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Yaoundé - 29 March 2024 -
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns

Central Africa set for highest economic growth in a decade amid inflation concerns

Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
Thursday 28 March 2024Public management

EU pledges over CFA12bn for entrepreneurship and electricity access support in Cameroon

The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
Thursday 28 March 2024Public management

MTN Cameroon sees record growth with CFA325.7bn revenue in 2023 amid market challenges

MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Wednesday 27 March 2024Public management

Cameroon's customs enforces air cargo regulations, threatens fines for non-compliance

Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...
cameroon-s-brewer-sabc-surpasses-decade-s-average-annual-investment-in-2023
Wednesday 27 March 2024Public management

Cameroon’s brewer SABC surpasses decade's average annual investment in 2023

Cameroon’s brewing company SABC, a local subsidiary of the Castel Group, claimed a cumulative investment of CFA313 billion over the past decade, as...
cameroon-sabc-s-turnover-falls-by-cfa4bn-yoy-in-2023-despite-increase-in-sales
Wednesday 27 March 2024Public management

Cameroon: SABC's turnover falls by CFA4bn YoY in 2023 despite increase in sales

Cameroonian brewing company SABC announced it has wrapped up 2023 with a turnover of around 729 billion FCFA, slightly down by CFA4 billion compared to...
cdc-s-banana-exports-hit-second-lowest-in-a-year-amid-market-struggles
Tuesday 26 March 2024Agriculture

CDC's banana exports hit second lowest in a year amid market struggles

Cameroon’s agro-industrial company CDC exported only 1,890 tons of bananas in February 2024, according to figures released by the Banana Association of...
bamenda-to-secure-over-cfa6bn-feicom-loan-for-central-market-reconstruction
Tuesday 26 March 2024Public management

Bamenda to secure over CFA6bn FEICOM loan for central market reconstruction

During a special meeting held by the Bamenda Urban Community on March 20, the city's municipal council gave Mayor Paul Achombang Tambeng the green light...
tradex-launches-international-tender-for-butane-gas-cylinders-to-meet-surging-demand-in-cameroon
Thursday 21 March 2024Energy

Tradex launches international tender for butane gas cylinders to meet surging demand in Cameroon

Trading and Exploitation Company (Tradex), specializing in the marketing of petroleum products, has recently initiated an international tender process to...
beac-targets-250-million-withdrawal-from-regional-banks-to-tackle-inflation-despite-previous-setback
Thursday 21 March 2024Finance

Beac targets $250 million withdrawal from regional banks to tackle inflation, despite previous setback

The Bank of Central African States (Beac) plans to initiate three bond issuances targeting the community's banks between March 18 and April 1, 2024....
cameroon-sees-3-2-hike-in-consumer-interest-rates-between-q1-and-q2-2023
Tuesday 19 March 2024Finance

Cameroon sees 3.2% hike in consumer interest rates between Q1 and Q2 2023

Interest rates for individuals have seen an increase of 3.2% between the first and second quarters of 2023 in Cameroon, data from the central bank Beac...
cameroon-extends-tax-payment-deadlines-amid-nationwide-internet-outages
Monday 18 March 2024Public management

Cameroon extends tax payment deadlines amid nationwide internet outages

The Cameroonian Ministry of Finance announced the extension of the tax filing and payment deadlines by a week, pushing the due date from March 15 to March...
cameroon-businesses-see-surge-in-bank-lending-in-q2-2023-despite-beac-s-tight-policies
Saturday 16 March 2024Finance

Cameroon: Businesses see surge in bank lending in Q2 2023, despite Beac’s tight policies

Banks and financial institutions operating in Cameroon provided businesses in the country with loans totaling CFA1,311.6 billion between April and June...
air-liquide-sells-assets-in-12-african-countries-including-cameroon
Friday 15 March 2024Industry

Air Liquide sells assets in 12 African countries, including Cameroon

French industrial gas giant Air Liquide announced yesterday it has sold its operations in twelve Sub-Saharan African countries to the investment firm...
undersea-cable-issues-disrupt-internet-in-cameroon-and-beyond
Friday 15 March 2024Public management

Undersea cable issues disrupt internet in Cameroon and beyond

Internet access in Cameroon has been disrupted since the morning of March 14, 2024, following incidents involving two undersea cables. The Mobile...
the-we4a-initiative-empowering-african-women-entrepreneurs-through-tony-elumelu-foundation-and-giz-eu-partnership
Thursday 14 March 2024Finance

The WE4A Initiative: Empowering African Women Entrepreneurs through Tony Elumelu Foundation and GIZ-EU Partnership

The Tony Elumelu Foundation, in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), supported by the European Union (EU), has...
cemac-investment-financing-drops-to-19-6-of-total-lending-in-q2-2023
Wednesday 13 March 2024Finance

CEMAC: Investment financing drops to 19.6% of total lending in Q2 2023

Banks operating in the CEMAC region primarily issued short-term loans, with durations under 24 months, over the second quarter of 2023 as reported by the...
central-african-interest-rates-climb-in-q2-2023-cameroon-leads-the-surge
Wednesday 13 March 2024Finance

Central African interest rates climb in Q2 2023, Cameroon leads the surge

The average interest rates applied by banks in the Economic and Monetary Community of Central Africa (CEMAC) increased by 106 basis points (1.06%) between...
bvmac-initiates-share-split-to-enhance-financial-inclusion-in-central-africa
Wednesday 13 March 2024Finance

BVMAC initiates share split to enhance financial inclusion in Central Africa

The Central African Securities Exchange (BVMAC) plans to split shares to make financial market participation more accessible to low-income populations....
morocco-tops-the-list-as-cameroon-s-leading-african-supplier-in-2022
Tuesday 12 March 2024Public management

Morocco tops the list as Cameroon’s leading African supplier in 2022

In 2022, Morocco became the leading African supplier to Cameroon. According to the latest external trade report released on February 16 by the National...
fifteen-firms-capture-40-of-cameroon-s-market-revenue-in-2022
Monday 11 March 2024Public management

Fifteen firms capture 40% of Cameroon’s market revenue in 2022

In 2022, fifteen companies in Cameroon accounted for 39.5% of the total revenue in the productive sector, amounting to 5,098.1 billion CFA francs. The...
cameroon-corporate-profits-up-16-1-in-2022-amid-sectoral-challenges
Friday 8 March 2024Public management

Cameroon: Corporate profits up 16.1% in 2022 amid sectoral challenges

The cumulative net income of companies operating in Cameroon saw a 16.1% increase in 2022, according to the "Economic and Financial Study of Companies in...
cameroon-cocoa-hits-record-prices-amid-global-demand-surge
Thursday 7 March 2024Agriculture

Cameroon cocoa hits record prices amid global demand surge

During a collective cocoa sale on March 5, 2024, in Abong-Mbang, a key cocoa-producing area in Eastern Cameroon, producer prices per kilogram soared to a...
cameroon-awards-cfa4-9-billion-road-maintenance-deal-to-cetp-sarl
Wednesday 6 March 2024Construction

Cameroon awards CFA4.9 billion road maintenance deal to CETP Sarl

The Ministry of Public Works in Cameroon has announced the awarding of the Bafang-Nkondjock road maintenance contract to the construction company CETP...
cameroon-injects-cfa2-2bn-into-counter-unemployment-projects
Wednesday 6 March 2024Public management

Cameroon injects CFA2.2bn into counter-unemployment projects

The Cameroonian government has announced the disbursement of CFA2.2 billion to implement High Labor Intensive (HIMO) projects across the country. The...
central-african-appointed-as-the-new-governor-of-beac-amid-regional-challenges
Monday 4 March 2024Public management

Central African appointed as the new governor of Beac amid regional challenges

Central African Yvon Sana Bangui has been appointed as the governor of the Bank of Central African States (BEAC), following a video conference held by the...
cemac-sees-commodity-price-rise-in-q4-2023-but-faces-bleak-outlook-for-2024
Monday 4 March 2024Public management

CEMAC sees commodity price rise in Q4 2023 but faces bleak outlook for 2024

Export commodity prices for the six CEMAC countries experienced a 1.3% increase in the fourth quarter of 2023, according to the Composite Commodity Price...


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