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Biya regime budgets CFAF400 million for rural cooperatives GICs
Lawmakers on the Finance Committee of Cameroon’s National Assembly recently questioned the Minister of Economy, Planning, and Regional Development, Alamine Ousmane Mey, about government support for Common Initiative Groups (GICs), which are rural cooperatives. According to the committee’s report, the minister revealed that “amounts ranging between 300 and 400 million CFA francs” have been budgeted […]
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London: SONARA wins payments battle
Cameroon’s state-owned oil refinery (SONARA) has won a contractual dispute in the High Court of England and Wales, defeating claims made by a Nigerian oil supply company worth over USD 100 million. Lagos-headquartered oil company Sahara Energy Resource claimed that Société Nationale de Raffinage (Sonara) should pay for interest, penal charges and foreign exchange losses […]
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Telecom regulator announces audit of National Fiber Optic Network
The Telecommunications Regulatory Agency (ART) announces that it has received directives from the government to conduct an operational audit of the national fiber optic network. This decision follows a “continuous deterioration in the quality of mobile electronic communication services provided by mobile operators MTN Cameroon, Orange Cameroun, and Camtel to their 2G/3G/4G network subscribers,” the […]
