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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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),...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Customs authorities seized over 6,000 contraband Covid-19 test kits in Douala
Former first lady Germaine Ahidjo has passed on
Distribution of public wage between public servants unveiled
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Business in Cameroon n98: March 2021
State personnel Time for a slimming diet
More support to boost the Cameroonian industry’s competitiveness
Investir au Cameroun n108: Mars 2021
Personnel de l’Etat Un régime minceur s’impose
Un soutien à la compétitivité de l’industrie camerounaise
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