Yaoundé - 22 April 2021 -

Cameroon enters the top 3 of Dangote Cement’s most dynamic subsidiaries

In 2020, Cameroon was the Nigerian cement group Dangote’s third most dynamic subsidiary in Africa. This was revealed in the group’s recently published...

Wednesday 21 April 2021Public management

MINDDEVEL expresses concerns over the management of garbage removal tax proceeds

Minister of Decentralization and Local Development, Georges Elanga Obam (photo) recently expressed his concerns over the management of the...
Wednesday 21 April 2021Agriculture

Cameroon loses 40 to 50% of its cocoa seedlings to climate change every year (SODECAO)

Cameroon loses 40 to 50% of its cocoa seedlings in nursery plants every year because of climate change due to which dry seasons are increasingly longer....
Wednesday 21 April 2021Finance

CEMAC: Towards the creation of a regional credit information bureau

On April 20, the Bank of Central African States (Beac) issued a pre-qualification notice for the selection of a technical and strategic partner to...
Wednesday 21 April 2021Agriculture

China is the main destination for Cameroon’s cotton (SODECOTON)

During the 2020-2021 cotton season, which will be concluded in the next few days, Cameroon Cotton Development Corporation (SODECOTON) is expected to...
Wednesday 21 April 2021Economy

Customs authorities announce the seizure of a large quantity of smuggled medical products in the Southwest

On the night of April 20 to 21, 2021, agents of the Idenau Customs Commercial Brigade, Southwest Cameroon, seized an important quantity of medical...
Tuesday 20 April 2021Economy

Cameroon recorded 0.7% GDP growth in 2020 (INS)

The National Institute of Statistics (INS) recently published a note informing that Cameroon’s 2020 growth was 0.7%, down from the 3.7% growth recorded in...
Tuesday 20 April 2021Public management

Cameroon moves to develop industrial fishing along its dams to reduce imports

On April 15, 2021, the Minister of Livestock, Fisheries and Animal Industries, Dr. Taiga, held a consultation meeting with Théodore Nsangou, General...
Tuesday 20 April 2021Public management

Cameroon to set up three funds to support companies in their post-COVID-19 recovery efforts

The Cameroonian Ministry of the Economy recently issued a call for expression of interests to recruit a partner (a bank or microfinance institution) for...
Tuesday 20 April 2021Public management

FEICOM grants XAF7.7 bln financial assistance to 22 communes

Local development council FEICOM (Special Council Support Fund For Mutual Assistance) announced that its financial assistance committee recently granted...
Tuesday 20 April 2021Energy

ENEO ends long-standing dispute with GDC with XAF2.7 bln settlement agreement

In a notice published yesterday, April 19, Victoria Oil & Gas (VOG), announces that a settlement agreement was reached with electric utility ENEO...
5923-HIMA-PUB13-Meet Inn Eng Banner Resized 1000 x 90 px V2
Monday 19 April 2021Economy

CAMWATER estimates monthly losses to water frauds at XAF1 bln

On April 15, 2021, on the government media CRTV, national water utility CAMWATER estimated its monthly losses to water frauds at XAF1 billion.   "In...
Monday 19 April 2021Agriculture

SODECAO to distribute 4 mln high-yield cocoa seedlings to producers

The Cocoa Development Company (SODECAO) is currently planning the distribution of 4 million high-yield cocoa seedlings, official sources reveal....
Monday 19 April 2021Economy

AICS-Cameroon becomes the fifth partner of Huawei ICT Academy

On April 14, 2021, in the premises of the African Institute of Computer Science (AICS), Huawei Cameroon launched the training courses to certify...
Monday 19 April 2021Economy

COMIFAC: Council of Ministers expresses its concerns over the regional institution’s poor financial situation

On April 15, 2021, the Council of Ministers of the Central African Forests Commission (COMIFAC) held a videoconference under the...
Monday 19 April 2021Public management

Cameroon assumes ALUCAM’s over XAF50 bln debt to ENEO

Last weekend, Minister of Finance Louis Paul Motazé signed a document establishing the assumption of aluminum producer ALUCAM’s debt, owed...
Monday 19 April 2021Economy

Power outage, debts, dilapidated electricity transport infrastructure: ENEO’s CEO opens up about the problems facing the Cameroonian electricity sector

In late 2019, electric utility ENEO was owed XAF180 billion of unpaid bills by its clients. Out of that envelope, XAF63 billion was owed by state-owned...
Friday 16 April 2021Agriculture

Cameroon: Close to 2.7 mln people are food insecure (Government)

Close to 2.7 million people are food insecure in Cameroon, according to Minister of Agriculture and Rural Development Gabriel Mbairobé. The official...
Friday 16 April 2021Public management

Cameroon: Public Companies recorded XAF452.5 bln of external debt at end-2020 (CAA)

As of December 31, 2020, public companies’ external debt was XAF452.5 billion, according to the national sinking fund CAA. The Same source informs...
Thursday 15 April 2021Economy

Cameroon appoints the 11 members of the National Mining Corporation’s board of directors

On April 14, 2021, President Paul Biya signed a decree appointing 11 members of the Board of Directors of the National Mining Corporation (SONAMINES),...
Thursday 15 April 2021Finance

Cameroon: Eurobond REPCAM 9.5% 19 nov 2025 becomes attractive days after refinancing announcement

Since the announcement of the choice of Rothschild & Co as the lead arranger of Cameroon's second Eurobond operation, the quality of  REPCAM...
Thursday 15 April 2021Energy

Cameroon: The National Assembly calls on the government about the repeated power outages

Electric utility ENEO and electricity transport company SONATREL should be held liable for the numerous power outages being experienced in the country...
Thursday 15 April 2021Economy

CEMAC: BEAC revises the 2021 growth projection to 1.9%

On April 13, the BEAC Monetary Policy committee revised its 2021 growth forecast for CEMAC countries from 2.8% to 1.9%. The new projection is lower than...
Wednesday 14 April 2021Energy

Electricity regulator ARSEL warns ENEO for various shortcomings and regulatory violations

Last April 13, Electricity Sector Regulatory Agency (ARSEL) issued a warning to electric utility ENEO for its "numerous shortcomings." "During the joint...
Wednesday 14 April 2021Finance

Cameroon: Top 5 of the local banks with the highest outstanding bank loans at end-Feb 2021

As at end-February 2021, the volume of outstanding loans granted by the 15 banks operating in Cameroon was XAF3,956.3 billion, according to data from the...
Wednesday 14 April 2021Finance

Louis Paul Motazé cautions residents against unlicensed microfinance institutions

Minister of Finance Louis Paul Motazé recently published a list of the 415 microfinance institutions approved in Cameroon as of December 31, 2020. In...
Tuesday 13 April 2021Public management

Cameroon signs 3-year XAF413 bln framework agreement with the ITFC

On April 12, 2021, the International Islamic Trade Finance Corporation (ITFC), through its CEO Hani Salem Sonbol, signed a three-year financing agreement...
Tuesday 13 April 2021Finance

Cameroon: Outstanding bank loans rose by XAF43.6 bln MoM in Feb 2021 (BEAC)

From XAF3,912.4 billion in January 2021, the volume of outstanding bank loans in the Cameroonian banking sector rose to XAF3,956.3 billion in...
Tuesday 13 April 2021Public management

BEAC to build a new branch in Limbé

In the framework of its program to renew its facilities and extend its network in Cameroon, the Bank of Central African States (BEAC) will build a new...
Tuesday 13 April 2021Agriculture

Cameroon: ITFC inks XAF64 bln interest-free agreement to support SODECOTON’s agricultural inputs purchase

On April 12, 2021, the International Islamic Trade Finance Corporation (ITFC) signed two financing agreements with Cameroon, through the...
Monday 12 April 2021Economy

Cameroon: Tax directorate authorizes MTN as a tax declaration and payment medium

Taxpayers under the divisional tax centers can now declare and pay their taxes via MTN Cameroon. This is the information recently provided by the...
Monday 12 April 2021Finance

Cameroon: Medium and long-term credits constituted over 51% of loans granted by commercial banks in Feb 2021 (BEAC)

In February 2021, commercial banks operating in Cameroon granted XAF82.3 billion of long-term loans (repayable over 80 months on average) to economic...
Monday 12 April 2021Public management

Port of Douala: The oil terminal is operational once again after 20 years of inactivity, PAD indicates

After 20 years of inactivity, the oil terminal of the port of Douala-Bonabéri is operational once again. Indeed, on April 11, 2021, the oil terminal...
Monday 12 April 2021Economy

Cameroon: Total amount of domestic public debt securities rose four-fold to XAF1,013 bln between 2015-2020 (CAA)

In its recent report on Cameroon’s public debt, the national sinking fund CAA explains that one of the reasons the public debt rose by 5.6% as of December...
Monday 12 April 2021Public management

Mobile telephone subscribers’ identification: Telecom regulator ART admonishes Cameroonian operators

In Cameroon, the mobile telephone subscribers’ identification operations are not being carried out in compliance with the required standards. This is the...
Friday 9 April 2021Economy

Cameroon: Public corporations’ guaranteed debt dropped by 24.5% YoY to XAF28 bln at end-2020 (CAA)

As of December 31, 2020, the guaranteed debt of Cameroonian public corporations was XAF28 billion, according to the national sinking fund CAA. The CAA...
Friday 9 April 2021Economy

Cameroon: Poultry farmers will charter flights to reduce transport costs of poultry products imported from Brazil (IPAVIC)

Since March 22, 2021, when the government authorized the importation of poultry products from Brazil, Cameroonian poultry farmers have been gearing...
Friday 9 April 2021Public management

Boosted by CDC’s performance, Cameroon’s banana exports rose by 5,082 tons YoY in Q1-2021 (ASSOBACAM)

In Q1- 2021, Cameroon exported 54,900 tons of banana, according to the Banana Association ASSOBACAM. Compared with the 49,818 tons the country...
Friday 9 April 2021Infrastructures

Cameroon to commission the first section of the Yaoundé-Douala highway by Jan 2022

Cameroon plans to commission the first 60 kilometers of the Yaoundé-Douala highway before the AFCON2021, which will start in January 2022. This was...
Thursday 8 April 2021Energy

Cameroon: ENEO has installed about 100,000 prepaid meters to address various challenges

Electric utility ENEO has already installed 100,000 prepaid meters in the framework of its policy to modernize the metering equipment. The figure was...
Thursday 8 April 2021Energy

Akeno SA introduces transparent gas cylinders in the Cameroonian market

Cameroonian company Akeno S.A. recently introduced transparent gas cylinders into the Yaoundé market. With the innovative cylinders, buyers can just look...

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