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Economy

Cameroon’s SME Bank loses at least 1 billion CFA francs annually

This establishment, which opened in 2015 by the State of Cameroon, has posted a negative result since 2016, according to a report by the Technical Commission for the Rehabilitation of...
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Cameroon’s inflation rate rising in the first quarter of 2020

A study by the National Institute of Statistics reveals the prices of consumer products increased by 0.5% compared to the 4th quarter of 2019 Compared to the first quarter of...
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Cameroon government behind scheduled time of 2020 Budget

State financial administrations are struggling to produce the statistical publications scheduled in the budget calendar on time. This is a departure from Cameroon’s commitments in terms of transparency and good...
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After drawbacks Chadian authorities re-authorize exportation of arabic gum and sesame

Chadian custom authorities have announced that the export of arabic gum and sesame is authorized throughout the territory while waiting for a joint decree to be taken by the Minister...
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British mining giant BWA Groups gets two exploitation licenses for activities in Cameroon

Investment Company, BWA Group, emphasises its growth strategy to achieve a sizeable investment in the mineral sector through its wholly-owned subsidiary BWA Resources. The company has built a strong portfolio...
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SNH open talks with Russian and British gas giants to scale up production in Cameroon

Cameroon-Cameroon’s National Hydrocarbons Corp., or SNH, and its partner Perenco Cameroon have started talks with Russia’s Gazprom and Britain’s Golar to increase production of liquefied natural gas. LNG production is...
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World Bank dishes out $346 million for development projects in Chad

The World Bank Group approved through the International Development Association (IDA), its institution dedicated to poor countries, a total funding of $ 346 million for two development projects aimed at...
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Chemical labeling of petroleum products earns Cameroon $66 million annually since 2012

The Hydrocarbons, analyzes and controls Unit (Hydrac) has taken stock of the fallout from the chemical marking of petroleum products, implemented in Cameroon since 2012. “We can cite the reduction...
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Post Covid-19: Global Leaders at UBA Africa Day Conversations Pursue Economic Recovery

Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations betweengovernments and the private sector as a panacea...
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Africa Regional Integration Index underlines integration as key to building more resilient economies

The second Africa Regional Integration Index (ARII 2019) was launched Friday by the Economic Commission for Africa (ECA), the African Development Bank and the African Union Commission (AUC), with a...
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Cocoa and Coffee farmers in Gabon reassured of good prices despite Coronavirus shocks

The Stabilization and Equalization Fund CAISTAB has assured that the purchase price of coffee and cocoa will remain at a decent price after the Covid-19 crisis. Good insurance for planters,...
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Gabon launches study to mitigate economic shocks of Coronavirus

The Ministry of the Economy has just launched a telephone survey to measure the impact of Covid-19 on business activities and household living conditions. In the short term, this study...
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About 90.000 tonnes of palm oil to be imported in Cameroon this year, as CS ALID SARL unveils plans to increase local production

Though affected by the Coronavirus crisis, producers of refined vegetable oils and soap in Cameroon are  already  preparing for the post-health crisis. The operators will import 90,000 tonnes of crude...
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Elumelu says Covid-19 Presents Opportunity to Reset Africa

The founder of the UBA Group advocates a kind of Marshall Plan which will ease the debt burden and give priority to young people through the increased support for the...
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