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Peter Nsoesie

BEAC retracts after dangling Devaluation axe on member states

The governor of the Bank of Central African States has assured the public  that the health crisis caused by covid-19 has not affected the level of foreign exchange reserves. “The...
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Cameroon government seals groundbreaking deal with private company to revive limping wood sector

The contract was initialed on May 12, 2020 between the Minister of Mines, Industry and Technological Development, Gabriel Dodo Ndoke, and Mohamadou Hamida, the Managing Director of the said company....
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Cameroon to raise 335 billion FCFA from Treasury Bonds between April and June 2020

The various operations for the issue of public securities, planned on the BEAC market, relate to an overall envelope of 335 billion FCFA. “The 2nd quarter of 2020 of the...
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800 Billion FCFA loss in Cameroon’s economy due to Coronavirus

The information is from the Minister of Finance, Louis Paul Motaze, who revealed it during a press conference organized in concert with the Minister of Communication René Emmanuel Sadi, Wednesday...
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Equatorial Guinea awards Contract to American Company Nexant for Methanol-to-Derivatives Plant

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea, in collaboration with the Atlantic Methanol Production Company (AMPCO), awarded American company Nexant the feasibility study for the construction of...
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Cameroon Taxation Authorities mobilize 537 billion FCFA in the first quarter of 2020, an increase of CFAF 74 billion compared to 2019

The Covid-19 pandemic, which continues to wreak havoc around the world, has significantly disrupted the world economy in general and that of Cameroon in particular. Despite this precarious situation, the...
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Motaze downplays BEAC’s Devaluation hypothesis, insist CEMAC States are working hard to eradicate Coronavirus

According to the Minister of Finance of Cameroon, the CEMAC states are working to mitigate the effects of the coronavirus on monetary parity. “The risk that hung over our heads...
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CAMTEL gets new improved Certification in Cameroon

“CAMTEL  is now ISO 9001/2015 certified in its wholesale segment,” has been the message for the past few days by the telephone operator on its various web platforms. ISO 9001...
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Taxation boss in Cameroon salutes fiscal efforts to assist companies affected by Coronavirus

Cameroon’s Director General of Taxes says that measures taken by Government to contain Covid 19 come at a huge cost. Modeste Mopa Fatoing who spoke to the national daily Cameroon...
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Cameroonian startup create platform for covid-19 diagnostics

The innovation is from a young Cameroonian named Cédric Atangana, robotics and artificial intelligence engineer. His name is Cédric Atangana; young Cameroonian entrepreneur who has created a platform allowing him...
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Cameroonian group KPMO leaves the management of the Kribi Multipurpose Terminal on June 30, 2020

The Cameroonian group, KPMO, (made up of 9 companies from the port market including APM, TRANSIMEX AND SAPEM) responsible for the management of the multipurpose terminal of the Autonomous Port...
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Cameroon Government launches tender call for Limbe thermal power plant

Gaston Eloundou Essomba, the Cameroonian Minister of Water and Energy, launched on May 7, 2020, a call for expressions of interest, for the pre-qualification of partners with a view to...
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Douala – Bangui corridor regains steam after Covid-19 imposed recess

Freight traffic has resumed along the road which connects Cameroon to the Central African Republic. Last week, Cameroonian truck drivers stopped work after several of them, affected by Covid-19, were...
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Prudential Beneficial maps out effective strategies to deal with Coronavirus threat

One of Cameroon’s biggest Insurers in on the frontlines against the coronavirus . Prudential Beneficial has announced a series of measures to tackle the global pandemic. According to the Group...
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