The African Development Bank ‘s portfolio in the road infrastructure sector in Cameroon is approximately 825 billion FCFA (824,800,696,496 FCFA). The AfDB is thus positioned as the country’s leading technical partner in this area. Taking part in the recent Transport Forum, Emmanuel Ngannou Djoumessi , Minister of Public Works, pleaded with the Bank for an increase in its investments in Cameroon, during the...
In the first half of 2024, Cameroon is expected to see a significant drop in its oil revenues, threatening the government’s target of 801 billion FCFA for the year. Factors behind this underperformance include falling global prices and declining production. Cameroon is facing a worrying decline in its oil and gas revenues in the first...
The Former Director of internal audit of Bange SA, takes the reins of the Cameroonian subsidiary of the Equatorial Guinean bank. His appointment comes in a difficult context, three years after the launch of the bank on the Cameroonian market, where it is struggling to establish itself in the face of fierce competition. Change at...
The parts for the assembly of the plant, which has a capacity of 5 million tonnes per year, are being manufactured, three years after the official start of work on the new refinery by the Chinese company Atlantique Petrochimique, a subsidiary of Beijing Fortune Dingheng Investment. The manufacturing plant for the assembly parts of the...
The amount allocated by the Islamic Development Bank to the leader in finance in Cameroon is part of post-Covid19 financing and will support small and medium-sized enterprises. According to the communication department of the Cameroonian private bank, the role of Afriland First Bank as an executing agent will consist of supporting and assisting the Government...
Through a week of events from September 7 to 13, 2024, CCA-Bank is highlighting bancassurance in the cities of Douala and Yaoundé. This initiative aims to raise awareness among populations about bancassurance products, in particular the CCA Santé and C-Sécur solutions, while strengthening the bank’s performance after a year 2023 marked by strong growth. CCA-Bank,...
President Paul Biya has officially awarded Camalco, a subsidiary of Australian Canyon Resources, the permit to exploit the Minim-Martap bauxite deposit. This major mining project, worth $2 billion, is expected to make Cameroon a major player in the global bauxite market. However, experts have reservations about the economic benefits for the country. Cameroon has taken...
The Autonomous Port of Douala (PAD) and the Chamber of Agriculture, Fisheries, Livestock and Forestry (CAPEF) are intensifying their cooperation to modernize Cameroon’s port infrastructure. This collaboration mainly targets two major projects: the construction of a fishing quay at the Port of Limbe and the development of a central warehouse for the storage of export...
The National Order of Chartered Accountants of Congo (ONEC-C) organized, from September 5 to 6 in Brazzaville, a training session for accountants on international public sector standards (IPSAS) which aim to improve the quality of financial information of entities in the said sector. The seminar participants were refreshed on the accounting of fixed assets and inventories, the...
