ECONOMY

    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% …

      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 …

  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 …

  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 …

Business in Cameroon  | In Cameroon, the government is planning mass covid-19 testing but is “awaiting test kits” to organize the test. This was revealed by the Minister of Public Health Malachie Manaouda on his Twitter account on March 23. He was replying to a suggestion made by a user to organize …

Business in Cameroon  | Last weekend, there was a brief shortage of fuel, Super namely, at several petrol stations in Yaoundé. Users roamed many stations in vain and fear sparked about a shortage induced by the coronavirus health crisis. However, at the beginning of the week, stations were once again able to …

  Business in Cameroon  | On March 16, 2020, metallurgy company Prometal Aciérie’s executives gave a check of XAF100 million to the Minister of Public Health Malachie Manaouda as the company’s contribution to the fight against the Coronavirus pandemic in Cameroon. The leader of the metallurgy market in the country is the …

Business in Cameroon  | This week, the Sembé-Souanké-Ntam road will be inaugurated by Denis Sassou Nguesso during his visit in the Sangha department, official sources reveal. The 143 km road that connects Congo to Cameroon was built by Chinese company Sinohydro. It is a segment of phase 2 of the Ketta-Djoum (503 …

YAOUNDE, Feb. 21 Xinhua  | Cameroon plans to unveil a new technology hub called “Cameroon Silicon River” in its capital city here by 2030, officials said on Thursday. “Every African country needs to have its own African silicon valley. Cameroon wants to build a silicon nation, that is to say put in together …

Business in Cameroon  | Société Anonyme des Brasseries du Cameroun (SABC), a subsidiary of the French group Castel, indicates it recorded a consolidated net profit of about XAF16 billion in 2019. Year over year, this is down by about 34% if compared with the XAF24.3 billion recorded in 2018. The SABC explains …