After the agreement between UBA Group and the Africa Continental Free Trade Area (AfCFTA) Secretariat in 2023 to invest $ 6 billion as funding for African Small and Medium Enterprises within the next three years. The MD/CEO of UBA Cameroon Jude Anele accompanied by some top executives held a round table session with the media...
In detail, between January and March 2024, four financing agreements valued at 240.7 billion FCFA were signed by the Cameroonian authorities. Of the total amount borrowed during the indicated period, we learn that 75.2% are loans whose interest rate is lower than market rates (concessional financing) and 24.8% are loans respecting market conditions. (non-concessional financing)....
In a bid to facilitate access to financial services, a partnership agreement has been signed between UBA Cameroon and the University of Ngaoundere. Prof. MAMOUDOU ABDOULMOUMINI Vice Chancellor of the University of Ngaoundere led the delegation, while Jude Anele MD/CEO led the UBA Cameroon team. The partnership will see university of Ngaoundere start a business...
According to information provided by the Ministry of Agriculture and Rural Development, the State will contribute 6.3 billion FCFA, while the Central African Forest Initiative (Cafi) will supplement with a donation of 4.2 billion FCFA (approximately 5 million dollars). This subsidy will benefit 75,231 producers, with a distribution favoring 80% of cocoa farmers and 20%...
VivaTech 2024 is thrilled to announce the participation of Harley Finkelstein, President of Shopify, as a distinguished speaker at this year’s event. With a remarkable entrepreneurial journey and extensive experience in business leadership, Harley brings invaluable insights into e-commerce, innovation, and entrepreneurship. VivaTech 2024 is delighted to welcome Harley Finkelstein, President of Shopify, as a...
The Cameroon Investment Forum (CIF) 2024, orchestrated by the API in Douala, highlights the import-substitution policy, targeting key sectors such as rice, corn, fish, milk and oil. webbed. Initiated in 2021, this strategy aims to boost local production. Private actors, during this gathering, expressed their concerns, particularly on land challenges and agricultural financing, essential for...
Although the market capitalization of available securities increased by 36.8% over one year, efforts are still expected so that the Central African Securities Exchange (Bvmac) achieves its objectives, underlines the report on monetary policy. of the Bank of Central African States (Beac), published at the end of March 2024. To better understand the increase observed,...
Mitigating the short-term impacts of food and nutritional insecurity in targeted areas, strengthening economic, climatic and community resilience these are the outlines of the framework financing agreement signed on April 22, 2024 in Yaoundé between the State of Cameroon and the FAO, whose Director General, Qu Dongyu is visiting Cameroon. Called “ Emergency Project to Combat...
Charlette N’Guessan, an advocate for responsible AI in Africa, is set to share her insights as a speaker at VivaTech 2024. With a background in AI product engineering, she has co-founded startups focusing on identity verification and facial recognition technology. Her presence at VivaTech presents an opportunity to highlight the importance of ethical AI development...
In a dynamic of expansion, Camair-Co, the national airline of Cameroon, has just announced the addition of Pointe-Noire, economic capital of Congo, to its network of destinations. This announcement comes just after the opening of a route to Cotonou, thus strengthening the company’s presence in Central Africa. With flights scheduled three times a week on...
In order to improve the effectiveness of controls on wood production and the export of processed forest products, the Ministry of Water and Forests launched this Monday, April 15, a training workshop on the identification of transformed forest species by-products. . Organized with the support of ATIBT until May 4, this workshop aims to strengthen...
Elected with 98.18% of the votes from the Groupement des Entreprises du Cameroun (Gecam), Célestin Tawamba, the only candidate in the race, presented to business leaders the roadmap which will establish new rules for a Cameroonian employers more strong. “We are going to do it, ladies and gentlemen, breaking with the past. For this, we...
Hervé Ndoba, Central African Minister of Finance and Budget, during a roadshow in Douala was in front of investors in order to raise the said amount to cover the current investment needs of the State. After the passage of Gabon, here is the Central African Republic which appears before Cameroonian investors in Douala in search...
Designated the first Gabonese diamond trading post, the Société Équatoriale des Mines (SEM) obtained its first Kimberley Process certificate on March 25. The first issued by the Gabon section of the Permanent Center of the Kimberley Process (CPPK), this essential document in the international trade of rough diamonds will allow traceability of the SEM’s sales....
Outlooks from major international institutions indicate that Africa is preparing to dominate the global economic landscape in 2024. For the ECA, Niger, Senegal, Ivory Coast, DRC and Rwanda will particularly stand out in this regard. According to a recent report by the Economic Commission for Africa (ECA) on economic and social developments in Africa, countries...
With a capital of 30,576 billion CFA francs, this port company 100% owned by the State of Cameroon was classified as a high-class company of national importance on December 19, 2023 by the Central African Banking Commission (COBAC) on December 19, 2023. during an ordinary session in Douala. High standing company of national importance or...
Boissons du Cameroun marked an 18% increase in its production capacity through the inauguration of its new line installed in its Yaoundé factory. Built by the Krönes company and inaugurated on March 21, 2024, by the Minister of Commerce, Luc Magloire Mbarga Atangana, representative of the Prime Minister; this new production unit will boost the production...
In a national call for tenders marked “under emergency procedure”, the State of Cameroon via the Ministry of Finance is seeking structures for the production of the general tax code for the 2024 financial years, 2025 and 2026. Upon reading the document signed by the Minister of Finance, Louis Paul Motaze dated March 18, 2024,...
