AFCFTA

• Posted on 2019-04-25

The Executive Secretary of the United Nations Economic Commission for Africa (ECA), Vera Songwe, during a working visit in Cameroon told members of government and diplomats that the economies of African countries are doing well and may possibly attain emergence faster than foreseen. The first observation is that there is low diversification of economies.

The main African exports are from the extractive sector and include oil and gas, ores, as well as precious and ferrous metals. Consequently,... Read more

Cotton fibre : 50% of the production to be process in 2025

• Posted on 2019-03-07

The Industrialization Master Plan (IMP) will build on a 600,000-tonne increase in SODECOTON production change may soon come in the cotton sector, of which 95% of current production is sold on international markets, with only 5% locally processed by the Cameroon Cotton Industry (CICAM). On a working visit to Garoua to launch joint national inspections of industrial sector enterprises, the Minister of Mines, Industry and Technological Development (MINMIDT) presented Government's project for... Read more

Capitalising on market opening

• Posted on 2019-03-07

The Cameroon Government plans to increase domestic revenue and gradually conquer foreign markets. It also plans to boost job creation and economic growth.  As a strategic partner, the European Union (EU) has committed to partnering with Cameroon and other countries in this endeavour. In 2017, it set up the European Union's External Investment Plan (EIP) for the Central Africa sub-region.

The new instrument was launched on February 22 at the PROMOTE Trade Fair in Yaounde. During... Read more

Transit of goods

• Posted on 2019-01-24
• Facilitation

The Cameroonian authorities have allocated a 10-hectare piece of land within the Douala Port to Chadian importers.  The piece of land will serve as a logistics base for transit operations and help secure goods bound for Chad. According to Edwin Fongod Nuvaga, Director General of Cameroon Customs, this is one of the solutions to the problems raised by the Chadian customs. "This will not only help to decongest the Port of Douala, streamline operations but also secure... Read more