The national refining company Sonara has reached a debt restructuring agreement with Swiss trader Mercuria Energy Trading. The agreement, signed on December 12 in Yaoundé after several months of negotiation and facilitated by the Ministry of Finance (Minfi), involves an amount of CFA20 billion, we learned. Per their agreement, Mercuria Energy Trading authorizes Cameroon to […]
FECAFOOT president, Samuel Eto’o has issued a warning to the other countries participating in the forthcoming 2023 Africa Cup of Nations to be wary of Cameroon. The Indomitable Lions were drawn in Group B alongside Guinea, Senegal, and The Gambia ahead of the competition, which starts on January 14 in Ivory Coast. The former Barcelona […]
Kenya and the European Union on Monday signed a long-negotiated trade agreement to increase the flow of goods between the two markets, as Brussels pursues stronger economic ties with Africa. The Economic Partnership Agreement will give Kenya duty-free and quota-free access to the EU, its biggest export market, while European goods will receive progressive tariff […]
Abdel Fattah al-Sisi has swept to a third, six-year term as Egypt’s president, winning 89.6% of votes in an election in which he faced no serious challengers, the National Election Authority announced on Monday. The election took place as Egypt struggles with a slow-burning economic crisis and tries to manage the risk of spillover from […]
Dóchas, meaning Hope, is a collection of poems about the beauty, suffering and restoration of humanity. The first chapter focuses on the beauty and good things that exist in the world. The second chapter speaks of the suffering that humanity experiences and the third is on the restoration that comes after. The event was a […]
Arsenal legend Ian Wright will step down as a pundit from Match of the Day at the end of the season. Wright, 60, made his debut on the BBC programme as a player in 1997 and, following his retirement in 2000, went on to become a regular pundit in 2002. Wright said the decision “had […]
Cameroon’s largest private sector lobby group, the Cameroon Employers’ Organisation (GICAM) has expressed “deep concern” following a recent court order compelling Afriland First Bank to freeze money held in MTN Cameron’s Mobile Money Pool Account. Célestin Tawamba, President of GICAM, said the decision was taken with no regard to banking regulation in the sub-region and […]
At least three separatist fighters were killed Thursday in operations carried out by armed forces of the government in Cameroon’s English-speaking region of Southwest, according to security and local sources. Troops ambushed and killed a separatist commander alongside two fighters in the Bai Panya locality of the region, a security source in the region said […]
Sanitation and health workers in Cameroon are disinfecting homes to kill bedbugs that have infested the central African state’s capital, Yaounde, and several towns and villages. Government officials say the bloodsucking bugs are imported by travelers from Europe, where some countries are also experiencing infestation. Cameroon residents say they are expecting teams from the central […]
A sharp rise in the price paid for cocoa beans has boosted the incomes of farmers in Cameroon as top global producers Ivory Coast and Ghana suffer a supply shortage this season. Several farmers told Reuters that they have been selling their beans at prices ranging from 2,000 to 2,200 CFA francs ($3.67) per kilogram, […]
