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Cameroon triples palm oil exports in 2023 despite production shortfall
16 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismCameroon's National Institute of Statistics (INS) report on the country's foreign trade in 2023 reveals a significant surge in palm oil exports. The nation exported 1,687.5 tons of this product, generating CFA2.2 billion, more than three times the 657 tons in 2022. The exports occurred (...) -
Central Africa’s Beac Achieves Back-to-Back Success with Bond Issues
16 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismThe Bank of Central African States (Beac) has recorded a subscription rate of 126% in its 14-day maturity bond issuance on May 13. The operation first aimed to withdraw CFA50 billion from the banking system, but ended up achieving CFA13 billion more than expected. This marks Beac's biggest (...) -
Cameroon’s Wine and Liquor Imports Soar to CFA22bn in 2023 (INS)
16 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismCameron spent CFA22.3 billion on wine and liquor imports in 2023, marking a 14.3% increase from the previous year, as per the latest report by the National Institute of Statistics (INS). The report however highlights that the country purchased a total of 11,206 tons of wines and liquors over (...) -
BGFIBank Cameroon : CEO Abakal Mahamat secures another term after quadrupling net income in 4 years
16 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismAbakal Mahamat has been reappointed as the Chief Executive Officer of BGFIBank Cameroon for another five-year term following a board meeting held on May 15, in Douala. Henri-Claude Oyima, the CEO of the Gabonese banking group, disclosed this information to Business in Cameroon. "We are very (...) -
10 trade partners account for 77% of Cameroon’s exports in 2023 (INS)
16 mai, par Business in Cameroon, Economie, Banking, Energy, Comms, Media, Law, Insurance, Public management, TourismCameroon's export landscape shows a significant concentration, with just 10 major clients accounting for 77.1% of the country's exports, according to the latest Foreign Trade Report from the National Institute of Statistics (INS) released on May 8. These major clients, including the (...)