Cameroon's inflation rate fell to 1.3 percent in the first half of 2016, compared with 3.4 percent over the same period in 2015, the National Institute of Statistics said in a report on Thursday.
The price of cereals slipped 0.3 percent, while that of maize tumbled 9.0 percent.
On the other hand, the prices of alcoholic beverages and tobacco rose by 7.4 percent, and hotel and restaurant services by 4.9 percent.
Since last week, Flooz users, the mobile phone money transfer service owned by the mobile operator Moov Togo, who are equally Ecobank customers, can transfer money from their bank account to their Flooz account and vice versa.. The deal became possible after a partnership agreement signed between Ecobank and Moov Togo on August 4, 2016.
Through this collaboration, Ecobank is strengthened more in the Mobile Money segment in Africa. The banking group is already a partner in the Mobile Banking with larger telecoms groups such as MTN since 2011, Airtel since 2013, and Orange since 2015.
|For over 60 years now, the two countries have moved places in trade and investment, but they could do better. Economic co-operation between Cameroon and the USA dates as far back as 60 years with much to show in terms of mutually-beneficial trade, investment and the improvement of the business climate. Although statistics show that trade between the two countries over the years has been negative for Cameroon, as it imports more than it exports to USA, the exchanges have however been stable.|
Miscellaneous Tariff Reform Bill Approved
On June 10, the Senate approved by unanimous consent H.R. 4923, the American Manufacturing Competitiveness Act of 2016, which will reform the process by which Miscellaneous Tariff Bills (MTBs) are prepared. The bill now goes to the president, who is expected to sign it into law. The Chamber has worked with member companies and coalition partners in recent months to build support for this bill, which should overcome the ideological conflict that has prevented enactment of MTBs since the last one expired on December 31, 2012.
|This is the main information to emerge from the special session of the Monetary Policy Committee meeting held last Wednesday in Yaounde. Members of the Monetary Policy Committee (MPC) of the Bank of Central African States (BEAC) met last Wednesday in Yaounde in special session and reviewed the texts relating to the Central Bank’s monetary policy reform.|
|The Central Africa Economic and Monetary Community (CEMAC) has once more pondered on some of the issues that need to be addressed in order to enhance its development. This year, on the occasion of the eighth edition of what has become known as CEMAC days, which stretched from March 10 through 16, reflections centred on the theme; “Natural Resources: Stakes and Challenges.”|
According to the Nielsen's Africa Prospects Indicators (API), whose 2nd edition of the ranking of African countries most attractive for investments was published on 7 March 2016, Cameroon is the 6th most attractive country on the continent in terms of investments for 2015. This Central African country is slightly behind Côte d'Ivoire, Kenya, Tanzania, du Nigeria and Zambia, who make up the quintet of most attractive countries for investors.