Cameroon’s government cannot ramp up public investment due to ballooning security, social, and operating costs, the Ministry of Finance has revealed. According to the 2026-2028 Medium-Term Economic and Budgetary Programming Document, Cameroon continues to miss its goal of allocating at least 30% of its budget to public investment. The Finance Ministry presented this document during […]
The Bank of Central African States (BEAC) has canceled its 2022 recruitment exam for 45 senior officer posts after an audit uncovered serious irregularities. The ministerial committee of the Central African Monetary Union (UMAC) announced the decision on July 12, 2025, in Malabo, Equatorial Guinea. The move follows findings from a RSM France audit that […]
Local commercial banks in Cameroon are frequently criticized for providing minimal financing to small and medium-sized enterprises (SMEs). This criticism persists even as these financial institutions regularly announce strong financial performance, often reporting record profits. For example, BGFI Bank’s Cameroon subsidiary reported an 11 billion CFA francs net profit for 2024, a 9% increase from […]
Cameroon Water Utilities (Camwater) has announced the companies pre-qualified to construct ultrafiltration and bottled water production lines. In a statement released July 11, 2025, Camwater Director General Blaise Moussa revealed that seven companies were selected after reviewing bids from an international call for expressions of interest issued April 30, 2025. The selected companies are Batratel, […]
Seven months after signing a 12-year public-private partnership (PPP) with the Autonomous Port of Douala (PAD), the French company Negri launched construction of Quay 17 on July 11, 2025. Transport Minister Ernest Massena Ngalle Bibehe laid the first stone, marking the start of the project. Negri plans to build 250 meters of new quay, develop […]
Royal Holding, Mamoni Finance, and Savana Islamic Finance have signed an agreement to lease 150 electric motorcycles, supplied by an Indian distributor. The partnership with Savana Islamic Finance ensures interest-free financing, aligning with Islamic finance principles based on risk-sharing. The motorcycles, intended for use as ride-hailing taxis, will be deployed in Douala. Users can access […]
Cameroon’s government is finalizing a bill to revise its 2013 law on investment incentives for the second time since 2017. The draft legislation offers private investors tax and customs exemptions ranging from five to 10 years, depending on the implementation phase of their investment projects. These tax breaks apply to both the startup and production […]
Cameroon’s presidency approved a memorandum of understanding with Turkish company Yenigün Construction to build the deep-water port of Limbé under a Build-Operate-Transfer (BOT) model. Ferdinand Ngoh Ngoh, Minister of State and Secretary-General of the Presidency, informed the Transport Minister of the presidential green light in a letter dated July 7. Yenigün will raise financing, construct […]
The Bank of Central African States (BEAC) reports a modest slowdown in inflation across the CEMAC zone during the first quarter of 2025. The inflation rate dropped to 3.1% in March, down from 3.8% in March 2024. Although inflation remains above the 3% community convergence target, this signals early signs of stabilization. BEAC’s July 9 […]
The Cameroonian government plans to raise 450 billion CFA fracs in non-tax revenues by 2028, a 50% increase from the 300 billion CFA francs collected in 2024. This projection comes from the 2026-2028 Economic and Budgetary Programming Document, prepared by the Ministry of Finance. This target represents 75% of the estimated non-tax revenue potential, which […]
Cameroon officially launched its National Artificial Intelligence Strategy, known as SNIA, on July 7 in Yaoundé. Unveiled by Minister of Posts and Telecommunications Minette Libom Li Likeng, the strategy aims to position Cameroon as a leading hub for artificial intelligence in Africa by developing sovereign, inclusive, and sustainable solutions grounded in African values. To reach […]
The Republic of Congo has launched a CFA70 billion fundraising operation on the public securities market of the Bank of Central African States (BEAC), enlisting the support of eight Cameroonian banks designated as Treasury Securities Specialists (SVTs). The participating banks include Afriland First Bank, Commercial Bank Cameroon (CBC), United Bank for Africa (UBA), Ecobank, Société […]
