Cameroon’s Economic Resilience: A CFA13bn Lifeline for SMEs In a significant move to bolster the economy in the aftermath of the COVID-19 pandemic, Cameroon has unveiled a new credit line worth CFA13 billion. This initiative is aimed at providing a much-needed boost to small and medium-sized enterprises (SMEs) that have been hit hard by the…
In a significant move aimed at alleviating the financial strain on local councils in Cameroon’s North-West and South-West regions; President Paul Biya has approved the cancellation of over 4 billion CFA in debt. This decision comes as a relief to the municipalities that have been heavily impacted by the ongoing Anglophone crisis, which has led…
In a significant move for its economy, Cameroon issued CFA853.3 billion in public securities in 2023, marking the largest volume in five years. This strategic financial maneuver underscores the country’s robust approach to managing public cash flow pressures and financing infrastructure projects. The issuance comprised mainly Treasury bills (BTA), short-term debt instruments with maturities of…
Back to school: CONAC warns about the monetization of places from class 6 to form 1 As students transition from primary to secondary education, the process of securing a place in the desired school can be fraught with challenges. The National Anti-Corruption Commission (Conac) has recently issued a warning about the monetization of places in…
Cameroon has seen a remarkable surge in coffee export value to France The coffee industry in Cameroon has seen a remarkable surge in its export value to France, with a fourfold increase for three years. This growth is a testament to the quality and competitiveness of Cameroonian robusta coffee on the international market. In 2023,…
Cameroon Boosts Cigar Exports to Nigeria, Reaching 3.1 Billion FCFA in 2023 In 2023, Cameroon’s trade with Nigeria saw a notable entry in its export catalogue: cigars. While not the dominant product in the trade portfolio, cigars represented a significant 8% of the total sales to Nigeria, contributing to the CFA39.5 billion worth of goods…
Trade: Gabon, Cameroon’s leading supplier in the CEMAC zone between 2019 and 2023, Cameroon imported from the country led by General Brice Clotaire Oligui Nguema, 214,400 tonnes of goods worth 143.9 billion CFA francs. The Central African region, with its diverse economies and resources, presents a unique tapestry of inter-state relations and economic dependencies. Among these,…
Trade balance: Cameroon shows a surplus of 519.9 billion CFA francs vis-à-vis CEMAC states Over this period from 2019 to 2023, the country exported 2 million goods worth 921.8 billion CFA francs to the 5 other CEMAC countries while imports amounted to 83,595 tonnes worth 401.9 billion CFA francs. This reinforces Cameroon’s position as the…
Douala Port to Cut Dredging Costs by CFA4bn per year with Chantal Biya Dredger’s Return The Port of Douala, a critical maritime gateway in Cameroon, is set to significantly reduce its annual dredging costs by CFA4 billion with the return of the Chantal Biya dredger. This comes as a strategic move by the Port Authority…
Cameroon: in poor condition, the road network deteriorated by almost 2% at the end of July According to data consulted by Breaking News Bilingue, the road network in good condition to date is 11.17%. Cameroon’s Road Network: Challenges and Developments Cameroon’s road network, a crucial component of the nation’s economic development, has faced significant challenges…
