Investing in Central Africa: A notice of expression of interest for domestic and foreign investors who wish to exploit developed agricultural land for rice production in the department of Logone and Charihas just been released by the Cameroonian government through the Ministry of Agriculture and Rural Development (Minader).
Chad-Cameroon Pipeline: the profitability of the project for Cameroon
This pipeline supplying oil to Chad provides significant revenue for the Cameroon, thus contributes to job creation and the revival of the country's economy. Since 2003, the revenue generated for Cameroon has increased compared to 2018 when taking into account the volume of the trade balance of the port of Kribi in 2019.
Cameroon: Unpaid taxes and invoices 67 companies threatened with customs blockade
Bolloré is one of the companies questioned and at risk of a customs blockade.
Edwin Fongod Nuvaga the Director-General of Customshe intervened himself. He asked 67 companies to comply with the law. These companies are multinationals and agribusinesses.
Airborne Troop Battalion routs Boko Haram in Lebialem
Fight against terrorism: Elements of the Airborne Troop Battalion rout attackers at Lebialem
The valiant soldiers of the Cameroonian army, in seven against 15 terrorists, managed to neutralise a group of fifteen terrorists, armed and dressed in camouflage suits, who had set themselves the goal of destroying the supplies and gifts offered by the presidential couple to the population.
SONARA crisis: COBAC suspension of outstanding bank loans in Cameroon?
The Central African Banking Commission (COBAC) has warned that the suspension of the activities of the National Petroleum Refinery Company (SONARA) has greatly affected the non-payment of debts in Cameroon. The fire has in fact completely destroyed units 10 (atmospheric distillation), 30 (fractionation and stabilisation of essences), 40 ...
Cameroon: The new customs system came into force on 1 January 2020
Investing in Cameroon: Finance Minister Louis Paul Motaze made the announcement in a recent press release. We learn in essence that the new computer system called CAMCIS (Cameroon Customs Information System) will be effective in Cameroon from 1 January 2020, studies have already been done ...
Cattle breeding in Cameroon: Coopex Montbéliarde wins contract for FCFA 541 million
A contract for the progressive acquisition of dairy and breeding cows was signed between Cameroon and the French company Coopex Montbéliarde. Contract amount, EUR824,881, or FCFA 541,086,595. According to information made available by the Ministry of Livestock, Fisheries and ...
IMF advises Beac to stop financing BDEAC
According to the International Monetary Fund (IMF), it is not the responsibility of a central bank to ensure the financing of a development bank. Therefore, the Bretton Woods institution in a press release issued on 18 December 2019 recommended that the Bank of Central African States (Beac), avoid ...
Fibre deployment: Cameroon seeks AfDB extension of Backbone project in Central Africa
The Central Africa Backbone (CAB) project is dedicated to the implementation of a broadband telecommunications network through fibre optics in Central Africa. The 8th session of the national steering committee of them was held 30 December 2019 in Yaoundé, the political capital of Cameroon, looks ...
Cameroon: Message from the Head of State to the Nation
Cameroonians, Cameroonians, My dear compatriots, Last year, under the same circumstances, I took stock of the situation before you in three key areas of life in our country. We noted, together, that the security situation in the North West and South West regions remains worrisome, ...
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