Cameroonian telecommunications operator, Camtel, posted a record net profit of 11.1 billion FCFA in 2023, marking a turning point in its history with a dividend payment to the State, despite persistent operational challenges. Cameroon Telecommunications (Camtel) achieved an unprecedented performance in 2023, posting a net profit of 11.1 billion FCFA, an increase of 23% compared...

On October 19, 2024, CCA Bank inaugurated its new headquarters in Douala in the presence of influential personalities such as Louis Paul Motaze, Minister of Finance, and Samuel Eto’o Fils, President of the Cameroon Football Federation. This event marks a key milestone for this financial institution that has become a major player in Cameroon, with...

Cameroonian hydrocarbon giant Tradex is preparing to invest in the Congolese market. This expansion is part of an ambitious development strategy that has already borne fruit in several countries in the region. After conquering Cameroon, the Central African Republic, Chad and Equatorial Guinea, Tradex is preparing to establish itself in the Democratic Republic of Congo....

Discussions between the Ministry of SMEs and the Cameroon Business Association (GECAM) resulted in the development of a joint roadmap for the two institutions, for the period 2024-2026, with a view to boosting the Cameroonian entrepreneurial ecosystem. According to the Ministry of SMEs, this framework for collaboration is based on the observation that SMEs constitute...

On October 11, the players in the national oil market agreed on the price of a barrel of crude oil at 78.59 dollars, representing an average quarterly differential of -0.34 dollars per barrel. The prices of the reference crudes were readjusted to 75.99 dollars for Djeno Blend ,  78.12 for Nkossa Blend and 81.67 for Yombo. Congolese...

The United Bank for Africa, UBA, is in the process of recapitalization which gives investors across the globe and Cameroon in particular where it has a strong hold chance to reap big. The Bank is said to have already  tabled  its application for the recapitalization process at the  Security and Exchange Commission, SEC. The approval...

Oil barrel prices remain volatile due to the drop in demand in major markets (China, United States) and the persistence of geopolitical tensions. The main players in the national market met on October 9 in Brazzaville to set prices for Congolese crudes, in particular Djeno Blend and Nkossa Blend, for the third quarter of 2024. ...

There was excitement around digital technology from the first day of the FrancoTech Show, which took place on October 3 and 4 at Station F in Paris. Between the stroll of the President of the French Republic, Emmanuel Macron, in the presence of Louise Mushikiwabo, Secretary General of the International Organization of La Francophonie, and...

The memorandum of understanding for the completion of work on several oil blocks in Congo was signed on September 27 in Moscow, Russia, between the Minister of Hydrocarbons, Bruno Jean Richard Itoua, and the Vice President of Lukoil, Ivan Romanovsky. The oil agreement provides for a strengthening of cooperation between the National Oil Company of...