Yaoundé - 21 January 2022 -

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,...

Thursday 20 January 2022Agriculture

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...
Thursday 20 January 2022Economy

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...
Thursday 20 January 2022Economy

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...
Thursday 20 January 2022Finance

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,...
Wednesday 19 January 2022Finance

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...
Wednesday 19 January 2022Economy

Cameroon: Customs administration cease recourse to external parties for implementation of goods’ geolocation service Nexus+

On January 18, 2022, Cameroonian customs authorities issued a release concerning rumors that claim the social rights of some twenty private agents have...
Wednesday 19 January 2022Economy

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...
Wednesday 19 January 2022Economy

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...
Wednesday 19 January 2022Economy

Tax: the General directorate lists five main categories that generated the highest revenues in Cameroon in 2019

In 2019, Cameroon generated 76.8% of its tax revenues thanks to five main categories of taxes and duties, according to a report recently published by the...
Tuesday 18 January 2022Agriculture

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...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Tuesday 18 January 2022Agriculture

Cameroon: State agribusiness group CDC posts over XAF18 bln loss for 2020 despite activity resumption

State agribusiness group Cameroon Development Corporation (CDC) recorded a XAF18.3 billion loss during the fiscal year ending December 31, 2020. According...
Tuesday 18 January 2022Energy

Electricity: 2022 is a pivotal year for rural electrification project PERACE, Minister of Energy says

The Rural Electrification and Access to Energy in Underserved Areas Project in Cameroon (Perace), approved in December 2018, could be launched this year,...
Tuesday 18 January 2022Finance

Public securities: Cameroon recorded 80.05% average subscription rate in Dec 2021, lowest since June 2019

In December 2021, the average subscription rate to public securities issued by Cameroon on the BEAC -Central bank of the CEMAC region- debt market was...
Tuesday 18 January 2022Economy

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...
Monday 17 January 2022Economy

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...
Monday 17 January 2022Economy

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...
Monday 17 January 2022Agriculture

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...
Monday 17 January 2022Agriculture

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...
Friday 14 January 2022Public management

Cameroon dedicates 287,562 hectares of forest management units to support operators affected by the Anglophone crisis

Minister of Forestry and Wildlife Jules Doret Ndongo recently published a call for tender for forest operators active in the country to submit bids for...
Friday 14 January 2022Public management

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,...
Friday 14 January 2022Finance

Cameroon: Average interest rates on treasury bill issuances reach the lowest level since June 2019 in Dec 2021

In December 2021, the average interest rate on treasury bills issued by Cameroon in the debt market of the Bank of Central African States (BEAC) was...
Friday 14 January 2022Public management

Cameroon: Personnel expenses captured 60% plus of operating subsidies in most state firms in 2020 (official)

In 2020, personnel expenses captured more than 60% of the over XAF72 billion operating subsidies the state provided most public institutions with, a...
Friday 14 January 2022Economy

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...
Thursday 13 January 2022Construction

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...
Thursday 13 January 2022Companies

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...
Thursday 13 January 2022Agriculture

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,...
Thursday 13 January 2022Public management

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...
Thursday 13 January 2022Finance

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...
Wednesday 12 January 2022Public management

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...
Wednesday 12 January 2022Public management

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...
Wednesday 12 January 2022Economy

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...
Wednesday 12 January 2022Energy

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...
Tuesday 11 January 2022Agriculture

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...
Tuesday 11 January 2022Agriculture

Cameroon: State agribusiness firm CDC resumes operations at the Debundscha oil palm plantation previously controlled by armed groups

State-owned agribusiness firm CDC is gradually resuming its operations in the South-West, which was previously controlled by separatist armed...
Tuesday 11 January 2022Public management

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...
Tuesday 11 January 2022Public management

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...
Monday 10 January 2022Public management

Domestic debt: Cameroon to settle XAF31 bln of the XAF181 bln owed to secondary school teachers this year

The 2022 finance bill provides for XAF31 billion to be released to the Ministry of Secondary Education to settle part of the debt owed to secondary school...
Monday 10 January 2022Public management

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...
Monday 10 January 2022Energy

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...
Monday 10 January 2022Agriculture

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...

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