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 …
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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 …
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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 …
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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 …
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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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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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