Yaoundé - 14 October 2019 -

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...
Friday 11 October 2019Public management

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...
Friday 11 October 2019Public management

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...
Friday 11 October 2019Tourism

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...
Friday 11 October 2019Diaspora

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,...
Thursday 10 October 2019Economy

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....
Thursday 10 October 2019Economy

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...
Thursday 10 October 2019Economy

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...
Thursday 10 October 2019Finance

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...
Wednesday 9 October 2019Health

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....
Wednesday 9 October 2019Economy

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...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Wednesday 9 October 2019Economy

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...
Wednesday 9 October 2019Farming

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...
Wednesday 9 October 2019Finance

Cameroon: Public debt rose by 37% in 2 years due to economic program with the IMF and statutory advances to BEAC

Within 2 years, Cameroon’s publicly guaranteed debt rose by 37%. This was revealed by the minister of finance Louis Paul Motazé (photo) during his...
Tuesday 8 October 2019Agriculture

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...
Tuesday 8 October 2019Agriculture

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....
Tuesday 8 October 2019Economy

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...
Tuesday 8 October 2019Public management

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...
Tuesday 8 October 2019Finance

Afriland First Group authorized to launch operations in Uganda

Bank of Uganda officially announced, on October 4, 2019, the issuance of licenses to two new banks, including Afriland First Bank Uganda Limited,...
Monday 7 October 2019Construction

Construction of Bakassi deep seaport at Cameroon’s border approved

Bakassi deep seaport, at the Cameroon-Nigeria border, will soon be built. According to Ben Ayade, governor of Cross River state, in Nigeria, the federal...
Friday 4 October 2019Health

Cameroon inks XAF650 mln deal to rebuild Kumba hospital burnt by separatists

Cameroon, via the minister of health Malachie Manaouda (photo), recently signed a XAF650 million agreement for the reconstruction of Kumba hospital. This...
Friday 4 October 2019Public management

Cameroon: Raw log exports to the EU dropped 14% in H1,2019

In H1, 2019, Cameroon’s raw log exports to the EU dropped by 14% to 7,000 metric tons, according to figures published by the International Tropical Timber...
Friday 4 October 2019Energy

Construction of 75 MW Bini dam has not started yet despite the energy minister’s previous assurance

The minister of water and energy’s visit, in February 2019, to the Bini 75 MW dam’s construction site, in Adamaoua, changed nothing about the static...
Friday 4 October 2019Economy

National dialogue: Effective decentralization with special status for Anglophone regions decided

Today, October 4, 2019, Cameroonians are expecting the publication of resolutions adopted during the national dialogue, held since last September 30 to...
Friday 4 October 2019Finance

Beac: New banknotes to soon be issued

BEAC, the central bank of CEMAC countries, is preparing to put new banknotes into circulation. The information was revealed in Resolution N°7 of the...
Thursday 3 October 2019Wood

Cameroon was the leading EU supplier of sawn timber in H1, 2019

In H1, 2019, Cameroonian sawn timber exporters exported 141,000 metric tons of the product to the European Union. This is revealed by the International...
Thursday 3 October 2019Public management

Cameroon issues toll-free number to report unlawful practices in markets

Since September 25, 2019, victims or witnesses of any unlawful practice in Cameroonian markets can freely and anonymously notify the ministry of trade on...
Thursday 3 October 2019Energy

Cameroon to facilitate access to solar energy for 1,000 Northern households with the UN and India’s support

Via the ministry of water and energy, Cameroon signed on Septemeber, 26, 2019, a partnership agreement with UNESCO’s regional bureau. This partnership was...
Thursday 3 October 2019Economy

Bicec: Some Cameroonian lawyers are still opposed to BPCE’s divestment process

Cameroonian lawyers opposed to the sale of BPCE’s stakes in Bicec reacted to the finalization of this transaction on October 2, 2019. In a joint...
Thursday 3 October 2019Economy

Cameroon launches Korea-inspired customs system to speed up import/export processes

Cameroon has embarked on an IT transition in the customs sector in order to replace “Sydonia++”, its automated customs system. In that regard, the...
Wednesday 2 October 2019Public management

Cameroon negotiates a XAF387.6 bln loan with Eximbank China for phase II of Kribi deepwater port’s construction

A note from the major projects’ preparation team at the ministry of economy provides new information on the second phase of the construction of the Kribi...
Wednesday 2 October 2019Public management

Multiprint receives bonus from competitiveness boosting institution BMN for tangible investments

Today, October 2, Bureau de mise à niveau des entreprises camerounaises (BMN) handed a bonus for tangible investment to Multiprint. This bonus, estimated...
Wednesday 2 October 2019Finance

Cameroonian economist Célestin Monga quits his job as vice-president of the AfDB

Renowned Cameroonian economist Célestin Monga officially quit his position as the vice-president of the African Development Bank (AfDB). According to...
Wednesday 2 October 2019Agriculture

Programme agropoles has been struggling financially for three years now, the INS reveals

The national institute for statistics (INS) recently published a report assessing the Programme agropoles (PAG). This programme was implemented since 2016...
Wednesday 2 October 2019Finance

BCP finalizes the acquisition of 68.5% stake in Bicec

On October 1st, 2019, Morrocan banking group Banque centrale Populaire (BCP) officially finalized the acquisition of a 68.5% stake in Banque...
Tuesday 1 October 2019Economy

Cameroon plans to increase many taxes and duties in 2020

On September 27, 2019, in Douala, the Cameroonian minister of finance Louis Paul Motaze (Photo) presented the tax and customs orientations of the 2020...
Tuesday 1 October 2019Wood

With 76,000 m3 exported in H1, 2019, Cameroon became the 6th sawn wood supplier to China

In H1, 2019, Cameroon exported 76,000 m3 of sawn timber to China. According to the International Tropical Timber Organization (ITTO) which revealed the...
Tuesday 1 October 2019Economy

Cameroon seeks Qatar’s expertise to save Camair-Co

Last Wednesday, on the sidelines of the 40th general assembly of the International Civil Aviation Organization (ICAO) in Canada, Cameroon’s minister of...
Tuesday 1 October 2019Economy

Industrialization at the heart of CIF 2019 in Douala

“Industrialisation through import substitution” is the theme retained for the third edition of the Cameroon Investment Forum (CIF). It will be organized...
Tuesday 1 October 2019Finance

Cameroon raises, in extremis, XAF20 bln on BEAC’s market

Once again, on September 25, 2019, Cameroon successfully concluded its XAF20 billion fungible bills operation on BEAC’s debt market. However, according to...
Monday 30 September 2019Politics

Cameroon: The national dialogue has started today, Sept 30, 2019

In Cameroon, the national dialogue started today September 30, 2019, at the Yaoundé congress center. Called by President Paul Biya, this dialogue is aimed...

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