Yaoundé - 11 December 2019 -

Cameroon : Companies lost XAF800 bln to socio-political crisis within 3 years (GICAM)

The Inter-Patronal Grouping of Cameroon (GICAM) recently updated its data on the socio-political crisis raging the North-West and South-West since October...
Monday 9 December 2019Economy

Cameroon gathers partners around torn anglophone region’s reconstruction plan

Cameroon's Prime Minister, Joseph Dion Ngute, announced on his twitter account that he recently brought together “about fifteen” representatives of...
Monday 9 December 2019Public management

Cameroon: FEICOM redistributed XAF88.8 bln to municipalities in 2018

In Cameroon, the Special Fund for Equipment and Inter-municipal Assistance (FEICOM) collected revenues amounting to XAF158.3 billion in 2018, a little...
Monday 9 December 2019Public management

Cameroon generates an average of XAF140 bln/year from the distribution of oil products

Every year, Cameroon generates an average of XAF140 billion from the distribution of oil products. This was revealed by the minister of water and energy...
Friday 6 December 2019Finance

Cameroon: new issuance of fungible treasury bills on BEAC market

On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
Friday 6 December 2019Energy

Cameroon: 35% of gas stations are located in rural areas (Ministry of energy)

In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
Friday 6 December 2019Economy

Cameroon increased daily drinking water production by 96,376 m3 between 2018 and 2019

In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
Friday 6 December 2019Agriculture

Cameroon: Safacam plans to invest XAF3.5 bln to extend its oil palm and hevea plantations in Dizangué

In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...
Thursday 5 December 2019Finance

Benjamin Ngongang : “The French guarantee no longer seems really essential” for the CFA zone

Benjamin Ngongang, Associate Director in charge of the Central African region at FinAfrique that specializes in advice and accompaniment for reforms in...
Thursday 5 December 2019Public management

Concession on Douala container terminal : Administrative court quashes port authorities' appeal against process suspension

The Administrative Chamber of the Supreme Court of Cameroon quashed the appeal brought by Douala Autonomous port (PAD) on August 21, 2019, to suspend...
Wednesday 4 December 2019Economy

Cameroon: Minette Libom Li Likeng asks African companies to adopt Big Data

Data, which is the real "base for digital revolution," is now considered as "infrastructure for emerging economic activities," according to Minette Libom...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Wednesday 4 December 2019Economy

Med'Innovant Africa 2019: Cameroonian Promagric among the 5 finalists

Euroméditerranée, a public development institution, has selected the Cameroonian start-up Promagric as one of the five finalists of the 2019 edition of...
Wednesday 4 December 2019Mining

Rutile Mining : French Eramet obtains research permit for Akonolinga rutile block (about 500,000 tons)

In Cameroon, the Minister of Mines, Gabriel Dodo Ndoke, signed on behalf of the government, the contractual arrangements for the research work of Eramet...
Wednesday 4 December 2019Mining

Local company Codias to develop Cameroon’s first industrial gold mine

On November 29, 2019, in Yaoundé, the Minister of Mines, Gabriel Dodo Ndoke (photo, with striped tie), signed an exploitation agreement with Codias S.A...
Wednesday 4 December 2019Construction

Douala to soon host a XAF28 bln modern market

In the next 18 months, Douala will have a gigantic centre at the former Marché Congo destroyed by two fire outbreaks (in 2012 and February 2019). The...
Tuesday 3 December 2019Public management

L’Oréal-UNESCO For Women in Science Program 2019 : Two Cameroonians among the 20 winners in Sub-Saharan Africa

On November 21, 2019, the winners of the Young Talent Sub-Saharan Africa 2019 Awards, L’Oréal-UNESCO For Women in Science Program, were revealed during a...
Tuesday 3 December 2019Finance

Cameroon plans to raise XAF422 bln on local and regional financial markets in 2020

To fund its budget, Cameroon plans to raise a total of XAF422 billion on the regional and local financial markets in 2020. The country plans to raise the...
Tuesday 3 December 2019Construction

Cameroon awards contracts for construction of 188 Km roads in the Southern region

In Cameroon, the Minister of Public Works, Emmanuel Nganou Djoumessi (photo), announces the signing, on December 3, 2019, of two contracts with two...
Tuesday 3 December 2019Public management

2020 draft bill : Cameroon proposes new export taxes

In 2020, Cameroon could start collecting new export taxes. Indeed, in the 2020 finance draft bill presented before the parliament, the country plans to...
Monday 2 December 2019Public management

Shots fired at landing Camair-Co flight, local media attributes attack to separatists

In Cameroon, state-owned carrier Camair-Co officially announced, on December 1, 2019, that shots were fired at one of its MA60s when the pilot was...
Monday 2 December 2019Public management

North-West Cameroon: The UN condemns murder of humanitarian worker

In a statement issued on December 1, 2019, in Yaoundé,  Allegra Baiochi (photo), coordinator of the United Nations system in Cameroon denounced the...
Monday 2 December 2019Public management

Cameroon presents 2020 budget, down by 5%

Prime Minister Joseph Dion Ngute (photo) presented, on November 29, 2019, the main points of the 2020 Finance Bill before the national assembly. Compared...
Monday 2 December 2019Hydrocarbons

Cameroon: New oil code boosts investors’ rush into the oil sector (SNH)

“We note a real interest on the part of international oil companies, whether already operating in Cameroon or not, to take advantage of the incentives...
Friday 29 November 2019Energy

Cameroon: Natural gas can contribute 20-30% of the energy mix , SNH says

“The SNH has demonstrated, since 2012, that gas can make a significant contribution to the development of the electricity sector in Cameroon by ensuring a...
Friday 29 November 2019ICT

Cameroon and Gabon ink legal framework for fibre-optics telecommunications networks’ interconnection

On November 28, 2019, in Libreville, Cameroon and Gabon signed a memorandum of understanding for the interconnection of their fibre-optics...
Friday 29 November 2019Finance

CEMAC: IMF and BEAC to discuss cooperation axis for regional capital market development

From December 2 to 6, 2019, the IMF’s Regional Technical Assistance Center for Central Africa (Afritac Centre) will conduct a mission at the Bank of...
Thursday 28 November 2019Energy

Cameroon inks XAF10 bln funding agreement with the EU for rural electrification

On November 26, 2019, in Yaoundé, the Cameroonian government, signed, via the Ministry of Economy, a €16.15 million (a little over XAF10 billion)...
Thursday 28 November 2019Public management

National dialogue: The AU, la Francophonie, and the Commonwealth inquire about the implementation of recommendations

Paul Biya, President of Cameroon, received on November 27, in Yaoundé, a joint mission of three international organizations, led respectively by the...
Thursday 28 November 2019Economy

Cameroon: Inflation could rise to 2.7% due to currency crisis, insecurity and flood

In Cameroon, according to a note recently published by the national institute for statistics INS, inflation could rise further at the end of the year....
Thursday 28 November 2019Construction

Nachtigal dam: Over 1,300 employees already active on site

Jean-Bernard Levy, CEO of Électricité de France (EDF), a shareholder in the Nachtigal dam construction project in Central Cameroon, was on the...
Thursday 28 November 2019Energy

Cameroon: Public lighting takes over 55% of government’s electricity expenditures

The Cameroonian government, via the Ministry of Water and Energy, just launched a programme to monitor, control and optimize electricity bills in the...
Thursday 28 November 2019Economy

Cameroon: With a turnover of XAF52 billion, MTN Cameroon became the leader of the market in Q4 2018

In Q4 2018, the combined turnover of telecom operators in Cameroon was XAF131.9 billion, data provided by the telecom regulator ART indicates. MTN...
Wednesday 27 November 2019Economy

Cameroon Investment Forum launched in Douala today

Today, November 27, 2019, the 3rd edition of Cameroon Investment Forum (CIF), organized by the Investment Promotion Agency (API), was launched in Douala,...
Wednesday 27 November 2019Economy

Cameroon: Local startup plans to launch a carpooling app on Dec 2, 2019

The co-founders of the start-up ToliCar announce the launch of a carpooling platform on December 2, 2019. According to the startup, for a start, this...
Wednesday 27 November 2019Finance

BEAC: Liquidity injections reduced to XAF335.2 bln in June 2019

In June 2019, BEAC’s liquidity injections into commercial banks operating within CEMAC was XAF335.2 billion. According to the official report just...
Wednesday 27 November 2019Economy

Cameroon launches mobile money services' aggregation platform to boost financial inclusion

Minette Libom Li Likeng (photo), the Cameroonian Minister of Posts and Telecommunications signed on 26 November, a decree setting the conditions and...
Tuesday 26 November 2019Economy

Gender equality: Cameroon among medium countries in Africa with global score of 0.59 out of 1 (McKinsey)

On November 26, 2019, on the sidelines of the Global Gender Summit 2019 (November 25-27) in Kigali, Rwanda, the McKinsey Global Institute, McKinsey's...
Tuesday 26 November 2019Economy

Cameroon: Decentralized territorial communities should help achieve digital revolution, Minette Libom Li Likeng says

According to Cameroon's Minister of Posts and Telecommunications (Minpostel) Minette Libom Li Likeng (photo), the vision of the Head of State, who has...
Tuesday 26 November 2019Economy

Cameroon: Still another fire in a market in Douala

In the night of November 23 to 24, 2019, fire broke out at Cité des palmiers market in Douala, the Cameroonian economic capital. According to our sources,...
Tuesday 26 November 2019Finance

CEMAC: Interbank transactions up by XAF44 bln MoM in June 2019

In June 2019, transactions on the BEAC (central bank of the CEMAC region) interbank market, peaked at XAF317 billion, an official report...
Tuesday 26 November 2019Economy

Cameroon: UBA promises more credit for female SME owners

During the ongoing Global Gender Summit (November 25-27, 2019) in Kigali, Rwanda, Nigerian banking Group UBA promised to increase credits granted to...

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