Economic

Beverages, cement…: Beac predicts a drop in activity in Chad in the 3rd quarter The main reason given by the Bank of Central African States (BEAC) is the rainy season. The Central African Economic and Monetary Community (CEMAC) through the Bank of Central African States (BEAC) has forecasted a downturn in economic activity for Chad…

Cameroon’s Economic Outlook: The Challenges Ahead in the 3rd Quarter of 2024 In its economic forecast test for the third quarter, Beac cites, among others, the sectors of agriculture, services and processing. As we approach the third quarter of 2024, Cameroon’s economy faces a complex set of challenges that could potentially dampen economic activity. Drawing…

Cemac: inflation stagnates at 5.1% in the 1st quarter of 2024, far from the community standard of 3% Despite a decrease of 1.3% compared to 6.4% at the end of March 2023, the price increase is maintained mainly by the “food products and non-alcoholic beverages” and “transport” functions. The Economic Pulse of CEMAC: Navigating Inflationary…

Bilateral cooperation: Canada welcomed 11000 new Cameroonians in 2023 Which places this CEMAC state in the top 10 countries where new immigrants come from. Bilateral Cooperation: Strengthening Ties Between Canada and Cameroon On August 7, 2024, Immigration, Refugees and Citizenship Canada (IRCC) organized an information session on the introduction of Canadian visas at the High…

Cameroon: World Bank Solutions to Optimize Tax Revenue Collection One of the measures advocated by the Bretton Woods institution is the “thorough” revision of the Tax Code. Cameroon’s economic landscape is undergoing a transformative phase with the World Bank’s involvement in enhancing the country’s tax revenue system. The recent reports released by the World Bank,…

Cameroon: driven by the goat sector, national meat production reaches 310,000 tonnes in 2023 (report) According to the report of the Ministry of Livestock, Fisheries and Animal Industries (Minepia) on the situation of production and imports of these sub-sectors, local production is up 6% year-on-year. An increase is supported by investments made in favour of…

Cameroon misses its milk production target of 200,000 tonnes by 2023 The private sector and the importation of dairy cows still contributed to a 2% increase in national production during this period. In 2023, Cameroon faced a significant challenge in its agricultural sector: the nation missed its ambitious milk production target of 200,000 tonnes. This…