Cameroon News, Trending

Cameroon Gives Shipowner 15 Days to Clear Wreck from Douala Port Channel

Cameroon has given the owner of the Black Rhino 15 days to remove the container ship from the access channel of the Port of Douala-Bonabéri after it ran aground following a collision earlier this month, as authorities seek to prevent further disruption at the country's main maritime gateway. The vessel, which is carrying about 150 containers, has remained stranded in the channel since the accident on the night of July 11-12. Within eight days, the shipowner must submit a final report prepared by its appointed experts, outlining the technical solution selected and a detailed recovery plan. Specialists from marine salvage…
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Cameroon News, Entrepreneurship, Trending

Cameroon Opens Call for Agropastoral, Fisheries Projects at University of Bertoua

Cameroon’s Ministry of Higher Education is inviting proposals for structuring projects at the University of Bertoua within the framework of the implementation of the Integrated Agropastoral and Fisheries Import-substitution Program (PIISAH). According to the call for applications signed on July 14, eligible projects must support agro-pastoral and fisheries value chains. They may focus on applied research, technological platforms, pilot production units, or local product processing and value addition. Proposals may also address innovation linked to import substitution or capacity building for students, lecturers and researchers. Project submissions are open to members of the university community and must include a concept…
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Banking and Finance, Cameroon News, Economic, Trending

CNCC Adds Banks and Mobile Money to Its Growing Roadside Service Centers

Cameroon's National Shippers' Council (CNCC) is looking for a financial partner to operate mini bank branches and Mobile Money kiosks at its roadside service centers, expanding its strategy to turn these facilities into business hubs along the country's main freight corridors. The state-owned company has issued a call for expressions of interest, with applications due by July 23, 2026. The first phase will cover the Dibamba service center near Douala before expanding to Kousséri, Ngoulentang, Garoua-Boulaï, and Ngaoundéré. According to the tender notice, the selected partner will provide banking and digital financial services to truck drivers, other users of the…
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Cameroon News, Entrepreneurship, Trending

China Invites Cameroonian Exporters to Shanghai Import Expo

China's Ambassador to Cameroon, H.E. Xu Yong, has invited Cameroonian businesses to take part in the ninth China International Import Expo (CIIE), which will run from November 5 to 10, 2026 at Shanghai's National Exhibition and Convention Centre. The invitation was issued during a recent press briefing held at the Chinese Embassy in Yaounde. According to the Chinese Embassy, Cameroon will be participating in the event for the fifth consecutive year. Chinese authorities are encouraging a stronger presence from Cameroonian exporters, either through registration coordinated by Cameroon’s Ministry of Trade or through the expo’s online participation platform. Presented as the…
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Banking and Finance, Cameroon News, Trending

Cameroon's State Housing Company Eyes $267 Million Capital Boost to Unlock Real Estate Expansion

Cameroon's state-owned real estate company SIC plans to more than triple its share capital through the transfer of 11 state-owned land parcels valued at CFA151.82 billion ($267 million), a move designed to strengthen its financial position and support future housing developments. If approved by the relevant authorities, the operation would raise the company's share capital from CFA75 billion to about CFA226.8 billion. The transaction is based on the contribution of nearly 407 hectares of land spread across six regions: Center, Littoral, Adamawa, North, Far North, and West. A valuation table prepared for the transaction lists the size, land title, unit…
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Cameroon News, Entrepreneurship, International News

Chinese Investors Plan CFAF45 Billion Zircon Project in East Cameroon

Chinese investors have presented a CFAF 45.2 billion zircon mining and processing project for Cameroon’s East Region, with plans to create about 500 direct jobs and 1,500 indirect jobs through the development of an integrated extraction and mineral transformation chain. The project was presented during a meeting between the Acting Director General of the Investment Promotion Agency, IPA, and a delegation of Chinese investors from Hongji SA. The proposed investment centers on the extraction, processing and first transformation of zircon before export. According to the IPA, the initiative will be implemented in two phases following the identification of zircon deposits…
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Cameroon Moves to Formalize Incubator at Ambam Agriculture School

Cameroon’s Ministry of Small and Medium-Sized Enterprises, Social Economy and Handicrafts (MINPMEESA) and the Chamber of Agriculture, Fisheries, Livestock and Forestry (CAPEF) signed a partnership agreement to formalize incubation activities at the Practical School of Agriculture and Wood of Ambam (EPABA), also known as EPABA Business Lab. The agreement was signed on July 17, 2026, as part of efforts to strengthen rural entrepreneurship and support the emergence of small and medium-sized enterprises across strategic value chains, notably the agriculture, livestock, fisheries and forestry sectors. According to the CAPEF, under the partnership, EPABA will host an incubation system designed to assist…
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Major Delays Threaten Completion of Key Yaoundé Highway Expansion

The expansion of Yaoundé's northern entry road has fallen significantly behind schedule, raising fresh uncertainty over the completion of one of Cameroon's most important urban transport projects. As of July 14, 2026, the project was 25.86% complete even though 89.11% of the contractual construction period had already elapsed, according to the Ministry of Public Works. The gap of more than 63 percentage points has prompted the ministry to call on contractor Arab Contractors to step up work on the highway linking the Olembé district to the Obala interchange. Construction has nevertheless advanced on several sections of the project. Workers have…
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CDEC Challenges CEMAC Banking Oversight, Reaffirms Appeal Before CEMAC Court

Cameroon's Deposit and Consignment Fund (CDEC) has renewed its opposition to a CEMAC regulation that places parts of its activities under the supervision of the Central African Banking Commission (COBAC), arguing that the measure is already the subject of an annulment case before the CEMAC Court of Justice. The public institution issued the statement in response to a July 15 article published by the state-owned newspaper Cameroon Tribune, which presented the regulation as setting new operating rules for deposit and consignment funds across the Central African Economic and Monetary Community (CEMAC). According to the newspaper, the regulation classifies some of…
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Cameroon Opens Talks With MSC's Port Arm to Advance Limbe Deep-Sea Port

Cameroon has opened discussions with Terminal Investment Limited (TIL), the port operating company closely linked to Mediterranean Shipping Company (MSC), as it seeks to move the long-delayed Limbe deep-sea port project toward implementation. Prime Minister Joseph Dion Ngute met a TIL delegation in Yaoundé on July 15 to discuss the project. Based in Switzerland, TIL specializes in the development, acquisition and operation of container terminals worldwide. Through its close ties to MSC, one of the world's largest shipping companies, TIL could bring not only technical expertise and investment capacity but also access to the group's global maritime network. Following the…
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Mboa Jeunes Créatifs Selects 48 Cameroonian Entrepreneurs for Incubation

Forty-eight young Cameroonian entrepreneurs have been selected for the incubation phase of Mboa Jeunes Créatifs, a program promoting youth entrepreneurship and job creation. They were officially presented at a ceremony in Yaoundé on July 17. The selection was conducted through REJEUNES-DY, a project supporting youth employability, economic empowerment and civic engagement in Yaoundé and Douala. Cameroun Entreprises Développement (CED) implements the project in partnership with the Institut Européen de Coopération et de Développement (IECD) as part of Mboa Jeunes Créatifs, which is financed by the Fonds Équipe France. Program Selects 48 Entrepreneurs From 1,240 Applicants Organizers received 1,240 applications from…
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Treasury Advances Deepen Cameroon’s Payment Arrears, Now at CFA1 Trillion

Cameroon has acknowledged that its growing use of Treasury advances to finance off-budget spending is contributing to the accumulation of unpaid government bills, highlighting a structural weakness in the country's public financial management. In its 2027-2029 Economic and Budgetary Programming Document (DPEB), the government said it intends to reduce reliance on these cash advances in an effort to slow the buildup of outstanding payment obligations, commonly referred to as the floating debt. As of the end of March 2026, outstanding payment arrears stood at CFA1.026 trillion ($1.8 billion). Of that amount, CFA452.5 billion, or about 44%, consisted of invoices that…
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New AfDB Financing for Cameroon Totals CFA833.8B Since 2023; Portfolio Disbursement at 26%

Since the launch of its Country Strategy Paper 2023-2028, the African Development Bank has approved eight new operations in Cameroon worth a combined 833.8 billion CFA francs. That represents 67.9% of the 1,227.5 billion CFA francs set out in the strategy’s initial indicative program, according to a calculation based on data published by the pan-African institution on July 17, 2026. Disbursements across the broader active portfolio remain low, however. The portfolio stood at 1,629.2 billion CFA francs and had a cumulative disbursement rate of 26%, according to a joint review presented in Yaoundé on July 14, 2026. That rate covers…
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Cameroon, Swiss Terminal Operator Explore Options for Limbe Deep Seaport

The Cameroonian government and Swiss-based Terminal Investment Limited, TIL, have begun examining options for the development, modernization and operation of the future Limbe Deep Seaport. Initial discussions were held during a working session chaired by Prime Minister Joseph Dion Ngute in Yaoundé on July 15, 2026. The discussions brought together senior government officials and representatives of the global terminal operator to assess possible technical and investment models for the project, which authorities view as a strategic addition to Cameroon’s maritime infrastructure and logistics network. The meeting focused on how the proposed deep-water port could support industrial activity, trade flows and…
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Douala Workshop Trains SME Support Agencies on EU Export Rules

A regional initiative aimed at helping Central African agrifood businesses access the European market has trained officials and support actors responsible for accompanying small and medium-sized enterprises, SMEs, on compliance with European sanitary and phytosanitary standards. The capacity-building workshop was organized in Douala on July 14 and 15, 2026, by the Programme for Support to Regional Integration and Investment in Central Africa, PAIRIAC, financed by the European Union. The training focused on strengthening the ability of institutions across the Central African region to guide SMEs in meeting European Union requirements governing agricultural and agrifood imports. According to organizers, many agricultural…
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SNH Profit Falls 41% as Core Business Remains in the Red

Cameroon's National Hydrocarbons Corporation (SNH) reported a 41.3% drop in net profit in 2025, despite posting slightly higher revenue, as weaker operating performance continued to weigh on its results. The company's standalone financial statements show that SNH remained loss-making in its core operations, with overall profitability once again supported mainly by income from investments and equity holdings. Revenue rose 6.1% to CFA5.55 billion in 2025 from CFA5.23 billion a year earlier, driven almost entirely by higher sales of manufactured products. The increase, however, was not enough to offset rising operating costs. Value added fell 35.6% to CFA9.05 billion, while earnings…
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Study Says BEAC Needs Emergency Liquidity Tool for Geopolitical Shocks

The Bank of Central African States (BEAC) should create an emergency liquidity facility worth CFA1.7 trillion to CFA2.3 trillion to protect financing for essential imports during global geopolitical shocks, according to a new study. The proposed facility would finance critical imports such as food, fuel, and pharmaceuticals during periods of severe international disruption. The suggested size of the fund corresponds to the $3 billion to $4 billion recommended by the authors, or roughly 2% to 3% of the Central African Economic and Monetary Community's (CEMAC) gross domestic product. The CFA franc equivalent is approximate and depends on the exchange rate used. The…
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Higher Timber Export Taxes Cut Cameroon's Customs Revenue by CFA7.9 Billion

Cameroon's strategy of discouraging raw log exports through higher export taxes is beginning to weigh on customs revenue, highlighting the short-term cost of the country's push to build a stronger domestic wood-processing industry. According to the Ministry of Finance's 2027-2029 Medium-Term Economic and Budgetary Programming Document, export duties collected from the timber sector fell by CFA7.9 billion in 2025, a 21.3% decline from the previous year. The drop stands in contrast to the overall performance of customs revenue, which rose by CFA96.6 billion, or 9.1%, to CFA1.153 trillion in 2025. The timber sector was therefore one of the main factors…
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