Yaoundé - 05 October 2022 -

Cameroon: EDF counts on the World Bank to finance the Kikot dam

Électricité de France (EDF), the company piloting the Kikot dam project on the Sanaga River, is counting on the World Bank to raise the financial...
Wednesday 5 October 2022Public management

Cameroon: Exports improved by 5.4% YoY in Q1 2022

The total export volume from Cameroon to the international market grew by 5.4% year-on-year between January and March 2022. The national stats agency...
Wednesday 5 October 2022Economy

Imported food inflation hovered around 20% in Yaoundé in August 2022

Inflation reached 7.4% in Yaoundé, Cameroon’s capital, in August this year, a recent INS report revealed. This rate was driven mainly by imported food...
Monday 3 October 2022Finance

Cameroon: Banking and Communication activities supported service sector improvement in Q1 2022

The service sector in Cameroon performed well during the first three months of 2022, according to the National Institute of Statistics (INS). The...
Monday 3 October 2022Public management

Food prices went up 14% YoY in August 2022 in Douala

Prices of food items followed an upward trend throughout August this year in the Cameroonian economic capital -Douala, a report from the National Stats...
Monday 3 October 2022Public management

World Bank grants Cameroon CFA200bn+ loan for local development projects

The World Bank announced it has approved a loan of $300 million (more than CFA200 billion) to help Cameroon implement local development projects. In...
Monday 3 October 2022Public management

Cameroonian dealer of French Sanofi becomes liquidated

French pharmaceutical company Sanofi released a legal statement on Monday announcing the liquidation of its Cameroonian subsidiary. Cameroonian Daniel...
Monday 3 October 2022Public management

Cameroon: Water Minister agrees to provide CFA500mln, Camwater staff waives the strike

The personnel of Camwater, the Cameroonian water company, will receive CFA500 million as part of the social debt owed to them by the state. The good news...
Friday 30 September 2022Agriculture

Cameroon seeks to bring local rice production to 750,000 tons by 2030

The Cameroonian government is currently working on a strategy to bring local rice production to 750,000 tons by 2030. The Minister of Agriculture, Gabriel...
Thursday 29 September 2022Public management

Cameroon issued a CFA25 billion 7-year bond on the BEAC market on Sep. 28

Yesterday September 28, the Cameroonian government issued a 7-year fungible treasury bond to raise CFA25 billion on the Beac public security...
Thursday 29 September 2022Agriculture

Cameroon: Rising fertilizer prices slowed food crop production in Q1 2022

The growth rate of food crop production in Cameroon fell by 0.4% YoY in the first quarter of 2022, from 2.5% to 2.1%. According to the National Institute...
Thursday 29 September 2022Finance

Cameroon: Financial partners support local SMEs with CFA14bn

The Cameroonian Minister of Economy, Alamine Ousmane Mey, signed a partnership agreement last September 27, 2022, with the UNDP Resident Representative in...
Thursday 29 September 2022Agriculture

Cameroon could reduce dependence on imports by 32% in 2043

Cameroon could reduce its dependence on food imports (rice, wheat, fish, malt, and beet sugar...) by 31.7% by 2043, a recent ISSA Africa report...
Wednesday 28 September 2022Construction

Cameroon: AfDB approves resumption of contract award process for Bogo-Pouss road construction

The Cameroonian Ministry of Public Work (Mintp) announced the resumption of the contract award process for the Bogo-Pouss road project. This follows the...
Wednesday 28 September 2022Finance

Cameroon: AfDB to boost investments in the private sector

The AfDB Director for Central Africa, Serge Nguessan (pictured), met with actors of the Cameroonian private sector last September 26 in Douala, the...
Wednesday 28 September 2022Public management

Jules Doret Ndongo discusses the effects of the log export ban in Cameroon

The Cameroonian Minister of Forest presented the government’s expectations following the common decision by Cemac countries to ban log exports in the...
Wednesday 28 September 2022Public management

Cameroon: goods trade deficit narrowed significantly in H1 2022 (INS)

The goods trade deficit in Cameroon dropped significantly in H1 2022, according to data from the National Institute of Statistics (INS). The agency...
Tuesday 27 September 2022Public management

The container terminal of the Port of Kribi is expected to triple its capacity by H1 2024

The shareholders of the Kribi deepwater port project are working to triple the capacity of the container terminal by the first half of 2024.  As part...
Tuesday 27 September 2022Public management

ISS Africa sees Cameroon’s carbon emissions at 15.1 mln tons by 2043

By 2043, Cameroon is expected to release 15.1 million tons of carbon into the atmosphere, four times more than the current volume. The analysis was made...
Tuesday 27 September 2022Public management

Camwater MD asked to take urgent measure to improve water quality at Akomnyada station

Yaoundé, the Cameroonian capital, is regularly faced with water shortages due to disruptions at the Akomnyada water station, the city's main water...
Tuesday 27 September 2022Public management

Cameroon customs intercepts 55kg of narcotics headed for the Philippines

Cameroonian customs at the Douala airport seized 55kg of drugs heading to the Philippines last September 22. Official sources said the narcotics were...
Tuesday 27 September 2022Finance

BEAC raises key rates again in an attempt to curb inflation

Following the 3rd 2022 meeting of its Monetary Policy Committee (MPC) held yesterday in Yaoundé, the Bank of Central African States Beac announced it has...
Monday 26 September 2022Public management

Camair-co resumes operations after air traffic controllers suspend strike call

Cameroon’s national airline announced in a September 24 statement it has resumed “normal flight schedule on all our destinations, following the suspension...
Saturday 24 September 2022Mining

Glencore and Sinosteel cases in Cameroon: the need for more transparency on extractive contracts in Africa

A mining contract signed by the Government of Cameroon with Sinosteel, a Chinese multinational, for an iron ore project was the centre of controversy in...
Friday 23 September 2022Economy

Comifac Cracks Down on Illegal Wood Trafficking in Central Africa

The Central African Forest Commission (Comifac) hosted yesterday in Yaoundé the signing ceremony of the Tropical Timber Trade Facility (TTT) project note....
Friday 23 September 2022Economy

Cameroon: Gicam launches support program for art and culture SMEs

The Cameroon Employers’ Grouping (Gicam) announced it has launched a program to boost local SMEs that are active in the art and culture industry. “This...
Friday 23 September 2022Energy

Cameroon: Sonara obtains debt restructuring from Swiss trader Vitol, again

Cameroon's national refining company Sonara obtained a debt restructuring from Swiss trader Vito S.A. Yesterday, the Minister of Finance, Louis Paul...

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