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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
CameroonOnline.org Cameroon news, Actualité Camerounaise, live Web TV & Radio, World News and a lot more