National identity card: in Cameroon, stamp duty increases by 257% The Evolution of Cameroon’s National Identity Card System In a significant development for Cameroon, the country’s national identity card system is undergoing a major transformation. The Delegate General for National Security, Martin Mbarga Nguele, has announced the introduction of a new biometric ID system that…
In Gabon, the head of state dismisses his brother from the post of director general of the Budget The political landscape in Gabon has undergone a significant shift following the head of state’s dismissal of the Director General of the Budget. This move indicates the dynamic nature of political appointments and the intricate balance of…
Tougher tax measures have not significantly deterred the importation of cigars and cigarettes into Cameroon, with figures staying above 2,000 tons. In Cameroon, the tobacco industry has been facing a series of stringent tax reforms aimed at curbing consumption due to health concerns. Despite these efforts, the importation of cigars and cigarettes has remained significantly…
The Expansion of the French Regional Capitals Project: A New Chapter for Bamenda and Maroua Good news for Bamenda and Maroua! The cities are now officially included in the French Regional Capitals Project, according to an announcement by French Ambassador to Cameroon, His Excellency Thierry Marchand The French Regional Capitals Project, a significant development initiative,…
World Bank Approves $300 Million Loan (≈ 182 Billion FCFA) for Cameroon’s PROLOG Project in Crisis-Hit Regions In a significant move to bolster development in regions affected by various crises, the World Bank has extended an offer of 300 million US dollars, approximately 182 billion FCFA, to Cameroon. This funding is part of the Local…
La Société Générale Cameroun a réalisé un bénéfice net de 29,8 milliards de francs CFA en 2023, en hausse de 31% Dans une remarquable croissance financière, la Société Générale Cameroun a enregistré un bénéfice net de 29,8 milliards de francs CFA pour l’année 2023, soit une augmentation significative de 31% par rapport à l’année précédente….
Cameroonian Government Appoints Me Prosper Abega to Tackle Tax Agent Corruption in Bourbon Case 2024 The Cameroonian government’s move to constitute Me Prosper Abega in the Bourbon affair marks a significant step in addressing the pervasive issue of corruption among tax agents. This decision reflects a broader commitment to improving the integrity of the nation’s…
Allegations of embezzlement have marred the reputation of the legislative body, raising concerns about governance and accountability of 3 billion CFA francs in the Senate MISSING!!!!!!! The Cameroon Senate Embezzlement Scandal: A Call for Transparency and Accountability In recent times, the Cameroon Senate has been embroiled in a significant embezzlement scandal, involving the misappropriation of…
Cameroon Development Corporation (CDC) exported 10,255 tons of bananas between January and April 2024, data from the Cameroon Banana Association showed. This volume is almost one-third of the 33,731 tons exported during the same period in 2017 before the company was fully hit by the Anglophone crisis. The Cameroon Development Corporation’s Struggle and Resilience Amidst…
IMF Endorses Cameroon’s Economic Progress with 71.5 Billion FCFA Funding Boost In a significant move to bolster Cameroon’s economy, the International Monetary Fund (IMF) has approved a substantial disbursement of funds to support the country’s ongoing economic and financial reforms. This decision comes as a part of the IMF’s Extended Credit Facility (ECF) and Extended…
