Economy

Illegal Gold Mining Prompts Cameroon to Tighten Mining Sector Oversight

YAOUNDÉ, Cameroon (CNA) Cameroon is stepping up efforts to curb illegal gold mining and strengthen oversight of its mining industry…

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Cameroon, Nigeria, Ghana and Côte d’Ivoire Unite to End Raw Cocoa Exports

Four of Africa’s leading cocoa-producing nations—Nigeria, Ghana, Côte d’Ivoire and Cameroon—have agreed to strengthen cooperation to reduce the export of…

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Tony Elumelu Steps Down as Chairman of UBA Bank

 United Bank for Africa Plc has announced that Mr. Tony O. Elumelu, CFR, Group Chairman of UBA, will retire from…

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Local Tax System: Councils Stripped of Tax Collection Powers in Cameroon

By Synthia Lateu The Government of Cameroon has stripped Councils of their authority to issue and collect local taxes and…

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30 Cameroonian Entrepreneurs Benefit as Tony Elumelu Foundation Unveils 2026 Cohort

For 30 young entrepreneurs across Cameroon, a new chapter has just begun. The Tony Elumelu Foundation (TEF) has unveiled its…

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Iran War: Douala Businesses Feel Impact, Struggle to Restock

By Synthia Lateu Despite unfolding thousands of miles away, the ongoing conflict involving Iran, United States and Isreal is already…

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Banana Prices Soar in Cameroon Despite Record Exports

By Synthia Lateu Banana prices are rising in local markets across Cameroon, even as the country records strong export growth.…

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Cameroon At Risk of Debt Distress, World Bank Warns

Cameroon is among the Sub-Saharan African countries at high risk of debt distress, according to the World Bank’s latest debt…

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Economists Warn of Rising Debt Risks After Cameroon Authorises Fresh Borrowing

By Synthia Lateu Following President Paul Biya’s decree authorising Cameroon to borrow up to 1,650 billion CFA francs to finance…

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GECAM Urges “Government of Action” as Reshuffle Delay, Fuels Uncertainty

By Synthia Lateu The Union of Cameroonian Enterprises (GECAM) has called for a “Government of Action” capable of restoring public…

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