economic development

The Ministry of Trade in Cameroon supports the AEDIC association

The Cameroonian Ministry of Trade has decided to support the AEDIC association at all Government Institutions interested in the progress and development of economic and cultural relations between Cameroon and Italy. On 28 May 2019, the Cameroonian Ministry of Trade after a close meeting with President Louis Michel Nekam took the decision to help the AEDIC association and support it in the search for suitable partners to develop a path of investment and progress between Italian and Cameroonian Entrepreneurs. Therefore, the Minister of Trade decided to write eight letters of presentation of the AEDIC association's project, asking the institutions involved to actively participate in helping and developing the project quickly. In addition to the ministry, local institutions are responding very well to this clear and precise impulse from politics. Therefore, the Chamber and Commerce of Duala (Cameroon's economic capital) will send its delegation to Italy. The official delegation of the Cameroon Chamber of Commerce and Agriculture will be composed of: Mr.Tany Jacob Tachot appointment Secretary General Mr.Mbemekou Mossus Joseph appointment Director 10/15 companies and businessmen The mission is to Stipulate a Memorandum of Understanding between CCIA Cameroon and Entrepreneurs, Business Associations, Business Consortia, Chambers of Commerce and productive sectors of our country interested in economic exchange for development and progress between Italy and Cameroon. The mission also plans to organise a Forum and B2B between SMEs interested in entering into JVAs or finding Partners for development between Italy and Cameroon In this doc. you will find that our association Accredited at the Embassy of Italy and the Ministry of Commerce of Cameroon which is supporting the association at the Chamber and Commerce of Duala and other local institutions in Cameroon The market segments of interest to Cameroonian companies are: Livestock sector Agricultural sector Alternative energies Machinery and equipment for the chocolate industry Designing, new and used equipment / presses for moulding thermoplastic materials and for industry in general Banking, finance Real estate, construction Interior design Industrial electricity Industrial cleaning Industrial cleaning Fashion clothing production Packaging and packaging machines If you are interested in participating in the forum or to learn more please fill out the Forum that you find below africaaedic.eu

Cameroon will present a project to the World Bank to bring electricity to 687 localities

Investing in Cameroon - By December 2018, the government of Cameroon aims to present to the World Bank Board of Directors, for funding, a project to electrify 687 localities in the country, through the construction and rehabilitation of lines. According to information revealed about this project, during a seminar held last week in Yaounde, the country's capital, the rural electrification and energy access in underserved areas in Cameroon ( Perace), will be implemented in six regions of the country: North-West, South-West, Adamaoua, North, East-North and East. The project is to bring Perace out of darkness and enable some 370,000 households to have electricity in their homes. The project needs as much as 130 billion CFA francs and should benefit from financial support from other partners in Cameroon, such as the European Investment Bank. africaaedic.eu

Africa Cup of Nations Piccini changes top job in Cameroon

La Piccini appoints a new project manager for the construction of the Olembe sports complex, replacing Belgian Marc Debandt, who has resigned

Piccini Group appoints a new project manager at the Olembe sports complex, replacing Belgian Marc Debandt, who resignedThe Italian Piccini Group announced that Frenchman Benoît Fabre has been appointed project manager for the construction of the Olembe sports complex, replacing Belgian Marc Debandt, who resigned. The new project manager was appointed on 17 February 2018, 24 hours after the resignation of the Belgian.

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The African Football Confederation unveils the official logo confirming the organisation of the CAN in Cameroon in 2019

At this point the debate can stop on whether or not the Nations Cup games will be held in Cameroon. It is now certain The 2019 Cup of Nations will be held in Cameroon. And for good reason, the Confederation of African Football (CAF) unveiled on 17 April, the official logo and name of the football competition that will see all African teams face each other and compete for the Cup of Nations in Cameroon. " This is the official logo of CAN Total, Cameroon 2019 in French and English with features such as the colours and their position on the logo, the white star in the host country of the competition in Africa, especially the logo of the official sponsor which is Total. ' Exults Jean Baptiste Biaye, member of the organising committee (Cocan). He adds that, this revelation denotes the confidence placed in Cameroon by the CAF for the organisation of the competition in June-July 2019. In the same vein, Félix Zogo, president of the Cocan Communication Commission, said: "Symbolically, this draws a definitive line on the issue: whether CAF is yes or no, in agreement with Cameroon to organise the games in the country. For its part, CAF indicated that "any other unauthorised disclosure or use of such logos is prohibited. Violators are subject to sanctions." africaaedic.eu

Cameroon - Elections 7 October and the Anglophone Crisis

The Catholic Church has proposed in an episcopal letter to the "people of God who are in Cameroon, to all Cameroonians", to vote in the upcoming elections, "candidates capable of dealing with the socio-political crisis" that Cameroon is going through. In the same letter from which VOA Africa obtained a copy, the Cameroonian bishops also proposed to Cameroonians to choose only those who are capable of "promoting the unity of the country, its true independence". To this end, Bishop Samuel Kleda, who signed the letter, in his capacity as president of the Cameroon National Bishops' Conference, urged Cameroonians to only take an interest in political programmes that "bring real solutions to the problems afflicting the country. ". Among these problems, Samuel Kleda, Archbishop of Douala, cites "corruption, the loss of a sense of the common good, the crisis in the north-west and south-west regions, social inequalities, youth unemployment, the fight against Boko Haram, the challenges of the judiciary, health, education, infrastructure, ... etc.". The bishops' letter is also a call for massive participation of the people to "exercise their sovereignty by freely, peacefully and responsibly choosing their leaders". However, the Catholic Church urges its faithful and people of goodwill to make choices that do not conflict with their Gospel-inspired beliefs. The Catholic Church also calls through the channel of the bishops 'for free and transparent elections'. Statistics show that 38.4% of the Cameroonian population is of Catholic obedience. Under the auspices of an influential member of this church, the former Archbishop of Douala, Cardinal Christian Tumi, the general conference of Anglophones will be held from 21 to 22 November 2018, which aims to find solutions to end the crisis North-West and South-West regions. The Catholic institution is the only player capable of 'promoting dialogue between the insurgents and the government', said the International Crisis Group last April africaaedic.eu

Cameroon The Nachtigal dam will save $ 100 million a year in electricity

Investing in Cameroon - The World Bank has high hopes for the ongoing construction project of the Nachtigal Dam (420 MW) in Cameroon.

besix wins contract to build hydroelectric power plant in cameroon investIn a note published on 19 July, the financial institution, the financier of the hydroelectric project, explains:

"When operational, the Nachtigal dam will save the country $ 100 million per year in production costs.

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Since 2014, Cameroon has granted tax and customs exemptions to 157 projects

Investing in Cameroon - Since 2014, Cameroon has granted tax and customs exemptions to 157 projects with a total investment of FCFA 3 424 billion

nestle cameroonThe April 2013 law on incentives for private investment in the Republic of Cameroon, has already resulted in the signing of 157 agreements between the State of Cameroon and various promoters of investment projects in the country, reveals the Investment Promotion Agency (API). country, reveals the Investment Promotion Agency (API).

The total investments expected from the various agreements signed since 2014 are estimated at 3,424 billion CFA francs, with 55,000 direct jobs to be created, says the same source.

Recall that this law is intended to entice investors, it grants companies tax exemptions ranging from 5 to 10 years, both during installation and production.

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Cameroon - Mobile telephony up 85% since 2005

  Investing in Cameroon - Mobile phone penetration rate in Cameroon has increased from about 12% in 2005 to almost 83% in 2016 (Investing in Cameroon) - In a report just released, the Ministry of Posts and Telecommunications (MINPOSTEL) has noted a significant change in the mobile phone penetration rate in Cameroon. The use of mobile phones and smartphones increased from about 12% in 2005 to almost 83% in 2016. Available statistics on mobile phone subscriptions show that more than 20 million subscriptions were registered in 2016, the biggest beneficiaries being operators MTN and Orange. As in most African countries, the wired telephone network is in decline in Cameroon due to lack of investment, extension and maintenance, as well as vandalism, characterised by the theft of cables on the network, these and other strategic factors have given a great impetus to the development of mobile telephony. Since 2007, the number of fixed analogue telephone lines has remained below the 2006 figure (112,715 lines) and remains concentrated in the Centre and Littoral regions (more than 7 out of 10 lines). Although the penetration rate of fixed wireless telephony has been steadily increasing since 2005, mainly due to the high propensity for CDMA contracts, MINPOSTEL confirms the finding that fixed telephony remains virtually in decline throughout the period (100,331 wired subscribers in 2005 compared to 67,678 in 2016). africaaedic.eu

Cameroon Mobile Money MTN increases revenues by 404%

Investing in Cameroon - Mobile operator MTN Cameroon Mobile Money in this first half of 2018 seems to be one of the best telecommunications companies in Cameroon. An analysis of the South African group MTN International's financial statements reveals that the number of active customers in its Mobile Money service subsidiary in Cameroon increased by 10.5% between December 2017 and June 2018, reaching 12 million customers. Furthermore, the same source learns, MTN Mobile Money Cameroon's (MoMo) reported revenue grew by 404% between June 2017 and June 2018, strengthening the service's contribution of the company's overall revenue. A further increase in MoMo's revenue in MTN is not to be ruled out in the coming months, its competitor Orange, the leader of the Mobile Money market in the country (with over 2 million users), is developing strategies in order to readjust the price of this service, soon new prices may have a significant impact on its customer base also to curb MTN's great expansion. As a reminder, according to the National Institute of Statistics (INS), MTN Mobile Money is the most used mobile payment service by Cameroonian companies, first when compared to other market players such as Orange Money and Afrikpay, a pan-African operator. africaaedic.eu

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Cameroon - Yaounde
Italy - Gorizia

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