The Evolution of Financial Management in Cameroon: The GUCE-Customs Brokers Partnership

The Evolution of Financial Management in Cameroon: The GUCE-Customs Brokers Partnership In the dynamic landscape of Cameroon’s economy, the collaboration between the Single Window for Foreign Trade (GUCE) and customs brokers has marked a significant milestone in enhancing financial management within the country. This partnership, formalized through strategic agreements, has streamlined the process of tax…

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 Cameroon Development Corporation (CDC) exported 10,255 tons of bananas between January and April 2024

 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…

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Douala Airport Security Halts Trafficking of 434 kg Tramadol with a Street Value of 700 Million FCFA

Douala Airport Security Halts Trafficking of 434 kg Tramadol with a Street Value of 700 Million FCFA In a significant crackdown on illegal drug trafficking, authorities at Douala International Airport in Cameroon have successfully intercepted a massive shipment of tramadol, weighing 434 kilograms and valued at an estimated 700 million FCFA. This substantial seizure highlights…

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Visionary French Businessperson Unveils Luxurious Chocolate Production Venture in Cameroon

Visionary French Businessperson Unveils Luxurious Chocolate Production Venture in Cameroon In a remarkable fusion of French confectionery expertise and Cameroonian cocoa richness, entrepreneur Olivier Bordais has embarked on a delectable journey to establish a million-dollar chocolate factory in the heart of Cameroon. This ambitious project, named Chocolat Rouge, is a testament to Bordais’ decade-long chocolatier…

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The Implications of Cameroon’s Truck Import Surge in 2023

The Implications of Cameroon’s Truck Import Surge in 2023 In 2023, Cameroon experienced a significant surge in truck imports, with a reported increase of 43% compared to the previous year. This remarkable growth can be attributed to the customs tariff exemptions that were put into place, particularly concerning imports from the European Union (EU). The…

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The Central African Republic’s Fuel Crisis: Examining the Impact of Tamoil and Total Stations on the Current Fuel Shortage in Bangui.

The Central African Republic’s Fuel Crisis: Examining the Impact of Tamoil and Total Stations on the Current Fuel Shortage in Bangui. The Central African Republic (CAR) is grappling with a severe fuel shortage that has put a spotlight on Tamoil, the marketer and recent buyer of Total stations in the region. This crisis has had…

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Cameroon’s Emergence as a Focal Point for Ivorian Foreign Direct Investments

Cameroon’s Emergence as a Focal Point for Ivorian Foreign Direct Investments Cameroon, often referred to as “Africa in miniature” due to its diverse cultural and geographical landscape, is increasingly becoming a beacon for foreign direct investments (FDI) within the Central African region. Notably, it has emerged as a leading destination for Ivorian investments, particularly in…

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The African Development Bank’s Green Bond Initiative: A Leap Towards Sustainable Development

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…

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Chad’s Royal Airways Welcomes Embraer E140, Signaling Growth and New Services Across CEMAC Zone

Chad’s Royal Airways Welcomes Embraer E140 Signaling Growth and New Services Across CEMAC Zone In a significant move for Central African aviation, Chad’s Royal Airways has announced the acquisition of its first Embraer E140 aircraft. This strategic addition to its fleet marks the airline’s ambitious expansion into the CEMAC zone’s regional market. The Embraer E140,…

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Maize Importation in Cameroon Skyrockets, Up 229% from Last Year

Maize Importation in Cameroon Skyrockets, Up 229% from Last Year In 2023, Cameroon experienced a significant shift in its agricultural import patterns, particularly concerning maize. The country saw its maize imports increase by a remarkable 229%, reaching the highest volume in five years. This surge is a clear indicator of the changing dynamics in Cameroon’s…

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