Cameroon’s Economic Outlook: The Challenges Ahead in the 3rd Quarter of 2024 In its economic forecast test for the third quarter, Beac cites, among others, the sectors of agriculture, services and processing. As we approach the third quarter of 2024, Cameroon’s economy faces a complex set of challenges that could potentially dampen economic activity. Drawing…
Cemac: inflation stagnates at 5.1% in the 1st quarter of 2024, far from the community standard of 3% Despite a decrease of 1.3% compared to 6.4% at the end of March 2023, the price increase is maintained mainly by the “food products and non-alcoholic beverages” and “transport” functions. The Economic Pulse of CEMAC: Navigating Inflationary…
Cemac: Beac tries to withdraw 50 billion CFA francs from the banking system After July marked by liquidity offers of a record amount of 470 billion CFA francs, the issuing institute of the CEMAC countries (Cameroon, Congo, Gabon, Equatorial Guinea, Chad and CAR) has just launched a new issue of securities paying 2.5%. The Central…
The Emergence of the Bauxite-Alumina-Aluminum Sector in Cameroon: A Strategic Alliance 2024 Prime Minister Joseph Dion Ngute chaired this August 13 in Yaoundé, the signing ceremony of an investment agreement protocol and a commercial contract between the government, the Cameroonian Aluminum Company (Alucam) and the Prometal group, with a view to the construction of an…
Bilateral cooperation: Canada welcomed 11000 new Cameroonians in 2023 Which places this CEMAC state in the top 10 countries where new immigrants come from. Bilateral Cooperation: Strengthening Ties Between Canada and Cameroon On August 7, 2024, Immigration, Refugees and Citizenship Canada (IRCC) organized an information session on the introduction of Canadian visas at the High…
Cameroon: World Bank Solutions to Optimize Tax Revenue Collection One of the measures advocated by the Bretton Woods institution is the “thorough” revision of the Tax Code. Cameroon’s economic landscape is undergoing a transformative phase with the World Bank’s involvement in enhancing the country’s tax revenue system. The recent reports released by the World Bank,…
Sic Cacao, Chococam, Neo Industry, Ferrero …: after 4 seasons of improvement, the activity of Cameroonian cocoa processors drops by 4% According to data from the National Cocoa and Coffee Office (ONCC), the quantity of cocoa beans processed in local industries is estimated at 85,671 tonnes during the last 2023-2024 cocoa season compared to 89,204…
CEMAC: after Equatorial Guinea, new scandal of counterfeit BEAC banknotes in the Central African Republic According to information received by Breaking News Bilingue, the three counterfeiters of Cameroonian, Senegalese and Central African nationality were apprehended by the local police, with a sum that is close to a billion CFA francs. The Central African Economic and…
Cameroon: driven by the goat sector, national meat production reaches 310,000 tonnes in 2023 (report) According to the report of the Ministry of Livestock, Fisheries and Animal Industries (Minepia) on the situation of production and imports of these sub-sectors, local production is up 6% year-on-year. An increase is supported by investments made in favour of…
Cameroon misses its milk production target of 200,000 tonnes by 2023 The private sector and the importation of dairy cows still contributed to a 2% increase in national production during this period. In 2023, Cameroon faced a significant challenge in its agricultural sector: the nation missed its ambitious milk production target of 200,000 tonnes. This…
