The National Anti-Corruption Commission (CONAC) has announced the arrest of six individuals in Garoua, Cameroon, on corruption charges. This announcement was made during a press conference held by the President of CONAC, Rev. Dr. Dieudonné Massi Gams, in the presence of Governor Jean Abate Edi’i. The arrests were part of a five-day anti-corruption campaign called…
In a significant move to bolster Cameroon’s IT infrastructure, the European Union has pledged a €91 million loan over the next three years. This financial support aims to enhance the West African nation’s infrastructure and attract foreign investment, marking a pivotal step in Cameroon’s development journey. The loan agreement was announced during a meeting between…
The November parliament session commenced with a strong focus on economic growth. Honourable Cavaye Yeguié Djibril, Speaker of the National Assembly, emphasized the importance of approving the 2025 State Budget, aligning it with the President’s vision for stability and public trust as the country approaches the 2025 presidential election. Key points of the session include…
Cameroon’s public debt issuances have reached a staggering CFA1.95 trillion by the end of September 2024. This debt was accumulated through the Treasury securities market of the Bank of Central African States (BEAC) and the Central African Stock Exchange (BVMAC). The National Sinking Fund (CAA), which manages the country’s public debt, reported that the majority…
Cameroon’s Public Companies’ Debt Nears CFA1 Trillion – Cameroon’s public companies are facing a significant debt burden, nearing CFA1 trillion. As of September 30, 2024, the debt contracted by the Cameroonian government and transferred to public companies reached CFA984.7 billion. This debt is distributed among eleven state-owned enterprises, including Camwater, Camtel, Sodecoton, Chantier Naval et…
Trade Minister Shuts Down Bars Amid Beer Price Increase Controversy –Since November 1, 2024, many bar owners in Cameroon have raised their prices, increasing the cost of beers and soft drinks by CFA50 to 100 FCFA. This decision has angered Luc Magloire Mbarga Atangana, Cameroon’s Minister of Commerce. His enforcement team sealed off several establishments…
The Ministry of Finance (Minfi) has stated the recent seizure of 3,144 war munitions by customs authorities. The seizure was part of an ongoing effort to enhance national security and prevent the illegal trafficking of weapons and ammunition. The operation was conducted by the customs department, which has been integrated into the National Defense and…
The BILLIONAIRE has put a little over 1,000 million into play for the transformation of clay and KAOLIN into construction materials in order to limit imports that are causing the country to lose foreign currency After Green Oil and real estate including its United brand hotels, Guillaume Mbakam is investing in mining and wants to…
The small town of Tiko, located in the South West Region of Cameroon, has marked a significant milestone in its industrial journey with the inauguration of its first tire manufacturing plant. This event, which took place on October 24, 2024, is not just a local achievement but a national triumph for Cameroon’s burgeoning industrial sector….
Cameroon takes presidency of the International Cocoa Council for 2024/2025. Cameroon has been elected to serve as President of the International Cocoa Council during the 2024/2025 term. Cameroon’s election marks a historic moment for the International Cocoa Council. The International Cocoa Council, under the leadership of Cameroon, will focus on addressing the challenges facing the…
