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ECONOMY

Group Five Aims To Settle In Cameroon

Group Five and its subsidiaries aim to win infrastructure contract in Cameroon to demonstrate its know-how. This is at least what Themba Mosai, the group’s CEO reveals. The operating field is quite large for the multi-sectoral group which is operational in 26 African countries in the mining, energy, transport, and …

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Douala Port’s Net Profit Fell By 50% In 2017

During the 2017 fiscal year, Douala autonomous port realized a net benefit of CFA455.5 million. This was announced in a statement published after a meeting of the administrative board on May 24, 2018. Compared to the CFA940.5 million realized in the previous fiscal year, this represents a drop by about …

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Emergency Response Plan – Cameroon North-West and South-West (May 2018)

OVERVIEW OF THE CRISIS Evolution of the crisis The crisis in the South-West and North-West Regions of Cameroon has compounded pre-existing vulnerabilities. Since 2016, political and social instability, exacerbated by sporadic violence, has had a negative impact on the civilian population of Cameroon’s South-West and NorthWest Regions, hosting four million …

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EU Estimates Partnership Worth XAF1.5 bn With Cameroon

EU has also launched a four-year project that supports, among other things, the modernization of civil status in Cameroon for XAF 6.5 billion. Evaluation of Cameroon and European Union (EU) indicates that the active portfolio of the EU-Cameroon partnership is estimated at XAF1.5 billion. This portfolio corresponds to 151 projects …

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Kribi Port : Almost 40 Ships Accosted

Since the commissioning of Kribi port on March 2, 2018, about 40 ships have accosted there so far. “All the stopovers for the months of March have been realized. In April, 16 ships accosted at the port. In May, we expect 23. Soon, one ship will accost daily. This port will ease …

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