Bowleven, the Africa focused oil and gas exploration group announced that New Age, Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA).
Funds advised by Kasada Capital Management announced the first transaction made through the debut fund, Kasada Hospitality Fund LP, acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.
Victoria Oil & Gas announced its wholly owned subsidiary Gaz du Cameroun S.A. has received, as operator, approval from the Minister of Mines, Industry and Technological Development for the extension of the Matanda Block licence.
[Cameroon] PIDMA delivers technologies to farmer organizations for sustainable cassava and maize production
The IITA Cassava and Maize Breeding Units in Nigeria have developed multiple cassava and maize genotypes with improved yields, starch content, resistance/tolerance to major pests and diseases.
Société Générale and the European Investment Bank (EIB) confirmed agreement of a new joint initiative to support economic development across Cameroon.
Victoria Oil and Gas (VOG) announced that its wholly owned subsidiary Gaz du Cameroun S.A. and VOG have entered into a confidential Settlement Agreement with CHL, terminating the litigation with CHL and terminating the CHL Royalty Agreement.
dLocal, the cross-border payment platform connecting global merchants to emerging markets, has expanded its payments network to include Kenya, Senegal, Ghana, and Cameroon.
Africa focused oil and gas exploration group Bowleven announced that together with its joint venture (JV) partners, continue to make good progress on the Etinde development, offshore Cameroon.
Kribi Multipurpose Terminal (KMT), a Cameroonian subsidiary of International Container Terminal Services (ICTSI) has started commercial operations at the Multi-Purpose Terminal of the Port of Kribi in Cameroon.
The International Fund for Agricultural Development of the United Nations (IFAD) announced a $59.9 million investment to fund a six-year extension of the successful Commodity Value Chain Development Support Project (PADFA).
GreenTec has announced its investment in Freshbag, an innovative digital Cameroon platform that connects farmers and vendors to ensure a fair and reliable food supply network.
The Interministerial Committee on Railway Infrastructure, COMIFER, chaired by the Transport Minister, has noted the completion of the renovation work on 13 railway bridges.
International Container Terminal Services, Inc. (ICTSI) has signed the concession contract with the Port Autonome de Kribi for the development, operation and maintenance of the Kribi Multipurpose Terminal in Cameroon.
Universal Music Group (UMG), global music-based entertainment, has announced the further expansion of its Def Jam Africa division into three new markets within French-speaking Africa
Infinet Wireless, a provider of fixed broadband wireless connectivity, has opened a new regional office in Cameroon as the company expands its operations in one of the world’s fastest growing economic regions.
Ethiopian Airlines, Africa’s largest airline resumed its service to Duala and Yaoundé in Cameroon, with services being initially available three times a week on Tuesdays, Thursdays and Saturdays.
The World Bank approved $125 million International Development Association (IDA) credit to increase equitable access to quality general secondary education and to strengthen skills development programs particularly for girls in Cameroon.
Pan-African banking group Ecobank has appointed Mr Alain Nkontchou, a Cameroonian and Independent Non-Executive Director since 2015, as Board Chairman of its holding company, Ecobank Transnational Incorporated (ETI).
MTN Group has announced the appointment of new chief executive officers for two of its West African operations, MTN Cameroon and MTN Benin.
The World Bank approved two operations totaling $346 million in IDA financing to help strengthen resilience and livelihoods in the Lake Chad region, which is shared among Cameroon, Chad, Niger and Nigeria.
Education Cannot Wait (ECW) announces a $1.5 million allocation to support the education in emergency response to the COVID-19 pandemic in Cameroon.
The Cargill Cocoa & Chocolate 2018-2019 Sustainability Progress Report has highlighted how Cargill is using technology to connect every dot in the cocoa supply.
To further solidify its market-leading position, DHL Global Forwarding has made some key appointments to its leadership teams in Central and Southern Africa.
Convergence Partners announced that it has completed the 100 per cent acquisition of Vodacom Business Africa’s operations in Nigeria, Zambia and Cote d’Ivoire.
As part of ongoing efforts to combat child labor in the cocoa sector, Cargill is leveraging existing partnerships to extend the reach of its child labor monitoring and remediation mechanisms.
The African Development Bank has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.
Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
Cameroon government seeks $107 million financing from ITFC to bolster soybean and cotton seed processing
The government of Cameroon is seeking $106.9 millon financing from The International Islamic Trade Finance Corporation (ITFC) for acquisition of soybean and cotton seed for processing.
MTN Cameroon has announced the suspension of the payment of fees on money transfers between MTN Mobile Money accounts.
Olam Cocoa has introduced the first of its kind, child labour monitoring and remediation program to be rolled out in Cameroon as part of its global commitment to put children first by tackling child labour.
The Russian developer of office software "My Office" and the Cameroon's Ministry of Education have agreed to provide one million software licenses of My Office Education in schools.
Cameroonian cocoa farmers have seen healthy yields and an improvement in their income since they began planting a locally adapted seed variety developed in a laboratory in the capital Yaounde.
MusicTime®, the world’s first time based music streaming application has revealed its new corporate identity.
The African Development Bank and the multi-donor Fund for African Private Sector Assistance have joined the government of Cameroon to launch an initiative to bolster the deployment of electricity metering services in the country.
With 10 million subscribers being 49.5% market share and a turnover of nearly 219 billion FCFA, the leader of the Electronic Communications sector in Cameroon returns to growth in 2019, after four years of sharp decline.
Bowleven has confirmed the award of a contract to TechnipFMC to appoint them as lead FEED (Front End Engineering Design) contractor in respect of the proposed development of the offshore IM gas condensate field at Etinde, Cameroon.
Tower Resources has executed binding heads of terms in respect of a farm-out to OilLR Pty of a 24.5% working interest in its Thali Production Sharing Contract in Cameroon.
Cameroon’s North West region’s development authority, Mideno has officially launched a XAF750m approximately $1.25million, livestock and fisheries industry development project.
The African Development Bank reaffirmed its full support for the Lake Chad Basin Commission (LCBC), which brings together Cameroon, Niger, Nigeria and Chad, faced with the threat of the jihadist group Boko Haram.
MTN Cameroon has published the results of the Cameroonian edition of the MoMo Developer Hackathon Challenge 2019 competition that was launched in October 2019.
Clarke Energy, a Liverpool engineering company is helping African businesses reduce carbon emissions thanks to innovative hybrid engines.
Tower Resources, the AIM-listed oil and gas company with its focus on Africa has been awarded a one-year extension to the initial period of the exploration phase on the company’s Thali license offshore Cameroon.
MTN Cameroon, a key player in the telecommunications sector in Cameroon, has been awarded the GSMA Mobile Money certification.
MTN Cameroon has announced the end of the first phase of its MTN Youth Internship Programme
The new branch office being opened by the African Export-Import Bank (Afreximbank) in Yaounde will serve as the Bank’s gateway to the Central African region.
The African Export-Import Bank (Afreximbank) is in the process of identifying projects in the key sectors of Cameroon to assist the country to achieve a rapid transformation of the economy through trade.
Online retailer Jumia has exited the Tanzanian market, days after it closed shop in Cameroon over reducing fortunes that have negatively affected its profitability.
Talia Limited, a communications solutions provider has announced the successful completion of beta testing of its Ka-band High Throughput Satellites (HTS) services in additional African countries.
Intracom Telecom has announced the award by Wiicom for the supply of a network comprising, WiBAS™ Point-to-MultiPoint (PtMP), OmniBAS™ (PtP), and uniMS™ network management for Cameroon customers.
Following the attack of two vessels in the Gulf of Guinea last week, the International Transport Worker’ Federation called for urgent global and regional cooperation to fight piracy in the region.
The EIB has formally agreed to support membership expansion of the African Trade Insurance Agency with a concessional financing facility to cover the shareholding of three prospective members - Cameroon, Niger and Togo.
Three years of violence and instability in the North-West and South-West regions of Cameroon has left more than 855,000 children out of school, UNICEF warns.
Infinet Wireless has made a number of new implementation agreements across the African market, including a project with Camtel, the leading telecom operator in Cameroon, to modernize and expand broadband infrastructure across the country.
Andersen Global has signed a collaboration agreement with Muluh & Partners, a law firm based in Douala, Cameroon.
World Bank Country Director for Cameroon, has signed with Cameroon’s Minister of Economy, Planning and Regional Development a $200 million Development Policy Credit (DPC) which aims to strengthen fiscal sustainability.
It's the story of an orphan girl who broke a spoon. Her name is Minga and her adventure is narrated in an animated film; Cameroon's first ever, and now available on Yabadoo, MTN Cameroon's video-on-demand platform.
EXIM Board Of Directors approve preliminary commitments for U.S. exports to projects in Cameroon and Iraq
The Board of Directors of the Export-Import Bank of the United States (EXIM) approved two preliminary commitments of EXIM financing support for U.S. exports to pending projects in Cameroon and Iraq.
MTN has announced the launch of MTN Fusion, a new collaboration platform between MTN Cameroon and companies.
Egyptair has launched three flights every week will start operating on Sundays, Tuesdays and Thursdays each week to the city of Douala, Cameroon, via Ndjamena, Chad.
The United Nations Development Programme (UNDP) has launched the Regional Stabilization Facility for Lake Chad, a multi-million dollar fund to scale up the range of stabilization intervention in areas of Lake Chad Basin.
The African Development Bank (AfDB) Group signed an agreement with Cameroon to open its regional headquarters in the country’s capital, Yaoundé, reinforcing its goal to get closer to member states.
[Cameroon] WorldRemit introduces features that enable remittance receivers to manage their money on their phones
WorldRemit is introducing new app features to make it easier for remittance recipients in several countries, including Cameroon, to manage funds sent from overseas.
As Joule Africa enters the final stages in developing the Bumbuna II 143 MW hydropower project in Sierra Leone, DBSA has committed US$4.9 million to finance remaining project development activities.
An innovative cataract project funded through a development impact bond has celebrated a monumental first year, screening more than 50,000 patients and completing more than 2,300 cataract surgeries in Cameroon.
MTN Group has published its financial results for the first quarter of 2019 in Johannesburg, South Africa showing sustained growth in all segments, with 236.6 million subscribers as of March 31, 2019.
Acrow Bridge, an international bridge engineering company, has installed of the first of 44 bridges provided to the Government of Cameroon as part of Acrow’s financed Comprehensive Bridge Development Program.
TM Forum, the global not-for-profit association focused on digital transformation has announced that 50 new companies joined the Forum in recent months.
WorldRemit, the leading digital money transfer service, has partnered with Express Finance SA Cameroon for international mobile money transfers to Cameroon.
Financial close of the €1.26 billion Nachtigal hydro power plant to be built in Cameroon has been achieved.
The European Commission and the African Development Bank have signed two co-financing agreements for the Cameroon-Chad electricity interconnection project and the trans-Saharan fiber optic scheme.
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Convertible Loan Agreement with Project Élan 1 SAS, committing up to $1.7m to develop Project Élan Solar in Cameroon.
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.
The African Development Bank (AfDB) has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country.
Africa Finance Corporation is investing in the Nachtigal Hydro Power Company in Cameroon.
The European Investment Bank has announced its strong support for the construction of a 420-MW hydropower project in Cameroon.
International Finance Corporation, IFC has announced an agreement of $1.6 million with Atlantic Financial Group Central and East Africa to expand access to digital financial services.
A far-reaching in-depth study, led by Nielsen, of television reception throughout Nigeria, Cameroon and Ivory Coast, has positioned Eutelsat as satellite market leader within these countries.
IFC, a member of the World Bank Group, in partnership with the Government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant.
A senior official of the UN Economic Commission (ECA), has told Cameroon’s development planning and statistics authorities that the law of the market, called ‘the invisible hand’ in economics, cannot by itself promote diversification, industrialization and the structural transformation of the economies.
About 70 stakeholders comprising executives and planning experts, statistics executives and experts, members of the civil society and representatives from the private sector will converge in Yaounde to review and validate two ECA studies on accountability and statistics in development planning in Cameroon.
UNIDO's Investment and Technology Promotion Office (ITPO) in Tokyo continues to foster international engagement towards TICAD7 as it hosted a very well attended multi-stakeholder dialogue on the "Africa and TICAD7" cooperation.
EgyptAir will launch two new routes in the African continent as of the end of January 2019. The new routes are to Kigali, Rwanda and Douala, Cameroon.
Colin E. MUKETE, Chairman of the Board of Directors of MTN Cameroon, has announced on behalf of the Board, the appointment of Mr. Hendrik KASTEEL to the position of Chief Executive Officer of MTN Cameroon, effective 17 September 2018.
Latency, the tiny time delay when a data stream has to travel thousands of kilometers between computers on different continents, is regarded as the enemy of the digital economy.
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
The African Development Bank Group has extended a loan of €84 million to Cameroon to support livestock and fish production in the central African country in line with the Bank’s strategies to create jobs and raise household incomes.
The entertainment phenomenon that is Black Panther has captivated the world since its release earlier this year. It has been embraced for its representation of black people generally, and Africans specifically.
The UN Secretary General’s Special Envoy on Road Safety – Mr. Jean Todt has unveiled the Cameroon Road Safety Performance Review Report jointly commissioned with the UN Economic Commission for Africa.
Bolloré Transport & Logistics, Camrail and SEPBC have recently combined their activities within the Bessengué loading site to increase volumes of exported timber from Bélabo in Cameroon.
Bolloré Transport & Logistics has signed an agreement with Jumia, a company specialising in e-commerce, and the Cameroon Customs to facilitate e-commerce in Cameroon and contribute to its development.
Greenpeace Africa has published a report explaining how Singaporean based Halycon Agri and its Cameroonian subsidiary- Sudcam operate a sordid rubber plantation business in Cameroon.
The World Bank Group has approved an investment package of $794.5 million for the Nachtigal Hydropower project in Cameroon, to help the country reach its goal of providing access to electricity for 88 percent of its people by 2022.
The Rougier Group has announced the sale of its forest and industrial activities in Cameroon and the Central African Republic.
GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a partnership to strengthen the remittances ecosystem in CEMAC region.
Technology has for another week been at the center of the continent’s most highlighted activities with both governments and private sector reaping from commitment to the sector
Businesses in Cameroon are poised to take advantage of new proposals to boost their digital economy.
MTN announces the signature of a Memorandum of Understanding with the Ministry of Secondary Education for the use of its Mobile Money solution for the payment of school fees and related charges in Cameroonian secondary schools.
Thousands of MTN employees in 21 markets across Africa and the Middle East have launched the company’s annual employee volunteerism programme,
Despite its laudable development plans as well as the rising level of transformation of its local products, Cameroon still has big gaps to plug in terms of the structural transformation of its economy.
[Cameroon] Camtel selects Friendly Technologies to improve subscribers’ quality of experience and reduce operation costs
Cameroon's national telecommunications and Internet service provider, Camtel, has chosen Friendly Technologies' TR-069 ACS solution for remote management of the subscribers' Customer- provided equipment, CPEs.