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News
Nofia Raises Capital Nearly Sevenfold to CFA8.2 Billion, Exits Regulatory Administration
8+ hour, 9+ min ago (614+ words) Nouvelle Financière Africaine (Nofia SA) has exited provisional administration after a CFA7 billion capital increase strengthened its financial base and brought Cameroon Business and Trade (CBT) SA in as majority shareholder. The Douala-based microfinance institution announced on September 11, 2026, that the Central…...
CEMAC Clears 120 Cameroonian Products for Preferential Trade
3+ day, 18+ hour ago (499+ words) Fourteen Cameroonian companies have secured approval to market 120 additional products under the Central African Economic and Monetary Community’s preferential trade regime, expanding their access to the subregional market. Trade Minister Luc Magloire Mbarga Atangana handed over the approvals in Yaoundé…...
Sonara Loses Final UK Appeal Over CFA42.8 Billion Sahara Energy Claim
4+ day, 2+ hour ago (806+ words) Cameroon’s state-owned refinery Sonara has lost its final attempt before the UK Supreme Court to challenge a $76.97 million claim, or about CFA42.8 billion, awarded to Sahara Energy Resource Ltd and Sahara Energy Resource DMCC. On June 29, 2026, the UK’s highest court refused…...
NuRAN???s African Telecom Rollout Faces Funding Pressure After 80% Cash Drop
1+ week, 4+ hour ago (700+ words) Canadian telecom infrastructure company NuRAN Wireless ended the second quarter of 2026 with just C$388,724 in cash, about CFA159 million, an 80% drop in three months that underscores the financing pressure behind its rural mobile network deployments in Cameroon and other African markets....
Minim-Martap Takeover Battle Exposes a Wide Gap Between Bauxite Potential and Funding Reality
1+ week, 6+ day ago (1621+ words) BDO Corporate Finance Australia, appointed by Canyon’s independent board committee, put its preferred value at A$0.32 per share, about CFA130, compared with A2MP’s offer of A$0.05, or roughly CFA20. In Canyon’s formal response to the offer, published August 31, 2026, BDO concluded that the bid…...
Camalco Injects CFA9.85 Billion Into Camrail, Nearly Triples Stake Ahead of Future Bauxite Traffic
2+ week, 5+ day ago (1003+ words) Camalco has injected CFA9.85 billion in cash into Camrail, nearly tripling its stake in the railway operator and giving the company behind the Minim-Martap bauxite project a larger interest in the transport network expected to carry its future mineral exports. The…...
AFG Bank Funding Freeze Deepens Uncertainty Over Minim-Martap Bauxite Project
2+ week, 5+ day ago (1133+ words) Canyon Resources has dropped its target for the first bauxite exports from Cameroon’s Minim-Martap deposit after AFG Bank Cameroon suspended further loan disbursements, adding a new financing hurdle to unresolved logistics that have repeatedly delayed the project. The Australian junior…...
Alios Finance Extends CFA13 Billion Bond Sale as It Seeks 44% More Funding Than in 2025 - Business in Cameroon
2+ week, 5+ day ago (722+ words) Alios Finance Cameroon has extended its CFA13 billion bond offering to Sept. 10, giving the lender more time to secure investors as it seeks to raise 44.4% more than it actually obtained from the Central African regional market last year. The subscription period…...