Business

Cameroon hands 15-year biometric ID card contract to Augentic

Biometric Update | Augentic has agreed a deal with the government of Cameroon to produce a new generation biometric national ID card for the country under a Build-Operate-Transfer (BOT) arrangement that will last a decade and a half. A ceremony to put pen to paper on the deal took place in …

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Cameroonian Airline ZeJet Reports CFA1.2bn Revenue in First Year of Operation

Business in Cameroon | As of December 31, 2023, Fly ZeJet, a private Cameroonian airline, disclosed a revenue of CFA1.2 billion, as per company records. Its operating expenses were estimated at CFA80 million per month, totaling CFA1 billion for the year. The company states it has no bank debts but …

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Les répercussions des sanctions européennes sur la pêche au Cameroun | +audio

VOA | Au Cameroun, les autorités sont toujours à la recherche de solutions pour contrer la pêche illicite et ainsi lever le “carton rouge” émis par l’Union européenne. Cette mesure, instaurée en janvier 2023, a conduit à l’interdiction des produits de la pêche camerounais sur le marché européen. Plus d’un …

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Cameroon and Angola connect their cross-border networks to subsea cables

Mobile Europe | Camtel and Angola Cables act on their agreement to develop business opportunities in West Africa and the Atlantic region Angola Cables has partnered with Cameroon’s incumbent telecommunications operator, Camtel to expand digital and connectivity services in Cameroon and the West Africa region.The agreement follows an intent by …

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Power outage hits Douala business hub after fire incident

Business in Cameroon | Douala’s administrative and commercial hub has been without electricity since the early hours of May 2, 2024. In a statement released the same day, Eneo revealed that the cause of this disruption was a fire incident at a lumber depot in Ndogsimbi, located in the third …

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Cameroon pays CFA34.7bn in interest to Eximbank China in Q1 2024

Business in Cameroon | Cameroon settled debts totaling CFA148.2 billion ($267 million) to the Chinese Eximbank in the first three months of 2024, as reported by the National Sinking Fund (CAA). Of this amount, CFA34.7 billion represents interest payments, with CFA113.5 billion allocated to principal repayment. These figures mark the …

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