in Short

Cameroon: World Bank supports regional off-grid electricity access

The World Bank's Executive Directors approved, on 11 March 2021, an additional 22.5 million dollars (about 12.3 billion CFA francs), to finance the Regional Off-Grid Electricity Access Project (Rogeap). This envelope, it is learnt, comes in addition to the 217.2 million dollars (119.3 billion FCFA) approved within the framework of...
in Short

Cameroon: Turkish offer for cheap electricity

After their recent meeting with Prime Minister Joseph Dion Ngute in Yaoundé, a delegation from the Turkish electricity company Karpowership, led by its commercial director, Zeynep Harezi, offered to produce electricity at a cost of less than 40 FCFA kWh. Electricity would be produced from a ship off Douala with...
in Short

Cameroon: BDEAC bond loan, oversubscribed

The bond loan by public offering, issued by the BDEAC (Development Bank of Central African States, from December 21 to 29, 2020, was 107% oversubscribed. Of the CFAF 100 billion requested, it received nearly 106.792 billion in. A great success for this operation, arranged by the consortium of brokerage firms,...
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Cameroon BMCE grants FCFA 35 billion loan

The Moroccan Foreign Trade Bank (BMCE) has opened a line of credit to finance the Renovation Project of the National Center for the Rehabilitation of Handicapped Persons Cardinal Paul Emile Léger of Yaoundé (CNRPH), the first phase of which should make it possible to renovate the facilities. technical structures, according...
in Short

Cameroon A new mining company

By decree signed on December 14, President Paul Biya created the Société Nationale des Mines (SONAMINE). It thus replaces CAPAM (Support and Organization of Mining Handicrafts) and will have its head office in Yaoundé....
in Short

Cameroon The creation of the society to manage mines acted

Paul Biya, the Cameroonian president, signed a decree to create the national society of mines or Sonamines. The entity will have for mission to promote the mining sector and manage state interests in this domain. It is important to note that society’s ownership could be opened to public and private...
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