Cameroon | 2019.04.29
New Petroleum Code
The long-waited Cameroonian Petroleum Code (Law No. 2019/008) was enacted on April 25, 2019. Significantly wider in scope than its 1999 predecessor, the new Code triggers a comprehensive revamping of the previous statutory regime. However, some of the principles and standards defined therein require further elaboration in future regulations.
Cameroon | 2018.07.18
NEW PUBLIC PROCUREMENT FRAMEWORK
A new Public Contracts Code was signed into law by President Paul Biya, through Decree No. 2018/366 of 20 June 2018, reaffirming the decisive role of the Delegate Minister to the President for Public Procurement, Abba Sadou, with the power to appoint the heads of the award commissions, strengthening the powers of the Contracting Authorities and a reinforcing the provisions on transparency and ethics, toughening sanctions against corruption and other fraudulent behavior, notably anti-competitive collusive practices by bidders.
Cameroon | 2018.01.22
LICENSING ROUND FOR EIGHT OIL & GAS BLOCKS IN CAMEROON
The National Hydrocarbons Corporation (SNH) of Cameroon has recently announced the terms of reference for the Licensing of eight (8) oil & gas blocks: BOMANA, BOLONGO and BAKASSI in the hydrocarbons’ rich Rio del Rey (RDR) Basin, and ETINDE EXPLORATION, NTEM, ELOMBO, TILAPIA and KOMBE/NSEPE in the highly prospective Douala/Kribi-Campo (DKC) Basin.
Cameroon | 2017.02.02
NEW MINING CODE ENACTED
With the recent release of Law No. 2016/017, of 14 December 2016, Cameroon enacted a new Mining Code.
Cameroon | 2017.01.19
FINANCE LAW FOR 2017
The Cameroonian Finance Law for 2017 (Law No. 2016/018) was enacted on 14 December 2016. The main measures, effective 1 January 2017, include the following...
Cameroon | 2016.01.22
FINANCE LAW FOR 2016
The Finance Law for 2016 (Law n° 2015/019) was passed on 21 December 2015 and entered into force on 1 January 2016.