Trade between the North of Cameroon and Nigeria has drastically dropped following the closure of the border by government to contain the spread of the coronavirus. The closure of the border has led to a sharp reduction in food export like cereals, oil and onions. While Imports like fuel and cars cannot enter Cameroon. Car...
Cameroon’s Finance Minister, Louis Paul Motaze has set the term for the application of a measure to reduce custom tarrif by 5% for imported vehicles intended for public transport. The Cameroonian government decided to introduce a reduced customs tariff of 5% on imports of vehicles intended for transport by taxis and buses. The Government move...
The public debt and guarantees of Cameroon stood at about 8424 billion FCFA by December 2019. The Ministry of Finance who published the report also reveals the amount represented at this period, around 37.3% of the Gross Domestic Product, against 5039 billion FCFA at the end of 2015 or 30% of the GDP, representing an...
The Cameroonian government unveiled its debt strategy for the period 2020-2022, in a briefing note on issues of bonds of assimilable treasures (OTA) by auction, published on April 1, 2020 by the Ministry of Finance. The debt need of the Cameroonian State (including budget support) planned for the period 2020-2022 is 3,440 billion FCFA, including...
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 reached the decision further said the amount could be increased should the need arises. This is the main fallout of a meeting held to find...
Bitcoin – Satoshi Nakamoto Bitcoin Satoshi Vision (BSV) rose sharply at the start of the day, peaking at $ 9,690 today, April 1, 2020, before dropping back to the $ 9,370 level at the time of writing. April Fool! and our apologies to The Coin Tribune readers who believed it … In real life, Bitcoin...
Cameroon’s Electronic payment switch is now operating across the country. Laucnhed by the Minister of Post and Telecommunication Minette Libom Li Likeng, this switch managed by the Cameroon Postal Service CAMPOST, aims to promote the inter-operability of the various services offered by operators using the national electronic communication network. This interoperability will be performed via...
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 and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank treasuries, and asset...
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 or carry out projects in four major areas and improve the living conditions of the population. Projects targeted by this fundraising are the development and...
