July 15 (Reuters) – Societe Generale (SOGN.PA), opens new tab has agreed to sell its Cameroon subsidiary to the State of Cameroon, the France-based international banking group said on Tuesday. The sale of Societe Generale Cameroun, the value of which was not disclosed, will cover more than 58% shares in the subsidiary, …
Read More »Cameroon Unveils Seven-Pillar AI Strategy to Become Africa’s Leading Hub by 2040
• Cameroon launched its AI strategy to become Africa’s leading hub by 2040, with goals for jobs, training, and GDP growth.• It focuses on governance, infrastructure, local language models, edge computing, talent, and regional cooperation.• The IMF ranks Cameroon low in AI readiness (0.34/1), citing gaps the strategy aims to …
Read More »MTN and Orange Fined Again for Poor Service in Cameroon
CameroonOnline.ORG | Millions of Cameroonians continue to pay full price for mobile networks that fail to deliver. According to multiple news sources, Cameroon’s telecom regulator, TRB, has fined MTN and Orange a combined 2.6 billion CFA francs (about $4.6 million) for poor service and unfair pricing practices. Inspections across major …
Read More »Cameroon Imposes New Tax on Used Vehicle Imports
Business in Cameroon | Cameroon’s tax authorities have imposed a new tax on all used vehicles entering the country, effective July 1, 2025. The General Directorate of Taxes (DGI) introduced this measure, which adds VAT on inspection and control fees paid through the Single Window for Foreign Trade (GUCE). GUCE …
Read More »CEMAC Risks Losing Billions as Oil Firms Resist Currency Repatriation
Business in Cameroon | CEMAC faces a major setback as oil and mining companies refuse to repatriate CFA6,000 billion earmarked for site rehabilitation, despite a deadline that expired on April 30, 2025. The Bank of Central African States (BEAC) and governments in Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the …
Read More »Kribi Port Revenue Up 24% as Cargo Traffic Reaches 12.7mln Tons in 2024
Business in Cameroon | The Port Authority of Kribi (PAK) reported a significant increase in cargo traffic and revenue for 2024, with total goods handled at the deep-water port reaching 12.7 million tons, up from 10.7 million tons in 2023. Financial results presented on June 27, 2025, during the PAK’s …
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