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Cameroon imposes 20% precautionary freeze on some administrations’ budgets to ensure proper budget implementation

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. …

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Postal sector : Cameroon Moves To Sanitize Sector

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, …

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Security challenges and the May 2019 Fire At SONARA Slowed Cameroon’s 2019 Economic Growth (+3.9%)

(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 …

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A 2nd container terminal to be built in Douala Port

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 …

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