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Glencore says it bribed SNH and Sonara with CFA 7billion
Glencore says it bribed SNH and Sonara with CFA 7billion (Business in Cameroon) – The U.S. Department of Justice and the UK Serious Fraud Office announced last May 24 that the Anglo-Swiss multinational Glencore pleaded guilty to bribes in several countries, including Cameroon. “Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6 million…
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Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024
Cameroon Seeks $371.4M in Aid to Support 2.3M Vulnerable Citizens in 2024 The Cameroon Humanitarian Response Plan 2024: A Comprehensive Strategy for Aid and Resilience In 2024, Cameroon faces a significant humanitarian challenge, with 3.4 million people in need of assistance due to ongoing conflicts, climate shocks, and disease outbreaks. The Cameroon Humanitarian Response Plan…
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Gabon Secures 91 Billion CFA Franc Loan from BIRD for Digital and Statistical Advancement
Gabon Secures 91 Billion CFA Franc Loan from BIRD for Digital and Statistical Advancement In a significant economic development, Gabon is set to secure a loan of 91 billion CFA francs from the International Development Association (IDA), a part of the World Bank Group known as BIRD in French. This move is aimed at financing…
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Leadership Shift: Georges Fotso Spearheads ASCA Asset Management
Leadership Shift: Georges Fotso Spearheads ASCA Asset Management The financial landscape of Cameroon has witnessed a significant development with Georges James Ndzutue Fotso taking the helm of ASCA Asset Management. This move marks a pivotal moment for the asset management firm, which is a franchise of the Attijariwafa bank group, responsible for portfolio management within…
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Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief
Financial Aid Flowing: Cameroon Distributes 35 Billion CFA Francs for Economic Relief Cameroon’s Commitment to Economic Recovery: A 35 Billion CFA Franc Allocation In a significant move to bolster economic recovery in areas impacted by various challenges, the Cameroonian government has earmarked a substantial sum of 35 billion CFA francs. This allocation is a testament…
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Cameroon Launches Ambitious 305 Billion CFA Franc Initiative to Elevate Dairy Production
Cameroon Launches Ambitious 305 Billion CFA Franc Initiative to Elevate Dairy Production Cameroon’s Ambitious Plan to Revitalize the Dairy Sector In a bold move to revitalize its dairy sector, Cameroon has adopted a comprehensive plan worth 305 billion CFA francs. This initiative represents a significant investment in the country’s agricultural infrastructure and has the potential…
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Gabon’s Equatorial Mines Company Parts Ways with CEO Wesbert Moussounda Ngoumba
Gabon’s Equatorial Mines Company Parts Ways with CEO Wesbert Moussounda Ngoumba The Corporate Shuffle: Wesbert Moussounda Ngoumba’s Departure from Equatorial Mines Company In the dynamic world of corporate leadership, change is often the only constant. The recent news from Gabon’s mining sector is a testament to this fact. Wesbert Moussounda Ngoumba, who has been at…
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The Evolution of Financial Management in Cameroon: The GUCE-Customs Brokers Partnership
The Evolution of Financial Management in Cameroon: The GUCE-Customs Brokers Partnership In the dynamic landscape of Cameroon’s economy, the collaboration between the Single Window for Foreign Trade (GUCE) and customs brokers has marked a significant milestone in enhancing financial management within the country. This partnership, formalized through strategic agreements, has streamlined the process of tax…
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Cameroon’s 2024 Budget Amendment: A Strategic Financial Adjustment increases to 7,278.1 billion CFA francs
Cameroon’s 2024 Budget Amendment: A Strategic Financial Adjustment Increases to 7,278.1 billion CFA francs In a significant move to bolster its economic strategy, Cameroon has revised its 2024 state budget, marking an increase to 7,278.1 billion CFA francs. This adjustment reflects an 8% increase from the initial budget, representing a strategic step by the government…
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National identity card: in Cameroon, stamp duty increases by 257%
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…
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