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Cameroon repatriated FCFA 644 B of exports revenues in 2019

Business in Cameroon  | During the 2019 fiscal year, Cameroon successfully repatriated FCFA 644.721 billion of exports revenues. According to the Ministry of Finance, which revealed the information, Cameroon is thus reaping the first rewards of the new foreign exchange regulation No. 02/18/Cemac/UMAC/CM which came into force on March 1, 2019. According …

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Cameroon imposes 20% precautionary freeze on some administrations’ budgets to ensure proper budget implementation

Business in Cameroon  | Reading through the circular that sets the framework for the implementation of the 2020 Finance bill, it appears that Cameroonian administrations must impose both budgetary discipline and rigour on themselves and appropriate the regulatory measures (quarterly quotas and precautionary freezes) necessary for the proper implementation of the budget. …

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