Business and enterprises

Dangote Group Eyes Expansion in Gabon, Cement and Fertilizer Investment Opportunities Under Exploration Gabon: Dangote Explores Investment Opportunities in Cement and Fertilizers In a significant development for Gabon’s industrial sector, President Brice Oligui Nguema has extended an invitation to Aliko Dangote, the chairman of Dangote Industries Limited, to consider investment opportunities in cement and fertilizer…

Financial Hurdles Persist as EDC Gathers 12.5 Billion CFA in Royalties The Cameroon Electricity Development Corporation (EDC) has recently been in the spotlight for its financial performance, having collected 12.5 billion CFA francs in royalties. Despite this significant revenue, the state-owned enterprise continues to face financial challenges. The situation reflects the broader economic landscape of…

Eco-Friendly Milestone: Cameroon Cuts Coal Imports by 50% Thanks to Cimpor-Atlantic Cocoa Pact In a significant move towards sustainability, Cimpor and Atlantic Cocoa have announced a partnership aimed at reducing Cameroon’s coal imports by a remarkable 50%. This initiative is not only a step forward in environmental conservation but also a strategic economic shift for…

SNH Board Calls for Comprehensive Review of 2023 Financial Statements The National Hydrocarbons Corporation (SNH) of Cameroon has been a subject of significant discussion following the recent demands by its Board of Directors for a revision of the 2023 accounts. This move comes amidst a backdrop of financial scrutiny and governance questions within major state-owned…

Mocaf Brewery’s Production and Capacity Set for Boost with 12 Billion CFA Franc Investment from Castel Group The Central African Republic (CAR) has witnessed a significant investment from the Castel Group, a move set to revitalize the region’s economic landscape. The French beverage giant has committed 12 billion CFA francs to enhance the production tools…

EDC and French Firm ISL Launch Feasibility Studies for Mbakaou Hydroelectric Plant in Cameroon 2024 The Mbakaou Hydroelectric Power Plant: A Beacon of Sustainable Energy in Cameroon In the heart of Cameroon, a significant step towards sustainable energy development is underway. The Electricity Development Corporation (EDC) has partnered with the French engineering firm ISL to…

Brewing Sector’s Request Unmet as Beer Prices Hold Steady in Cameroon 2024 The Brewing Industry’s Plea Amidst Economic Challenges in Cameroon In Cameroon, the brewing industry has been facing significant economic challenges. The Société Anonyme des Boissons du Cameroun (SABC), a leading company in the market, has been particularly vocal about the difficulties it faces…

AfDB Eases Suspension on Chinese CR20 Road Project in Cameroon The African Development Bank (AfDB) has partially lifted the suspension on a road project in Cameroon, which is being executed by the Chinese company China Railway 20 Bureau Group Corporation (CR20). This project involves the construction of the Ntui-Mankim road, a crucial part of the…