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cameroon

CDC exceeds 30,000 tonnes of banana exports in 2024, a historic post-crisis performance

With 31,643 tonnes of bananas exported in 2024, the Cameroon Development Corporation (CDC) recorded its best performance since resuming its activities in 2020. Despite a difficult economic and social climate,...
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Cameroon obtains additional funding of 28 Billion FCFA

A presidential decree signed on January 7, 2024 authorizes the signing of a financing contract with the European Investment Bank (EIB) to supplement the resources needed for the Rural Electrification...
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Custom Administration in Cameroon targets 95 Billion FCFA in 2025

In January 2025, the General Directorate of Customs (DGD) aims to mobilize 95 billion FCFA, or 8.31% of its annual target of 1,144 billion FCFA. The strategic sectors of Douala...
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Prime Minister opens Youpwe Fish Market and Landing Stage

Surrounded by all the notables, economic and political elites of the Western region, the Prime Minister proceeded with the official opening of this infrastructure intended for the development of economic...
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Cameroon secures 400 thousand hectares of land to promote Import-Substitution

To address Cameroon’s high food dependence on imports, the government has launched a vast land security project covering 400,000 hectares on the Yoko-Lena-Tibati corridor. The aim is to stimulate local...
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SONARA plans to construct a Hydrocracking Unit in its Rehabilitation plan

The SONARA rehabilitation project, which was severely affected by the 2019 fire, is entering a new phase. The Cameroonian government, with the support of the IMF, is examining the feasibility...
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CEMAC Meet in Emergency Conclave to address Urgent Challenges

The heads of state of the Economic and Monetary Community of Central Africa (CEMAC) are meeting on Monday in Yaoundé for better coordination in the face of worrying warning signals...
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Douala – Bangui Corridor resumes business after Crisis talks

After several weeks of blockage, the Douala-Bangui corridor is back to life thanks to fruitful negotiations between Cameroon and the Central African Republic. Joint action by the authorities of the...
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Fuel price hikes feared as Cameroon drops Subsidy by 248 Billion FCFA in 2025

According to the draft law n°2074/PJL/AN relating to the finance law of the Republic of Cameroon for the financial year 2025, the fuel subsidy will be set at only 15...
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Cameroon tables estimated 2025 State Budget of 7317 Billion FCFA to Parliament

The Cameroonian government has submitted to Parliament its draft budget for 2025, estimated at 7,317.7 billion CFA francs, a slight increase compared to 2024. This envelope places emphasis on public...
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Cameroon home production of Palm Oil declines as Imports soar

Despite colossal investments and jobs generated, the oilseed sector in Cameroon remains under pressure. With a structural deficit of 160,000 tonnes of crude palm oil and increasing imports, the challenges...
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Nachtigal – Wouro Soua Electricity line to connect Cameroon and Chad

The future high-voltage transmission line between the Nachtigal dam and Wouro Soua, carried by revolutionary carbon-based conductors, is part of the Cameroon-Chad Electricity Grid Interconnection Project (Pirect). This colossal project,...
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Nachtigal Dam enters 4th stage Functionality

On November 18, 2024, Nachtigal Hydro Power Company (NHPC) announced the commissioning of the fourth group of the Nachtigal hydroelectric development. This milestone brings the power produced to 240 MW,...
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BGFI Bank Cameroon prepares to unveil Ultra-Modern Head office

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...
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