Business Archives - Page 2 of 17

Cameroon Allows Seizures of Livestock, Businesses, and More for Debt Recovery

June 20, 2024 Business, English, Top 1

Business in Cameroon | Since February 16, 2024, Cameroon and 16 other member states of the Organization for the Harmonization of Business Law in Africa (OHADA) have authorized seizures of livestock, business assets, electronic money holdings, movable property belonging to third parties, and negotiable debt securities. This decision follows the …

Embezzlement Scandal at SOPECAM: 300 Million FCFA Missing

June 18, 2024 Business, English, Top Comments Off on Embezzlement Scandal at SOPECAM: 300 Million FCFA Missing

SOPECAM is in turmoil following a significant financial scandal. According to Cameroon Magazine, Marthe Ngo Bassomo, coordinator of the commercial and marketing department, is accused of embezzling over 300 million FCFA [$490,831.65 (USD)] to invest in LIYEPLIMAL, a platform created by fugitive Émile Parfait Simb. This incident exposes severe internal …

Scatec’s Release Shines Brighter in Cameroon with Solar and Storage Boost

June 11, 2024 Business, English, Top Comments Off on Scatec’s Release Shines Brighter in Cameroon with Solar and Storage Boost

Cameroononline | Release, the renewable energy arm of Scatec, is expanding its footprint in Cameroon. The company is adding a substantial 28.6 MW of solar power and 19.2 MWh of battery storage to its existing projects. This move solidifies Release’s commitment to providing clean energy solutions to Cameroon, which is …

French Entrepreneur Launches Million-Dollar Chocolate Factory in Cameroon

June 4, 2024 Business, English, Top Comments Off on French Entrepreneur Launches Million-Dollar Chocolate Factory in Cameroon

Business in Cameroon | French entrepreneur Olivier Bordais has initiated the construction of a chocolate factory worth nearly one billion FCFA (€1.5 million) in Cameroon. The groundbreaking ceremony for the project, located in Obala, one of Cameroon’s cocoa production hubs about thirty kilometers north of Yaoundé, took place on May …

Dans 48 heures, les billets de banque de la gamme 1992 n’auront plus aucune valeur dans la Cemac

May 30, 2024 Business, Français, Top Comments Off on Dans 48 heures, les billets de banque de la gamme 1992 n’auront plus aucune valeur dans la Cemac

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, …

Chinese funding keeps Cameroon’s deep seaport expansion project afloat

May 27, 2024 Business, English, Top Comments Off on 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 …