africanews | On June 19, the Court of Cassation in Paris ruled in favor of the Port of Douala (PAD) in its dispute with the French group Bolloré over container terminal concessions. The court overturned a previous decision by the Paris Chamber of Commerce, which had ordered the port to …
Read More »Unregulated Chinese fishing threatens livelihoods in Cameroon | + video
DW News | Local fishers in Cameroon claim they are being pushed out of business by giant industrial trawlers who are illegally fishing in their waters. They say they face attacks when out at sea and officials are ignoring their plight. Chinese vessels are reported to be at the heart …
Read More »Cameroon’s coffee supply chain to be digitised and made EUDR compliant
Tea & Coffee Trade Journal | Dimitra, a blockchain-based operating system for agricultural technology, and Arasco Food BV, an international food trading corporation, has announced a joint pilot project that will digitise, modernise and make compliant coffee supply chains in Cameroon. Led by Dimitra Europe GmbH, a subsidiary of Dimitra Incorporated, this …
Read More »Cameroon Allows Seizures of Livestock, Businesses, and More for Debt Recovery
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 …
Read More »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 …
Read More »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 …
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