logoBC
Yaoundé - 20 October 2019 -
Telecom

In Cameroon, national citizens take 100% control of YooMe, former subsidiary of Swiss YooMe Africa AG

In Cameroon, national citizens take 100% control of YooMe, former subsidiary of Swiss YooMe Africa AG
  • Comments   -   Friday, 01 September 2017 15:26

(Business in Cameroon) - The ISP YooMe Cameroon made a major change last 25 August 2017 in Douala, the Cameroonian economic capital, in becoming YooMe Mobile. This new entity will no longer operate as an internet provider as it did in the past, but as a mobile virtual network operator (MVNO), thanks to a partnership with CAMTEL, the Cameroonian national telecoms operator. But, according to Emmanuel Forson, head of the new entity, this technical change was preceded by a structural change, which henceforth made YooMe Mobile, a company whose capital is 100% owned by Cameroonians.

As a reminder, before this asset disposal, whose details have not been disclosed, YooMe Cameroon was a subsidiary of the company YooMe Africa AG, based in Geneva, Switzerland. The new owners in Cameroon have announced investments of around FCfa 10 billion and the creation of more than 2000 direct and indirect jobs.

BRM

france-first-supplier-of-imported-products-under-cameroon-s-economic-partnership-with-the-eu
Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
cameroon-successes-and-challenges-of-the-construction-of-the-nationale-n-15
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
cemac-authorities-praise-a-rise-in-the-volume-of-currency-channeled-back-by-banks-to-the-beac
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
cameroon-18-carriers-authorized-to-operate-in-nov-2019-march-2020
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage


Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres


Reviewing the state of things in the North and Far North


Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »


Décollage réussi pour la Transahélienne de Camair-Co