Through this framework agreement, ITFC will also be extending its support to SMEs and private sector through financing facilities to local banks and financial institutions.
MTN, Cameroon’s leading telecommunications company, is pleased to announce the launch of its new brand campaign dubbed “Unbeatable with MTN, the indomitable network”.
The U.S. Trade and Development Agency announced it has funded a feasibility study to connect more than 100,000 households in rural Cameroon to solar-powered minigrids that will utilize innovative battery storage technology.
BBC World Service partners with AfricaWeb to offer digital content to audiences in Ghana and Cameroon
This partnership will offer for the first time The Comb podcast, a unique and fascinating news and current affairs product aimed at younger audiences across the continent.
BBC World Service s'associe à AfricaWeb pour offrir du contenu digital aux publics du Ghana et du Cameroun
Ce partenariat permettra d'offrir pour la première fois le podcast The Comb, un produit d'information et d'actualité unique et fascinant destiné aux jeunes publics du continent.
The Government of the Republic of Cameroon has notified Tower Resources Cameroon SA (TRCSA), that the President of the Republic has approved a further extension of the First Exploration Period of the Thali license.
Orange Cameroon has extended its Network as a Service (NAAS) contract with NuRAN Wireless to add a further 120 sites to its footprint in the market.
At the end of 2021, the French Cegelec will deliver a 105 km transmission line to electrify 150 villages which will boost the economic development of the region after the completion of the Lom Pangar dam power plant and transport infrastructure.
The United Nations World Food Programme (WFP) and the Government of China signed agreements to provide food assistance to vulnerable people in Cameroon, Guinea-Bissau, Sierra Leone and Uganda.
Vipp Interstis, a French BPO company with operations in Africa offering offshore solutions to French and European companies, has recently been recognized as one of the best places to work for in Caremoun and Benin.
With advisory support from IFC, a member of the World Bank Group, Activa Assurances have launched two new insurance solutions in Cameroon, aiming to reach up to one million women by 2022.
The trade deal, which will support jobs and build future prosperity, was signed by International Trade Minister Ranil Jayawardena and High Commissioner of Cameroon to the UK, H.E. Albert Fotabong Njoteh in London.
The Ministry of Transport informs that in early March 2021, it acquired speed camera enforcement systems to reduce traffic accidents in Cameroon.
The AFAWA Guarantee for Growth program targets financial institutions to increase their appetite to lend to women who are known to be better payers
Despite the global economic slowdown caused by COVID-19, the case for investing in African startups is stronger than ever with new opportunities being announced every day.
The United Nations Development Programmed has launched the Acceleration Laboratory for Cameroon which is aimed at stimulating the economic growth of local innovators and tackle global challenges.
Cameroon has received the first consignment of ambulances intended to strengthen the country’s health system as well as part of the response plan to the COVID-19.
Cameroon suspends the installation of GPS on trucks that transport goods to the Central African Republic
According to the Cameroonian Ministry of Transports, the parties agreed to suspend the installation of GPS on trucks that transport goods to the Central African Republic because of the large number of vehicles currently waiting for the installation of that equipment at the port of Douala.
H.E. Teodoro Obiang Nguema Mbasogo, Equatorial Guinea’s Head of State officially inaugurated Cameroonian oil operator, Tradex’s first service station last week after nine months of construction work.
The National Confederation of Cameroon Cooperatives and Agro-pastoral Federations, met development partners in Yaounde to find solutions to farmers' challenges such as project writing and financing.
[Cameroon] Microfinance institution "La Régionale" launches IPO procedures to get listed on the BVMAC
In a press release issued on February 3rd, 2021, Charles Rollin Ombang Ekath, Chief Executive Officer of "La Régionale", announced that his institutions started procedures to get listed on the Central African Stock Exchange (Bvmac) based in Douala.
In late January 2021, Cameroon-based group ST Digital (a pan-African IT solutions provider) launched “the first 100% African cloud” services.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.