Between the 1st and 2nd quarter of 2023, the interest rate granted to individuals increased in Cameroon as highlighted in the report on lending rates practiced by Cemac countries. According to the said report, the rates rose from 13.33% to 16.62% between the two periods, an increase of 329 basis points (3.2%), which demonstrates that...
A welfare and social security organization in poor condition, the National Social Security Fund (CNSS) requires “systemic reform” as recommended in the report of the task force in charge of auditing Gabon’s internal and external debt . To find out more about the situation, the Minister of the Economy and Participations, Mays Mouissi, received, this Wednesday,...
Within the framework of a Partnership Agreement between the University of Buea (UB) and DOBRE Technologies (DOBRETECH), the UB IT Centre has been equipped with state-of-the-art equipment to provide six-month hands-on certification courses in Cloud Computing and Cybersecurity. The Chief Technological Officer (CTO) of DOBRETECH, Mr. Ewane Metuge Jr. and his team were in UB...
The public company Gab’Oil, specializing in the marketing and distribution of petroleum products, recently signed a partnership agreement in China with the company Shanghai Eternal Faith Industry Company Ltd (Sefic) which will allow it to continue to easily offer the bottle of butane gas at the price set last January, as part of the policy...
These are the shortfalls that the Cameroonian state real estate agent has recorded from 1994 to date. “In 30 years we have estimated the loss at around 90 billion that the State is bearing . It must be admitted that in other Nations, the State has completely disengaged but here (in Cameroon), the magnanimity of the Head...
Despite the hegemony of foreign multinationals, the national statistics institute of Cameroon reports that 06 local and Cameroonian companies contribute to 39.5% of the overall turnover of the productive sector amounted to 5,098.1 billion FCFA. Up 12.2% compared to the 2021 financial year, the economic and financial study of companies in 2022”, published on March...
In a recent announcement on July 19, Commercial Bank-Cameroun (CBC) revealed a capital increase from 16.5 billion to 24 billion FCFA, marking a significant rise of 7.5 billion FCFA (+45.45%). This decision was taken by the shareholders during an extraordinary general assembly held in Douala on June 22, 2023. The final statement announcing the capital...
Aliko Dangote Leads Forbes’ Ranking for the 12th Consecutive Year, with Nigerian and South African Entrepreneurs Dominating the List The total wealth of African billionaires has experienced a slight decline compared to the previous year, dropping from $84.9 billion to $81.5 billion. This decrease underscores the persistent economic inequalities on the continent, further exacerbated by...
Folorunsho Alakija’s extraordinary journey is one that is both powerful and deeply inspiring. At the age of 65, she has risen to become the richest black woman in the world, surpassing even Oprah Winfrey. Alakija’s path, originating from Nigeria, is a testament to her remarkable resilience and determination. From a humble secretary, she ventured into...
