Cameroon: XAF3,500 bln needed for the reconstruction of Anglophone regions (RDPC)
In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling...
Beware! Don’t check your MoMo account balance right after you receive a scam call
No, the turmoil in Sangmelima didn’t start with an inter-ethnic crime
No, the UN has not ranked Cameroon as one of the top human rights abusers
French chocolate-maker Puratos eyes Cameroonian cocoa
Today October 21, 2019, a delegation of French chocolate maker Puratos was in Ntui, in the Central region, Cameroonian Minister of commerce Luc Magloire...
Cameroon: Public treasury plans to issue card for civil servants’ salary payment
During an interview, on October 21, 2019, Achille Nestor Basahag, director of accounting at the Cameroonian ministry of finance, revealed that in the...
France: First supplier of imported products under Cameroon’s economic partnership with the EU
Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
Cameroon: Successes and challenges of the construction of the Nationale n°15
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
CEMAC: Authorities praise a rise in the volume of currency channeled back by banks to the BEAC
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
Cameroon: 18 carriers authorized to operate in Nov 2019- March 2020
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...
Cameroon: Eneo reports XAF8 bln loss on 2018 sales due to Anglophone crisis
In its recently published 2018 business review, Cameroonian utility company Eneo announced a XAF8 billion loss on sales due to the sociopolitical crisis...
Gérard Romero becomes director of Air France-KLM Cameroon and Equatorial Guinea
Since August 1st, 2019, Gérard Romero took over the management of Air France-KLM Cameroon and Equatorial Guinea, in replacement to Olivier Jallet. Before...
AfDB provides XAF12 bln loan for construction of the road connecting Cameroon and Nigeria
On October 11, 2019, President Paul Biya authorized the minister of the economy Alamine Ousmane Mey to sign a €17.96 million (close to XAF12 billion)...
Sinohydro delivers lot 4 of Batchenga-Ntui-Yoko-Lena-Tibati road
Chinese company Sinohydro, winner of lot 4 for the construction of Batchenga-Ntui-Yoko-Lena-Tibati road, has delivered its Yoko-Lena (44.9 km)...
World Bank group backs Cameroon’s development policies with over XAF117 bln
On October 15, 2019, Cameroon, via its minister of the economy Alamine Ousmane Mey, signed a $200 million (XAF117.744 billion) funding agreement...
Large companies benefit more from the economic partnership with the EU than SMEs (GICAM)
“The least we can say is that, for the time being, the Economic Partnership Agreement [wih the EU] benefits the large companies and subsidiaries of...
Germany offers a non-timber forest products’ processing plant to women in Northern Cameroon
GIZ, a German development agency, is currently building a store in Gashiga, not so far from Garoua, Northern Cameroon. The infrastructure, official...
SCDP to raise its gasoline storage capacity by 20,000 m3
Cameroonian oil products’ keeper Société Camerounaise des dépôts pétroliers (SCDP) just launched an international call for expression of interest to...
Cameroon to raise XAF110 bln on BEAC debt market in Q4, 2019
The ministry of finance recently published the indicative timetable of fundraising operations it will conduct on BEAC’s debt market during the fourth...
Cameroon: The EU calls for the continuation of the national dialogue
Last October 14, the European Union council adopted a dozen conclusions on Cameroon, which is experiencing a sociopolitical crisis, in the Anglophone...
Eseka railway accident: French cabinet Cerutti points at Camrail’s heedlessness
On October 9, 2019, Pierre Cerutti, CEO of French cabinet Cerutti, sent an open letter to Paul Biya, president of Cameroon, about the Eseka rail accident...
Cameroonian native Basile Tchakounté becomes Fagace’s acting MD
Last October 3, 2019, in Cotonou, Benin, members of the administrative board of the African Fund of Guarantee and Economic Cooperation (Fagace) appointed...
CEMAC : Basic products’ composite index 3.9% up in Q2, 2019
In Q2, 2019, the cost index of basic products exported by CEMAC countries rose by 3.9%, the BEAC reveals. In Q1, that same index recorded a 6.2%...
Cameroon terminates Elevo’s XAF48.2 bln road construction contract over work delay
On October 4, 2019, the Cameroonian minister of public works Emmanuel Nganou Djoumessi (photo), terminated Portuguese company Elevolution Engenharia...
Civil service: Cameroon to start the dematerialization of cash vouchers to reduce frauds
This month, Cameroon will start the dematerialization of its cash vouchers, the minister of finance Louis Paul Motaze (photo) informs. This...
Nigeria-Cameroon: Towards an association in the cocoa sector for better prices
Nigeria plans to associate with Cameroon to obtain better prices for their cocoa. This was announced, on October 10, 2019, by Sayina Riman, president of...
Cameroon honors Africa during the Global Fund’s sixth replenishment conference
During the Global Fund’s sixth replenishment conference in Lyon, France, held last October 9-10, Cameroon contributed XAF3 billion. Cameroon’s...
Kribi deep seaport awards its top logistics services providers
Six of Kribi deep seaport’s logistics services providers were awarded, on October 10, 2019, for their performances in goods’ handling, official sources...
Cameroon: 1,069 artifacts and fossils collected in the framework of Lom Pangar dam’s construction
In Yaoundé, Cameroon, Institut français du Cameroun (IFC), recently hosted a 10-day varnishing workshop around the theme "Lom Pangar, un barrage qui...
Cameroon: OFII helped reintegrate 110 residents who returned from France
From 2010 to date, Cameroon has spent more than XAF570 million to support residents who returned home after a stay in France. Thanks to these supports,...
Cameroon: Customs revenues up by 200% in 2007-2018
Between 2007 and 2018, Cameroon doubled its customs revenues, according to figures published by the ministry of finance in the 2020-2022 budgetary stance....
Company creation: simplification reforms helped save XAF197.3 bln at end-2018
In Cameroon, the simplification of business creation procedures has helped entrepreneurs save XAF197.3 billion between 2010 and 2018. This was revealed by...
Cameroon: A Carrefour’s Cash & Carry store to be launched by end 2020
In the framework of its expansion in Sub-Sahara Africa, French retail group Carrefour, which partnered with CFAO Retail for this conquest of the African...
CEMAC: 80% of BEAC’s liquidity provisions captured by unqualified systemic banks
In a recent report dedicated to CEMAC countries’ economy, it is revealed that about 80% of the liquidities injected by the BEAC was provided to three...
Global Fund: Paul Biya in France to raise close to XAF100 billion
From October 9 to 10, 2019, Cameroon’s president, Paul Biya, will participate in the sixth Global Funds’ replenishment conference in Lyon, France....
BEAC commits to raising NFA to XAF3,000 bln by end 2019
The IMF recently published a report on CEMAC’s common policies initiated since 2017 to support members’ reform programs. In the report, the IMF indicates...
Le Cameroun s’intéresse au programme-cadre de recherche Horizon 2020 de l’Union européenne
At the request of the Cameroonian minister of the economy, the European Union presented, in October 2019, its Programme Horizon 2020, in Yaoundé. During...
Over 6,400 tons of illegaly-harvested fishes seized at Lagdo dam
In Cameroon, the regional delegation of the ministry of livestock for the Northern region seized more than 6,400 tons of fish illegally harvested at Lagdo...
Cameroon: Boosted by PHP, banana exports rose by 3,200 tons in Sep 2019
In September 2019, the two banana exporters still operating in Cameroon exported 18,309 tons of banana, according to figures published by the banana...
Cameroon: XAF1,400 bln needed to boost rice production to 1.4 mln tons by 2024
XAF 1,400 billion is the amount needed to implement the recovery plan suggested by the Cameroonian Ministry of economy to relaunch the rice industry....
Cameroon: Adoption of E-signature rising but still needs publicity, according to the INS
Data gathered from the Cameroonian IT and Telecoms Agency ANTIC reveal notable advances in the use of digital signature in the country. According to the...
Cameroon will “encounter tremendous difficulties” in timely debt servicing till 2026 (government)
At a little more than 35% of GDP in late April 2019, Cameroon’s public debt is still sustainable. Indeed, according to the convergence criteria within...
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Business in Cameroon n80: October 2019
Agribusiness: Brazil ready to show Cameroon the way to higher spheres
Reviewing the state of things in the North and Far North
Investir au Cameroun n90: Octobre 2019
Le coût faramineux de la « crise anglophone »
Décollage réussi pour la Transahélienne de Camair-Co
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