AGP Executive Report
Last update: 11 hours agoCocoa Processing: Blaise Kengne takes charge of Barry Callebaut’s Cameroon operations as SIC Cacaos’ bean purchases fall 14% to 40,012 tonnes; processors’ combined volumes dropped 13%. Consumer Goods: Mineral-water producer SEMC’s first-half profit plunged 84% to CFA105.7 million, while sales slipped just 2.2%, as maintenance costs squeezed margins. Investment: Cameroon is discussing financing and investment opportunities with Bank of America-led investors, including in agriculture, energy and mining. Tradex has also opened its first DR Congo fuel station, a $2.1 million investment that launches its expansion there. Agriculture: Cameroon’s AgriConnect plan aims to expand farm, livestock and fisheries production, while a CFA1.12 trillion investment programme targets a 28% cut in food imports by 2030. Power Sector: Globeleq’s unpaid electricity bills in Cameroon rose 38% to CFA147 billion, adding pressure to a sector vital to industry.
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