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In a promising development for the region, the reconstruction of the Babadjou-Bamenda Road is well underway, and the contractor, Bun's, is making significant strides towards meeting the set timeframe. The 17 km-long Babadjou-Matazem section, entrusted to Bun's, is currently at an impressive 85% completion as of December 17, 2023.
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People applying for visas to visit Europe’s Schengen area will soon do so via an online platform, under a change adopted by EU foreign ministers on Monday (13 November).
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After expanding its services to Nigeria, Kenya, and Benin, Starlink is targeting around thirty African countries facing challenges in accessing a reliable network, including Cameroon.
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With 37 million accounts by 2022, Mobile Money now stands out as a significant competitor to traditional banks in terms of financial transactions in the CEMAC zone. According to the recently published Beac report on payment services in the CEMAC region in 2022, "the most widely used payment instrument is the instant transfer of electronic money".
The document indicated that over 96% of transactions (2.3 billion operations) in the CEMAC zone during 2022 were carried out via Mobile Money, compared to only 2% (48.3 million operations) using traditional bank transfers and cards. However, despite the boom in financial services via mobile platforms, it should be noted that mobile money is mainly favored for small-value transactions carried out by economic agents. Transactions with the highest value continue to be dominated by traditional banks, Beac specified. "In value, conventional bank transfers come in first place with 44% of transactions, totaling CFA48,573 billion, followed by instant transfers of electronic money used in 21% of transactions (CFA23,332 billion). Transfers (across all categories) represent 65% of the total transaction value in the zone”.
As per the central bank's records, in 2022, the CEMAC region counted 498 payment service providers. Within the reviewed period, a total of 2.4 billion transactions were conducted, exceeding a total amount of CFA107,126 billion.
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(Business in Cameroon) - The Cameroonian government is deploying new measures to severely crack down on people delivering fake roadworthiness certificates in the country. As part of this new initiative, the minister of transport, Jean Ernest Ngallé Bibéhé Massena (pictured), announced the launch of an online platform to verify the authenticity of already delivered certificates.
"This platform accessible via the link www.mintct.cm will allow road inspectors, insurance companies and anyone wishing to, to verify whether a certificate is valid or not,” the official explained. It is part of the reform set up by the government to secure the technical control of vehicles and strengthen the fight against road accidents related to the poor condition of vehicles. Official stats show that 20% of road accidents in the country are caused by poor car conditions.
As a reminder, the government introduced a more secure certificate in 2020. But malicious people still find ways to make fake versions. Hence the new crackdown.
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Technology Article Count: 102
Tech: Stay Updated and Informed with the Latest News and Trends
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