Yaoundé - 10 June 2023 -

Savannah case: N'Djamena's Ambassador returns to Yaoundé, crisis officially over

Chad's ambassador to Cameroon, Djidda Moussa Outhman (pictured), returns to Yaoundé today after he left his position on April 20 due to “a dispute over...
Saturday 10 June 2023Public management

Port of Kribi's multipurpose terminal soars with clinker imports in 2022

Import traffic was very dynamic at the Kribi port’s multipurpose terminal in 2022, reports from the Port Authority PAK showed. According to available...
Friday 9 June 2023Agriculture

Cameroon: Govt plans to sell 47 seed farms to the private sector

The Cameroonian Ministry of Agriculture and Rural Development (Minader) has just launched a call for expressions of interest to recruit private partners...
Friday 9 June 2023Economy

Malian Cheick Kanté appointed World Bank Director of Operations for Cameroon

Malian Cheick Fantamady Kanté is the World Bank's new Director of Operations for Cameroon. The newly appointed manager was officially presented to the...
Thursday 8 June 2023Public management

Cameroonian Jacques Edjangue confirmed as AfDB Vice President

Cameroonian Jacques Edjangue has been confirmed Thursday as the Vice President for People and Talent Management of the African Development Bank (AfDB)...
Thursday 8 June 2023Finance

Cameroon pays back CFA63.4bn on Beac securities market, seeks additional CFA20bn

Cameroon made last June 5 the issuance of 7-year fungible Treasury bonds (OTAs) on the Beac public securities market aiming at raising CFA20 billion, the...
Thursday 8 June 2023Environment

SABC furthers its eco-friendly approach

Cameroonian brewer SABC announced plans to reinforce its eco-friendly approach. Last June 5, on the sidelines of World Environment Day, the company...
Thursday 8 June 2023Public management

Cameroon: Investment growth reaches 3.4% in 2022, driven by the private sector

Investment in Cameroon grew by 3.4% last year, the National Statistics Institute (INS) revealed in a recent document. This performance, INS said, reflects...
Wednesday 7 June 2023Economy

Contract Awards Surge in Cameroon's Public Investment, but Execution Rates Fall Behind

The Public Investment Budget (BIP) in Cameroon was executed at 74.56% in 2021, according to the National Committee for Monitoring the Physical and...
Wednesday 7 June 2023Finance

CCA Bank is about to secure a CFA3bn IFC expansion loan

Cameroonian credit institution CCA-Bank announced it has entered negotiations with the International Finance Corporation to obtain $5 million (about...
Wednesday 7 June 2023Public management

The Port of Douala posts net profit of CFA16bn in 2022

The port of Douala ended FY2022 with a net profit of CFA16 billion, the Port Authority revealed. Total assets and liabilities reached CFA410 billion, with...
Tuesday 6 June 2023Agriculture

Coffee-cocoa: Yaoundé hosts workshop on climate change adaptation

An international scientific conference is being held in Yaoundé on the practical approach to adapting cocoa and coffee cultivation to climate change. The...
Tuesday 6 June 2023Agriculture

Cameroon: Banana exports hit lowest point in May, since January 2023

Cameroonian banana exporters shipped 12,558 tons of fruits in May 2023, according to data provided by the sector group Assobacam. This is the worst level...
Tuesday 6 June 2023Public management

Cameron's trade balance improved in 2022 despite a deficit

Cameroon’s trade balance has improved considerably in 2022, reaching 2.3% of GDP, the national stats agency INS found. And although it remained in...
Tuesday 6 June 2023Finance

Cameroon: Govt to transfer CFA165bn+ into a Single Treasury Account from local banks

The Cameroonian government plans to transfer CFA165.6 billion from local commercial banks’ accounts to the Single Treasury Account (STA) by the end of...
Tuesday 6 June 2023Public management

Cargo traffic at Port of Douala dropped 2.1%YoY in 2022

The volume of goods handled at the Port of Douala dropped 2.1% year-on-year to 12.4 million tons in 2022, a document from the Port Authority (PAD)...
Monday 5 June 2023Public management

United Express launches the first Cameroon-Congo road passenger service

Road transport company United Express launched Monday the first direct route between Cameroon and Congo. Until now, the company only operated...
Monday 5 June 2023Finance

Paul Biya adjusts the state budget to cover debt and support the population

Cameroon’s President signed a decree last June 2 to modify the 2023 Finance Act.  Per this amendment, the state budget has been raised from...
Friday 2 June 2023Energy

New twist in pipeline affair: Chad rejects Cotco's newly appointed CEO

Nicolas de Blanpré, the former head of the Chadian subsidiary of British Savannah Energy was appointed MD of the Cameroon Oil Transportation Company...
Friday 2 June 2023Public management

Soaring prices slow final consumption in Q4 2022 (INS)

Final consumption in Cameroon dropped sharply in the fourth quarter of 2022. According to the National Stats Agency (INS), which reported the information,...
Friday 2 June 2023Public management

Germany pledges CFA39bn to support development in Cameroon

Germany agreed to provide a grant of €60 million, or about CFA39.3 billion to support development projects in Cameroon between 2023 and 2024....
Friday 2 June 2023Economy

BGFIBank Cameroun seeks service provider to furnish its future headquarters in Douala

The Cameroonian branch of Gabonese BGFIBank issued a call for bids to equip its future headquarters in Douala. According to the related document, made...
Friday 2 June 2023Agriculture

Lower coffee and cotton production slowed the primary sector in Q4-2022 (INS)

There was a slowdown in the Cameroonian primary sector in the fourth quarter of 2022, according to the National Accounts published by the National...
Friday 2 June 2023Finance

2023 Bond issue: Cameroon finally reaches draft agreement with arrangers

The final draft of the agreement binding Cameroon and the five arrangers of its seventh bond issue on the regional financial market (BVMAC) was submitted...
Friday 2 June 2023Public management

Govt mulls over addressing high SME bankruptcy rate

The Cameroonian government is considering solutions to tackle the alarming bankruptcy rate among SMEs in the country. While presenting the 2022 yearly...
Friday 2 June 2023Economy

Feicom’s support to decentralized local authorities fell 37% YoY in 2022

The Special Fund for Equipment and Inter-municipal Intervention (Feicom) approved a total of CFA30.6 billion in loans and grants to Cameroonian...
Thursday 1 June 2023Finance

APM SA seeks $6.5bn expansion fund from IFC

The Cameroonian marine services company APM SA is seeking a loan of €10 million (about CFA6.5 billion) from the International Finance Corporation...

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