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ECONOMY

Cameroon Ranked Top Intra-African Remittances Provider In 2018

The Ecobank Group has just published its financial report which provides data on Africa’s place in global financial flows during 2018. The document shows intra-African remittances represent 20% ($12.8 billion or XAF7,491.9 billion) of global financial flows during the period under review. With $2.15 billion (XAF1,258.4 billion), Cameroon was the first …

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UK negotiates a post-Brexit EPA with Cameroon

Jean Tchoffo, Secretary General of the Cameroonian economy ministry, presided on May 8 in Yaoundé over the presentation of a report on the trade impact of the bilateral Economic Partnership Agreement (EPA) between Cameroon and the United Kingdom. According to the official, the validation of this study is the first …

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World Bank Urges Gov’t To Speed-up Road Projects

The Director of Operations at the World Bank country office in Cameroon, Elizabeth Huybens has urged the Government to take necessary measures to accelerate World Bank-funded projects. She made the call Wednesday May 8 in Yaounde during a working session with Cameroon’s Minister of Public Works Emmanuel Nganou Djoumessi and …

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CEMAC countries decry increase in public debt

The Economic and Monetary Community of Central Africa (PREF-CEMAC) has described as unsatisfactory “the deterioration of budget balances and the increase in public debt”, APA has said. This was made in a statement at the end of an extraordinary summit of heads of state in N’Djamena, Chad on Thursday. Launched …

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Cameroon Modifies 2018 Finance Bill

On June 4, 2018, Paul Biya signed a prescription modifying Cameroon’s 2018 finance bill. In the current bill, the country’s budget which was set at CFA4,513.5 billion is increased to CFA4,689.5 billion (an increase by CFA176 billion). This increase can be explained by the fact that in December 2017 when …

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