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
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
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
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
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
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
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
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
Trading and Exploitation Company (Tradex), specializing in the marketing of petroleum products, has recently initiated an international tender process to...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
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
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
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
Internet access in Cameroon has been disrupted since the morning of March 14, 2024, following incidents involving two undersea cables. The Mobile...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
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
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
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
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
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
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
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
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
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
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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