Monthly Archives: August 2026

Unity Palace: Why accusations against Ferdinand Ngoh Ngoh are causing a scandal

1, August 2026

Unity Palace: Why accusations against Ferdinand Ngoh Ngoh are causing a scandal 0

A deserter facing an arrest warrant for fraud, the former head of Paul Biya’s military intelligence bureau has broken his silence from Europe. His accusations against the secretary-general of the presidency Ferdinand Ngoh Ngoh are rocking Yaoundé.

Accusations from exile

The former intelligence chief, who is currently characterized as a deserter and is facing an arrest warrant for fraud, has used his position in Europe to target one of the most powerful figures in the Cameroonian government.

His claims against Ngoh Ngoh have triggered a political scandal in Yaoundé, as they come from an individual who once held a high-level security role within the presidency’s inner circle.

Context of the dispute

The situation is complicated by the legal status of the accuser. Having left the country, he now faces official warrants related to fraud allegations, while simultaneously attempting to challenge the reputation of the Secretary-General.

The intensity of the reaction in the capital suggests that the claims have hit a sensitive nerve within the administration of President Paul Biya.

Implications for the presidency

The scandal highlights internal frictions within Cameroon’s top security and administrative apparatus. Because the accusations originate from a former military intelligence lead, they carry a weight that typically causes significant disruption within the halls of power in Yaoundé.

As the situation develops, the presidency has yet to provide a formal response to the specific claims made from Europe.

Source: Businessselitesafrica

Biya’s Health: CPDM political bureau must act before uncertainty becomes crisis

1, August 2026

Biya’s Health: CPDM political bureau must act before uncertainty becomes crisis 0

Speculation surrounding President Paul Biya’s condition and political future has once again exposed a fundamental weakness in Cameroon’s governance: the absence of a clear and credible transition strategy. Whether the rumor proves true or false is ultimately secondary to the larger issue. A nation of millions cannot afford to have its future held hostage by uncertainty.

The responsibility now rests squarely with the Political Bureau of the Cameroon People’s Democratic Movement (CPDM). As the governing party and the country’s dominant political force for decades, it has both the authority and the obligation to reassure citizens that the state remains stable, functional and prepared for every eventuality.

An emergency session of the Political Bureau should be convened without delay. Such a meeting would not be an admission of crisis; rather, it would demonstrate responsible leadership and institutional maturity. Every enduring political organization must be capable of managing succession in an orderly and transparent manner.

Cameroon stands at a defining moment. The country’s economic challenges, security concerns and aspirations of its youthful population demand leadership that is present, energetic and capable of engaging directly with the realities of the day. Prolonged ambiguity serves no one. It fuels speculation, unsettles investors, weakens public confidence and creates unnecessary political tension.

The CPDM Political Bureau should use an emergency session to chart a clear path forward by identifying and endorsing a new leader capable of uniting the party and presenting a compelling vision for the nation’s future. Such a decision should be guided by competence, integrity, experience and a commitment to national cohesion rather than factional interests.

This is not merely about preserving the fortunes of the CPDM. It is about protecting the stability of the Republic. History has shown that countries fare best when leadership transitions are managed through strong institutions rather than uncertainty and rumor.

Cameroonians deserve clarity. They deserve confidence that their institutions are prepared for tomorrow regardless of today’s speculation. The ruling party has an opportunity to demonstrate that it places the nation’s interests above political hesitation.

The time for silence has passed. The time for decisive, responsible leadership is now. The CPDM Political Bureau should convene an emergency session immediately and provide the country with a clear, credible roadmap for the future through the selection of a new national chairman.

By Soter Tarh Agbaw-Ebai

CPDM Crime Syndicate: 3 state-owned companies account for 93% of public enterprise debt

1, August 2026

CPDM Crime Syndicate: 3 state-owned companies account for 93% of public enterprise debt 0

Three state-owned companies—SONARA, Camair-Co, and CAMTEL—account for nearly all of the direct domestic debt currently reported for Cameroon’s public enterprises, underscoring how a handful of companies dominate the government’s commercial-sector debt exposure.

According to data from the Autonomous Sinking Fund (CAA) analyzed by Investir au Cameroun, the three companies carried a combined CFA297.3 billion ($510 million) in direct domestic debt as of the end of June 2026, representing 93% of the CFA319.6 billion outstanding across public enterprises and establishments.

The figure does not include floating debt or the liabilities of the Cameroon Electricity Company (Socadel), which are still being assessed.

The reported debt stock was unchanged from May. However, it declined by 0.8% over three months and by 8.3% year over year. These changes apply only to direct domestic debt contracted by public entities and exclude other categories of liabilities tracked separately by the CAA.

SONARA Alone Represents Nearly 60% of the Total

With CFA191.3 billion in outstanding debt, the National Refining Company (SONARA) remains by far the country’s most indebted public enterprise in this category, accounting for 59.9% of the total portfolio.

The CAA breaks down SONARA’s debt into CFA162.4 billion in bank loans and CFA28.8 billion owed to suppliers. The rounded figures add up to CFA191.2 billion, leaving a CFA100 million difference from the published total, likely due to rounding in the report.

Despite remaining the largest debtor, SONARA has reduced its outstanding debt by CFA8.2 billion since December 2025, when it stood at CFA199.5 billion. The 4.1% decline comes as the company continues to seek financing for the rehabilitation of its refinery, whose operations were halted after a fire in May 2019.

Camair-Co ranks second with CFA62.4 billion, equal to 19.5% of the reported debt stock. Its outstanding debt has remained unchanged since December 2025.

CAMTEL completes the top three with CFA43.6 billion, or 13.6% of the total. The state-owned telecommunications operator reduced its domestic debt by CFA5.9 billion, or 11.9%, compared with the CFA49.5 billion recorded at the end of June 2025.

All other public entities combined account for just CFA22.3 billion, or 7% of the portfolio. The Cameroon Development Corporation carries CFA9.4 billion in debt, followed by FEICOM with CFA7.6 billion, Camwater with CFA5.2 billion, and the Port Authority of Douala with CFA100 million.

Floating Debt Adds Another CFA156.5 Billion

The 93% concentration does not include the floating debt of public enterprises, which the CAA tracks separately.

That category totaled CFA156.5 billion at the end of June 2026, down 19.5% from a year earlier.

Tax and customs obligations make up the largest share at 68.6%, or about CFA107.4 billion. Commercial debt accounts for 21.3%, or CFA33.3 billion. Academic debt represents about CFA13 billion, or 8.3% of the total, while social security obligations amount to CFA2.8 billion, or 1.8%.

The breakdown shows that the liabilities of public enterprises extend beyond bank borrowing and supplier debt to include unpaid taxes, customs duties, social contributions, and other obligations accumulated through day-to-day operations.

Socadel Could Significantly Change the Debt Picture

The CAA notes that the CFA319.6 billion reported for direct domestic debt does not yet include the liabilities of Socadel, created following the renationalization of former power utility Eneo.

The assessment of those liabilities is still underway, based on a preliminary estimate of roughly CFA800 billion.

Taken on its own, that indicative amount is about two and a half times larger than the entire direct domestic debt currently reported for public enterprises. However, it cannot be added directly to the CFA319.6 billion until the CAA finalizes the assessment and determines how the liabilities should be classified, including bank debt, supplier obligations, tax liabilities, social contributions, and any overlapping claims involving other public entities.

As a result, while SONARA, Camair-Co, and CAMTEL currently account for 93% of the direct domestic debt officially reported by the CAA, that concentration reflects only the published portfolio. Once Socadel’s liabilities are incorporated, the financial profile of Cameroon’s state-owned commercial sector could change substantially.

Source: Business in Cameroon

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