Cameroon: Banana exports dropped by 22.11% YoY in Apr 2021 (ASSOBACAM’s data)
Banana producers operating in Cameroon exported 13,186 tons of the fruit in April 2021, according to the Banana Association of Cameroon (Assobacam)....
Tradex seeks a partner for the supply of 56,000 gas cylinders
The state-owned oil operator Tradex recently issued an international call for tenders for the supply, within five months, of 56,000 12.5 kg gas...
Consumer price index rose by 0.2% in Douala, in March 2021, the INS reports
In March 2021, in Douala, the consumer price index (CPI) rose by 0.2%, according to the National Institute of Statistics (INS). The figure is slightly...
Cameroon presents its 2020-2030 electricity development strategy to Korean investors
On May 5, 2021, the 10th edition of the Cameroon-South Korea Economic and Energy Forum was held in Yaoundé. According to Jongham Kim, South Korea’s...
Cameroon: Eurobond REPCAM 9.5% 19 Nov 2025 still attractive for international investors
Cameroon’s Eurobond REPCAM 9.5% 19 Nov 2025 listed on Euronext Dublin is still sparking the interest of investors targeting the international securities...
China Gezhouba Group commissioned to build the 600MW Chollet hydroelectric dam
Chinese construction and engineering company China Gezhouba Group has been commissioned to carry out the studies, construction of the 600MW Chollet...
ENEO to install 30 transformers in Dschang to reduce power outages in the region
In its 2021 investment plan, electric utility ENEO informs that it will install 30 30-Kv transformers in Dshang, Western Cameroon. According to...
Cameroon sees 3.6% improvement in its 2020 GDP following rebasing operation
Recently, Cameroon posted a positive GDP for 2020, much to everyone’s surprise. Indeed, instead of the 0.8% growth the country posted, everyone was...
Cameroon to finalize its National Civil Aviation Security Program by end-2021
On April 30, 2021, in Yaoundé, Cameroon’s National Security Committee (NSC) held its first meeting for the 2021 financial year. During the meeting chaired...
Shelter Afrique to host its 40th annual general meeting in Cameroon next June 20-26
From June 20 to 26, 2021, the pan-African housing development bank Shelter Afrique will hold its 40th annual general meeting (AGM) in Yaoundé. During the...
Digital inclusion: Cameroon moves to boost the multipurpose community telecenters program
On April 29, 2021, in Yaoundé, Minister of Posts and Telecommunications (Minpostel), Minette Libom Li Likeng signed a partnership agreement with the...
CEMAC: Commercial banks and their primary dealers own 93.7% of public securities
At the end of 2020, 93.7% (XAF3021.2 billion) of the public securities issued by CEMAC countries were owned by commercial banks operating in that...
Cameroonian customs seize 800 cellphones and accessories smuggled from Nigeria
Agent of the Bonabéri mobile customs brigade recently seized 800 cell phones and batteries smuggled from Nigeria, we learn. The seized goods were hidden...
Orange Cameroon to deploy 122 networking sites to boost service quality in rural zones
On April 29, 2021, wireless solutions provider NuRAN Wireless Inc announced that by December 2021, it will deliver 122 networking sites to Orange...
SOCAPALM to distribute XAF11.5 bln dividend for 2020 operations
BVMAC-listed Société camerounaise de palmeraies (SOCAPALM) ended the 2020 financial year with an XAF11.5 billion net profit. This profit is down by over...
UBA Cameroon: Board of Directors elects Cameroonian banker Ebenezer Ngea Essoka as the new Chairman
On April 29, 2021, the Board of Directors of UBA Cameroon announced the election of Ebenezer Ngea Essoka (photo, right) as the new chairman. He is...
Agribusiness group SAFACAM posts XAF679.5 mln net profit for 2020, down 15.6% YoY
The African Agricultural Forestry Company of Cameroon (SAFACAM), recently posted a XAF679.54 million net profit for the 2020 financial year. Compared...
Exports: Cameroon’s performance is constant but still lags in the CEMAC region
Despite its increasingly diversified economy, Cameroon will be the country to contribute the lowest export revenues in the CEMAC region this year. This is...
ECF arrangement: World Bank approves XAF54.3 bln support for Cameroon
The World Bank announces that on April 19, 2021, it approved the release of $100 million (XAF54.3 billion) assistance for Cameroon. According to the...
The Port of Douala to gain XAF34.7 billion within 30 years from the sales of dredged sediments
On April 28, 2021, in Douala, the Port Authority of Douala (PAD) and the Cameroonian subsidiary of Swiss group Pukaly International SA signed a...
Only Six out of the Thirty-five public corporations provided new debt data, sinking fund CAA informs
At end-March 2021, public corporations’ non-guaranteed debt was XAF932 billion (representing 3.9% of GDP), according to a note on the economic situation...
Electric utility Eneo creates a subsidiary dedicated to electricity generation
Electric utility Eneo announces that it recently initiated procedures for the creation of a subsidiary dedicated to energy production in Cameroon....
CICAM once again about to shut down operations in Garoua due to suspension of cotton supplies
By May 10, 2021, Cotonnière Industrielle du Cameroun (Cicam)’s factory, based in Garoua, will no longer have the cotton necessary to produce ecru...
Cameroon inaugurates a new coffee processing unit in the Northwest
On April 25, 2021, the Minister of Agriculture Gabriel Mbairobe inaugurated a new coffee processing unit in the Bamenda III district. This plant,...
Cameroon opens Q2-2021 with a XAF30 bln fundraising operation on the BEAC’s public securities market
Today April 28, Cameroon is issuing new 5-year bonds to raise XAF20 to 30 billion, according to a release from the Ministry of Finance. The bonds, issued...
Cameroon has too many political parties, experts say
Covid-19: Study found some health workers are reluctant about getting vaccinated
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Business in Cameroon n99: April 2021
Outages ENEO’s director-general explains the situation
Cocoa: Time to boost processing
Investir au Cameroun n109: Avril 2021
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