Economy

Does Cameroon Really Create Thousands of Jobs? The Numbers Behind Government Claims

Cameroon recorded 197,356 new jobs in 2025, according to the National Observatory of Employment and Vocational Training (ONEFOP), as job…

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Cameroon’s Jobs Problem: 87% of Employment Is Informal

Cameroon’s latest comprehensive employment survey found that 86.6% of jobs were in the informal sector. This means that there is…

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Cameroon’s Debt: How Much Has the Country Borrowed in 2026?

Cameroon has continued to raise new financing in 2026 as the government seeks to fund infrastructure projects, meet budget financing…

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Audit Flags Governance, Financial Concerns at Cameroon’s State Oil Company SNH

YAOUNDE, Cameroon — A recent audit has raised serious questions about governance, financial reporting and oversight at Cameroon’s state-owned oil…

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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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