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(Business in Cameroon) – In the early hours of November 22, 2021, checkpoints were deployed throughout Cameroon to make sure drivers have effectively paid their vehicle stamp duty, counting for the current budget year. According to a note the Director-General of Taxation sent to his collaborators on November 15, 2021, in preparation for the…
(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…
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,…
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…
Business in Cameroon | On September 10, 2020, customs authorities published a communique informing that they have seized empty bottles and cardboards which were to be used in the manufacture of counterfeit whiskey in Mudeka, the South West region. The images published with the communique show that the equipment seized were to be used to produce…
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…
Business in Cameroon | In Q1-2020, at a time the Ministry of Public Works (Mintp) notes that phase 1 (60 km) of the Yaoundé-Douala highway is 83% complete, the providers have a disbursement rate of less than 75%. According to a note from the Mintp, the financial progress is 67.83% or 181,834,581,396 [XAF] “for a…
By Basil K Mbuye Buea-based businessman and owner of Eclipse Company Ltd, Kobi Celestine is doing his bit to support the fight against coronavirus – by donating hundreds of face masks to locals of Miles 16 and 17 neighbourhoods. Kobit a dealer in wholesales and retail of drinks recently stormed these neighbourhoods…
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…
Business in Cameroon | On March 19, some fish shops and retail stores were closed, in Yaoundé, by order from the Minister of Trade Luc Magloire Mbarga Atangana. On March 23, two other rice stores in Yaoundé, Sorepco, and Sotracodim namely, fell under the same penalty. According to sources at the Ministry of trade, although Sorepco…
