Business in Cameroon | When Cameroonian police and military retirees received their July 2024 pensions, they noticed a reduction in their usual payments. This change was due to the suspension of family allowances linked to the number of children they claimed, according to a statement from the Ministry of Finance …
Read More »MTN Cameroun dépasse les 300 millions de dollars : Une croissance inattendue en 2024!
Afrique IT News | Au premier semestre de 2024, MTN Cameroun a réalisé un chiffre d’affaires impressionnant de 301,9 millions de dollars, marquant une croissance significative de 16 % par rapport à la même période en 2023. Cette performance remarquable reflète la demande croissante pour les services de données et …
Read More »Cameroon: Sarkozy leading a mission of French entrepreneurs to revive investments
Agenzia Nova | The former French president Nicolas Sarkozy will lead a mission of local entrepreneurs to Cameroon to explore investment opportunities in the African country and promote new projects. The mission, the date of which is not known, was announced in recent days by the former president himself, who …
Read More »Has the Forward Momentum in Cameroon Oil and Gas Sector Effectively Stalled?
African Energy Chamber | From all accounts, it looks like Cameroon has pressed pause on oil and gas. Chevron is ready to invest big to move on the Yoyo Yolanda Unitization. This is a joint development of the Chevron-operated Yoyo (in the Douala Basin offshore Cameroon) and Yolanda (offshore Equatorial …
Read More »Cameroon state oil firm says staff linked to Glencore bribes will face UK court
YAOUNDE, Aug 3 (Reuters) – The head of Cameroon’s National Hydrocarbons Corporation (SNH) has said some managers and employees will appear before a UK court over suspected involvement in bribery offences linked to Swiss commodity trader Glencore. Adolphe Moudiki, SNH’s administrator and director general, had previously denied staff involvement but late …
Read More »Billionaire and Former Glencore Oil Trader Charged with Corruption in Nigeria and Cameroon
In connection with his business operations in Nigeria and Cameroon, billionaire and former oil trader Alex Beard, along with four other executives, have been charged with corruption. The charges, brought by the UK’s Serious Fraud Office, allege that he exploited his influential position to facilitate illegal activities and gain unfair …
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