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cameroon

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Unpaid Public Treasury Bills exceed 500 million FCFA

November 4, 2024By
As of September 30, 2024, Cameroon’s outstanding balances (RAP) have reached an alarming level of 559 billion FCFA, representing 1.6% of GDP. Despite a loan contracted from Citi Group, the...
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FEICOM Mobilizes over 290 Billion FCFA in 2023

November 1, 2024By
The Special Council Support Fund (Feicom) recorded an impressive balance sheet for the year 2023, with revenues reaching 293.4 billion FCFA. This figure marks a significant increase of 57.5 billion...
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SONAMINES secures 420kg of Gold to the Cameroonian Treasury

October 30, 2024By
The National Mining Company of Cameroon (Sonamines) marks a step forward in the management of mineral resources by transferring 420 kg of gold to the public treasury. This transfer, corresponding...
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Cameroon vows to curb down Inflation by 2027

October 28, 2024By
The Cameroonian government is planning a gradual decline in inflation to reach the community threshold of the Central African Economic and Monetary Community (CEMAC) by 2026-2027. Although inflation has climbed...
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Kribi Container Terminal to invest 70 Billion FCFA in Expansion Programme

October 25, 2024By
Kribi Conteneurs Terminal (KCT), manager of the Kribi Port Container Terminal, is continuing its expansion with a colossal investment of 70 billion FCFA for the acquisition of new equipment and...
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CAMTEL pays 4.6 Billion FCFA to the State in 2023

October 21, 2024By
Cameroonian telecommunications operator, Camtel, posted a record net profit of 11.1 billion FCFA in 2023, marking a turning point in its history with a dividend payment to the State, despite...
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Islamic Development Bank to provide First disbursement of Funds for Cameroon – Chad Electricity Interconnection

October 18, 2024By
The Islamic Development Bank (IDB) has planned a first disbursement for the Cameroon-Chad Electricity Grid Interconnection Project (Pirect) before the end of 2024, as part of a total financing of...
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SNH pressures Special Criminal Court to open Probe against Corrupt Oil Barons as Glencore case adjourned to 2027

October 12, 2024By
The Managing Director of the National Hydrocarbons Company (SNH), Adolphe Moudiki, reiterated his impatience to see the judges of the Special Criminal Court (TCS) finally open the investigation in Cameroon,...
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CEMAC Aviation Ministers push for a Harmonized Air Sector Regulation

October 8, 2024By
Meeting on October 4, 2024 in Douala the Assa-ac Council of Ministers once again focused on the operationalization of its 2025 vision, the objective of which is to make CEMAC , ”  an integrated...
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Second phase of Yaounde – Douala Motorway underway

October 5, 2024By
The official ceremony to launch the works of the second phase of the Yaounde-Douala motorway took place yesterday. It was during a ceremony chaired by the Minister of Public Works Emmanuel Nganou...
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SONATREL to guarantee Electricity Transmission of Nachtigal Dam

September 26, 2024By
For the populations to benefit from the energy available in Nachtigal it had to be transported. A contract for access to the electricity transmission network was signed between the producer...
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Cameroon begins negotiation for exploration of Iron Ore in Ngovayang, Ntem, Djoum III

September 24, 2024By
Cameroon has significant mineral resources that are very little exploited. This is the case, for example, of the iron ore deposits of Ngovayang, Ntem and Djoum III in the South region and the...
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African Development Bank to finance more Road projects in Cameroon

September 20, 2024By
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...
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Cameroon records drop in Oil and Gas revenue

September 20, 2024By
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...
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