Yaoundé - 26 June 2022 -

Mobile money tax revenue above target for 2022

Revenue from the Mobile Money tax in Cameroon stood at CFA7.3 billion between February and May this year, according to data published by the Directorate...
Friday 24 June 2022Finance

Afriland First Bank CD shaken by internal conflicts fueled by malpractice accusations

For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...
Friday 24 June 2022Economy

The Port Authority of Douala launches the container terminal renovation

The Port Authority of Douala (PAD) announced it has started works to renovate its container terminal. The project is expected to improve the fluidity and...
Thursday 23 June 2022Public management

IsDB claims a CFA683bln active portfolio in Cameroon

The Islamic Development Bank (IsDB) has an active portfolio of $1.1 billion (about CFA683 billion with current value) in Cameroon. The information...
Thursday 23 June 2022Economy

Cameroon, Côte d'Ivoire to create a joint chamber of commerce

The Cameroonian and Ivorian governments are mulling over creating a joint chamber of commerce. The matter was discussed last June 20 in Douala between the...
Thursday 23 June 2022Agriculture

Fodecc to distribute CFA1.2bln worth of inputs to producers

The Cocoa and Coffee Development Fund (Fodecc) announced the distribution of CFA1.2 billion of inputs to producers in Cameroon. The Fund Director, Samuel...
Thursday 23 June 2022Public management

Camwater users can report poor tap water quality via the toll-free number 8121

Cameroon water utility Camwater informed users they can report the poor quality of the water coming from their taps via the toll-free number "8121". Until...
Wednesday 22 June 2022Economy

Cameroon seeks German partners to build youth education centers

The Cameroonian government has sent a mission to Germany to seek partners for the Multifunctional Centers for Youth Promotion (CMPJ). The one-week...
Wednesday 22 June 2022Economy

Cameroon launches two rating and business plan development apps for SMEs

The Cameroonian government has launched two apps dedicated to the SME environment. One, NotaPme, is a rating app and the second, MyOBus, is for business...
Tuesday 21 June 2022Agriculture

Olam Agri : A dependable partner in Cameroon’s Food Security Agenda.

A general overview of Olam Agri’s operational footprints in Cameroon since 1996. Olam’s rich history and deep understanding of Africa stretches over the...
Tuesday 21 June 2022Economy

Coca-Cola's new partner Sofavin plans CFA25bn investment in Gabon

Sofavin, the new partner of Coca-Cola, unveiled plans to invest up to CFA25 billion (about $40 million) in Gabon by next year. The move is aimed at...
Tuesday 21 June 2022Economy

Cameroon to take a census of government assets, starting in Douala

The Cameroonian government announced the upcoming census of state assets across the national territory. The operation will start in Douala, according to a...
Monday 20 June 2022Public management

Cameroon collects CFA965.2bn in tax revenues between January and May 2022, up 14.7% YoY

The Cameroonian Directorate General of Taxes (DGI) announced it has collected CFA965.2 billion between January and May 2022. Compared to the same period...
Monday 20 June 2022Industry

CIMAF : the pan-african cement group to boost its annual production in Cameroon

On February 3, 2022, the shareholders of CIMAF (the Cameroonian subsidiary of the Moroccan group "Omnium des Industries et de la Promotion", known as OIP)...
Friday 17 June 2022Economy

Cameroon: Govt to triple subsidies for necessities

From CFA15 billion initially, the Cameroonian government now plans to grant CFA40 billion for subsidies for necessities. This new budget, according to...
Friday 17 June 2022Energy

Power disruption announced in five regions, due to works at the Songloulou power plant (384 MW)

The Cameroonian power utility Eneo announced disruptions of electricity in the Northwest, West, Littoral, South, and Central regions from June 15 to 17....
Friday 17 June 2022Economy

Cameroon suggests revising international trade rules to end hunger in Africa

The Cameroonian Trade Minister, Luc Magloire Mbarga Atangana, representing his country at the 12th Ministerial Conference of the World Trade Organization...
Thursday 16 June 2022Economy

French mass distribution company BUT enters Cameroon

BUT, a French mass distribution brand specializing in home furnishings, will open its first store in Cameroon in July 2022. The information was reported...
Thursday 16 June 2022Energy

Cameroon: Fitch says maintaining fuel pump prices is bad for budget deficit

U.S. rating agency Fitch issued a note last June 10 warning that Cameroon will not achieve its budget deficit target this year. "We expect subsidies to...
Wednesday 15 June 2022Public management

Cameroon bets on Covid-19 test kit sales to improve non-tax revenue in 2022

The Cameroonian government has revised its non-tax revenue projections upward. Service revenues, domain revenues, and social contributions are now...
Wednesday 15 June 2022Public management

CEMAC: Beac says CFA devaluation is good for price competitiveness

In its recent price competitiveness analysis in CEMAC, the Bank of Central African States (Beac) reveals that the local currency -CFA- depreciated in...
Tuesday 14 June 2022Economy

Cameroon: Fitch sees inflation above the 3% threshold in 2022, despite mitigation measures

Inflation in Cameroon will rise above the 3% threshold set in the Cemac region, according to the U.S. rating agency Fitch Ratings. “The government has...
Tuesday 14 June 2022Energy

Cameroon earned CFA205bn from oil sales at the end of April 2022, up 68.6%YoY

The Cameroonian Treasury collected CFA205 billion from the National Oil and Gas Company (SNH) at the end of April 2022. Compared to the same period a year...
Tuesday 14 June 2022Finance

BDEAC grants financing to Burundi, its first loan outside CEMAC

The Development Bank of Central African States (BDEAC) approved a total amount of CFA161.8 billion to finance 14 projects in the sectors of education,...
Tuesday 14 June 2022Finance

Cameroonian SMEs still awaiting the BADEA loan, more than a year after announcement

The Cameroonian government announced in March 2021 that it has requested a loan of $18.9 million (about CFA12.3 billion at the current value of the...
Monday 13 June 2022Economy

Five die in a landslide at an artisanal mine in Belita, East region

Five people were found dead on June 9 at an artisanal gold mine in Belita, Kadey department, East region. Cameroon Tribune reported that the tragedy...
Monday 13 June 2022Public management

BDEAC closes FY2021 with a net profit down 11.2% YoY

The Development Bank of Central African States (BDEAC) ended the FY2021 with a net profit of CFA8.7 billion. Compared to a year before, when the Covid-19...

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