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Personal Income Tax fetches 15 billion FCFA for Cameroon in 2024

Despite a high rate of adoption of the digital platform for filing personal income tax (IRPP), tax revenue remains below forecasts. Finance Minister Louis Paul Motaze presented a mixed initial...
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Over 300 Billion FCFA needed to finance Development projects

The Minister of Finance, Louis Paul Motaze, accompanied by the Minister Delegate to the Minister of Economy, Planning and Regional Development, Paul Tazong, was in Douala on February 13, 2025...
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Finance Minister outlines Priorities at State Budget Launch in Buea

The Minister of Finance, Louis Paul Motaze, chaired the official launch of the State budget for the 2025 financial year in Buea on January 15, 2025. Under the banner of...
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Cameroon Digitalizes Sales of Fiscal stamps

Starting November 15, Cameroonian citizens will be able to purchase their tax stamps via a digital platform. An innovative reform that promises to secure tax revenues, simplify administrative procedures and...
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Cameroon vows to curb down Inflation by 2027

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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Pension Fraud cost Cameroon 3.1 Billion FCFA in losses

Driven by fraud, the State of Cameroon lost 3.1 billion CFA francs per year over the period 2010-2021, indicate the results of a tripartite audit conducted by the Minfi, the...
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Cameroon mobilizes 355 Billion FCFA for Internal Debt Settlement and funding of Projects

In a press release made public on July 31, 2024, Louis Paul Motaze set the national opinion on the direction that will be given to the 550 million USD, or...
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IMF Approves 72 Billion FCFA for Cameroon after 6th Economic Review

The International Monetary Fund IMF Has approved, on the one hand, the 6th review of Cameroon ‘s Economic and Financial Program 2021-2024 supported by the Extended Credit Facility (ECF) and the Extended Credit...
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Cameroon Domestic debt repayment falls by 32%

These amounts showed a downward trend between the first quarters of 2023 and 2024 according to the Long and Medium Term Economic and Budgetary Programming Document 2025-2027 published by the...
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Cameroon Reviews 2024 State budget by 7.9% Increase

Cameroon’s state budget has increased by 538 billion FCFA (about 880 million U.S. dollars), we learned Thursday from an order signed by the president of the Paul Biya Republic. The...
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Quarterly borrowing rate – Cameroon reached the mark of 101.3% in 3 months

In detail, between January and March 2024, four financing agreements valued at 240.7 billion FCFA were signed by the Cameroonian authorities. Of the total amount borrowed during the indicated period,...
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Cameroon’s Finance Minister extends Tax payment date

This postponement comes two months after the MINFI postponed by 15 days, the deadlines for payment of taxes for the 1st quarter of 2021. “Legally fixed for the 15th of...
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Cameroon in search of 350 billion FCFA from Investors to finance part of its 2021 Budget

The Minister took the opportunity to reveal to investors the budget financing program. He is counting on the feasibility of the project and especially the good health of the money...
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Cameroon Government launches 2021 Budget Execution

The 2021 budget is being carried out in a context marked by the health crisis linked to Covid-19 but also the security crises in the Far North, North West and...
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