European Gaming | EGT has made a large-scale installation in Cameroon. The brand-new ultra-modern Grand Palace Casino in Douala city, which was officially opened in the beginning of October, is supplied entirely with gaming equipment from the Bulgarian manufacturer. “We are beyond happy that we have finally been able to …
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Simple Flying | Johannesburg, Addis Ababa, and Douala in two months! The carrier is boosting its connections in Africa. Air Algérie has launched its inaugural flight between Algiers and Douala, connecting North Africa to Cameroon for the first time. The new air link aims to strengthen bilateral ties and cooperation …
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Business in Cameroon | Cameroon counts almost 900,000 cryptocurrency users, representing 6.76% of its active population. The figure is contained in a study on the development of cryptocurrency and Ponzi schemes in the country, presented in Yaoundé, last August 24. This makes Cameroon the 11th African country with the most …
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VOA | Officials in Cameroon suspended the work contracts of several thousand foreign workers, including Africans, Chinese and Europeans, and ordered them to obtain work permits and pay taxes within a month or leave the country. The Cameroon government said that only about 100 of more than 2,000 foreign workers …
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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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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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