Cameroon : A cocoa processing plant in the offing

• Posted on 2018-10-11

On 17 September 2018, an additional funding agreement was signed in Douala between the Central African Development Bank (BDEAC), the Bgfi Bank, and the Atlantic Cocoa company, an Ivorian group. The 7.24-billion FCFA agreement relates to the construction and operationalisation of a cocoa bean processing plant in Kribi, Cameroon. "This is an important project for Cameroon, the CEMAC sub-region and BDEAC," Fortunato Ofa Mbo Nchama, President of BDEAC said after signing the contract.

The... Read more

Textile development: A technical management centre in the making

• Posted on 2018-09-10

Agreements and other framework agreements are regularly signed between the Ministry of Mines, Industry and Technological Development (MINMDT) and industry managers. "This is a necessary step in the implementation of the industrialisation master plan that continues to make important strides in its operationalisation," Minister Ernest Gbwaboubou said in Yaounde. The minister was speaking on 27 August 2018 during the signing of a new framework partnership agreement... Read more

Cooperation : Agreement on Bamboo and Rattan

• Posted on 2018-09-10

The International Organisation for Bamboo and Rattan (INBAR) now has its sub-regional office in Yaounde, Cameroon. This is the substance of the headquarters agreement signed on 2 September 2018 in Beijing between INBAR and Cameroon. The Cameroon Minister of External Relations, Lejeune Mbella Mbella and Dr. Hans Friederich, INBAR Director General, representing his organisation, signed the agreement at the Cameroon Embassy in China.

As a reminder, in March 2018, the President of the Republic... Read more

EPA : Business persons enjoy tariff reductions

• Posted on 2018-08-16

Two years after its entry into force on 14 August 2016, the Cameroon-European Union Bilateral Economic Partnership Agreement (EPA) is yielding benefits.  Some 319 importers enjoyed substantial tariff reductions by 30 June of this year. All in all, goods worth 145 billion CFAF were imported with a tax gain of 4 billion CFAF. The Cameroon-based Louis Dreyfus Company, which specialises in the sale of agricultural chemicals, topped the list of importers after carrying out some 163 transactions... Read more