Browsing: Cameroon

Deposits formed the bedrock of the source of funding for assets, notwithstanding impacts associated with the pandemic, DT-Saccos were still able to mobilize deposits at a near similar rate as the growth in their assets’ portfolios.
Gross loans increased by 13.16 per cent in 2020 to Kshs 474.77 B compared to Kshs 419.55 B of 2019.
Net loans and advances increased markedly by 12.60 per cent to reach Kshs 450.58 B in 2020, compared to Kshs 400.16 B in the previous year.

As the number of people demanding food supply has kept increasing since 2015 from 1.1 million to 2.7 million, Cameroon is striving to keep its farming systems updated and strong. According to the Aid and International Development Forum, 57 per cent of the rural people live in poverty.

Cameroon has more than 28 million people and like the rest of other African nations, it is endowed with rich natural resources, including oil and gas, but more importantly, Cameroon has a wide variety of agricultural products, such as coffee, cotton, cocoa, maize and cassava.

Kenya Tax, costs ‘bigger threat to businesses than COVID-19’ According to a survey by the Central Bank of Kenya (CBK),…

The Board of Directors of the African Development Bank board of directors approved €88 million in loans to Cameroon to finance COVID-19 crisis response.  The loan to Cameroon’s…

Three projects financed by the African Development Bank (AfDB) for US$121.4 million in 2010-2011 are starting to provide Cameroon with…