Business

Business in Cameroon | The Cameroonian government is offering tax exemptions on electric vehicles to boost sales. Effective January 1, these vehicles are exempt from excise duties, which previously had an import rate of 12.5%. A 50% reduction in the taxable value of newly imported electric vehicles, motorcycles, their batteries, …

Business in Cameroon | Nachtigal Hydro-Power Company (NHPC) announced that, since December 23, 2024, 300 MW of electricity produced by the Nachtigal Dam is now available in Cameroon’s power grid. The dam, which is being completed in the Central Region of the country, has a total production capacity of 420 …

Business in Cameroon | Cameroon’s government is stepping up efforts to improve energy management as part of the Electricity Sector Recovery Plan (Prsec). While presenting the 2025 action plan to Parliament, Gaston Eloundou Essomba, Minister of Water and Energy, announced plans to install nearly 17,000 metering points in government buildings. …

Business in Cameroon | On December 13, in Douala, Cameroon, German insurer Allianz and South African insurer Sanlam officially announced their merger. The merger, which was finalized after an extraordinary general meeting of their Cameroonian subsidiaries on July 22, has created two new companies: SanlamAllianz Cameroun Assurances, which handles general …