Business

Cameroon suffers another downgrade, this time by Standard and Poor’s

The Africa Report | The world’s leading credit rating agency has downgraded Cameroon’s sovereign rating by six points, a steeper downgrade than that by Moody’s two weeks earlier. Standard and Poor’s (S&P) downgraded Cameroon’s long- and short-term foreign currency sovereign rating by six notches on 8 August, from B-/B (highly speculative) to …

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Cameroon’s Corporate Tax Rate Ranks in Top 20 Globally

Tax Foundation | In a recent survey of 225 distinct regions for the year 2022, it was found that 142 regions have corporate tax rates that are 25 percent or less. Meanwhile, 118 of these jurisdictions impose tax rates that exceed 20 percent but don’t surpass 30 percent. The median …

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Des anciens employés du chantier naval CNIC réclament le paiement de leurs droits

RFI | Plusieurs centaines d’anciens employés temporaires du chantier naval CNIC – l’une des plus grosses entreprises publiques et dont le siège se trouve dans l’enceinte portuaire de Douala – manifestent depuis deux semaines devant le ministère des Finances à Yaoundé. Ils revendiquent le payement de leurs droits depuis l’arrêt …

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Nachtigal hydropower project in Cameroon passes a significant milestone

Construction Review | The construction of Cameroon’s 420MW Nachtigal hydropower project passes a major milestone with the filling of the reservoir. Gaston Eloundou Essomba, the country’s Minister of Water and Energy, closed the dam’s valves, officially marking its impoundment. The primary civil works are being carried out by Belgium’s BESIX, …

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Cameroon Works To Reverse EU Seafood Ban Amid Concerns Over Unchecked Industrial Fishing

KRIBI, Cameroon — Florida Star |  Mboa Mbanga is a landing stage in the coastal city of Kribi in Cameroon’s South region. For the past 17 years, Biliaga has supported his family and sent his kids to school with the money he makes from hauling fish to this landing stage. Raised …

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