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Cameroon’s Camair-Co eyes privatization; to replace 767 with a 777
Camair-Co (QC, Douala (DLA)) will be opened to private investors should the carrier’s sole shareholder, the Cameroonian government, approve a tentative privatization plan set to be discussed on June 7.…
Three Foreign Companies to Build Nsimalen Superhighway At CFAF 154 Billion
“(Business in Cameroon) - The cost of the two phases is 154 billion francs CFA or 67 billion for the first and 87 billion francs CFA for the second”, the…
Chinese Group To Expand Rubber Production
Prime Minister Philemon Yang held talks on May 24 with Sinochem group’s officials. The Chinese company, SINOCHEM, that holds 90 per cent shares in the HEVECAM rubber company in the…
U.S. firms interested in Cameroon pipeline
YAOUNDE, Cameroon, May 28 (UPI) — A consortium of U.S. investors is interested in constructing an oil pipeline in Cameroon. The proposed pipeline, costing more than $1 billion, would transport…
Cameroon’s Camair-Co requests bailout ahead of restructuring exercise
Camair-Co (QC, Douala (DLA)) is in the process of negotiating a bail out from its sole shareholder, the Cameroonian government, as a means of cushioning pending a mass restructuring exercise.…
Cocoa Agreement Now Binds Cameroon and Europe
A partnership agreement between Cameroon cocoa producers and European Cocoa Association was signed last Friday, May 24, in Yaoundé. In details, the document signed by the Cocoa and Coffee Interprofessional…
YooMee Nominates New Managing Director in Cameroon
Exactly 2 years after the launch of its broadband Internet Services in Cameroon, YooMee Africa, the leading mobile Internet Provider in Cameroon, nominates a new Managing Director for its local…
Aero Contractors begins flights to Cameroon 27 May
Nigerian airline, Aero, begins flights to Cameroon 27 May – Nigeria’s second largest airline, Aero Contractors, is due to begin flights to Douala, Cameroon’s largest city, from Nigeria’s economic capital…
Rising debt could threaten Cameroon’s credit rating, Fitch warns
Fitch has affirmed Cameroon’s B credit rating, but warned that a rise in its domestic and overseas debt levels could spell trouble in the future. In a statement issued yesterday,…
Bowleven oil & gas provide group operations update
Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces the following update on operations on the Etinde Permit in Cameroon. Drilling operations – IM-5 well Following…
