Cameroon
Sonara Awards 7 Billion CFA Contract to DSC Marine SA in Historic Deal
Sonara Awards 7 Billion CFA Contract to DSC Marine SA in Historic Deal DSC Marine SA, a Cameroonian company established in 2015, has recently secured a significant contract with Sonara, the national oil refinery of Cameroon. This 7 billion contract marks a substantial achievement for DSC Marine SA, reflecting the company’s growth and its increasing…
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Cameroon’s Commitment to Innovation: Allege Over CFA 2Billion Invested in University Incubators
Cameroon’s Commitment to Innovation: Allege Over CFA 2Billion Invested in University Incubators In a significant move to bolster innovation and entrepreneurship, Cameroon has invested over CFA2 billion in university incubators, a testament to the country’s dedication to nurturing young entrepreneurs and fostering a culture of innovation. This investment, spanning from 2016 to 2022, underscores the…
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The Tragic Incident on the Bali-Batibo Road
The Tragic Incident on the Bali-Batibo Road On June 26, 2024, a devastating event occurred on the Bali-Batibo road in the North West Region of Cameroon. A civilian transport vehicle was shattered by an explosive device, leading to the tragic loss of three lives and leaving another individual injured. This incident took place in the…
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Elizabeth Moore Appointed New US Ambassador to Cameroon
Elizabeth Moore Appointed New US Ambassador to Cameroon In a significant diplomatic update, Elizabeth Moore Aubin has been confirmed as the new US Ambassador to Cameroon. This appointment marks a new chapter in the diplomatic relations between the United States and Cameroon, as Ambassador Aubin takes over the role from Christopher John Lamora, who has…
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Ngaoundéré’s Inflation Confirmed as Cameroon’s Most Expensive City Amid Rising Inflation
Ngaoundéré’s Inflation Confirmed as Cameroon’s Most Expensive City Amid Rising Inflation Ngaoundéré, the bustling capital of Cameroon’s Adamawa region, has been ranked as the most expensive city in the country for the third consecutive year, with an inflation rate nearing 8%. This persistent rise in the cost of living has outpaced the national average, placing…
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Halting Hostilities in Northwest and Southwest: Group Empowers 50 Young Individuals for Peaceful Community Projects
Halting Hostilities in Northwest and Southwest: Group Empowers 50 Young Individuals for Peaceful Community Projects Reconciliation and Development Association trains 50 youth in conflict resolution and equips them to launch peaceful community initiatives aimed at promoting dialogue in Cameroon’s war-torn North West and South West regions. In the quest for peace and stability in the…
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Glencore says it bribed SNH and Sonara with CFA 7billion
Glencore says it bribed SNH and Sonara with CFA 7billion (Business in Cameroon) – The U.S. Department of Justice and the UK Serious Fraud Office announced last May 24 that the Anglo-Swiss multinational Glencore pleaded guilty to bribes in several countries, including Cameroon. “Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6 million…
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Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024
Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024 The Cameroon Humanitarian Response Plan 2024: A Comprehensive Strategy for Aid and Resilience In 2024, Cameroon faces a significant humanitarian challenge, with 3.4 million people in need of assistance due to ongoing conflicts, climate shocks, and disease outbreaks. The Cameroon Humanitarian Response Plan…
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Leadership Shift: Georges Fotso Spearheads ASCA Asset Management
Leadership Shift: Georges Fotso Spearheads ASCA Asset Management The financial landscape of Cameroon has witnessed a significant development with Georges James Ndzutue Fotso taking the helm of ASCA Asset Management. This move marks a pivotal moment for the asset management firm, which is a franchise of the Attijariwafa bank group, responsible for portfolio management within…
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Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief
Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief Cameroon’s Commitment to Economic Recovery: A 35 Billion CFA Franc Allocation In a significant move to bolster economic recovery in areas impacted by various challenges, the Cameroonian government has earmarked a substantial sum of 35 billion CFA francs. This allocation is a testament…
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