AGP Executive Report

Oil and Refining: Cameroon’s direct stake in Sonara has risen to 98.09% after recapitalisation diluted TotalEnergies’ share to 0.42%; public shareholders now hold 99.58%. Trade and Logistics: Cameroon, Nigeria and Benin are discussing Afreximbank-backed border upgrades, including linking customs systems and improving roads, power and cargo processing at Mfum–Ekok. No financing or implementation deal has been finalised. Oil Exploration: Cameroon has opened six onshore blocks across three basins, including Zina and Makary, as it seeks investors and higher production. Industrial Expansion: Chinese tilemaker Keda is adding a third production line at Kribi, targeting a 67% capacity increase, while Prometal and ProAlu have secured CFA80.6 billion in financing for expansion and operations. Transport Infrastructure: Cameroon signed CFA139.2 billion in financing for the Douala–Bafoussam road, part of a major corridor upgrade.

Border Trade: Cameroon, Nigeria and Benin are working with Afreximbank on modernising border corridors, including Mfum–Ekok. Plans include linking customs data systems, harmonising procedures and upgrading infrastructure to speed cargo flows. Oil and Gas: Cameroon has opened six exploration blocks to investors, including Zina and Makary, which return to market after a 12-year halt. Bids are due by May 28, 2027. Refining: The state’s direct stake in Sonara has risen to 98.09% after a recapitalisation, while TotalEnergies Marketing Afrique’s share fell to 0.42%. Local Industry: Municipalities and French partners discussed small-scale power projects to support businesses and agricultural processing; no funding or rollout dates were announced. Transport: Cameroon signed a CFAF 139.2 billion financing agreement for the Douala–Bafoussam road, a key corridor for trade and industry. Agribusiness: A women-led cooperative in Djoum plans a cassava-processing facility for flour, starch and other products, but still needs financing, equipment and transport.

Oil and Gas: Cameroon has opened a six-block licensing round across three basins, including the Zina and Makary blocks in the Far North. Investors have until May 28, 2027, to bid as the country seeks to lift oil production. Refining: The state’s stake in Sonara has risen to 98.09% after recapitalization, diluting TotalEnergies Marketing Afrique’s share to 0.42%. Energy for Industry: Cameroon and France discussed municipal power projects to support businesses and agricultural processing, but announced no funding or rollout dates. Agribusiness: A women-led cooperative in Djoum plans a cassava processing plant for flour, starch and other products aimed at regional markets, though financing and equipment remain hurdles. Transport: Cameroon signed CFA139.2 billion in financing for the Douala–Bafoussam road corridor. Fuel Costs: The government spent CFA57 billion to keep fuel prices stable in September.

Oil & Gas: Cameroon has opened a six-block licensing round across the Rio del Rey, Douala-Kribi/Campo and Logone Birni basins. Bids are due by May 28, 2027; Zina and Makary return to market after 12 years without exploration. Energy Security: Cameroon joined eight other African national oil companies in signing a declaration to deepen cooperation, including on crude and refined-product supply and domestic refining. Sonara: The government’s stake in the national refinery rose to 98.09% after recapitalisation, while TotalEnergies Marketing Afrique’s share fell to 0.42%. Local Power: Municipal leaders and French partners discussed renewable energy and small power plants to support businesses and agricultural processing, but announced no funding or rollout dates. Agro-processing: A women-led cooperative in Djoum plans a cassava-processing facility for regional exports, but still needs finance, equipment and transport. An Indonesian-backed cassava plant is also planned in Cameroon, while Chinese firm Keda has begun a third tile-production line in Kribi.

Oil and Gas: Cameroon raised its stake in Sonara to 98.09% after recapitalization and reopened six oil blocks, including Zina and Makary, where exploration halted in 2014. Bids are due in May 2027; officials say the goal is to double crude output to 100,000 barrels a day. Energy Costs: The government spent CFA57 billion to stabilize fuel prices in September, the finance minister said, warning that continued support could become unsustainable. Infrastructure: Cameroon signed CFAF139.2 billion in financing for the Douala-Bafoussam road corridor. Local Power: Municipal leaders and French partners discussed renewable and small-scale power plants to support businesses and agro-processing, but announced no funding or timeline. Agribusiness: A women-led cassava cooperative in Djoum plans a processing plant for regional exports, but still needs finance, equipment and transport. France also concluded a CFAF1.3 billion program supporting 100 Cameroonian startups, including agro-processors.

Agro-processing: A women-led cooperative in Djoum plans a cassava plant making flour, starch and tapioca for regional export, but needs financing, equipment and transport. Digital finance: dLocal and Western Union have launched remittance payouts to Cameroonian mobile wallets, starting with a live local corridor. Oil and gas: Cameroon’s new six-block licensing round aims to attract investment and double crude output from about 50,000 to 100,000 barrels a day; results are expected in June 2027. Infrastructure: A U.S. firm and financial partner are exploring a $2 billion airport near Douala, while Cameroon has signed a €212.35 million IsDB financing deal for the Douala–Bafoussam road. Industry and finance: Chinese tilemaker Keda has started a third production line in Kribi, targeting a 67% capacity increase. France’s three-year startup program also closed after supporting 100 businesses with funding, equipment and mentoring. Business pressures: Safacam forecasts a 58% profit drop in 2026 despite higher annual sales, while the government spent CFA57 billion to stabilize fuel prices in September.

Oil & Gas: Cameroon has opened a six-block licensing round, aiming to double crude output from about 50,000 to 100,000 barrels a day. It also pledged to publish extractive-sector contracts as it seeks to end its EITI suspension. Public Finance: Fuel price support cost CFA57 billion in September. Safacam, meanwhile, forecasts a 58% drop in 2026 profit despite higher full-year sales. Business Investment: France completed a CFA1.3 billion program supporting 100 Cameroonian startups. U.S. partners are also exploring a proposed $2 billion airport near Douala. Manufacturing & Agriculture: Keda has started a third tile line at Kribi, set to lift annual capacity by 67% to 33.5 million square metres. An Indonesian-Cameroonian partnership is developing a $15 million cassava-processing plant. Infrastructure & Power: Cameroon signed €212.35 million in IsDB financing for the Douala-Bafoussam transport corridor. Delays to the Nachtigal power line are leaving 150 MW of industrial demand unmet.

Oil and Gas: Cameroon’s SNH has opened a six-block licensing round, aiming to double crude output from 50,000 to 100,000 barrels a day; results are expected in June 2027. Transport: The government signed a €212.35 million Islamic Development Bank deal to rehabilitate the Douala–Bafoussam corridor, covering 218 km of highways and 108 km of feeder roads. Manufacturing: Keda has started a third tile-production line in Kribi that will lift annual capacity by nearly 67%, to 33.5 million square metres. Agro-processing: A $15 million Indonesia-Cameroon partnership will build a cassava-processing plant, with completion targeted in two to three years. Power: Socadel has launched CFA44.54 billion in tenders to boost electricity capacity and replenish equipment stocks. Mining: Cameroon is seeking higher gold revenue in 2027, but questions remain over whether communities receive their share of existing proceeds.

Agro-processing: Cameroonian firm Nego-Titans and Indonesia’s PT Asindo Tech are developing a US$15 million cassava plant, with completion targeted in two to three years and tapioca production planned. Manufacturing: Keda has begun building a third tile line at its Kribi factory, lifting annual capacity by nearly 67% to 33.5 million square metres for Cameroon and regional markets. Transport: Cameroon secured US$238 million from the Islamic Development Bank to upgrade the Douala–Bafoussam corridor, including 218 kilometres of highways and 108 kilometres of feeder roads. Digital infrastructure: CAMTEL and SIC will bring fibre internet to public housing, starting with about 40 households and potentially reaching more than 30,000 clients. Extractives: SNH has opened a bid round for six oil exploration blocks as Cameroon seeks fresh investment while pressing to resolve concerns behind its EITI suspension.

Agro-Industry: Indonesian and Cameroonian firms have agreed on a US$15 million cassava-processing plant, targeted for completion in two to three years, to produce tapioca and transfer technology. The Indonesian Embassy is also targeting US$19.5 million in deals at Trade Expo Indonesia 2026. Transport: Cameroon secured a €212.35 million Islamic Development Bank loan to rehabilitate 218 kilometres of the Douala–Bafoussam highway and 108 kilometres of feeder roads, improving links between the port, farms and western markets. Oil and Gas: SNH has opened six exploration blocks to investors as the government seeks to lift Cameroon’s EITI suspension; transparency concerns could weigh on investor interest. Public Investment: The 2027 budget circular targets at least 30% of the state budget for investment, while prioritising unfinished projects and overdue payments over new starts. Timber: The government plans to extend restrictions on raw-log exports beyond 91 species, reinforcing its push for local wood processing. Forests: Global deforestation fell in 2025, but Congo Basin losses continued to rise, threatening the region’s forests and sustainable development.

Oil and Gas: SNH has opened a 2026 bid round offering six exploration blocks across three basins, with bids due by May 28, 2027. Cameroon is also seeking to lift its EITI suspension, a transparency concern that could weigh on investor confidence. Power: State utility Socadel has launched six tenders worth CFA44.54 billion, including plans for 10 MW of new thermal capacity in the north and equipment for its distribution network. Transport: Cameroon signed a €212.35 million IsDB loan to rehabilitate the 219-km Douala–Bafoussam road and 108 km of feeder roads, improving links between the commercial hub and agricultural markets. Forestry: The government plans to add more timber species to its raw-log export ban to encourage local processing; the scope and timing remain unspecified. Mining: Oriole Resources is negotiating a permit for its Bibemi gold project, which carries an initial investment estimate of about $60 million.

Transport: Cameroon and the Islamic Development Bank signed a €212.35 million agreement to rehabilitate the Douala–Bafoussam corridor, including 218 kilometres of national roads and 108 kilometres of feeder roads, easing freight movement to Douala Port. Maritime Security: US boatbuilder Metal Shark won a Coast Guard-backed contract to supply Cameroon with a patrol boat, spare parts, a trailer and crew training. Industrial Investment: Financing announced for Prometal and ProAlu has reached about CFA80.6 billion, combining a new working-capital facility for Prometal with loans for ProAlu’s industrial complex. Agribusiness: Banana exports rose 21.5% to 194,273 tonnes in the first nine months of 2026, though leading exporter PHP remains loss-making. Cameroon is also promoting cocoa and coffee investment at a global food forum in Rome. Affordable Housing: A new proposal targets 20,000 homes built with local materials and industrial methods; funding and timelines have not been disclosed.

Transport: Cameroon and the Islamic Development Bank signed a €212.35 million deal to rehabilitate the Douala–Bafoussam corridor, including 218 km of main roads and 108 km of feeder roads, to cut transport costs and improve access to markets. Agribusiness: Cameroon is pitching cocoa and coffee investment at a global food forum in Rome. Banana exports rose 21.5% to 194,273 tonnes in January–September, although leading exporter PHP remains loss-making. Manufacturing: Prometal and ProAlu have secured about CFA80.6 billion in announced financing for industrial expansion and operations; the facilities cover separate projects and borrowers. Housing: A new proposal targets 20,000 affordable homes built with local materials and industrial methods, but funding and timelines remain unclear. Rubber: Hainan Rubber is developing a recovery plan after its Cameroon subsidiaries posted combined losses of CFA43.2 billion over 2024–25, despite higher revenue. Extractives: Cameroon is seeking to lift its EITI suspension, pledging stronger civil-society participation and plans to publish petroleum contracts and financial data.

Energy Supply: Cameroon’s energy minister inspected more than 18 Yaounde fuel stations and gas plants, ordering faster kerosene restocking and checking fire-safety measures amid supply gaps. Electric Mobility: China’s Jinguan Electric signed a contract worth up to $296 million to build 50 solar, storage and charging stations across Africa; mobility partner Spiro operates in Cameroon and plans wider expansion. Trade and Transport: Cameroon has launched a tender to rebuild 167 km of the Douala–Yaounde trade route, while a separate $407 million loan will support the Douala–Bangui corridor upgrade. Ports: Kribi plans a CFA50 billion agricultural terminal, but 80% of the funding is still to be raised. The port is also investing CFA21.5 billion to expand container capacity by 30%. Agriculture: Banana exports rose 21.5%, though market leader PHP faces profitability pressure. Industrial Power: Delays to the Nachtigal power line are leaving 150 MW of industrial demand unmet.

Clean Energy: Jinguan Electric says its subsidiary has won a framework deal worth up to $296 million to build 50 solar-storage and EV-charging stations across Africa. Spiro Mobility, which operates in Cameroon, is the client; construction timelines and costs will be set project by project. Fuel Supply: Cameroon’s energy minister inspected more than 18 Yaoundé fuel stations and plants to check supply and safety. At one site, staff reported no kerosene since September 24, prompting orders to speed up replenishment. Transport: Cameroon has opened a tender to rebuild 167 km of the Yaoundé–Edéa road, a key freight route linking Douala with the Central African Republic. Work is expected to take 30 months. Power: Delays to Nachtigal’s second transmission corridor are leaving an estimated 150 MW of industrial demand unmet. The government now targets completion in November. Port Investment: Kribi plans a CFA50 billion agricultural terminal, but CFA40 billion in financing remains to be raised; construction is scheduled to start in 2027. Agriculture: Banana exports rose 21.5% in the first nine months of 2026 to 194,273 tonnes, though leading exporter PHP faces continued profitability challenges.

Fuel Supply: Energy Minister Gaston Eloundou Essomba inspected more than 18 Yaoundé stations and gas plants amid supply disruptions, pressing operators to restore kerosene availability and enforce fire-safety measures. Transport: Cameroon opened a tender to rebuild 167 km of the Yaoundé–Edéa road, a key freight link toward Douala and the Central African Republic. The three contracts each have a 30-month timeline. Industrial Power: Delays to Nachtigal’s second transmission corridor are leaving an estimated 150 MW of industrial demand unmet; the government now expects key works to be energized in November. Kribi Port: A proposed CFA50 billion agricultural terminal could boost agro-industrial logistics, but CFA40 billion in financing remains to be secured. Construction is planned for 2027. Agriculture: Banana exports rose 21.5% year-on-year to 194,273 tonnes through September, though market leader PHP’s recent losses raise questions about profitability. Cameroon is also exploring a dedicated financing window for cocoa and coffee projects.