ECONOMY

Business in Cameroon  | In 2019, banana exporters operating in Cameroon shipped 204,320 tons of banana to international markets. Compared with the 203,721 tons exported by the same exporters by December 31, 2018, this volume is up by 599 tons, according to the banana exporters association ASSOBACAM. The conclusion from these official …

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. …

Business in Cameroon  | Over the 2020-2035 period, Cameroon plans to invest a total of XAF5,373.1 billion to build a total of 9,240 km of roads. This is revealed in the Road Master Plan (RMP) the Ministry of Public Works just received from the ECTA-BTP ENGI Tractebel consortium thanks notably to support …

Business in Cameroon  | Last week, in the framework of an operation aimed at sanitizing the national postal sector, the Cameroonian ministry of posts and telecommunications awarded a postal agreement to nine companies that were operating outside the regulations. The said companies are DHL International, Bolloré Transports & Logistics, MTA TXL, Esico, …

(Business in Cameroon) – In an effort to establish a constructive dialogue and resolve differences of interpretation, Mr Abbas Mahamat Tolli (photo) invited extractive industry operators to identify more clearly and specifically the points of concern so that due easing will be made to this monetary policy instrument without, however, questioning …

(Business in Cameroon) – In 2017, the Cameroonian public treasury lost at least XAF314.6 billion of revenues in the hydrocarbon sector, according to a report published by the national hydrocarbon sector SNH and the ministry of finance. This revenue loss was due to two main reasons namely tax expenditures and …

(Business in Cameroon) – On the sidelines of the 2nd Africa Investment Forum organized by the African Development Bank (AfDB), from 11 to 13 November in Johannesburg, South Africa, Alain Ebobissé (photo), Managing Director of the investment fund Africa50, said that after the hydropower sector, the organization he leads has …

(Business in Cameroon) – On November 8, 2019, at the end of the 5th review of its three-year economic and financial programme (2017-2019) with Cameroon, the International Monetary Fund (IMF) expressed its satisfaction with the Cameroonian government’s implementation of the said programme. The delegation also took this opportunity to reveal …

APAnews  | The results of a survey in Cameroon published Monday by the National Institute of Statistics (INS) suggest an overall rate of 36 percent cessation of operations among companies set up in the country between 2009 and 2016. Thus, out of 6,458 targeted companies, 2,316 have closed down, almost all (about …

Douala Autonomous Port (Port autonome de Douala-PAD), the company in charge of the management of Douala port, is preparing the construction of a second container terminal. This was revealed by the specialized magazine dedicated to structuring projects in the Douala-Bonaberi port. According to the magazine, this terminal could be funded …