ECONOMY

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 …

Brewers in Cameroon sold a total of 6,500,000 hl (650 million liters), free beer excluded and trade included, as at December 31, 2018, according to data provided by Société Anonyme des Brasseries du Cameroun (SABC). These figures remain approximatively stable compared to sales the previous year, but are slightly 0.4% …

Information technologies are changing the lives of many Cameroonian farmers who previously were dependent on brokers who charged fees to serve as middlemen to purchasers. Now they can use the Internet to find customers more easily and increase their income. Farmer Loic Domguia sells almost all of his produce online …

The United Nations Conference on Trade and Development (UNCTAD) has recently issued a report on the potential impact of a no-deal Brexit on the UK’s trading partners, including developing nations. Implication Research found that in the event of a no-deal Brexit, meaning if the UK did not reach an agreement …

Cameroon’s power utility Eneo wants to make up for delay in VAT suppression on electricity bills. 80% of its 1.2 million customers should have seen their electricity bills fall since January 2019 as provided for in the 2019 Finance Act. Monthly consumption between 0 and 220 KW will now be …

EU imports from Cameroon have been extremely volatile in recent times, with the overall trend downward. However, there was a slight uptick in imports from Cameroon at the start of 2019,” according to the ITTO Tropical Timber Market (TTM) Report issued May 15. In fact, there is a growing demand for …