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Cameroon’s trade gap widens, exceeding CFA2tn in 2023
10 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismIn 2023, Cameroon's trade balance deficit hit CFA 2,004 billion, marking its highest level since 2015, according to data released on May 8 by the National Institute of Statistics (INS). Year-on-year, this deficit surged by 40.3%, up from CFA1,428 billion in 2022. "The significant (...) -
Nachtigal Dam Injects First 60 Megawatts into Cameroonian Power Grid
10 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismCameroon's Minister of Water and Energy, Gaston Eloundou Essomba, presided over the ceremony marking the injection of the first megawatts from the Nachtigal Dam today May 10. This step enables the injection of an additional 60 MW of energy into the Southern Interconnected Grid (RIS), covering (...) -
Cameron Reveals Plan to Boost Renewable Energy Output by 1,500 MW by 2035
10 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismDuring the Renewable Energy Promotion Forum in Cameroon on May 3, Gaston Eloundou Essomba, the Minister of Water and Energy (Minee), announced the government’s ambition to increase the share of renewable energy (hydroelectric, solar, wind, biomass, geothermal, etc.) to 25% of the electricity (...) -
BGFIBank Cameroon Partners with Fogajeune to Empower Young Entrepreneurs
9 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismBGFIBank Cameroon has entered a strategic alliance with the Youth Entrepreneurs Guarantee Fund (Fogajeune). The subsidiary of the Gabon-based banking group inked a partnership agreement with the Ministry of Youth and Civic Education on April 24th, introducing two key mechanisms to nurture (...) -
Local wood processing boosts logging in Cameroon, up 12.2% in Q4 2023
8 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismIn the last quarter of 2023, the forestry and timber industry emerged as the primary driver of growth in the primary sector in Cameroon. According to the report released on May 7, 2024, by the National Institute of Statistics (INS) on the national accounts for the fourth quarter of 2023, this (...)