AGP Executive Report
Last update: 21 minutes agoLimbe Deep-Sea Port Talks: Cameroon has opened discussions with Terminal Investment Limited (TIL), linked to MSC, to revive the long-delayed Limbe deep-sea port project, with talks held in Yaoundé on July 15 and no contract yet announced. Gold Revenue Crackdown: The government says it will launch a major operation from August 1 to recover over $500m in unpaid taxes and customs duties tied to undeclared gold exports, targeting 51 companies and 33 sites after a gap between declared output and UAE customs imports. Public Finance Pressure: Cameroon’s Treasury advances are worsening “floating debt,” with unpaid payment arrears at CFA1.026tn by end-March 2026, as the state moves to cut reliance on off-budget spending. Security in the Northwest: A bar shooting in Bali Nyonga (Northwest) killed one and injured two, with separatist fighters blamed; troops have been deployed. Youth Entrepreneurship: Mboa Jeunes Créatifs selected 48 Cameroonian entrepreneurs for incubation in Yaoundé and Douala, focusing on green economy, digital, social enterprises and crafts. Banking Expansion: Afriland First Bank opened in the Central African Republic, becoming the first Cameroonian bank to establish a branch there. Sports Payments: betPawa’s Locker Room Bonus is now operating in Cameroon, paying instant bonuses via mobile money to athletes and staff.
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