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Peter Nsoesie

Fuel price hikes feared as Cameroon drops Subsidy by 248 Billion FCFA in 2025

According to the draft law n°2074/PJL/AN relating to the finance law of the Republic of Cameroon for the financial year 2025, the fuel subsidy will be set at only 15...
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Cameroon tables estimated 2025 State Budget of 7317 Billion FCFA to Parliament

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...
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Nachtigal – Wouro Soua Electricity line to connect Cameroon and Chad

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,...
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Congolese Financial authorities urged to Deliver Results on Budget Execution

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...
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Nachtigal Dam enters 4th stage Functionality

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,...
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BGFI Bank Cameroon prepares to unveil Ultra-Modern Head office

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...
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Cameroon tables Bill on Local Taxation

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...
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Cameroon plans to become the Wheat giant in Central Africa

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...
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Prudential Beneficial Insurance and Africa Golden Bank unite to Deliver Innovative Solutions

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...
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Patrick Benon Crowned C.E.O of the Year at Africatech Festival

Awarded each year during the Africa Tech Festival, the “CXO of the Year” is a prestigious award that celebrates a leader who has demonstrated in the field of ICT, “exceptional...
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Congolese companies explore opportunities under AGOA

Fifty stakeholders from the private and public sectors are taking part in a training workshop on November 12 and 13 in Brazzaville, focusing on opportunities for exporting products to the...
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CEMAC Financial experts discuss Regulatory Framework

The Central African Financial Market Supervisory Commission (COSUMAF), the Financial Market Regulatory Authority of the Central African Economic and Monetary Community (CEMAC), is organizing, in collaboration with the World Bank (WB),...
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Tough challenges for Congo as it assumes Africa Petroleum Producers Presidency

Taking over from Cameroon, Congo will assume the rotating presidency of the African Petroleum Producers Organization (APPO) in 2025. The Congolese presidency is especially expected on the thorny issue of...
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Cameroon finds local solutions to high cost of Road Construction

The Ministry of Public Works of Cameroon is increasing the number of meetings to identify solutions to reduce the costs of road construction and maintenance. The most recent, on November...
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