AGP Executive Report
Last update: 2 hours agoSugar Industry: French billionaire Pierre Castel’s Somdia is close to selling its 82% stake in Sosucam to a Cameroonian consortium, which has outlined a €210 million investment plan. Logistics: FedEx and local partner Globex will set a framework and timetable for a proposed warehouse at Douala airport, where cargo volumes rose 30% from 2018 to 2024. Oil & Gas: SNH and Murphy Oil signed four offshore production-sharing contracts, with $200 million in commitments covering more than 10,500 square kilometres. Agribusiness: Cameroon says a first 17-ton coffee shipment is headed to China under a zero-tariff deal, though shipping details remain unconfirmed; chilli producers are also planning an association to help meet Chinese market standards. Food Production: Cameroon discussed dairy technology transfers with German partners as milk imports cost CFAF32.8 billion in 2025. Olam Agri plans a 300,000-tonne poultry-feed facility by early 2028. Exports: Cameroon’s banana exports rose 21.6% to 218,901 tonnes.
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