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In Cameroon MTN Mobile Money activity increased by 28% in 2023 The subsidiary of the South African telecommunications giant MTN achieved a turnover of 59.3 billion CFA francs during the year 2023. In 2023, Cameroon witnessed a significant surge in the activity of MTN Mobile Money, marking a 28% increase from the previous year. This…

Cameroon: Olivier Bagneki Hugues, CEO of Nsia Vie Assurances, dies five months after his appointment According to several sources, he died of a malaise Our thoughts are with his family, friends, and colleagues during this difficult time. May his soul rest in peace. The business community in Cameroon and beyond is mourning the loss of…

Financial market: Bvmac crosses the $2 billion mark in global capitalization Driven by its bond compartment, the Central African Stock Exchange (Bvmac) experienced a growth of 26% between January and August 2024, crossing the 1,300 billion CFA francs mark in capitalization, or more than 2 billion US dollars. However, with a less dynamic equity compartment…

Gabon acquires more than 200 machines to boost agricultural and construction activities This acquisition comes after the validation of the National Development Plan for the Transition (Pndt) which requires more than 1,000 billion CFA francs over the period 2024-2026. In a significant move to bolster its agricultural and construction sectors, Gabon has recently invested in…

The Duval Arno Group’s Foray into Cameroon’s Food Chain: A Strategic Expansion 2024 The company, which wants to open around thirty quality structures in Douala, Yaoundé and Kribi by 2030, has just opened its first local supermarket in the Cameroonian economic capital. The Duval Arno Group, a conglomerate known for its significant presence in various…

Cemac: Beac tries to withdraw 50 billion CFA francs from the banking system After July marked by liquidity offers of a record amount of 470 billion CFA francs, the issuing institute of the CEMAC countries (Cameroon, Congo, Gabon, Equatorial Guinea, Chad and CAR) has just launched a new issue of securities paying 2.5%. The Central…

The Emergence of the Bauxite-Alumina-Aluminum Sector in Cameroon: A Strategic Alliance 2024 Prime Minister Joseph Dion Ngute chaired this August 13 in Yaoundé, the signing ceremony of an investment agreement protocol and a commercial contract between the government, the Cameroonian Aluminum Company (Alucam) and the Prometal group, with a view to the construction of an…

Sic Cacao, Chococam, Neo Industry, Ferrero …: after 4 seasons of improvement, the activity of Cameroonian cocoa processors drops by 4% According to data from the National Cocoa and Coffee Office (ONCC), the quantity of cocoa beans processed in local industries is estimated at 85,671 tonnes during the last 2023-2024 cocoa season compared to 89,204…

CEMAC: after Equatorial Guinea, new scandal of counterfeit BEAC banknotes in the Central African Republic According to information received by Breaking News Bilingue, the three counterfeiters of Cameroonian, Senegalese and Central African nationality were apprehended by the local police, with a sum that is close to a billion CFA francs. The Central African Economic and…

Cemac: Bdeac now accounts for 30% of outstanding debts listed on Bvmac With the listing on August 7, 2024, in Douala of 5,476,971 new bonds worth 54.7 billion CFA francs, the Development Bank of Central African States comes in second behind the State of Cameroon and ahead of Gabon. The Economic and Monetary Community of…