Finance Actus
- Cameroon hosts 62% of Mobile Money accounts in CEMAC October 15, 2025Cameroon consolidated its leadership in the Central African Economic and Monetary Community (CEMAC) Mobile Money market in 2023, accounting for 62.11% of all accounts across the six member states, according to the Bank of Central African States (BEAC). Out of 40 million Mobile Money accounts in CEMAC—up from 37 million in 2022—Cameroon alone recorded 24.86 […]
- French Group Wagas Plans to Build 1.5 Million Homes in Cameroon by 2035 October 15, 2025Wagas Group signed an MoU with Cameroon’s government to build 1.5 million homes by 2035. The project will rely on green bonds and sustainable financing mechanisms — a first in the Cemac region. A pilot phase in Ebolowa will begin with 30,000 to 50,000 homes on 24,000 hectares. French infrastructure group Wagas plans to build […]
- Cameroon Refines Fiscal Strategy to Capture More Mining Revenue October 15, 2025Cameroon’s Customs Directorate launched consultations to design a new tax and monitoring framework for iron ore and bauxite exports. The upcoming 2026 Finance Law will introduce specific fiscal rates for iron, bauxite, and crude oil exports. The strategy aims to secure export revenues and promote local mineral processing to reduce dependence on oil income. Cameroon’s […]
- Cameroon’s long-term bank lending remains limited despite rising volumes October 15, 2025During the first half of 2025, banks operating in Cameroon issued an average of CFA223.6 billion in long-term loans each month, according to data from the Bank of Central African States (BEAC). The highest volume was recorded in May 2025 at CFA232.2 billion, while the lowest was in January at CFA216.9 billion. The BEAC’s latest […]
- CEMAC Government Debt Rises 31% as Borrowing Costs Increase October 14, 2025The outstanding stock of government securities issued by CEMAC countries reached 9,086.6 billion CFA francs on the regional market managed by the Bank of Central African States (BEAC) at end-July 2025, up 31.1% year on year. According to the Settlement and Securities Custody Unit (CRCT), the rise came as borrowing costs increased across all government […]
- Cameroon Cacao, Coffee Boards Ink Deal to Meet EU Deforestation Rules October 14, 2025Omer Maledy, Executive Secretary of Cameroon’s Interprofessional Cocoa and Coffee Council (CICC), and Fabris Ekeu, General Manager of GS1 Cameroon, signed a memorandum of understanding (MoU) on Oct. 9, 2025, to enhance traceability in the country’s cocoa and coffee sectors. GS1 is the global standards organization behind barcodes. The agreement seeks to speed up Cameroon’s […]
- Cameroon Seeks Firm to Renovate Hilton Yaoundé Before Planned IPO October 14, 2025Cameroon Hotels Corporation (CHC) S.A., the state-owned operator of the Hilton Hotel Yaoundé, has issued an international request for expressions of interest to shortlist a technical consulting firm that will provide owner’s representative services for the full renovation of the hotel and its adjoining shopping center. The extensive project, covering the hotel inaugurated in 1989, […]
- CEMAC Bank Lending Surges 11.3% in Q2 2025, Driven by Industry and Services October 13, 2025Credit extended by commercial banks in the Economic and Monetary Community of Central Africa (CEMAC) surged to 12,810.6 billion XAF in the second quarter of 2025. This figure represents an 11.3% increase from the preceding quarter, according to the Bank of Central African States (BEAC). The central bank attributed the rise to stronger bank lending […]
- Cameroon’s Chamber of Commerce Urges Chocolatiers to Join Paris Chocolate Fair October 13, 2025Cameroon’s Chamber of Commerce, Industry, Mines and Crafts (CCIMA) is urging the country’s chocolatiers to take part in the 30th edition of the Salon du Chocolat in Paris, scheduled for October 30 to November 3, 2025. In an official statement, the CCIMA called on all cocoa and chocolate sector players to register early for this […]
- Chad Tops Cameroon’s Informal Livestock Trade in 2024 October 13, 2025In 2024, informal livestock exports from Chad to Cameroon continued to grow. According to the National Institute of Statistics (INS) report on Cameroon’s informal trade, these unrecorded transactions rose by 20.3% year on year, “consolidating Chad’s position as the main livestock supplier.” Due to the porous border between the two countries, particularly in the Far […]
- Local Initiatives Announced to Cut 178 billion F Wheat Import Bill, Foreign Dependence by 2028 October 13, 2025Cameroon is intensifying efforts to reduce its FCFA 178 billion annual wheat import bill by promoting the use of local flours in bakeries and pastry production. The Support Service for Local Development Initiatives (SAILD) and the Citizen Association for the Defence of Collective Interests (ACDIC) officially launched a project titled “Strengthening Artisanal Bakeries Incorporating Local […]
- Cameroon's Best Hope Lies in Its New Wave of Entrepreneurs, Veteran CEO Says October 13, 2025Former Brasseries du Cameroun CEO André Siaka has witnessed the evolution of the private sector during a pivotal time in its history. Now, he focuses on mentoring young entrepreneurs and supporting emerging private initiatives. This career path, transitioning from managing a local multinational to guiding the next generation, gives him a broad perspective on economic […]