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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 to benefit from UBA’S Covid-19 Relief Support across Africa

The United Bank for Africa Plc (UBA) today announced a donation of over  (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against 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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African Development Bank unveils project to resolve Cameroon’s Electricity metering challenges

The African Development Bank and the multi-donor Fund for African Private Sector Assistance (FAPA) have joined the government of Cameroon to launch an initiative to bolster the deployment of electricity...
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CEMAC countries challenged to embrace Economic diversification in the face of Covid 19

Economies within the Economic Community of Central African States (ECCAS) will collectively have a 4.7 percentage point drop in their projected GDP growth this year as a result of the...
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Cameroon plans 220 billion FCFA fund raising operation in April to finance priority projects

The State of Cameroon wishes to mobilize a total of CFAF 220 billion on the money market via the issue of Assimilable Treasury Bonds (OTA). This money will help finalize...
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Young Cameroonian researchers propose the use of Drones to combat Covid 19

The Ministry of Scientific Research and Innovation has welcomed the proposal of some young Cameroonians suggesting the use of drones to limit and consequently eradicate the coronavirus which has now...
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Cameroon fails to raise 10 billion FCFA from BEAC Debt market

some 10000 central african CFA franc bank note obverse Cameroon for the second time has not succeeded to raise 10 billion FCFA as expected from the debt market of the...
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Covid 19: Severe test in prospect for the payment of salaries of civil servants in Cameroon

The payment of the salaries of Cameroonian civil servants will be an uphill task for banks this month. This is due to the scare of Covid 19 whose curve is...
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Cameroonian Banks roll out plan to sail through Covid-19 storm

As Cameroon’s Coronavirus curve progresses geometrically to 56, the Association of credit Institutions APPECAM says they are getting ready to deal with shocks imposed by the pandemic. This is through...
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Equatorial Guinea Grants Relief to Oil & Gas Services Companies

The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea decided on the waiving of its fees for services companies in the country. This is the first...
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International Islamic Trade Finance Corporation recognized as Best Islamic Financier at the International Trade Finance Global (TFG) Trade Awards 2020

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has been named ‘Best Islamic Financier’ by the trade finance platform, Trade Finance...
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Jack Ma and Alibaba Foundations donate COVID-19 Medical Equipment to African Union Member States

Africa’s response to the Coronavirus Disease (COVID-19) outbreak received a boost today as the Africa Centres for Disease Control and Prevention (Africa CDC) and the Government of Ethiopia received a...
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