AGP Executive Report
Last update: 7 hours agoTelecoms: MTN reported its strongest quarter of 2026, with service revenue up 17.2% across the group and improving contributions from Cameroon. Power Sector: Cameroon has authorised state utility Socadel to pursue Globeleq’s 56% stakes in the Kribi and Dibamba plants, valued at about CFA80 billion; a deal would give the state full ownership of both facilities. Economic Conditions: The economy grew 1.6% quarter-on-quarter in early 2026, despite public investment falling 27.7%; services and household spending led the recovery. Business Reform: The government and GECAM agreed on 20 proposals to ease tax and financing barriers for informal firms, as Cameroon prepares a 2027–2030 formalisation plan. Industrial Safety: A fire at the Metafrique steel plant killed four people and injured 16, prompting a governor to call for the facility’s shutdown.
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