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The Douala-N’Djamena corridor is a crucial trade route, linking the port of Douala to Chad, a landlocked country dependent on this corridor for access to the sea. The African Development Bank (AfDB) and the Cameroon government are embarking on the ambitious rehabilitation of the Ngaoundere-Garoua segment of the Douala-N’Djamena Economic Corridor. This project, part of…
INCREDIBLE BUT, TRUE 1- CAMBANK (Cameron Bank) looted 2- BIAO looted 3- SCB (Société Camerounaise des Banques) looted 4- Crédit Agricole, looted 5- SOFIBEL in Bélabo in eastern Cameroon Looted 6- BCD (Banque Camerounaise de Développement) looted 7- ONCPB, looted 8- CAMAIR (100% Cameroonian) looted 9- CAMSHIP (100% Cameroonian) looted 10- CAMRAIL (100% Cameroonian) looted…
Cameroonians Express Outrage Over New Mobile Money Transaction Fees 2022 Tax: In January 2022, the Cameroonian government introduced a 0.2% tax on all mobile money transfers and withdrawals. This tax was part of the 2022 Finance Bill and applied to transactions carried out through traceable platforms, including mobile telephony and the Internet. 2025 Additional Fee:…
Le Premier ministre, chef du gouvernement, Joseph Dion Ngute, est arrivé à Douala pour procéder à l’inauguration du marché aux poissons de Youpwè. Cet événement marquant s’est déroulé le 27 décembre 2024, en présence de plusieurs autorités locales et dignitaires. Contexte de l’Inauguration Le marché aux poissons de Youpwè est une infrastructure moderne entièrement financée…
In a welcome announcement, Cameroon’s Minister of Finance, Louis-Paul Motaze, has shared optimistic news regarding the country’s economic outlook. Speaking at a recent event, Motaze revealed that Cameroon is on track to achieve significant economic growth, with projections indicating a growth rate of 4.1 percent by the end of 2024. Economic Growth Projections Motaze highlighted…
Dangote Refinery to Begin Exporting Petroleum to Cameroon Dangote Refinery, Africa’s largest oil refinery, announced its first-ever export of Premium Motor Spirit (PMS) to Cameroon in a landmark move for regional energy integration. This significant milestone, achieved through a strategic collaboration with Neptune Oil, marks a new era in the energy relationship between Nigeria and…
Cameroon has recently uncovered significant levels of fraud, corruption, and mismanagement within its public administration, leading to financial losses estimated at 59 billion CFA. The Ministry of Finance, led by Louis-Paul Motazé, revealed these shocking irregularities during a comprehensive cleanup operation targeting public finances. Some of the most glaring issues include: Fraudulent Birth Certificates: Investigators…
make it longer On November 24, the Cameroonian National Assembly unanimously approved a bill that authorizes President Paul Biya to ratify the Geneva Act of the Lisbon Agreement on appellations of origin (AO) and geographical indications (GI). As explained by Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, this decision represents…
Hysacam, Cameroon’s leading private waste management company, has secured a contract worth over CFA45 billion for waste management in Yaoundé. This contract was awarded by the Urban Community of Yaoundé (CUY) following an international tender launched in June 2024. Out of the four lots offered in the contract, Hysacam won three, while the tender for…
