BGFI Bank Cameroon is set to mark a milestone in its history with the official inauguration of its new headquarters building on December 6 in Douala. This ultramodern eight-story building illustrates the bank’s ambitions, its commitment to Cameroon’s economic development, and its concern for the well-being of its employees. The Cameroonian subsidiary of the BGFI...
Submitted to the National Assembly on November 13, 2024, the bill on local taxation proposes to eliminate certain municipal taxes and introduce major reforms to optimize the resources of decentralized local authorities (CTD). These measures aim to simplify the legal framework, strengthen the financial autonomy of CTDs and improve financing mechanisms. With only three local...
The Minister of Economy and Investments, Mays Mouissi, explained, on November 18, 2024 in Libreville, the ins and outs of the early repurchase operation of the Eurobond 2025. This strategic approach aimed to lighten the burden of external debt while strengthening Gabon’s financial resilience. What you need to understand. During a press briefing on November...
Cameroon’s second largest employer after the state, the Cameroon Development Corporation (CDC), which specializes in the production, processing and marketing of export crops such as bananas, palm oil and rubber, is going through an alarming financial crisis. In five years, the company has accumulated a colossal debt of 81.7 billion CFA francs. This is divided...
Cameroon is on its way to becoming a central player in wheat production within the Economic and Monetary Community of Central Africa (CEMAC). This approach is part of a large-scale project led by the Ministry of Scientific Research and Innovation (MINRESI). Eddy Ngankeu, Technical Advisor No. 2 of MINRESI, reaffirmed this ambition in a recent...
October 31, 2024 will remain a milestone for the Cameroonian financial sector. On that day, Prudential Beneficial Insurance and Africa Golden Bank sealed a strategic bancassurance partnership during a ceremony held at the insurer’s headquarters in Douala. The event brought together influential figures in the sector, reinforcing the importance of this collaboration. Africa Golden Bank...
Norwegian investment fund Norfund is showing growing interest in Cameroon to finance projects focused on the green economy. In its desire to strengthen its presence in Central Africa, Norfund is particularly targeting agro-industry and renewable energies, with the aim of promoting job creation and combating climate change. Norfund, the Norwegian investment fund, recently announced its...
Cameroon’s Ministry of Public Contracts is stepping up its fight against the abandonment of construction sites by service providers. A 21-day ultimatum has been given to 216 companies to resume abandoned work or justify their cessation, under penalty of suspension. The Ministry Delegate to the Presidency in charge of Public Procurement (Minmap), headed by Ibrahim...
Awarded each year during the Africa Tech Festival, the “CXO of the Year” is a prestigious award that celebrates a leader who has demonstrated in the field of ICT, “exceptional leadership in the management of organizations, strategic planning and the management of rapid change”. The current CEO of Orange Cameroon, Patrick BENON, has 17 consecutive years of...
