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Public structures in Cameroon witness significant cuts following slashing of State budget

This drop in revenue is due to the drop in tax revenue (-587.353) driven by "Value-added taxes and turnover" (-298,017), "Taxes on specific products and excise duties "(-69,022)," Import duties...
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93% of Enterprises and Households affected by Coronavirus shocks in Cameroon

The survey reveals that: "93% of business owners admit that the activities of their production units have been negatively impacted. Among these companies, 14% of the informal sector and 18%...
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IMF predicts -1.2% economic growth rate for Cameroon in 2020

“GDP growth is expected to fall sharply to -1.2%, about 5 points lower than the pre-pandemic projection. The pandemic has resulted in a substantial deterioration of the global economic environment,...
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Covid 19 forces Paul Biya to review Cameroon’s 2020 state budget

"This fund is funded to the tune of FCfa 180 billion in the second half of 2020. The expenses borne by the said fund must contribute to the achievement of...
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About 90.000 tonnes of palm oil to be imported in Cameroon this year, as CS ALID SARL unveils plans to increase local production

Though affected by the Coronavirus crisis, producers of refined vegetable oils and soap in Cameroon are  already  preparing for the post-health crisis. The operators will import 90,000 tonnes of crude...
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CEMAC foreign reserves generated 13 billion FCFA interest in 2019

This represents an increase of 35% compared to those generated at the end of 2018 (9.5 billion FCFA). The reserves of the countries of the Economic and Monetary Community of...
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Seven countries grant Cameroon suspension of debt servicing

Seven member countries of the Paris Club have granted Cameroon the right to suspend debt servicing for the period between May 1, 2020 to December 31, 2020. Germany, Belgium, Spain,...
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Douala – Bangui corridor regains steam after Covid-19 imposed recess

Freight traffic has resumed along the road which connects Cameroon to the Central African Republic. Last week, Cameroonian truck drivers stopped work after several of them, affected by Covid-19, were...
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Cameroon eases restrictive measures, steps up support mechanisms to ease Economic shocks of Coronavirus

Transportation, hotels and restaurants, and commerce are the sectors that the government says have been most affected by the coronavirus pandemic. This is the result of a study carried out...
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Gabonese Government launches project to check food imports from Cameroon

In Meyo Kye and Eboro, two localities bordering Cameroon, a food product transfer dock and a standing cattle processing area will be built. The construction work, which is expected to...
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Cameroon unveils 2020-2022 Debt plan

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...
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Cameroon Electronic payment switch goes operational

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...
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Cameroon plans 220 billion FCFA fund raising operation in April to finance priority projects

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...
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Cameroon maintains Trade with CEMAC neighbours despite anti Covid-19 Measures

Cameroon has decided to maintain trade with Chad and the Central African Republic despite taking measures to contain the spread of the coronavirus. This follows a readjustments of the anti...
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