Business in Cameroon | Douala’s administrative and commercial hub has been without electricity since the early hours of May 2, 2024. In a statement released the same day, Eneo revealed that the cause of this disruption was a fire incident at a lumber depot in Ndogsimbi, located in the third …
Read More »Cameroon pays CFA34.7bn in interest to Eximbank China in Q1 2024
Business in Cameroon | Cameroon settled debts totaling CFA148.2 billion ($267 million) to the Chinese Eximbank in the first three months of 2024, as reported by the National Sinking Fund (CAA). Of this amount, CFA34.7 billion represents interest payments, with CFA113.5 billion allocated to principal repayment. These figures mark the …
Read More »Cameroon seizes Starlink kits ahead of service disconnection on April 30
Techpoint Africa | Cameroon is reportedly seizing Starlink kits at its borders because the Internet service provider is not yet licenced in the country. This comes ahead of Starlink’s scheduled discontinuation of service in regions where it is not yet licenced to operate, including Cameroon, on April 30. Meanwhile, Cameroonian …
Read More »Mobile Money usage surges in Cameroon, outpacing traditional banking
Business in Cameroon | The use of mobile money services has “particularly increased” in Cameroon, rising from 29.9% in 2017 to 42.7% in 2022 for the population aged 15 years or older, according to the results of the 5th Cameroon Household Survey (Ecam 5) released on April 24 by the …
Read More »Cameroon bans Elon Musk’s Starlink
ITWeb Africa | Cameroon is seizing Starlink equipment at its ports of entry because the low-orbit satellite provider is not licenced. The decision to seize all Starlink equipment imported into Cameroon comes after the government expressed concerns about national security and unfair competition. In a recent notice given to customs …
Read More »Cameroon’s aviation safety improves, yet falls short of international targets
Business in Cameroon | Transport Minister Jean Ernest Masséna Ngalle Bibehe issued a statement on April 22 detailing the results of a safety audit conducted by the International Civil Aviation Organization (ICAO) from October 9 to October 20, 2023. The audit, part of the Universal Security Audit Program (USAP), revealed …
Read More »