The Cameroonian government has submitted to Parliament its draft budget for 2025, estimated at 7,317.7 billion CFA francs, a slight increase compared to 2024. This envelope places emphasis on public investment, with an increase of 16.1% in this area, while relying on growth in the non-oil sector. The draft budget of the Cameroonian State for...

Despite colossal investments and jobs generated, the oilseed sector in Cameroon remains under pressure. With a structural deficit of 160,000 tonnes of crude palm oil and increasing imports, the challenges related to local production, regulation and unfair competition worry the sector’s players. Over the past seven years, Cameroon has seen its imports of crude palm...

Mainly due to the increase in crude volumes sold by the company, TotalEnergies EP Gabon’s revenue stands at $157 million in the 3rd quarter of 2024, up 27% compared to the 2nd quarter. Compared to the previous quarter (124 million dollars), in the third quarter of 2024, TotalEnergies EP Gabon recorded a turnover of 157...

The future high-voltage transmission line between the Nachtigal dam and Wouro Soua, carried by revolutionary carbon-based conductors, is part of the Cameroon-Chad Electricity Grid Interconnection Project (Pirect). This colossal project, supported by many international partners, promises to improve access to electricity, reduce greenhouse gas emissions and strengthen energy integration in the sub-region. With 524 km...

The oil giant TRADEX, a subsidiary of the Société Nationale des Hydrocarbures (SNH) of Cameroon, is expanding its activities in the Democratic Republic of Congo. With a share capital of 2.5 billion CFA francs, this new subsidiary aims to strengthen energy autonomy and stimulate the country’s economic emergence. TRADEX RDC officially launched its activities on...

The Minister of Budget, Public Accounts and Public Portfolio, Ludovic Ngatsé, brought together on November 22 in Brazzaville the general, central and departmental directors of Taxes and Estates and those of Customs and Indirect Taxes to remind them of the obligation of results in the collection of public funds. In a pedagogical but sincere tone,...

On November 18, 2024, Nachtigal Hydro Power Company (NHPC) announced the commissioning of the fourth group of the Nachtigal hydroelectric development. This milestone brings the power produced to 240 MW, marking a significant step forward in Cameroon’s energy development. Launched in 2016, the Nachtigal hydroelectric project, located in the Central region, aims to strengthen the...

In an exclusive interview with CEMAC-ECO.FINANCE, Djaïli Amadou Amal, an award-winning author and passionate advocate for women’s rights, shares her inspiring journey from Maroua in Cameroon to becoming an influential voice for the women of the Sahel. Through her deeply personal and socially conscious writings, including the internationally acclaimed “Les Impatientes,” Amal discusses her mission...

The COP29 in Baku saw significant engagements, intense debates, and a spotlight on Africa’s climate challenges and hopes. With representatives from Nigeria and other African nations voicing strong opinions, the conference highlighted both the progress and the ongoing struggles in addressing global climate change. The 29th Conference of the Parties (COP29), held in Baku, Azerbaijan,...

BGFI Bank Cameroon is set to mark a milestone in its history with the official inauguration of its new headquarters building on December 6 in Douala. This ultramodern eight-story building illustrates the bank’s ambitions, its commitment to Cameroon’s economic development, and its concern for the well-being of its employees. The Cameroonian subsidiary of the BGFI...

Submitted to the National Assembly on November 13, 2024, the bill on local taxation proposes to eliminate certain municipal taxes and introduce major reforms to optimize the resources of decentralized local authorities (CTD). These measures aim to simplify the legal framework, strengthen the financial autonomy of CTDs and improve financing mechanisms. With only three local...

The Minister of Economy and Investments, Mays Mouissi, explained, on November 18, 2024 in Libreville, the ins and outs of the early repurchase operation of the Eurobond 2025. This strategic approach aimed to lighten the burden of external debt while strengthening Gabon’s financial resilience. What you need to understand. During a press briefing on November...

Cameroon’s second largest employer after the state, the Cameroon Development Corporation (CDC), which specializes in the production, processing and marketing of export crops such as bananas, palm oil and rubber, is going through an alarming financial crisis. In five years, the company has accumulated a colossal debt of 81.7 billion CFA francs. This is divided...

Patrick Benon, the dynamic CEO of Orange Cameroon, has made significant strides in the telecommunications industry, earning him the prestigious title of “CXO of the Year” at the Africa Tech Festival. This award celebrates leaders who have demonstrated exceptional contributions to their organizations through visionary leadership, innovative strategies, and exemplary execution in a rapidly changing...

Cameroon is on its way to becoming a central player in wheat production within the Economic and Monetary Community of Central Africa (CEMAC). This approach is part of a large-scale project led by the Ministry of Scientific Research and Innovation (MINRESI). Eddy Ngankeu, Technical Advisor No. 2 of MINRESI, reaffirmed this ambition in a recent...

October 31, 2024 will remain a milestone for the Cameroonian financial sector. On that day, Prudential Beneficial Insurance and Africa Golden Bank sealed a strategic bancassurance partnership during a ceremony held at the insurer’s headquarters in Douala. The event brought together influential figures in the sector, reinforcing the importance of this collaboration. Africa Golden Bank...

Norwegian investment fund Norfund is showing growing interest in Cameroon to finance projects focused on the green economy. In its desire to strengthen its presence in Central Africa, Norfund is particularly targeting agro-industry and renewable energies, with the aim of promoting job creation and combating climate change. Norfund, the Norwegian investment fund, recently announced its...

Cameroon’s Ministry of Public Contracts is stepping up its fight against the abandonment of construction sites by service providers. A 21-day ultimatum has been given to 216 companies to resume abandoned work or justify their cessation, under penalty of suspension. The Ministry Delegate to the Presidency in charge of Public Procurement (Minmap), headed by Ibrahim...