logoBC
Yaoundé - 20 January 2022 -
Insurance

Cameroon: Telecom investments shrunk by 23.8% in 2017

Cameroon: Telecom investments shrunk by 23.8% in 2017
  • Comments   -   Thursday, 15 November 2018 13:08

(Business in Cameroon) - In 2017, investments in the Cameroonian telecom sector totaled CFA305.3 billion after a peak at CFA400 billion in 2016 which was the best performance since 2009, the sector’s regulatory authority said in a recent report.

Though it excludes the “entrance or renewal fees”, the figure is down 23.8% from the previous year, the document read. This poor performance stemmed from a lower investment in 2017 by operators including Orange, MTN and Nexttel. As the main investors in Cameroon's telecom sector, these operators made major investments in 2014, 2015 and 2016.

Let’s note that Nexttel launched the first 3G network in the country in 2014. MTN and Orange renewed their licenses for 3G and 4G in 2015 while the 2016 year corresponds to the expansion of these technology across the country (2016).

BRM

cemac-repo-facilitated-interbank-borrowings-almost-doubled-yoy-in-2021
In 2021, the volume of interbank borrowings through the repo agreement rose by almost 100% in the CEMAC, a recent report by the central bank BEAC...
cameroon-customs-administration-cease-recourse-to-external-parties-for-implementation-of-goods-geolocation-service-nexus
On January 18, 2022, Cameroonian customs authorities issued a release concerning rumors that claim the social rights of some twenty private agents have...
telecoms-camtel-draws-closer-to-the-official-launch-of-its-mobile-service
Incumbent operator CAMTEL recently launched “Blue” sim cards for its mobile subscribers five months after the creation of its new commercial brand...
cameroon-state-real-estate-corporation-sic-loses-xaf500-mln-annually-by-paying-vat-from-its-equity
Every year, Cameroon Real Estate Corporation (SIC) loses money because it fails to add VAT taxes to the rent collected from clients. This is the...

Mags frontpage


Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius


This is how Gozem plans to revolutionize the transport sector in Cameroon


Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais


Comment Gozem veut révolutionner le transport urbain au Cameroun