Business

Has the Forward Momentum in Cameroon Oil and Gas Sector Effectively Stalled?

African Energy Chamber | From all accounts, it looks like Cameroon has pressed pause on oil and gas. Chevron is ready to invest big to move on the Yoyo Yolanda Unitization. This is a joint development of the Chevron-operated Yoyo (in the Douala Basin offshore Cameroon) and Yolanda (offshore Equatorial …

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Cameroon state oil firm says staff linked to Glencore bribes will face UK court

YAOUNDE, Aug 3 (Reuters) – The head of Cameroon’s National Hydrocarbons Corporation (SNH) has said some managers and employees will appear before a UK court over suspected involvement in bribery offences linked to Swiss commodity trader Glencore. Adolphe Moudiki, SNH’s administrator and director general, had previously denied staff involvement but late …

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Billionaire and Former Glencore Oil Trader Charged with Corruption in Nigeria and Cameroon

In connection with his business operations in Nigeria and Cameroon, billionaire and former oil trader Alex Beard, along with four other executives, have been charged with corruption. The charges, brought by the UK’s Serious Fraud Office, allege that he exploited his influential position to facilitate illegal activities and gain unfair …

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Cameroon signs bauxite deal with Canyon Resources

mining.com | Cameroon on Tuesday signed a bauxite mining deal worth at least $2 billion with a subsidiary of Australia-based Canyon Resources, as the central African nation seeks to become an upper middle-income country by 2035. Camalco, the Cameroonian subsidiary of the Australian miner, will carry out the direct shipping …

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Cameroon and South Africa Finalize Landmark Air Transport Agreement

Business in Cameroon | On July 24, President Paul Biya ratified a bilateral air transport agreement between Cameroon and South Africa. Initially signed in Cape Town on July 14, 2011, the agreement aims to enhance relations between the two countries by streamlining air operations and boosting trade. Under the terms …

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Cameroon Is Surging The Tourism Industry With New Visa Free Travel Policy For 7 countries, Including Gabon, Nigeria and Mali

Travel And Tour World | Cameroon, nestled in West Africa, grants visa-free entry to tourists from seven countries, enhancing its accessibility for international visitors. This visa exemption facilitates easy exploration of Cameroon’s diverse landscapes and rich cultural heritage. From the arid northern plains to the lush tropical rainforests of the …

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