In a significant development for the employees of the Cameroon Development Corporation (CDC), the company’s General Manager, Franklin Ngoni Njie, has assured that workers will receive their salary arrears before Christmas. This announcement brings much-needed relief to the CDC workforce, who have faced prolonged financial hardships due to unpaid wages. Background of the Issue The…
Chad-Cameroon Pipeline: New Route for Niger’s Oil Exports to China The Geopolitics of Hydrocarbons: Niger’s Pivot to the Chad-Cameroon Pipeline In the intricate tapestry of global energy politics, the recent developments involving Niger’s decision to reroute its crude oil exports through the Chad-Cameroon pipeline to reach the Chinese market is a narrative of resilience, strategic…
Cameroon Launches Ambitious 305 Billion CFA Franc Initiative to Elevate Dairy Production Cameroon’s Ambitious Plan to Revitalize the Dairy Sector In a bold move to revitalize its dairy sector, Cameroon has adopted a comprehensive plan worth 305 billion CFA francs. This initiative represents a significant investment in the country’s agricultural infrastructure and has the potential…
Cameroon Development Corporation (CDC) exported 10,255 tons of bananas between January and April 2024, data from the Cameroon Banana Association showed. This volume is almost one-third of the 33,731 tons exported during the same period in 2017 before the company was fully hit by the Anglophone crisis. The Cameroon Development Corporation’s Struggle and Resilience Amidst…
The African Development Bank’s Green Bond Initiative: A Leap Towards Sustainable Development The recent launch of a €500 million green bond by the African Development Bank (AfDB) marks a significant milestone in sustainable finance. This move signifies a strong dedication to environmental stewardship and economic development in Africa, going beyond a mere financial transaction. Green…
AGL’s 20 Billion CFA Franc Investment Boosts Owendo Terminal with New Gantry Fleet The maritime industry in Gabon is set to experience a significant transformation, thanks to the ambitious investment of 20 billion CFA francs by Africa Global Logistics (AGL). This substantial financial injection is poised to modernize the Owendo Terminal, a pivotal gateway for…
SEMC recorded a historic profit of 1 billion CFA francs in 2023. SEMC products Cameroon’s SEMC Achieves Record Profit in 2023: A Remarkable Turnaround In a remarkable turnaround from its previous financial struggles, Société des Eaux minérales du Cameroun (SEMC), a subsidiary of the SABC group, has reportedly achieved a record profit of 1 billion…
Agricultural Triumph: MINADER Backs Potato Farmers in Reaching Record Production Levels Agricultural Triumph: MINADER Backs Potato Farmers in Reaching Record Production Levels In a significant development for Cameroon’s agricultural sector, the Ministry of Agriculture and Rural Development (MINADER) has taken a proactive stance to support potato farmers in the West Region. This initiative aims to…
Cameroon Anticipates 4% Rise in Customs Revenue for 2024 Cameroon’s Economic Outlook: The Rise in Customs Revenue Forecasts for 2024 Cameroon’s economy is on the rise, with a notable forecast of a 4% increase in customs revenue for 2024. This positive trend reflects the country’s ongoing efforts to enhance its fiscal policies and customs operations….
Cameroon’s G-Stones and Shanghai SBM Announce Landmark Mobile Crusher Project MINING The mining industry in Cameroon is set to take a significant leap forward with the recent partnership between G-Stones Resources SA and the Chinese firm Shanghai SBM. This collaboration aims to construct a state-of-the-art mobile crusher with the capacity to process 1000 tonnes per…
