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ECONOMY

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 …

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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 …

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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 …

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Cameroon Budget Deficit Decreases To 4.3% In 2017

Due mainly to the decrease in oil revenues, which represent often up to 25% of government revenues in Cameroon, the country’s budget deficit peaked at 6.9% of GDP at year end 2016, the American rating agency Standard & Poor’s reveals in a report on Cameroon. But, according to the same …

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Gov’t To Curb Fraud In Palm Oil Production Sector

The reorganization of the palm oil sector is underway. Government officials visited  production centres from April 24 to  May 2 A Committee composed of representatives of the Ministry of Trade, Ministry of Agriculture, Mines and Industries Ministry, the Chamber of Agriculture, Livestock and Fisheries, representatives of producers and processors, traveled …

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S/African Investors Interested In Cameroon Energy Sector

South African investors are showing interest in the power sector in Cameroon, particularly the production and transport components, according to Mrs. Zanele Makina, South Africa’s High Commissioner in Cameroon. The diplomat who had a series of talks on the subject with the Cameroonian authorities, notably the Minister of Energy and …

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Cameroonian Takes Over As GM Of Local Ecobank Subsidiary

Former student in banking and finance at the University of Buéa, the Cameroonian Gwendoline Abunaw is the newly appointed Executive Director of Ecobank Cameroon. She replaces Moustapha Fall, who takes charge of the Audit department at Ecobank Group headquarters in Togo. Holder of a MBA from London Metropolitan University, the …

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