Nexttel announces resumption of dialogue between its shareholders

(Business in Cameroon) – On November 19, 2021, Viettel Cameroun SA, popularly known under its trade name Nexttel, published a release announcing the resumption of talks between its shareholders to improve its deteriorating services. “The process for the reorganization of the partnership between Cameroonian and Vietnamese parties was initiated weeks ago. In that regard, the…

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Consulting firm Atou goes to court to oppose its suspension from managing the multi-billion state assets under liquidation

    Business in Cameroon  | On November 5, 2021, Minister Delegate at the Presidency in charge of Supreme State Audit (Consupe), Mbah Acha Rose Fomundam, issued a decision prohibiting consulting firm Atou from “signing or taking any action relating to the management of the residual assets of ex-ONCPB, ONPC, and Regifercam till further notice.” In response,…

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Cameroon opens office in France to support the diaspora willing to invest in their country of origin

Business in Cameroon  | On September 9, 2020, André-Magnus Ekoumou (photo), Cameroon’s ambassador to France, announced the creation of an office that will provide support to the diaspora willing to invest in Cameroon. The release published by the official in that regard does not explain the type of support the bureau will provide but this initiative will…

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Ethiopian Resumes Flights To Benin, Cameroon, Cote D’Ivoire

  2merkato  | Ethiopian Airlines announced it has resumed its flights to the West African countries of Benin, Cameroon, and Cote D’Ivoire. Accourdingly, the specific destinations Ethiopian will be flying are Cotonou (Benin), Douala (Cameroon), and Abidjan (Cote D’Ivoire). Ethiopian had resumed its Dubai flights four times a week earlier, and its cargo operations have been working…

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Cameroon borrows XAF205 billion to boost fish farming and energy interconnection with Chad

  Business in Cameroon  | In Cameroon, the Minister of Economy (Minepat) Alamine Ousmane Mey informs that on April 6, he signed a XAF205 billion loan agreement with the African Development Bank (AfDB). According to the official, this loan will fund the interconnection of Chad and Cameroon’s electricity networks (XAF147.85 billion), the livestock and fish farming value…

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