Home / ECONOMY (page 5)

ECONOMY

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Cameroon’s Exports To Nigeria Plummet Significantly

Cameroon’s exports to Nigeria fell sharply from FCFA 52.8 billion in 2015 to FCFA 25.1 billion  in 2016, according to figures released Monday by the Finance ministry.   This decline in Cameroon’s exports, estimated at more than 52% in relative terms, is largely explained by the security situation in the …

Read More »

Dockers Strike In Cameroon Holds Up Exports [+video]

About 200 striking dockworkers have frozen activity at Cameroon’s main port in Douala as part of a dispute over pay and conditions. The action was prompted by the death of a dockworker who strikers say was disadvantaged by insufficient health insurance, despite workers contributing a monthly insurance premium out of …

Read More »

UN To Assist Cameroon With FCFA 381B

The United Nations system in Cameroon has said it will be assisting Cameroon’s developmental projects with F CFA 381 Billion. The UN’s plan was revealed May 8 in Yaounde in the presence of developmental partners and government authorities from the Ministry of the Economy Planning and Regional Development. According the …

Read More »