Billionaire Dieudonné Bougne expands mining presence with new permits
Cameroonian business magnate Dieudonné Bougne is solidifying his position in the mining industry by securing two additional exploration permits, out of...
Health Minister Meets With Professionals in Push for Quality Healthcare
Cameroon Ramps Up Climate Action with Multi-Agency Agreement
Abortion: Minister Abena Ondoua Warns Against Calls to Follow French Law
Three Cameroonian firms secure $53mn road maintenance contract
Three Cameroonian companies have won contracts to perform maintenance works on 614 km of roads in several parts of the country. The deals are valued at a...
Douala Municipality estimates road repair costs at CFA180bn
Roger Tchangang Kamnang, Director of Major Works at Douala's Urban Community, the city's municipal authority, has reported that over 30% of Douala's 700...
Cameroon's Industrial Prices Drop 5.4% in 2023 Amid Persistent Inflation Concerns
The Industrial Producer Price Index (IPPI) released by the National Institute of Statistics (INS) on May 7, 2024, indicates a decline in production costs...
EU Initiative Reports 80% Surge in Cameroonian Business Productivity
The EU delegation in Cameroon reported it has supported 300 very small enterprises (VSEs) and SMEs through the Cameroon Competitiveness Support Scheme...
Tile Production Start at Chinese-Owned Keda Factory Pushed to July 2024
The commencement of tile production at the Keda Cameroon Ceramics factory, situated in Bipaga within Cameroon's Southern region, has been rescheduled for...
Cameroon-Chad Railway Project: Feasibility Study Complete, Route Selection Awaited
The feasibility study for the construction of a railway line between Cameroon and Chad has been completed, according to information released by the...
Central African Bank's Bond Auction Fails to Attract Bids
The issuance of bonds by the Bank of Central African States (BEAC) on April 29 was declared unsuccessful due to a lack of subscriptions, the central bank...
Electricity Line Restored After Outage in Douala, Concerns Remain
The 90 kV electricity transmission line between Logbaba and Koumassi, which was damaged by a fire on the night of May 1-2, has now been restored,...
Heatwave Warning Issued for Cameroon's Western Region
Meteorological forecasts from the local services of the Ministry of Transport, which oversees the national meteorological direction, predict a heatwave in...
Cameroon govt lifts ban on sale of non-compliant refined oil
Since April 2024, Prime Minister Joseph Dion Ngute's office has directed Commerce Minister Luc Magloire Mbarga Atangana to lift the ban on the sale of...
Power outage hits Douala business hub after fire incident
Douala's administrative and commercial hub has been without electricity since the early hours of May 2, 2024. In a statement released the same day, Eneo...
Cameroon's commerce minister calls for dialog amid beverage price hike threats
Commerce Minister Luc Magloire Mbarga Atangana has scheduled a meeting on May 16, with beverage industry stakeholders, according to letters sent on April...
BGFIBank Cameroon's Credit Portfolio Grows 17% but Falls Short of Targets
BGFIBank Cameroon's credit portfolio reached CFA430.4 billion in 2023, according to data from the Central African Banking Commission (COBAC). This amount...
Cocoa-Coffee: Fodecc plans $19.6mln grant for 75,231 producers in 2024
Cameroon Cocoa and Coffee Development Fund (Fodecc) plans to grant producers CFA10.5 billion ($19.6 million) this year. The initiative was announced...
Fishing: Douala Municipality set to regain control of Youpwe landing stage
Prime Minister Joseph Dion Ngute chaired an inter-ministerial meeting in his offices on April 30. The agenda focused on "preliminary issues to address...
Fintechs and AI seen as key to boosting financial markets in Cemac region
African fintechs and artificial intelligence (AI) are being touted as key to boosting the financial markets, particularly in the Central African Economic...
Cameroon secures nearly CFA500bn credit line from ITFC
Cameroon secured $800 million (over CFA489 billion at the current US dollar value) from the International Islamic Trade Finance Corporation (ITFC),...
AfDB halts funding for Ntui-Ndjole road construction over China Railway failures
The African Development Bank (AfDB) has put a halt on its funding for the construction of the Ntui-Ndjole road, a 60-kilometer stretch along National Road...
Beac sets two-week deadline to withdraw CFA150bn from banks in inflation battle
The Central Bank of Central African States (Beac) kicked off its 4th round of bond issuance on April 29, aiming to tighten bank liquidity. Through three...
Cameroun sees modest rise in electricity access, rural disparity remains
Access to electricity in Cameroon showed a modest increase from 58.4% in 2014 to 60.2% in 2021, according to findings from the 5th Cameroonian Household...
Cameroon pays CFA34.7bn in interest to Eximbank China in Q1 2024
Cameroon settled debts totaling CFA148.2 billion ($267 million) to the Chinese Eximbank in the first three months of 2024, as reported by the National...
BDEAC extends deadline, secures over CFA54bn despite tightening market conditions
The Central African Development Bank (BDEAC) successfully concluded its 2024 multi-tranche bond issue, raising a total of CFA54.7 billion, according to an...
UBA opens $29mln credit line for SMEs in Cameroon
Nigerian banking group United Bank for Africa (UBA) has unveiled a CFA16 billion credit line to support small and medium-sized enterprises (SMEs) in...
Central African Monetary Authority to Phase Out 1992 Banknotes by June 2024
Starting June 1, 2024, banknotes from the 1992 series will no longer be exchangeable at the counters of the Central Bank of Central African States (Beac)....
Central African Stock Exchange proposes reforms to enhance financial inclusion
The Central African Securities Exchange (Bvmac) presented a new set of general rules to the Financial Market Surveillance Commission (Cosumaf), the...
Gecam: Célestin Tawamba's landslide victory raises questions with only 295 voters
The election of Célestin Tawamba as the head of the Cameroon Employers' Association (Gecam) is hailed as a resounding success, according to a statement...
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