Cameroononline | Release, the renewable energy arm of Scatec, is expanding its footprint in Cameroon. The company is adding a substantial 28.6 MW of solar power and 19.2 MWh of battery storage to its existing projects. This move solidifies Release’s commitment to providing clean energy solutions to Cameroon, which is …
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Business in Cameroon | French entrepreneur Olivier Bordais has initiated the construction of a chocolate factory worth nearly one billion FCFA (€1.5 million) in Cameroon. The groundbreaking ceremony for the project, located in Obala, one of Cameroon’s cocoa production hubs about thirty kilometers north of Yaoundé, took place on May …
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Investir au Cameroun | Dans un communiqué que vient de publier l’Agence de la Banque des États de l’Afrique centrale (Beac) de Garoua, dans la partie septentrionale du Cameroun, les détenteurs des billets de banque de la gamme 1992 (photo ci-dessus) des régions du Nord, de l’Extrême-Nord et de l’Adamaoua, …
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Cameroon’s Kribi Deep Seaport project, funded by China Eximbank, is set to enter its second construction phase next year The port will provide relief for current main port, Douala, as well as serve as a trading gateway for landlocked African countries South China Morning Post | A small fishing town …
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Business in Cameroon | Fitch Ratings maintained Cameroon’s long-term foreign currency rating at “B” in its recent assessment published on May 17, 2024. This decision reflects a diversified regional economy and robust GDP growth. However, Fitch has downgraded the outlook from stable to negative. The agency said the state debt …
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Business in Cameroon | French imports from Cameroon have quadrupled over the past five years, driven largely by hydrocarbons. Data from French customs shows imports surged from €225.6 million (about 148 billion FCFA) in 2019 to €915.2 million (about 599.4 billion FCFA) in 2023. In 2022, imports even hit a …
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