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Banking sector: CCA-Bank distributes a record dividend of 10 billion CFA francs to its shareholders The year 2023 was a fruitful year for CCA-Bank, which achieved its highest profit in 7 years for an equally historic dividend distributed to shareholders. EcoMatin’s close-up on the performance of this former microfinance company that successfully migrated to banking…

Kribi Port Industrial Zone: The New Destination for Industrialists in Cameroon With constantly improving infrastructure and a favorable investment climate, the Kribi Port Industrial Zone (ZIPK) is on its way to becoming a major industrial and logistics hub in Central Africa. Cameroon is poised to take a significant leap in its industrial and economic development…

Customs revenue: in Cameroon, the South II sector mobilizes 27.1 billion CFA francs in July 2024 For the General Directorate of Customs (DGD) of Cameroon, this is a record recorded by this customs sector since the commercial commissioning of the Autonomous Port of Kribi (PAK) on March 2, 2018, In July 2024, Cameroon’s South II…

Public securities: Cameroon pays up to 8.48% on its 3-year OTAs in June 2024 The yield curve of Cameroonian government securities made public by the Central Bank of CEMAC countries illustrates that Assimilable Treasury Bonds (OTA) with maturities of 3 and 3.5 years were, as of June 30, 2024, the most popular public bonds issued…

Cameroon’s ANOR Introduces New Standards to Bolster Import-Substitution Strategy 2024 These new texts adopted on the instructions of the Cameroonian Ministry of Agriculture aim to place on the market products based on local raw materials (cassava, pearl millet, plantain and sweet potato) representing an alternative to the wheat shortages faced by players in the bakery…

Automobile: Dutch Rymax Lubricants wants to launch lubricant distribution in Cameroon by the end of 2024 The company thus wishes to extend its activities in the Cemac zone after having established itself in several markets in West and Southern Africa. Rymax Lubricants, a Dutch company established in 1986, has announced its plans to expand its…

Cameroon: the price of a 120 KG bag of locally produced rice should drop by 6000 CFA francs in the Far North According to the Famine Early Warning Systems Network (Fews Net), the wholesale price of this cereal will vary from one city to another, but the price trend will be particularly downward during August…

The Bastos Factory Land Scandal: A Complex Legal Battle in Cameroon Initially partially retroceded to the local community, the lands of the estate formerly used by British American Tobacco for its cigarette manufacturing plant were then curiously put up for sale to relatives of the presidential family and barons of the Yaoundé regime. Cameroonian Head…

Glencore affair: the first suspects are known The Serious Fraud Office (SFO), the British fraud office, has revealed the identities of the first five people prosecuted in the corruption scandal involving former senior executives of Glencore, a Swiss commodities trader in Cameroon, but also in Nigeria and Ivory Coast where they are accused of having…

Tunisia-Cameroon Relations: A Future of Vast Cooperation, Says Mohamed Amine In an interview with EcoMatin, Mohamed Amine Ameur, the Chargé d’Affaires of the Tunisian Embassy in Cameroon, takes stock of his country’s participation in the 8th edition of the Cameroon International Crafts Fair (Siarc). And assesses the cooperation between the two countries. The statement by…