CAMAGROB, a cooperative managing approximately 1,500 cocoa producers in the Mbam and Kim Division in the Central Region of Cameroon, has just purchased a cargo of inputs worth FCFA 40 million.
Out of the amount which was used to make the purchase, FCFA 25 million was obtained through a loan granted by Advans Cameroon, a network of microfinance establishments supported by Société Générale, which is specialised in the financing of very small enterprises. The remaining FCFA 15 million was provided by a partner (probably an exporter) whose name was not revealed.
In 2015, CAMAGROB sold a total volume of 434 tons of cocoa. This success attracted partnerships with financial institutions and local traders.
Tianyuan Constructions Group Ltd, a Chinese company, has been awarded a FCFA 2.6 billion contract for the development and electrification of the Ngoye beach in Kribi. The project will last for a period of eight and a half months.
This project will be undertaken as part of the Competitive Value Chains Project (PCFC), led by the Competitiveness Committee, of which the Ministry of Economy is in charge.
The development of the Ngoye beach is, until now, the high point of PCFC in the ecotourism sector.
The PCFC also scheduled actions such as “the development of the ecotourism area around the city of Buea and the development of gorilla tourism in the Campo Ma’an
MTN-Cameroon has suspended the numbers of 120,000 subscribers for failing to identify themselves on time. This was done after MTN Cameroon had carried out a systematic identification of its subscribers, through media campaigns, registration with street agents or its sales points.
This was in accordance with the decision by the Telecommunications Regulatory Agency (ART) in April, asking mobile phone operators in the country to disable all numbers with false identifications.
According to ART, 77 percent of active mobile subscribers are currently identified in Cameroon out of 15 million subscribers. Due to the identification exercise launched since December, 2015, over 5,000 numbers (2.31 percent) were found unclaimed, 800 (10 percent) with doubtful identification, 250 (12 percent) assets without any identification.
According to Jeune Afrique, the National Hydrocarbons Corporation (SNH) is positioned as the best Cameroonian company in 2015, ahead of the National Refining Company (SONARA). It is also ranked first in Central Africa, despite the crisis in the oil sector.
In the latest ranking of 500 companies that had been done by the weekly Jeune Afrique, SNH was behind SONARA. In the new classification, SNH takes the place that had been taken from her by SONARA
“At the continental level, this giant of Cameroon’s economy is ranked 64th out of 70 companies (including 40 in Cameroon) identified in this area with a turnover of about FCFA 859 billion,” writes Mutations.
On her part, SONARA is ranked 102 out of 500 firms nationally, ahead of Société Anonyme des Brasseries du Cameroon (SABC). Total Cameroon, with FCFA 333,547 billion, is in 4th place and 238th in Africa. MTN and Orange, the phone companies are respectively the 4th and 5th locally. Eneo is in 6th out of the most successful companies in Cameroon with a turnover of about FCFA 297 billion.