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Cameroon: Tomatoes Farmers Urge Government to Relaunch the Factory in Foumbot
Posted on  : July 9, 2020, 12:00 am
Tomatoes farmers in Foumbot and in other areas across the country have urged the government of Cameroon to hasten up and relaunch the tomatoes factory located in Foumbot in the West region of the Country. The relaunch or restructuring of this plant will help to absorb some of this fruits that are being liquidated and rendered useless in the markets. It was in the late 1980s that the public-private partnership agreement with the sum of CFAF 900 million was put into the project of general in...
Author :  L J KINGAH   |  
Category : Business
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Tagged Keywords: foumbot, cameroon, tomatoes scan factory
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MTN Cameroon Appoints another South African, Stephen Blewett as CEO
Posted on  : July 6, 2020, 8:44 am
MTN, the Cameroonian subsidiary of South African Telecom Group, MTN has appointed Stephen Blewett as its new CEO. It was announced by the telecom operator specifying that the South African Blewett’s appointment will take effect as from August 1st, 2020. The new CEO also took to his LinkedIn announcing his promotion and expressing gratitude on the warm welcome. He wrote, “I’m very excited to join the dynamics and focused MTN team in Cameroon! Thanks for the warm welcome and kind messages of...
Author :  L J KINGAH   |  
Category : Business
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Cameroon: Public Works Minister Gives Chinese CWE a Sixty-Day Ultimatum to Complete work at Nkolesson-Nding Road
Posted on  : July 3, 2020, 12:00 am
Cameroon Minister of Public Works-Mintp, Emmanuel Nganou Djoumessi has given the Chinese firm, China International Water and Electric Corp-CWE sixty days to complete its construction work along the Nkolessong-Nding road and Nanga-Eboko Bifogo Axis. It has been six months since the China international Water and Electric Corp put a halt to its work on the said road, leaving just about 11kilometers-km of the stretch to complete. The Nkolessong-Nding stretch of the road under construction was 89km a
Author :  L J KINGAH   |  
Category : Business
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Cameroon: Despite the Recent Fiasco, Sundance Announces Continuous Negotiation with AustSino over Mbalam Iron Ore Project in the East
Posted on  : July 2, 2020, 10:29 pm
The Australian Junior mining company-Sundance has today, July 2nd, 2020 announced that though on June 30th, it was unable to reach agreement, it will continue negotiation with china’s AustSino Resources on the Project of the Mbalam iron ore in East of Cameroon. In a statement, the Australian multinational has indicated that, “Sundance and AustSino are currently in negotiations to agree to a further extension of the Agreement and both companies will update the market accordingly, as soon as possi
Author :  L J KINGAH   |  
Category : Business
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Cameroon: SOPECAM Slashes Annual Budget as COVID-19 Effects Creep in
Posted on  : July 2, 2020, 7:37 am
As COVID-19 Creeps through every branch of the Cameroonian economy, the Cameroon News and Publishing Corporation (SOPECAM) have tasted of its effects.
Author :  N Gelmin S   |  
Category : Business
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Tagged Keywords: slash budget, sopecam
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Cameroon: Mipromalo Reduces Budget by Nearly CFAF 500million to Cope with Budgetary Constrains from Covid-19
Posted on  : July 1, 2020, 11:06 pm
Cameroon state-owned company, The Mission for the Promotion of Local Materials-Mipromalo has reduced its 2020 budget by nearly CFAF 500 million to be able to cope with the budgetary constraints caused by the Covid-19 pandemic. It was on June 25th, 2020 that during the Board meeting which was held in Yaounde, at the company’s headquarters the decision was taken. The meeting arrived at the decision to slice over 25% that is around 500 million from the company’s initial budget which was slated at C
Author :  L J KINGAH   |  
Category : Business
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Cameroon and Nigeria Set to Construct Cross River Bridge to Boost Trade
Posted on  : July 1, 2020, 10:48 pm
Cameroon and Nigeria have issued a joint call for tenders to recruit an independent consultant to design border bride between Mfum in Nigeria and Ekok in Cameroon over the Bamenda-Mafe-Ekok in Cameroon and Enugu-Abakailiki Mfum in The Nigerian corridor. On the 441Km distance is the Bamenda-Mamfe-Ekok stretch of 203 Kilometer and on the Enugu-Abkailiki-Mfum is 238km.The two countries seek to construct a bridge on this corridor over the Cross River and access roads with spans of over 403ml betwee
Author :  L J KINGAH   |  
Category : Business
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Cameroon: International Trade Drop by 16 Percent.
Posted on  : June 30, 2020, 1:18 pm
Cameroon’s Minister of Trade, Luc Magloir Atangana on June 25, 2020 informed that Cameroon has witnessed a 16 percent drop in its international trade between January and June 2020.
Author :  N Gelmin S   |  
Category : Business
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Financial Services: Billionaire Danpullo Creates Payment Company - ‘Best Pay S.A’
Posted on  : June 29, 2020, 10:15 am
Baba Ahmadou Danpullo, a Cameroonian multibillionaire, has created a payment institution called “Best Pay S.A” According to reports the purpose of the financial institution is to aid payment and account management services. Also, to issue, distribute and manage payments in the form of electronic money. Best Pay S.A stated that it will offer services related to the management of payment accounts like the collection, payment, transfer, remittance, and withdrawal of funds.
Author :  L J KINGAH   |  
Category : Business
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Cameroonian Creates First Rating Agency - Ewatch Africa Investment Analytica
Posted on  : June 29, 2020, 9:15 am
Prosper H. Sugewe, a Cameroonian and founder of the London-based economic and financial consulting firm HPS international Consulting, which was founded in London and registered in Cameroon in 2017 has created the first credit rating agency in Central Africa, the Ewatch Africa Investment Analytica. The agency will, ‘credit risks and the financial solvency of companies, states, local authorities, financial institutions or financial operations on the Central African money and financial market,” t
Author :  L J KINGAH   |  
Category : Business
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Cameroon: National Institute of Statistic Reveals Disturbing Statistics on Women who Suffer Domestic Violence
The Cameroon National Institute of Statistic has reportedly ....
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Cameroon: Members of the National Assembly Contribute CFAF 100 million into Solidarity Fund.
Members of the National Assembly in Cameroon have reportedly....
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Cameroon: Over 980 Cases of Cholera Reported in Four Regions
The statistics released by Department of Disease Control and....
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Cameroon Marks end of UN Declared Global Decade for Road Safety with 53% Achievement in its Objectives
In the evening of yesterday, July 8th, 2020, to mark the end....
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