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Fuel price hikes feared as Cameroon drops Subsidy by 248 Billion FCFA in 2025

December 3, 2024By
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

December 2, 2024By
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

November 30, 2024By
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

November 28, 2024By
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

November 25, 2024By
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

November 22, 2024By
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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Cameroon tables Bill on Local Taxation

November 22, 2024By
Submitted to the National Assembly on November 13, 2024, the bill on local taxation proposes to eliminate certain municipal taxes and introduce major reforms to optimize the resources of decentralized...
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Cameroon plans to become the Wheat giant in Central Africa

November 19, 2024By
Cameroon is on its way to becoming a central player in wheat production within the Economic and Monetary Community of Central Africa (CEMAC). This approach is part of a large-scale...
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Norwegian Fund Norfund to finance Green Economy Projects in Cameroon

November 16, 2024By
Norwegian investment fund Norfund is showing growing interest in Cameroon to finance projects focused on the green economy. In its desire to strengthen its presence in Central Africa, Norfund is...
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Cameroon finds local solutions to high cost of Road Construction

November 6, 2024By
The Ministry of Public Works of Cameroon is increasing the number of meetings to identify solutions to reduce the costs of road construction and maintenance. The most recent, on November...
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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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