Tech

Camtel Could Soon Offer Amazon Cloud and AI Services in Cameroon

Cameroon Telecommunications (Camtel) and Amazon Web Services (AWS) are exploring potential collaboration in cloud computing, artificial intelligence, and satellite technologies, as the state-owned telecom operator seeks to expand its digital services. An AWS delegation for Africa, including Raya Nassar and Terrence Naidoo, recently met with Camtel Chief Executive Officer Judith Yah Sunday. The meeting was also attended by Antoinette Manyaga, information and communications technology representative at the U.S. Embassy in Cameroon. According to Camtel, the discussions focused on satellite technologies, cloud services, and artificial intelligence. The two companies are exploring areas of cooperation that could support Cameroon's digital transformation and…
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Banking and Finance

Cameroonian Microfinance Firm Renaprov Presses Ahead With BVMAC Listing Despite Raising Only 13% of Its Target

Renaprov Finance has moved one step closer to listing on the Central African Stock Exchange (BVMAC), although it raised only a fraction of the capital it initially sought. The Central African Stock Exchange said on July 21 that the microfinance institution's 52,019 newly issued shares, worth a combined CFA1.092 billion ($1.9 million), have been admitted to the Central Securities Depository (DCU) of the Central African Economic and Monetary Community (CEMAC). The admission took effect on June 30. In a statement signed by BVMAC Chief Executive Officer Louis Banga Ntolo, the exchange said the move comes "ahead of the company's upcoming…
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Entrepreneurship

Cameroon's State Livestock Company Yet to Write Off CFA92.7 Million in Uncollectible Customer Debts More Than 15 Years Later

Cameroon's Livestock Development and Production Corporation (Sodepa) continues to carry CFA92.7 million ($160,000) in old trade receivables on its balance sheet, most of them linked to meat sold on credit to customers who have since died or cannot be located. Fully impaired, some of the receivables date back more than 15 years and now require formal approval to be written off. In the notes to its 2025 financial statements, the state-owned company said that "doubtful receivables amounting to CFA92,699,815 as of December 31, 2025, are very old and have been fully provided for." The receivables mainly stem from credit sales…
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Entrepreneurship

Dangote Eyes Cameroon Fuel Terminal to Expand Refinery's Central Africa Reach

Dangote Group considers building a petroleum products storage terminal in Cameroon, a project that could create a new outlet for fuels produced at its Lekki refinery in Nigeria while strengthening the company's presence in Cameroon and across Central Africa. The proposal, which remains at the discussion stage, was presented to Prime Minister Joseph Dion Ngute on July 21 by Devakumar Edwin, Dangote Group's Vice President for Oil, Gas and Fertilizer. According to Edwin, the company wants to explore the development of a storage facility that would help build Cameroon’s strategic petroleum reserves and improve the country's fuel supply security. The…
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Tech

Cameroon Joins Global AI Body as Founding Member

Cameroon, along with 28 other countries, signed the agreement establishing the World Artificial Intelligence Cooperation Organization, WAICO, a new intergovernmental body aimed at strengthening international cooperation and global governance in artificial intelligence. The agreement was signed in Shanghai, China, ahead of the 2026 World Artificial Intelligence Conference, held from July 17 to 20 under the theme: “AI Partnerships for a Brighter Future.” The Minister of Minister of Posts and Telecommunications, Minette Libom Li Likeng, signed on behalf of the country. WAICO will be headquartered in Shanghai and run as an independent intergovernmental organization, tasked with promoting international cooperation and global…
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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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