Cameroon: in poor condition, the road network deteriorated by almost 2% at the end of July According to data consulted by Breaking News Bilingue, the road network in good condition to date is 11.17%. Cameroon’s Road Network: Challenges and Developments Cameroon’s road network, a crucial component of the nation’s economic development, has faced significant challenges…
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…
Congo: Food insecurity affects 59% of the population (World Bank) Presenting the annual report on the country’s economic and financial situation, the institution revealed that this situation is the consequence of the rise in generalized inflation. The Republic of Congo’s Struggle with Food Insecurity: A Deep Dive into the World Bank’s Findings The Republic of…
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…
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…
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,…
