvé’éle dam’s low production leads to rolling blackouts (Eneo)

The Cameroonian population will soon experience episodes of rolling blackout, which the power utility Eneo blamed in a January 25 statement on the decline...
Thursday 26 January 2023Economy

Waste management in Yaoundé: Thychlof Sarl joins Hysacam

Yaoundé City Hall announced it is hiring a new waste management company, a second, to the Cameroon Hygiene and Sanitation Company- Hysacam. “Until now,...
Thursday 26 January 2023Construction

Cameroon to pave 700 km of roads in 2023, twice as much as in 2022

The Cameroonian Minister of Public Works announced last January 23 the government is expecting to pave 700 km of roads this year. He was speaking at the...
Thursday 26 January 2023Energy

Hydrocarbons: Industry actors roll up sleeves to build the Central African Pipeline System

The Central African Pipeline System (CAPS) Project is gradually taking shape. The African Energy Chamber organized this month a round table during which...
Thursday 26 January 2023Banking and Finance

The number of Internet users in Cameroon grew by 10.6% in 2022

The number of Internet users in Cameroon increased by 967,000 (+10.6% YoY) in 2022, the GSMA Intelligence recently reported. The Internet penetration rate...
Thursday 26 January 2023Economy

Martinez Zogo's murder sent a bad signal to investors, Gicam says

The group of employers of Cameroon (Gicam) said the recent tragedy that happened in the country is a bad signal to potential investors eyeing the local...
Tuesday 24 January 2023Economy

The Economic Press Association of Cameroon demands justice in the murder of Martinez Zogo

The situation remains unclear for many as days go by. The dead body of the Cameroonian radio host Arsène Salomon Mbani Zogo, better known as Martinez...
Tuesday 24 January 2023Public management

Cameroon: The Deposits and Consignments Fund is finally operationalized

The Cameroonian President, Paul Piya, signed last January 20 a decree appointing the first leaders of the National Deposits and Consignments Fund (CDEC)....
Monday 23 January 2023Finance

Afriland, BGFI team up on projects in the Cemac region

Afriland First Group, parent company of Afriland First Bank, signed last January 20 in Douala, a partnership deal with BGFI Holding Corporation, parent...
Monday 23 January 2023Public management

Cameroon: Factory gate prices up 13.6% YoY in Q3 2022, driven by the extractive and metallurgy sector

Factory gate prices in Cameroon grew  13.6% year-on-year over the third quarter last year, the national stats agency (INS) revealed in its recent...
Friday 20 January 2023Energy

Cameroon: govt cuts fuel subsidy by 50%

For 2023, the Cameroonian government plans to allocate CFA350 billion for fuel subsidy, Cyrille Edou Alo'o, the Budget Director General at the Ministry of...
Friday 20 January 2023Energy

Eneo plans CFA6bn investment budget for 2023

Cameroon’s power company Eneo announced a plan to invest CFA65 billion throughout the current year. According to MD Patrick Eeckelers, the plan will...
Friday 20 January 2023Public management

Algerian economic operators to conduct exploration mission in Cameroon next January 22-27

A delegation of Algerian economic operators is expected in Cameroon next January 22 to 27. The Cameroonian group of employers (Gicam) says they are coming...
Thursday 19 January 2023Public management

Cameroon: Producers defend the quality of whisky sold in plastic bags, following criticism

After the government granted a third extension to producers of whisky sold in plastic bags, allowing them to continue using the bags until 2026, voices...
Thursday 19 January 2023Finance

Cameroon seeks to raise CFA245bn on the Beac securities market in Q1 2023

The Cameroonian Treasury seeks to raise a total of CFA245 billion on the Beac public securities market between January and March 2023. According to the...
Wednesday 18 January 2023Agriculture

Banana exports in Cameroon grew 8% YoY in 2022

Last year, Cameroonian banana exporters shipped a total of 216,103 tons of fruits to the international market. Compared to the overall 198,634 tons...
Wednesday 18 January 2023Finance

Beac market: Cameroon offered highest interest rate on Treasury bills in December 2022

In December 2022, the Cameroonian government offered an interest rate of 4.11% on its fungible treasury bills (BTAs) on Beac’s public securities market....
Tuesday 17 January 2023Public management

Brewing activity in Cameroon seen down in Q1 2023

The Brewing industry in Cameroon is forecasted to suffer a setback in the first quarter of 2023 after the upturn in Q4 2022. The reason, Beac said in...
Tuesday 17 January 2023Mining

Cameroon cuts diamond and gold export duties by 50% to control illegal exits

The Cameroonian government, in its 2023 Finance Act, announced it is cutting diamond and gold export duties by 50%. The fees will now be 5% of the FOB...
Tuesday 17 January 2023Agriculture

High input prices hits subsistence crop industry in Cameroon

The high prices of inputs are hurting the subsistence crop industry in Cameroon. The Central Bank Beac recently issued a note indicating that the sector...
Tuesday 17 January 2023Agriculture

Cameroonian customs eyes CFA20bn+ in cocoa export taxes in 2023

The Cameroonian Customs Administration (DGD) is expecting the newly-introduced cocoa beans export tax to generate between CFA20 billion and CFA25 billion...
Monday 16 January 2023Finance

CEMAC: Cameroon captures 42% of bank loans in H1 2022

Cameroon alone captured 42% of the overall volume of new loans granted by banks operating within the cemac region during the first half of 2022. The...
Thursday 12 January 2023Finance

Bank credit supply grew 11.45% YoY in H1 2022 (official data)

The volume of new loans granted within the Cemac region increased by CFA350.2 billion year-on-year over the first six months of 2022. According to...
Thursday 12 January 2023Breeding

Cameroon receives French dairy cows to boost local production

The Cameroonian Minister of Livestock, Fisheries, and Animal Industries (Minepia), Dr. Taiga, took delivery, yesterday in Garoua (North), of 165 dairy...

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