Investir au Cameroun | Dans un communiqué que vient de publier l’Agence de la Banque des États de l’Afrique centrale (Beac) de Garoua, dans la partie septentrionale du Cameroun, les détenteurs des billets de banque de la gamme 1992 (photo ci-dessus) des régions du Nord, de l’Extrême-Nord et de l’Adamaoua, …
Read More »Chinese funding keeps Cameroon’s deep seaport expansion project afloat
Cameroon’s Kribi Deep Seaport project, funded by China Eximbank, is set to enter its second construction phase next year The port will provide relief for current main port, Douala, as well as serve as a trading gateway for landlocked African countries South China Morning Post | A small fishing town …
Read More »Fitch Affirms Cameroon’s Foreign Currency Rating at “B”, Outlook Shifts to Negative
Business in Cameroon | Fitch Ratings maintained Cameroon’s long-term foreign currency rating at “B” in its recent assessment published on May 17, 2024. This decision reflects a diversified regional economy and robust GDP growth. However, Fitch has downgraded the outlook from stable to negative. The agency said the state debt …
Read More »France quadrupled imports from Cameroon over five years, boosted by hydrocarbons
Business in Cameroon | French imports from Cameroon have quadrupled over the past five years, driven largely by hydrocarbons. Data from French customs shows imports surged from €225.6 million (about 148 billion FCFA) in 2019 to €915.2 million (about 599.4 billion FCFA) in 2023. In 2022, imports even hit a …
Read More »Netherlands remains Cameroon’s top customer in 2023 despite market share drop
Business in Cameroon | The Netherlands remained Cameroon’s top customer in 2023 for the second consecutive year, according to the latest report on Cameroon’s foreign trade published by the National Institute of Statistics (INS) on May 8. The country imported goods worth CFA693.7 billion from Cameroon in 2023, compared to …
Read More »Nachtigal dam injects its first MW into Cameroon’s power grid
Afrik 21 | Several members of Cameroon’s government attended the commissioning of the first turbine of the Nachtigal hydroelectric scheme in the center of the country on Friday, May 10, 2024. This first unit has a capacity of 60 MW. This is it! After five years of work, the Nachtigal …
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