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  • China remained Cameroon's leading supplier in 2022, despite minor market share dip February 23, 2024
    The National Institute of Statistics recently issued a statement, providing data on Cameroon’s trade exchanges in 2022. According to the document, Cameroon imported goods worth CFA775.8 billion FCFA from China over the period, representing 15.8% of its total imports. Even though China maintained its leading position, it did lose a bit of its market share, […]
  • Cameroon's LNG earnings soar by 148.8% in 2022 (INS) February 23, 2024
    Cameroon experienced a "spectacular" surge in revenues from liquefied natural gas (LNG) exports in 2022, data from the national stats agency INS showed. According to the newly released external trade report, LNG exports witnessed a sharp growth of 148.8%, generating CFA631.5 billion in revenues over the period, up from CFA253.8 billion the previous year. This […]
  • Cameroon: President increases family allowances and public sector salaries February 22, 2024
    Cameroon’s President Paul Biya signed two decrees yesterday approving the increase in both family allowances and the salaries of public sector employees. The fist decree concerns family allowances provided by the National Social Insurance Fund and the Ministry of Finance, which the President raised to CFA4500 monthly per dependent child. This adjustment represents a more […]
  • Cameroon embarks on major road maintenance project for 2024 February 22, 2024
    Emmanuel Nganou Djoumessi, Cameroon's Minister of Public Works, announced on February 19, 2024, the launch of a selective national tender only open to A, B, and C categorized companies within the road sector. The move is aiming at the comfort maintenance of several key paved roads across the national network. The targeted routes include Bas […]
  • Banki market inauguration marks new era in Nigeria-Cameroon border trade February 22, 2024
    The international market in the Nigerian town of Banki, located near Amchidé in Cameroon's Far North region, was officially opened on February 14, 2024. The ceremony was attended by the governor of Nigeria's Borno State and the governor of the Far North region of Cameroon, Midjiyawa Bakary. This new development is a sign of the […]
  • The Netherlands overtakes China as Cameroon's leading export market in 2022 February 21, 2024
    In 2022, five countries dominated Cameroon's export market, capturing 62% of the country's total exports, according to a report by the National Institute of Statistics (INS) published this February 2024. The leading buyers include the Netherlands, India, France, Spain, and Italy, purchasing goods worth a collective CFA2,276.9 billion out of Cameroon's total export value of […]
  • Eneo Seeks CFA18bn from govt to tackle power cuts February 21, 2024
    Cameroon’s power company Eneo says it needs CFA18 billion from the government to prevent power outages across the country. Following a directive from the Minister of Water and Energy on February 9, 2024, which pointed out the potential for social unrest due to ongoing power shortages, Eneo has activated its thermal power plants. However, in […]
  • Morocco's Cimaf to triple cement production in Cameroon by March 2024 February 21, 2024
    Ciments de l’Afrique (Cimaf), a local subsidiary of Moroccan group Omnium des industries et de la promotion (OIP), has announced that its new production line, initially slated for launch in the last quarter of 2023, is now expected to begin operations by the end of March 2024. This expansion will enable the Moroccan firm to […]
  • Cameroon targets CFA200bn with 8th Bond issue February 16, 2024
    The Government of Cameroon is gearing up to launch its eighth bond issue in April 2024, aiming to raise CFA200 billion through the Central African Securities Exchange (Bvmac). This announcement was made by the Minister of Finance, Louis Paul Motazé, at the ceremony to present the State's financing plan for fiscal year 2024, held on […]
  • Business in Cameroon gets recognition from Finance Ministry February 16, 2024
    Business in Cameroon wins Best Online Economic Press Award for 2023. The prestigious award was presented by the Cameroonian Ministry of Finance during the financing plan announcement ceremony for FY2024, held on February 15, 2024. The event was graced by the presence of the Finance Minister, Louis Paul Motaze. The award ceremony was a part […]
  • Cameroon plans CFA14bn for extensive road upgrades and maintenance in 2024 February 16, 2024
    The Cameroonian Ministry of Public Works (Mintp) announced the disbursement of CFA14 billion to develop and maintain 1,319 km of road in 2024. The resources will be managed by decentralized territorial collectivities (CTDs), we learned. According to detailed plans disclosed by the ministry, regional councils will be allocated CFA2 billion, with each of the country's […]
  • Food prices stay high in Cameroon despite slight decline in headline Inflation February 16, 2024
    Consumer price increase for 2023 averaged 11.1% in Cameroon, marking a "slight" slowdown from the previous year's 12.9%. According to the national statistics agency, which reported the figures, this price level remains high and was mainly driven by significant price increases in vegetables, bread and cereals, fruits, as well as fish and seafood. In its […]