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Economy

French startup Heetch leaves Cameroon following Covid-19 threat

Threatened directly by the Covid-19 from French soil, Heetch the French VTC application has decided to suspend its operations in Cameroon. This is contained in a recent statement made public....
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Covid-19 accelerates Gabon’s new inter-urban transport company Trans’Urb

Gabon’s Transport Minister Léon Armel Bounda Balonzi has launched the activities of Trans’Urb, the public bus company that will facilitate transportation of people in major cities of the country. The...
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Coronavirus provides opportunity to boost local products in Cameroon despite inherent shocks

Despite the pain, the risks, the loss of human life and materials since the arrival of COVID-19; the Cameroonian entrepreneurs can seize the opportunity to boost the economy and make...
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BEAC to inject liquidity in CEMAC’s banking system

The Bank of Central African States BEAC has announced it will infuse 500 billion FCFA to boost the banking sector in particular.  The Monetary Policy Committee of the institution who...
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Cameroon’s Employer Organization releases measures to stabilize Covid-19 hit Economy

After carrying out findings on the impact of the coronavirus on Cameroon’s economy, the Business cartel in Cameroon GICAM has outlined some proposals for implementation by the government. The President...
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Tower Resources operations in Cameroon hit by Covid 19 restrictions

Tower Resources has announced updates in respect of its Thali Production Sharing Contract (‘PSC’) in Cameroon, conducted through its wholly-owned subsidiary Tower Resources Cameroon, and its binding heads of terms...
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Coronavirus hits Cameroon’s Insurance sector, Prudence Beneficial makes sweeping reforms to adapt

Beside the tragic human toll of the coronavirus, the s already having considerable economic impacts, posing major challenges to the global supply chain and certain business sectors such as airlines,...
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100 young people to be trained on Renewable Energy in Cameroon

A training offer for 100 young people passionate about renewable energy issues has been launched in Cameroon. It is a training project initiated by Environment, Renewable Energies and ICT in...
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Congo plans 2.2 billion FCFA for the development of telecom services in rural areas in 2020

The Republic of Congo has planned to invest the sum of 2 243 900 807 FCFA in the development of telecom services in rural areas. The amount represents 75% of...
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African Development Bank launches 3 billion US Social Bond to fight Covid-19

The African Development Bank (www.AfDB.org) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods...
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Chinese funded projects in Cameroon meet stonewall, Government swings into action

Projects financed by the Chinese government in Cameroon have been gripped by a plethora of challenges; causing some of them to be abandoned. While others  are moving at snail pace. ...
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CEMAC Commission predicts drop in Cameroon’s Economic growth due to Covid 19

The permanent Secretariat of the CEMAC Economic and Financial Reforms Programme –PREF CEMAC has revealed that the coronavirus would have a negative impact on Cameroon’s economy.  The organ of the...
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Cameroon’s SME Bank to fund agricultural projects through 200 million FCFA scheme

The   bank for Small and Medium sized Enterprises in Cameroon wants to strengthen the capacity of the human capital engaged in key sectors of Agriculture. This follows a deal reached...
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Cameroon receives Pan-African aid from Alibaba CEO to tackle Covid 19

Cameroon’s share of the medical support promised by Chinese billionaire and Philanthropist Jack Ma has been received today. The cargo plane dispatched by the Alibaba boss earlier arrived Ethiopia where...
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