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ECONOMY

2018: Another year of mega projects, Cameroon’s government says

On November 29, 2017, Cameroon’s Prime Minister, Philémon Yang, has presented parliamentarians the government’s 2018 social, financial and economic programme. This was as deputies of the SDF, the country’s leading opposition party, were asking for the opening of a debate on the crisis in Cameroon’s English-speaking regions. According to the …

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Cameroon Incurs FCFA15 B In Losses From Illegal Transport

Cameroon incurs annual losses of at least CFA15 billion on average thanks to illegal transport, figures published by the country’s transporters’ union on Wednesday revealed. The union which groups together the National Transport Workers’ Union (SNTRC), the Cameroon Transport and Auxiliary Employers’ Organization (OPSTAC), the General Confederation of Transport Trade …

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French Bank Officials Charged In Cameroon

Two former French directors general of the International Bank of Cameroon for Savings and Credit (BICEC) have been summoned to appear before the Wouri District Court in Douala on Friday, for alleged embezzlement of funds estimated at “several billion CFA francs,” judicial sources said on Thursday. Pascal Rebillard, the Director …

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South West: Gov’t Offers Tractors To CDC

Limbe (Fako). The Government has provided 18 new farming tractors to the Cameroon Development Corporation (CDC). Inside sources of the CDC revealed that each of the tractors with 75 horsepower was worth some CFA 25 million making the donation an over CFA 450 million worth of an investment by the …

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Mushroom: Growing Demand Outweighs Supply

Plant scientists are generally of the view that there are many edible wild plants but due to their non-domestication, the society is inhibited from consuming those edible plants and fails to get the nutritive content therein. Cultural values and individual perceptions have also taken people away from food sources which …

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Cameroon Loses Over FCFA 12 Billion Annually

The 3rd regional dialogue and training on contract negotiation and fiscal policies in the Extractive industry organised by the NEPAD has ended in Yaounde. The African continent is endowed with huge mineral and oil resources capable of catapulting the continent’s economic growth and development.   Unfortunately, much of the benefits …

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Cameroon To Set Up New Cement Plant

The Cameroonian firm Mira Ltd announced the construction of a cement production plant in the country’s commercial capital, Douala, with an investment of some CFA 32 billion. This would be the concretization of the agreement sealed in December 2015 with the government of Cameroon. With the provisions of a 2013 …

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