Business and enterprises

State takeover of Eneo: the amount of the exit ticket divides Actis and the Cameroonian government 2024 As an exit ticket from Eneo’s shareholding in which it holds 51% of shares, the British investment fund Actis is demanding the sum of 125 billion CFA francs, based on the due diligence conducted by its Cameroonian advisor…

Cameroon: MTN achieves a turnover of 181 billion CFA francs in the first half driven by internet and fintech services This performance represents an increase of 16% compared to the same period in 2023. In the dynamic landscape of Cameroon’s telecommunications sector, MTN Cameroon has emerged as a formidable player, achieving a remarkable turnover of…

Telecoms: MTN Cameroon achieved a turnover of 316 billion CFA francs in 2023 (+28%) Up by nearly 70 billion CFA francs compared to the previous financial year, the performance of the Cameroonian company contributed significantly to the increase in revenues of the South African group MTN. In the dynamic and competitive world of telecommunications, MTN…

In Cameroon MTN Mobile Money activity increased by 28% in 2023 The subsidiary of the South African telecommunications giant MTN achieved a turnover of 59.3 billion CFA francs during the year 2023. In 2023, Cameroon witnessed a significant surge in the activity of MTN Mobile Money, marking a 28% increase from the previous year. This…

The Duval Arno Group’s Foray into Cameroon’s Food Chain: A Strategic Expansion 2024 The company, which wants to open around thirty quality structures in Douala, Yaoundé and Kribi by 2030, has just opened its first local supermarket in the Cameroonian economic capital. The Duval Arno Group, a conglomerate known for its significant presence in various…

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…

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…

Kribi Port Industrial Zone: The New Destination for Industrialists in Cameroon With constantly improving infrastructure and a favorable investment climate, the Kribi Port Industrial Zone (ZIPK) is on its way to becoming a major industrial and logistics hub in Central Africa. Cameroon is poised to take a significant leap in its industrial and economic development…

Automobile: Dutch Rymax Lubricants wants to launch lubricant distribution in Cameroon by the end of 2024 The company thus wishes to extend its activities in the Cemac zone after having established itself in several markets in West and Southern Africa. Rymax Lubricants, a Dutch company established in 1986, has announced its plans to expand its…