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Business

The inauguration of the Port of Kribi slated for the 1st of March 2018
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The inauguration of the Port of Kribi slated for the 1st of March 2018

The Kribi Sea port though shredded with controversy is another port that will ease the congestion witnessed at the Douala Water port. The Kribi Seaport was…
Cameroon amongst top timber exporter to USA/Canada
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Cameroon amongst top timber exporter to USA/Canada

Cameroonian exports of mahogany to Canada have more than tripled by the end of October 2017. This is revealed in a sectoral report of the International…
Cameroon: Customs corruption in the last 5 years amounts to over CFA1,246 billion lost
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Cameroon: Customs corruption in the last 5 years amounts to over CFA1,246 billion lost

On December 22, 2017, the National Anti-corruption Commission (CONAC) revealed the scale of corruption at Cameroon’s customs administration. This was disclosed in its 2016 report, published…
Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)
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Euro 100 Million for Supporting Cotton in Cameroon by the International Islamic Trade Finance Corporation (ITFC)

YAOUNDE, Cameroon, December 19, 2017/ -- The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IDB) Group (www.IsDB.org), signed a…
French group Thalès and Gemalto merge to maintain contract of producung National ID cards for Cameroonians
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French group Thalès and Gemalto merge to maintain contract of producung National ID cards for Cameroonians

On December 17, 2017, through a joint statement, Thalès and Gemalto announced a strategic merger agreement aimed at creating "the world leader in digital security". “The…
SONARA Cameroon: Due to production deficit, the Country imported 618,833 m3 of oil this year
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SONARA Cameroon: Due to production deficit, the Country imported 618,833 m3 of oil this year

Basile Atangana Kouna, Cameroon’s minister of water and energy, while reporting his activities to the Senate on December 12, 2017, revealed that the country turned to…
Cameroon: Government commissions Chinese firm to build 3,200 social houses in the country
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Cameroon: Government commissions Chinese firm to build 3,200 social houses in the country

On December 4, 2017, Jean Claude Mbwentchou, Cameroon’s minister of housing (MINHDU) received Tang Lezhen, General manager of China Shenyang International Economic & Technical Cooperation Corporation…
Cameroon borrows EUR150 from AfDB for Nachtigal Dam construction
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Cameroon borrows EUR150 from AfDB for Nachtigal Dam construction

The board of directors of the African development bank (AfDB) through its section in charge of the private sector has approved a senior loan of EUR150…
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