AGP Executive Report
Last update: 7 hours agoOil Investment: Cameroon has opened six exploration blocks across the Rio del Rey, Douala-Kribi/Campo and Logone Birni basins, including Zina and Makary, where exploration stalled for 12 years. Bids are due by May 28, 2027, as the government seeks to attract investors and raise production. Refining: The state’s direct stake in Sonara has risen to 98.09% after a recapitalisation, leaving public shareholders with 99.58% of the refinery. TotalEnergies Marketing Afrique’s share has fallen to 0.42%. Development Finance: The World Bank has approved $5.01 billion for 21 projects in Cameroon, while signed agreements cover 18 active projects worth $4.129 billion; the figures reflect different stages of financing. Mobile Money: Orange Money and MTN MoMo earned CFA21.5 billion in interest on customer funds held in banks, highlighting the growing financial weight of mobile wallets. Public Spending: Cameroon spent CFA57 billion to stabilise fuel prices in September, according to the finance minister.
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