The Cameroonian Minister of Finance, Alamine Ousmane Mey, has published the list of 412 approved microfinance establishments, who are authorized to carry out their activities in Cameroon during 2017.
Cameroon is optimistic that its economy will grow to 6 per cent in 2017 despite an introduction of new taxes meant to compensate for dwindling government revenue mostly from oil.
The entry of insurance company Assurance du Cameroun Vie, in short ACAM Vie has shaken the industry while promising better days for individuals and companies.
Eneo, owned by the British investment fund Actis and concessionaire of the public electricity service in Cameroon, has launched a call for expression of interest to recruit a partner who will develop two solar power plants in the northern area of the country. According to Eneo, the selected partner will have the status of independent electricity producer
Cameroon has opened two centers of excellence in two southern towns as it seeks to inculcate professionalism in youth and harness the power of job seekers to come up with solutions that can empower them and end joblessness among the growing young population and a deficit in unemployment.
Financia Capital, a financial firm founded by Cameroonian Serge Yanic Nana; Attijari Securities Central Africa, an asset management company created in Cameroon by the Moroccan banking group Attijariwafa
The African Export-Import Bank has announced the appointment of Rene Awambeng, formerly of Ecobank Transnational Inc., as Director, Client Relations (Headquarters and Branches).
Cameroon has overtaken Côte d’Ivoire to become the largest producer of bananas in Africa-Caribbean-Pacific (ACP) zone, with a record production of 278,450 tonnes in 2015, the Head of the European Union delegation in Cameroon, Françoise Collet has said.
MTN Cameroon announces the signature of an Accordion (Tranche C) of a Syndicated Medium Term loan of XAF 60 billion FCFA at the company’s Headquarters in Douala, Littoral Region.
Illicit trafficking of diamonds from the Central African Republic (CAR) into neighbouring Cameroon continues to partially finance an almost three-year conflict, a new report has shown.
Orange Group has renewed an agreement for satellite solutions with Intelsat S.A. in Cameroon.
International ratings agency, Fitch has affirmed Cameroon’s long term foreign and local currency issuer default ratings (IDRs) at ‘B’ with a Stable Outlook.
The MTN Foundation, first corporate foundation created in Cameroon announces the renewal of its partnership agreement with ASCOVIME (Association of Talents for Better Life) which seeks to reinforce medical assistance provided to the underprivileged.
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption.
Commercial exchanges between Cameroon and Morocco have risen to a record $98 million this year in what is being attributed to cordial relations between the two countries according to statistics from the Chamber of Commerce, Industries, Mine and Arts (CCIMA) of Cameroon.
[Cameroon] Government supports eight local companies with eye on private investment and job creation
The government of Cameroon has signed agreements with eight local companies giving them access to the advantages provided in the 2013 Act on promoting private investment in Cameroon, granting the beneficiaries different exemptions over a period of 5 to 10 years.
The Agence de promotion des PME (APME - SME Promotion Agency) in Cameroon and the local branch of mobile operator MTN International, have signed an agreement to support 20,000 Cameroonian SMEs in getting connected to ICT.
MTN Cameroon, leader of telecommunications in Cameroon, announces the signing of a partnership agreement with the Small and Medium Enterprises Promotion Agency (APME), on Friday, 11 November 2016 in Yaounde.
Remittance service WorldRemit is set to accelerate adoption of digital money transfers to Cameroon, after completing a series of strategic deals with local partners.
Victoria Oil and Gas PL has spudded two development wells at its Logbaba gas field in Cameroon.
The World Bank Board of Executive Directors approved an International Bank for Reconstruction and Development (IBRD) loan of $192 million to complement Cameroon’s ongoing and planned transport investments.
MTN Cameroon has partnered with the University of Ngaoundere in what will see students at the university access MTN services.
Vehicle tracking and fleet management company Ctrack, a subsidiary of Novatel Wireless has partnered with Cameroon National Taxi Union to provide vehicle tracking and driver behavior monitoring to the taxi industry in the Republic of Cameroon.
Cameroon will, in a year’s time, start assembling cars with a target of the Central Africa and African market following government’s investment in assembling plant.
Global wellness company Nestle, through its Cameroon subsidiary is planning to launch the extension works of its production plant in Douala, in the economic capital of the country. The investment, worth a total of $16 million will make available to the food industry the benefits provided by the 2013 law on promoting private investment in the Republic of Cameroon.
Vodafone and Afrimax Group – a 4G-LTE telecommunications operator in sub-Saharan Africa - today jointly announced a new non-equity Partner Market agreement for Cameroon.
WorldRemit, a British firm operating in the new technologies sector, has announced the signing with Banque Atlantique group, a partnership to enable its clients to instantly transfer money to Cameroon.
MTN Cameroon, leader of the telecommunications sector in Cameroon announces the extension of its 4G LTE network to the cities of Bafoussam in the West Region, Limbe and Kumba in the South West Region of the country.
Agro-Hub, an organization from Cameroon that helps small scale farmers gain access to sustainable markets for their cassava is the winner of the overall winner of $307,000 2016 Nestlé’s Creating Shared Value Prize.
MTN Cameroon, leader of the telecommunications sector in Cameroon announces the launch of its “MTN Young Graduate Programme’’ which targets young, brilliant and ambitious University and Higher Professional School graduates with strong potential, and who are highly motivated to work in Cameroon and contribute to the sustainable development of the country.
MTN, telecommunications leader in Cameroon, announces a vast campaign to renew the identification of its subscriber-base. The campaign which will run till June 2016, seeks to confirm the identity of MTN subscribers and identify those who have not yet complied with the registration process.
The Cameroonian subsidiary of the South African operator of Mobile Telecommunications Networks (MTN) has announced a drop in its 2015 operating turnovers by 4.6 per cent, compared to the year before, when it had made sales worth CFA 241.1 billion.
On 2nd March, Nestlé Cameroon supported the graduation ceremony of the Efficient Nutrition Education ACTiOn (ENACT) programme at the University of Dschang.
[Cameroon] MTN Foundation reinforces the mobile and digital library of the “Cercle de Lecture et d’Animation Culturelle”
MTN Foundation, first corporate foundation created in Cameroon, this Thursday, 25 February 2016 in Yaounde, handed over a significant stock of equipment to the Cercle de Lecture et d’Animation Culturelle (CLAC), as support of the “STREET CLAC” project.
Minerva Bunkers, a global supplier and trader of marine fuels, confirmed the launch of a physical fuel supply operation in West Africa, which covers the offshore waters of the Guinea Gulf countries: Ivory Coast, Ghana,Togo, Benin, Nigeria, Cameroon, Equatorial Guinea, and Gabon.
Arik Air, West and Central Africa’s largest airline, has increased frequency on the Lagos to Douala via Cotonou route from four to six weekly flights.
MTN Group has announced that MTN Cameroon will receive US$100 000 to invest in community projects, as recognition of the outstanding and selfless work of employees in that country, during the Group’s annual employee volunteer programme.
Retail chain SPAR International has announced plans to grow its footprint in Africa after launching its first store in Cameroon, one week after opening a supermarket in Lilongwe, the capital of Malawi.
Eric Lauer is a driven entrepreneur seeking to transform employment situation in Africa. His interview with Africa Business Communities takes us through the journey that birthed Everjobs.
MTN Cameroon signed, on Wednesday 16 September 2015, a partnership agreement with the Ministry of Public Health authorizing the telecommunications company to provide the public with a health assistance platform dubbed MTN Health.
Pablo Sánchez is MD of SANBEX, a Spanish firm involved in the development of business opportunities in the African and Latin American markets. His interview with Africa Business Communities:
Centurion Law Group is continuing its pan-African expansion with the opening of an office in Cameroon this month. The group will set up operations in Douala, Cameroon’s largest city and the wealthiest business hub in Central Africa.
Huawei Marine Networks Co. Ltd. (Huawei Marine), a global submarine network provider, today announced that it has completed marine installation of the Nigeria-Cameroon Submarine Cable System (NCSCS) and achieved a major step towards system ready for service in Q4 2015.
As part of efforts to deepen internet penetration in West Africa, MainOne has announced the extension of its world-class submarine fiber optic cable network from its Cable Landing Station in Lagos, Nigeria to Kribi, Cameroun.
Huawei Marine Networks has revealed that it has commenced marine installation of the Nigeria-Cameroon Submarine Cable System (NCSCS). According to Huawei Marine Networks , this is Cameroon’s first wholly owned submarine cable with investment provided by the Cameroon government.
A recent evaluation conducted by the Independent Development Evaluation (IDEV) department of the African Development Bank (AfDB) has revealed that the Bank’s substantial investment in road infrastructure in Cameroon from 2004 to 2013 resulted in time savings and a 40-percent drop in transportation costs.
IFC has signed an agreement with Afriland First Bank Cameroon (“Afriland”), to enable it to expand its trade finance operations and extend more services to small and medium enterprises and corporate clients in Cameroon
MTN Cameroon announces the launching of an applications development competition dubbed MTN Innovation Challenge. To this effect, an official ceremony took place last 16 July 2015 in Douala.
MTN rounded off its annual 21 Days of Y’ello Care employee volunteer programme this past weekend, which saw employees from Afghanistan to South Africa, give back to their communities, under the theme of “Investing in Education for All”.
Seeking to ensure regional customer sales and services excellence for its growing gas engine technology portfolio in sub-Saharan Africa, GE’s Distributed Power business announced it has signed an agreement in Cameroon with U.K.-based Clarke Energy to serve as GE’s authorized distributor of Jenbacher gas engines.
MTN Cameroon, leader of the Cameroonian telecommunications market announces that it signed a syndicated term loan and revolving credit facility for the sum of 60 billion FCFA on 08 June 2015.
Sharon Dipita is CEO of DIPMAN, a communications and marketing agency in Cameroon. He also founded in 2013 the Cameroonian Youth Synergy, a participatory platform for the development of youth entrepreneurship. His interview with Africa Business Communities:
MTN Cameroon has announced the launch of its Scientific Labs programme, to promote the teaching of science subjects in secondary schools.
On Wednesday, 29th April 2015, Nestlé Cameroon hosted a delegation of traditional rulers at its Douala factory to mark the occasion of fifty years of Nestlé’s presence in Cameroon.
IFC has signed an agreement to provide a FCFA 2.5 billion risk sharing facility to Banque Internationale du Cameroun pour l’Épargne et le Crédit (BICEC), part of the French group BPCE, to support its lending activities to agricultural cooperatives active in the productions of cassava, maize and sorghum.
As a prelude to the World Water Day celebration, Nestlé Cameroon opens its doors to Regional Delegation of Water and Energy for the Littoral region in order to discuss the importance and preservation of water, and to share its commitment to ensure efficient waste water treatment.
MTN Cameroon, leader in the provision of communication solutions and mobile payment services in Cameroon announces that following a rigorous assessment, its Network Group and Customer Services were recently certified ISO 9001:2008 by SGS (Société Générale de Surveillance). Quality Management was audited on the basis of the following key principles: Customer Focus, Leadership, Involvement of People, Process Approach, Systems Approach, Continual Improvement, Factual Approach to decision-making and Mutual Beneficial Supplier Relations.
Laura Eboa Songue is a Cameroonian entrepreneur. She co-founded Afropolitan media FASHIZBLACK six years ago. Her experiences in business strategy, marketing, African pop culture and tech startups have culminated in her latest venture, A-listers.org.
Orange launches breakthrough all-inclusive digital offer to deliver mobile internet to millions more across Africa and the Middle East
Today, Orange puts the mobile internet within reach of millions more people, otherwise not previously addressed, with the launch of a new breakthrough digital offer across its significant African and Middle Eastern footprint. The Orange Klif digital offer starts from under US$40 (€35), inclusive of a smartphone, data, voice and text bundle, setting a new benchmark in price that will act as a major catalyst for smartphone and data adoption across the region.
The Chief Executive Officer of MTN CAMEROON, Mr. Karl O. TORIOLA, is pleased to announce the appointment of Mrs. Linda KOUAM KAMCHE to the position of Chief Marketing Officer (CMO) of MTN CAMEROON.
IFC, a member of the World Bank Group, today announced an advisory services agreement with Advans Cameroun to accelerate financial inclusion in Cameroon by expanding the range and reach of services available to underserved urban and rural populations.
Nestlé Cameroon launches the local packaging of Nescafé Classic 2g. The Nescafé Classic 2g sold in Cameroon will now be packaged locally at the Bonaberi factory. Cameroonian coffee will be used in the new product.
MTN Cameroon, leader of the Cameroonian telecommunications market in Cameroon, announces that it has been attributed a Gold accreditation by the prestigious British Institution, “Investors In People (IiP)”, in recognition of its excellent people management practices. This, following a rigorous assessment that ran from 19 to 30 January 2015.
After launching the MTN Freedom proposition in November 2014, MTN Cameroon, leader in the provision of communication solutions and mobile payment services in Cameroon announces the launch on 29 January 2015 of the new value offer to its subscribers. This new value proposition comprises 2 tariff plans which further democratize telephony communication in Cameroon and abroad, as well as enable MTN subscribers to make even longer calls at a very low rate.
Online money transfer service WorldRemit and telecoms operator MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers.
A total of ten young entrepreneurs in Cameroon are going into business this week thanks to collateral-free loans they won at the end of an entrepreneurship event that received the technical support of the Economic Commission for Africa.
AFDB: Central African Countries Commit to Move Forward On Se4all and Address Energy Access Challenge
The Economic Community for Central African States (ECCAS) and the Central African Economic and Monetary Community (CEMAC) with the support of the United ...