AGP Executive Report
Last update: 3 hours agoBorder Modernisation: Nigeria and Cameroon have launched the Mfum-Ekok Border Modernisation Initiative, starting joint checks at the Ekok–Mfum One-Stop Border Post to cut trade bottlenecks and support AfCFTA. Power Access Drive: Cameroon is seeking financing to connect eight million more people to electricity by 2030, with World Bank talks following a visit to the Nachtigal hydropower plant and focus on transmission, distribution and loss reduction. Youth Enterprise Funding: A CFAF 5.5bn business plan competition is open for 1,000 youth-owned firms across six cities, offering financing plus training and post-funding support under a World Bank-backed project. Urban Planning & Housing: UN-Habitat and Cameroon’s National Assembly agreed a roadmap to curb unplanned urban sprawl, while MPs also set up a committee to expand and modernize the Hôtel des Députés in Yaoundé. Logistics Infrastructure: The National Shippers’ Council plans a 10-hectare logistics hub in Kyé-Ossi to support truck parking and cross-border trade with Gabon and Equatorial Guinea. Mining Investment: Aeternum is preparing a conditional $10m investment to gain control of American Renaissance Minerals, tied to securing a new permit for Cameroon’s Nkamouna cobalt project. Cocoa Processing: Cameroon’s cocoa processing fell 13% in 2025-26 as bean supply tightened, ending a brief run above 100,000 tons. Digital Payments & Insurance: COVA and Maviance added auto insurance to the Smobilpay network, enabling motorists to buy or renew coverage through multiservice outlets. Aviation Growth: Ibom Air hit about five million passengers and added an Airbus A220-300A, with plans to expand routes including Douala, Libreville and Malabo. Trade & Industry Outreach: Cameroon plans a December UK economic mission to attract British financing, technology and industrial partnerships in energy, infrastructure, agriculture and agro-industry.
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