Cameroon Business Opportunity: Cameroon To Render Industrial Zones Accessible to Attract Investors. Cameroon’s Prime Minister Philemon Yang has instructed the Minister of Economy, Planning and Regional Development, Louis Paul Motaze to collaborate with other stakeholders in the road sector to construct more roads and render the country’s industrial zones and sites of giant projects, more accessible in order to attract potential investors.
Cameroon Raises FCFA 8 Billion in Treasury Bonds. The government of Cameroon has raised FCFA 8 billion in treasury bonds within the first phase of the operation launched on November 17, 2011.
Korea Re-opens Trade Centre in Douala, Cameroon. South Korea on Thursday, November 10, 2011 re-opened its Trade Centre in Cameroon’s economic port capital city, Douala. It was closed down 19 years ago due to economic crisis that hit Korea. The centre is a branch of the Korea Trade-Investment Promotion Agency (KOTRA).
Tri-national Sangha Foundation – FCFA 13 Billion Budgeted For National Parks of Congo Basin. The Tri-national Sangha Foundation, created to contribute in sustainable financing of activities of the Lobeke National Park in Cameroon, Dzanga Sangha in the Central African Republic and Nouabale-Ndoki in the Republic of Congo, all in the Congo Basin, will spend FCFA 13 billion to improve the management and surveillance of the three national parks.
Cameroon Economy: Central African Zone To Witness 4.8 Percent Growth. The Central African Economic and Monetary Community (CEMAC) zone is expected to reach 4.8 percent growth in 2011, compared to 4 percent in 2010, the Governor of the Bank of Central African States (BEAC), Lucas Abaga Nchama said in Cameroon’s capital city, Yaounde on Friday, October 28, 2011
Cameroon Banks- Seven Banks in Cameroon Classified Among 200 Best in Africa. The international news magazine, Jeune Afrique in its 28th special issue, has published a classification of banks in Africa with seven of Cameroon’s banks on the list.
Sustainable Waste Management – Cameroon Targets 100 MW of Energy From Household Waste. Sustainable Waste Management – Cameroon and the Spanish investors from the PIA Energy JVC Group, have signed an agreement for feasibility studies for a project that will produce 100 Megawatts of energy from household and industrial waste collected from Cameroon’s main cities of Yaounde and Douala.
Cameroon World Bank Country Director For Cameroon Outlines New Orientations. The World Bank Country Director for Cameroon, Central African Republic, Equatorial Guinea and Gabon, Gregor Hans Binkert, says the institution’s new strategy for Africa focuses on job-creating initiatives like agricultural competitiveness, telecommunications and transport infrastructure as well as assistance to growth-boosting sectors like wood and tourism industries.
Cameroon, UNITAID Propose Taxes on Financial Transactions. Cameroon and UNITAID, an innovative financing facility for global health, want taxes engaged by France and Germany on financial transactions to be quickly adopted by countries of the world in order to raise funds to finance access to medication for people of developing countries.
Cameroon’s Cocoa production has registered an increase of more than two times in June, the board announced in an official statement.