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Sundance's Cameroon Iron Ore Project to Cost $4.6 Billion |
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Written by Joel Scanlon
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Friday, 08 April 2011 10:00 |
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Sundance Resources announced that developing its Mbalam iron ore project would cost $4.6 billion to develop. The project in central West Africa needs infrastructure and the completion of a definitive feasibility study for the initial stage of the project.
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Weak growth feeds poverty in Cameroon: WB |
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Written by Eugene N Nforngwa
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Wednesday, 09 February 2011 17:36 |
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By Eugene N. Nforngwa
The Standard Tribune
Weak economic growth will make it hard for Cameroon to reduce poverty, says a World Bank expert, after a new forecast showed that the economy would expand well below the sub-Sahara Africa average at 4 percent this year.
“Poor infrastructure, an unfavourable business environment, and weak governance hamper economic activity and make it difficult to reach the growth rates needed to reduce poverty in a sustainable manner,” says Raju Jan Singh, Lead Economist at the World Bank country office in Yaounde.
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AES Sonel to Refund Overbilled Clients |
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Written by Jane Eyong
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Wednesday, 09 February 2011 17:33 |
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Close to 100,000 electricity consumers will receive over CFA2 billion in refunds after the government agreed to write off hikes that were billed to customers in April 2010, the electricity corporation AES Sonel has said.
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Britain to Boost Economic Partnership with Africa |
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Written by BHC
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Friday, 17 December 2010 12:13 |
The UK’s Minister for Africa Henry Bellingham has emphasised the UK's desire to build an economic partnership with Africa.
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Cameroon gives S. Korean firm go-ahead for diamond mine |
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Written by The Standard Tribune
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Friday, 17 December 2010 12:00 |
Cameroon has approved the application of a South Korean company to mine diamonds in the East region, according to ministry of mines and Korean government sources.
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Cameroon takes $743 mln China loan for water project |
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Written by Reuters
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Thursday, 16 December 2010 09:09 |
YAOUNDE (Reuters) - Cameroon secured a 366 billion CFA franc loan from the Export-Import Bank of China to fund a water distribution project, the government said on Wednesday.
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