1. Legislation / Regulations
– Publication of the Decree of application of the law instituting the Gas Code
– Publication of the Decree regulating the activity of manufacturing lubricants
– Publication of the Decree on waste oils recycling and regeneration
– Agriculture: Framework agreement between Afriland First Bank and the Investment and Development Project for Agricultural Markets (Pidma) to boost agriculture in Cameroon
– Export in the ECCAS Region: 13 Cameroonian companies have been granted approval to the preferential regime of the Economic Community of Central African States. They can now export their products to 10 countries of ECCAS without customs restrictions
– Publication of the Decision on the composition of the public-private partnership platform (PPPP) in the Cocoa -Coffee sectors
– Improving on SMEs/SMIs capacities: Agreement signed between the Minister of Small and Medium sized Enterprises, Social Economy and Handicrafts and the Indian private group Indo Cameroon Group for the promotion of SMEs / SMIs
– Economic growth: Agreement between the National Assembly and the Employers’ Association (GICAM) to improve on the country’s growth rate
– Harmonization of customs procedures: Cameroon accedes to the International Convention on the Simplification and Harmonization of customs procedures
2. Justice/Litigation
– Common Court of Justice and Arbitration of OHADA (CCJA): In accordance with article 19 of the Rules of procedure of the CCJA, circuit court hearings were held in the courtroom of the Supreme Court of Cameroon from the 4th to 5th of November 2014
3. In Brief
– Doing Business 2015: Two positive points for Cameroon- Increased protection for minority investors and the quality of other services fostering the stability of the business environment (access to electricity, performance of contracts and trade across borders)
– Agriculture: The Chamber of Agriculture announces an International Exhibition on the mechanization of agriculture in Cameroon in 2015
– Raw Materials: Soon an agricultural Stock exchange in Cameroon
– Port Activities: 3 candidates for the logistical management of the Kribi Deep sea port: Necotrans, ICTSI and APMT.
– Oil: Drop in the price of a barrel – Cameroon’s forecast will help to mitigate the consequences of the harsh drop
– Growth: Cameroon is no longer a fragile State -The IMF has classified Cameroon on the list of the seven Sub-Saharan African States that have become resilient based on their macro-economic stability and their serious growth
– Mining: The Mining Federation of Cameroon has made pertinent proposals to the government on industrial exploitation, facilitating the granting of exploitation permits and issue of geological maps
– Central African Energy Plan: The experts have agreed on an implementation plan of a 2014-2030 strategy code named “Strategic Document for the Regional Energy Policy of the Central African Power Pool”
– Mbalam Iron ore project: Funds mobilized for this gigantic mining project
– Gas: The Company Gas of Cameroon (GOC) goes operational
– Ports: Logistics Multinationals scramble for the management of the container terminal of the Kribi Deep Sea port
– Hydro-electricity: Lom Pangar Dam – the operational phase has begun
– Financial rating: Some state-owned companies will soon be rated by the financial rating agency, Bloomfield Investment
– Projects Financing: The State in search of 150 Billion CFA francs. Official launch of the operation named “EMR 5.50% net 2014-2019”