Yaoundé - 28 May 2022 -

Emile Parfait Simb, promoter of Liyeplimal, arrested for cryptocurrency scam

Emile Parfait Simb, the promoter of Global Investment Trading (better known as Liyeplimal), which specializes in cryptocurrency investments, was arrested...

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Friday 27 May 2022Public management

International air traffic drops by 62% in Cameroon, due to Covid-19

The international air traffic in Cameroon fell by 62.04% from 868,788 to 357,564 passengers between 2019 and 2020. Domestic traffic also followed the same...
Thursday 26 May 2022Economy

Cameroon: Govt completes fundraising for automatic toll booth project, launches work

The Cameroonian government announced, via its Ministry of public work, (Mintp) that it has finally completed the fundraising for the construction of 14...
Thursday 26 May 2022Construction

British EPC joins the Kribi bitumen plant project

The British consulting firm Euro Petroleum Consultants (EPC), which specializes in petroleum and petrochemical projects, has just signed a "Project...
Thursday 26 May 2022Economy

Cameroon seeks to produce low-cost aqua feed to boost fish production

The Cameroonian government has unveiled plans to produce fish feed at a lower cost to boost production. As part of this strategy, the Ministry of...
Thursday 26 May 2022Energy

Nachtigal Dam: CCN changes project manager, one year after HRD was fired

The Cameroonian company CCN, the main subcontractor of the Nachtigal Hydro Power Company (Nhpc) project, announced in a May 21 note that it has changed...
Wednesday 25 May 2022Economy

Freight transport on the Douala-Ndjamena Corridor fell 10% YoY in 2020

Throughout 2020, 900,000 tons of goods transited on the Douala-Ndjamena corridor. Compared to a year before, the volume is down by 100,000 tons or...
Wednesday 25 May 2022Economy

The number of train passengers dropped by 61% between 2016-2020

The number of train passengers in Cameroon dropped by 60.8% between 2016 and 2020, from 1,582,434 to 572,633. According to information from the Ministry...
Tuesday 24 May 2022Finance

Cameroon closes roadshow for 6th bond issue with a target of CFA250bln

The Cameroonian Minister of Finance, Louis Paul Motazé, closed the roadshow of the country’s 6th bond issue yesterday May 23 in Yaoundé. According to...
Monday 23 May 2022Agriculture

Cameroon: Govt collects weather and climate data to boost agricultural production

The Cameroonian Minister of Agriculture announced a partnership with the National Observatory of Climate Change (ONACC). Under this framework, both...
Monday 23 May 2022Agriculture

NHPC distributes 76,000 cocoa seedlings to local populations

Nachtigal Hydro Power Company (NHPC), the project company for the Nachtigal dam, launched a campaign to distribute 76,000 cocoa plants to the populations...
Monday 23 May 2022Economy

Extractive Industries: Production costs rose 57.6% YoY in Q4 2021 in Cameroon

The ex-factory prices in the industrial sector in Cameroon rose sharply in Q4 2022, following the same trend as in the previous quarter. In a recent...
Monday 23 May 2022Agriculture

Food crisis: AfDB approves $1.5bln facility to support African countries

The African Development Bank (AfDB) announced the disbursement of $1.5 billion (CFA927.7 billion) to help African countries withstand the current...
Monday 23 May 2022Economy

Cameroon: Inflation risks exceeding 3% threshold in the coming months

Cameroon's rising inflation is starting to worry the National Institute of Statistics (INS). In a recent note, the public entity warned that if the trend...
Saturday 21 May 2022Infrastructures

Govt renews fruit terminal equipment at Port of Douala

The Cameroonian government completed the renewal and extension of the fruit terminal equipment of the Port of Douala. The new infrastructure was...
Friday 20 May 2022Economy

CAB project: Cameroon misses out on CFA7bln investment

Cameroon’s Minister of Telecommunications, Minette Libom Li Likeng, presided last May 18 over the 9th ordinary session of the Steering Committee of the...
Friday 20 May 2022Infrastructures

Cameroon seeks CFA1,264bln for road project in Yaoundé

Cameroon plans to raise a total of CFA1,264 billion from a group of investors to build the Yaoundé ring road and develop the four urban hubs connected to...
Wednesday 18 May 2022Finance

Insurers join Cameroon’s 6th bond issue

Insurance companies in Cameroon prefer to turn to the government’s 6th bond issue, whose subscriptions end on May 25, 2022, rather than go to banks....
Wednesday 18 May 2022Economy

Gicam calls for caution as CAR legalizes cryptocurrency

The employers group in Cameroon (Gicam) gave its impressions on the recent legalization of cryptocurrencies in the Central Africa Republic. Gicam believes...
Wednesday 18 May 2022Economy

CEMAC: The interest on the account held at the French Treasury fell 14.7% YoY in 2021

The interest earned by the Bank of Central African Countries on the operating account held at the French Treasury stood at CFA12.4 billion in 2021....
Wednesday 18 May 2022Public management

Cameroon explains recent measures to control exports to the Central African Republic

In a note verbale dated May 13, 2022, the Cameroonian Embassy in the Central African Republic (CAR) rejected accusations that Yaoundé is carrying out a...
Tuesday 17 May 2022Mining

Mbalam iron project: Paul Biya refuses to pay fine, calls for arbitration

Negotiations between Cameroon and Sundance Resources (and its local subsidiary Cam Iron SA), which began in the second half of 2021, for an amicable...
Tuesday 17 May 2022Public management

Toll collectors fired for fraud on the Douala-Bangui corridor

The Minister of Public Works (Mintp), Emmanuel Nganou Djoumessi, signed a decision on May 16 to dismiss some staff on duty at the Mekong toll booth on the...
Tuesday 17 May 2022Finance

Cobac steps up vigilance on cryptocurrencies after DRC legalizes BTC

The Banking Commission of Central Africa (Cobac) unveiled last May 6 its decision to establish a system for identifying and reporting transactions related...
Monday 16 May 2022Economy

Overall market capitalization on the Bvmac hit CFA159bln at end of January 2022, up 13% YoY

The overall market capitalization of companies on central Africa’s regional stock market Bvmac reached CFA159.08 billion as of January 31, 2022, up 12.9%...
Monday 16 May 2022Finance

Bond issue 2022: Cameroon seeks to attract Gabonese and Congolese investors

The Cameroonian Minister of Finance, Louis Paul Motazé (pictured), launched today the roadshow for Cameroon’s 6th bond issue. The Treasury seeks to raise...
Monday 16 May 2022Economy

Cameroonian Albert Zeufack becomes World Bank Rep in Angola, DR Congo and Burundi

The World Bank announced, in an internal note, the appointment of Cameroonian economist Albert Zeufack as the new Country Director for Angola, the...

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