Yaoundé - 02 June 2020 -

Cameroon: The reconstruction of Sonara will cost about XAF250 billion, the Minee says

On May 31, to mark the first anniversary of the fire that destroyed most of Cameroon’s National Refining Company Sonara (Société nationale de...
Monday 1 June 2020Public management

Cameroon: Loggers request 50% reduction of customs duties on processed woods

On May 28, 2020, during an audience with the Minister of Forestry and Wildlife Jules Doret Ndongo, the president of the local wood exporters’ association...
Monday 1 June 2020Finance

Société Générale Chad and UBA Gabon join the list of Cameroon’s primary dealers on the BEAC securities market

There are now 21 banks in the CEMAC zone recruited as primary dealers by the Cameroonian government, for its fundraising operations on the public...
Monday 1 June 2020Economy

Nexttel vs Syntic: Public authorities open a difficult mediation process

Since May 29, the regional delegation of the Ministry of Labour in the Littoral region has been trying to initiate mediation between Nexttel/Viettel...
Monday 1 June 2020Mining

Cameroon plans to create a mining promotion corporation to reduce artisanal mining

Cameroon currently seeks a consultant that will elaborate on the geological and mineral information system (GMIS) for the Ministry of Mines. This...
Friday 29 May 2020Wood

The wood sector requests support to tackle the twin shocks of falling demand and Covid-19

In Cameroon, the wood sector has not been spared by the coronavirus. According to Giorgio Giorgetti, the president of the Cameroonian loggers’ association...
Friday 29 May 2020Economy

Inflation: The INS doubts Cameroon will meet the community benchmark due to the Covid-19

In its recent note on the change in the consumer prices in Cameroon, the National Institute of Statistics (INS) listed the factors that should influence...
Friday 29 May 2020Health

Anti-covid-19 drugs and tests production process is being finalized, Madeleine Tchuenté says

"The process of production of endogenous drugs, test kits, vaccines and other health equipment dedicated to the fight against Covid-19 is being...
Friday 29 May 2020Public management

Cameroon: World Bank grants XAF44 bln loan to empower women

On May 28, 2020, World Bank Executive Directors approved a $376 million (over XAF221 billion) loan as the fourth additional financing for the...
Friday 29 May 2020Finance

Cameroon seeks XAF294 bln from partners to alleviate the Covid-19 shocks

Cameroon has initiated negotiations with bilateral and multilateral partners to raise financial support estimated at XAF294 billion for the fight against...
Thursday 28 May 2020ICT

Cameroon: Huawei deploys e-learning platform “Learn On” to ensure continuity of its certification programs

Chinese telecom firm Huawei has deployed the platform "Learn On" to ensure the continuation of its certification programs in Cameroon. This was revealed...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Thursday 28 May 2020Economy

Cameroon: CPI rose by 0.3% YoY to 2.6% in Q1-2020 (INS)

In Cameroon, the consumer price index rose to 2.6% in the first quarter of 2020, according to a recent note published by the National Institute of...
Thursday 28 May 2020Agriculture

Cameroon: Cocoa purchase prices drop to XAF1150 (max)

Since 27 May 2020, the upper bound of the average price per kilogram of cocoa beans in Cameroon has fallen to XAF1150. Compared to the average of XAF1200...
Thursday 28 May 2020Companies

Nexttel asks staff to concentrate on performance

On May 27, the CEO of Nexttel reacted to the strike notice published on May 22 by the union Syntic. "Dear employees of Viettel Cameroun SA (Nexttel), I...
Thursday 28 May 2020Companies

SABC’s performances declined by 20% in April 2020 because of the COVID-19, MD Emmanuel de Tailly says

In April 2020, brewing leader SABC recorded a 20% drop in performances, according to the company’s MD Emmanuel de Tailly. In an interview with Business...
Thursday 28 May 2020Infrastructures

Douala Airport to increase yearly traffic capacity to 2.5 mln passengers

Douala International airport plans to increase its yearly traffic capacity from 1.5 million passengers to 2.5 million. In the framework of the project, it...
Wednesday 27 May 2020Economy

Covid-19: Employers association UNIPACE suggests CEMAC countries start a direct dialogue with companies for effective support measures

On May 14, the Central African employers’ grouping (Unipace) met by videoconference under the chairmanship of Cameroonian Célestin Tawamba (photo). During...
Wednesday 27 May 2020Finance

Cameroon returns on the money market to raise XAF35 bln

Today May 27, the Cameroonian Public Treasury is scheduled to issue a 5-year T-bond on the public securities market of the Bank of Central African States...
Wednesday 27 May 2020Companies

Dangote Cameroon reports sales of 312kt of cement in Q1-2020, up 4.3% YoY

Nigerian giant Dangote Cement reports that its Cameroonian subsidiary controlled 38% of the local cement market in the first quarter of 2020. According...
Wednesday 27 May 2020Investment

Flour production company Sitrabacam Sarl to boost production capacity with XAF4 bln invesment

Cameroonian flour production company Sitrabacam Sarl will soon create 110 additional jobs, the company’s promoters announce. During the ceremony where it...
Wednesday 27 May 2020Insurance

Cameroon: Insurance companies paid XAF93.8 bln of claims and benefits in 2018 (ASAC)

In Cameroon, insurance companies released a total of XAF93.8 billion for the payment of claims and other benefits in 2018, according to the Association of...
Wednesday 27 May 2020Economy

Electronic tolls will generate between XAF5.4 to 49 bln revenues for Cameroon during the 2021-2039 period

Cameroon recently selected the Razel Bec-Egis consortium for the construction of 14 electronic tolls. Explaining the process that led to the selection of...
Tuesday 26 May 2020Public management

Cameroon obtained XAF4,000 bln of investment pledges in the framework of the 2013 investment promotion law

In Cameroon, the investment promotion agency API signed 224 investment agreements, by May 2020, in the framework of the 2013 law encouraging private...
Tuesday 26 May 2020Social

Nexttel staff announce indefinite strike from June 7, 2020

The union of ICT workers Syntic recently issued a strike notice which should be effective from May 22 to June 7, 2020 at Nexttel, the Cameroonian...
Tuesday 26 May 2020Public management

Salt production company Sasel to double production capacity with XAF5 bln investment

Salt production company Société africaine de sel (Sasel) plans to double its production capacity by expanding its Douala-Bonabéri plant, official sources...
Tuesday 26 May 2020Cooperation

Israel wants to share its technological know-how in the water supply sector with Cameroon, the Israeli ambassador says

Isi Yanouka, Israel's newly appointed ambassador to Cameroon met with the Minister of Economy Alamine Ousmane Mey, on May 18, 2020 in Yaoundé. During the...
Tuesday 26 May 2020Mining

British group BWA Resources secures 2 exploration permits in Cameroon

British group BWA Resources “secured its direct exposure” to Cameroon with the obtention of a first license covering an area of 497 km2 in Nkoteng,...
Friday 22 May 2020Health

Medicis Sarl to invest about XAF6 bln in the construction of a haemodialysis centre in Cameroon

Medicis Sarl plans to invest XAF5.7 billion for the construction of a haemodialysis centre in Cameroon. To encourage and facilitate the realization of...
Friday 22 May 2020Construction

Electronic tolls: Cameroon finally signs a construction contract with Razel BEC-Egis Project consortium

On 18 May 2020, the Cameroonian government finally signed a contract for the construction of the country's first 14 electronic toll booths with the...
Friday 22 May 2020Finance

No microfinance institution operating in Cameroon published their tariff conditions in H1-2019 as the regulation requires (BEAC study)

The Bank of Central African States (Beac) recently published a study titled: “Publication des conditions tarifaires par les banques au Cameroun :...
Friday 22 May 2020Public management

Cameroon: Transit fees collected on Chad-Cameroon pipeline surged by 24.32% to XAF36.59 bln in 2019 (SNH)

In 2019, Cameroon generated XAF36.59 billion (+24.32%) of transit revenues on the Chad-Cameroon pipeline, according to figures recently published by the...
Tuesday 19 May 2020Companies

Véronique Epangué appointed as DHL Global’s country Manager for Cameroon

Following the recent reorganization of DHL Global Forwarding's logistics operations in Central Africa, Véronique Ebenye Epangué has been appointed Country...
Tuesday 19 May 2020Finance

Wafacash Central Africa increases capital to XAF2.6 bln

Douala-based money transfer company Wafacash Central Africa informs that it has increased its capital by XAF600 million. To do so, the subsidiary of...
Tuesday 19 May 2020Investment

SCS Alid Sarl plans expansion of Douala-based palm oil refinery with XAF15 bln investment

Soap producing company SCS Alid Sarl plans to invest XAF15 billion to expand its palm oil refinery plant in Douala. To this end, this industrial unit...
Tuesday 19 May 2020Economy

CICAM: a doubtful challenge of producing 15 mln face masks monthly

On May 7, 2020, public textile company Cicam started selling face masks in the local market. According to our sources, it produces this anti-COVID-19...
Tuesday 19 May 2020Health

France provides XAF6.5 bln budget support to help Cameroon fight the COVID-19

On May 18, 2020, the Cameroonian government, through the Ministry of Economy, signed a XAF6.5 billion grant agreement with the French Development Agency...
Monday 18 May 2020Finance

Alios Finance Cameroon to start payment of December 2018 bond’s interest and amortization in June 2020

From June 22, 2020, Alios Finance Cameroon will start paying the amortization and interest of the bonds it issued in December 2018.   During this...
Monday 18 May 2020Public management

Cameroon: XAF3.5 bln donated to the Solidarity Fund to date (Minister of Health)

On May 14, 2020, the Minister of Public Health, Malachie Manaouda, revealed that the Solidarity Fund for the fight against Coronavirus in Cameroon has...
Monday 18 May 2020Investment

Italian Sif-Inter plans to invest XAF2.5 bln to build a wood processing unit in Cameroon

On May 13, 2020, in Yaoundé, Italian company Sif-Inter signed an agreement with the Investment Promotion Agency (API). This agreement gives the company...
Monday 18 May 2020Transport

Cameroon creates a new secured sticker to limit fraud in the vehicles’ technical inspection field

In Cameroon, the Minister of Transport, Jean Ernest Ngallé Bibehe recently announced the entry into force of a new sticker proving the technical...
Monday 18 May 2020Public management

Cameroon: Government allocates XAF36 bln for the implementation of communal projects in 2020

On May 14, 2020, Cameroon's Prime Minister  Joseph Dion Ngute, issued a decree establishing the decentralized resource allocation for the current...


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