ECONOMY

(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 …

In the aftermath of the May 31, 2019, fire outbreak at Société nationale de raffinage (Sonara) in Cameroon, the Central African countries’ banking commission (Cobac) published an analysis on the said company it qualifies as “grandstanding”. According to the commission, the suspension of the activities of Sonara has a great …

Cameroon says the separatist war in its English-speaking regions has made it impossible to complete repairs and construction of public works like schools and roads. Nearly all contractors and their workers have been chased off by separatist fighters who have vowed to make the regions ungovernable, an official says. Arrey …

Fahad Obaid Mohammad Al Taffaq, UAE Ambassador to Nigeria and Non-Resident Ambassador to the Republic of Cameroon, has held meetings with a number of officials and businessmen in Cameroon, and discussed ways to strengthen cooperation with the Central African country in all fields. Al Taffaq visited the capital city Yaounde, …

Cameroon Telecommunications (CAMTEL), the state-owned telecommunications operator, plans to deploy over 15,000 kilometers of optical fiber to improve the quality of communication in the country, reports said on Thursday. This public company, of which, a recent decree by President Paul Biya announces the opening to private shareholders, holds the monopoly …