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4, May 2026

Douala: Fire at Metafrique Steel injures at least 10, halts production ⁰

A fire broke out overnight from April 30 to May 1, 2026, damaging part of the facilities at Metafrique Steel in the Bassa industrial zone in Douala, the company said.

Ten people were injured, according to preliminary figures, including nine Cameroonians and one Indian national.

Some of the injured, who are being treated at Douala General Hospital, remain in critical condition, the hospital’s director, Prof. Henry Luma Namme, said.

The cause of the fire has not yet been determined. Unconfirmed reports say it may have started in the furnace, where metals are melted at temperatures above 1,500 degrees Celsius. Pending the results of an investigation it has launched, the company has temporarily shut down the plant. It has also set up psychological support for employees and their families.

This is not the first incident at the site. In April 2022, a fire damaged raw material stocks without causing any casualties.

A subsidiary of India’s Metafrique group, the company recycles ferrous scrap to produce rebar and other steel products. It has operated in Cameroon for about 15 years and employs nearly 500 people, with annual output of around 36,000 metric tons.

Along with Aciéries du Cameroun, Prometal, Alucam and Proalu, Metafrique Steel is a member of the Organisation camerounaise des industries de transformation des métaux (Ocitram), which groups five major players in the sector. Industry estimates suggest these companies account for nearly 95% of the domestic market, generate about 500 billion CFA francs in annual revenue and employ more than 4,000 people.

In November 2022, Metafrique expanded its operations by acquiring Airgaz Cameroun, a producer of industrial and medical gases. The deal enables it to supply hospitals with oxygen and provide technical gases to industrial clients.

Beyond the injuries, the fire raises fresh concerns about safety at steel plants, where strict compliance with prevention standards is critical. Operations at Metafrique Steel are likely to resume only after the investigation is completed and any required measures are taken.

Source: Business in Cameroon

1, May 2026

Douala partners Huawei to advance digital transformation plans ⁰

During an official visit to China, Douala Mayor Roger Mbassa Ndinè signed a memorandum of understanding with Huawei on April 28, 2026, focused on the digital modernization of Cameroon’s economic capital. The agreement reflects the ambition of the Douala City Council (CUD) to strengthen urban management tools and move toward a “Smart City” model.

At this stage, financial details, implementation timelines, and contractual terms have not been disclosed. The agreement should therefore be distinguished from a finalized contract or a funded program. It instead sets a framework for cooperation between the CUD and the Chinese group across several digital initiatives.

According to a source close to the matter, the planned areas of cooperation include urban surveillance, smart traffic management, modernization of the municipal IT system, digitization of land records, expansion of municipal fiber networks, and remote management of public lighting.

One component would involve equipping the urban monitoring center with supervision and video surveillance tools to support municipal police efforts in managing urban disorder. Another would focus on deploying sensors and traffic monitoring systems on major roads, in a city regularly affected by congestion.

Land management is also a key aspect. The project includes plans to digitize 200,000 land records and introduce a digital ownership certificate. The stated objective is to improve land security and facilitate access to administrative data. However, this component will require clarification on the legal status of such certificates, the authorities responsible for validation, and safeguards for personal data protection.

The agreement also provides for strengthening municipal digital infrastructure. Huawei may support the expansion of the fiber optic network linking administrative buildings and strategic sites across the city. Solutions for remote management of public lighting are also under consideration, with the aim of reducing energy consumption and improving maintenance.

Beyond infrastructure, the agreement includes a training component. Huawei is expected to train engineers and CUD staff in managing digital systems, notably through its Huawei ICT Academy program. The city authority would act as an institutional facilitator and integrator of the selected solutions.

For Douala, the challenge goes beyond acquiring technology. The success of the initiative will depend on the transparency of future agreements, the availability of financing, local maintenance capacity, data protection measures, and the ability to align digital innovation with tangible urban services.

In a fast-growing city facing congestion, land pressure, and rising demand for public services, digital tools could improve urban management. However, the CUD-Huawei agreement will only deliver measurable results if it leads to funded, legally structured, and accountable projects.

Source: Business in Cameroon

29, April 2026

Middle East war to spark biggest energy price surge in 4 years ⁰

Energy prices are projected to surge by 24% this year to their highest level since Russia’s invasion of Ukraine in 2022, as the war in the Middle East sends a severe shock through global commodity markets, according to the World Bank Group’s latest Commodity Markets Outlook. Overall commodity prices are forecast to rise 16% in 2026, driven by soaring energy and fertilizer prices and record-high prices for several key metals.

The shock will have serious implications for job creation and development, the analysis indicates.

Attacks on energy infrastructure and shipping disruptions in the Strait of Hormuz, which handles about 35% of global seaborne crude oil trade, have triggered the largest oil supply shock on record, with an initial reduction in global oil supply of about 10 million barrels per day. Even after moderating from their recent peak, Brent oil prices remained more than 50% higher in mid-April than they were at the start of the year. Brent oil is forecast to average $86 a barrel in 2026, up sharply from $69 a barrel in 2025. These forecasts assume that the most acute disruptions end in May and that shipping through the Strait of Hormuz gradually returns to pre-war levels by late 2026.

“The war is hitting the global economy in cumulative waves: first through higher energy prices, then higher food prices, and finally, higher inflation, which will push up interest rates and make debt even more expensive,” said Indermit Gill, the World Bank Group’s Chief Economist and Senior Vice President for Development Economics. “The poorest people, who spend the highest share of their income on food and fuels, will be hit the hardest, as will developing economies already struggling under heavy debt burdens. All of this is a reminder of a stark truth: war is development in reverse.”

Fertilizer prices are projected to increase by 31% in 2026, driven by a 60% jump in urea prices. Fertilizer affordability will fall to its worst level since 2022, eroding farmers’ incomes and threatening future crop yields. If the conflict proves more prolonged, these pressures on food supply and affordability could push up to 45 million more people into acute food insecurity this year, according to the World Food Programme.

Prices for base metals, including aluminum, copper, and tin, are also expected to reach all-time highs, reflecting strong demand related to industries including data centers, electric vehicles, and renewable energy. Precious metals continue to break price and volatility records, with average prices forecast to increase 42% in 2026, as geopolitical uncertainty fuels demand for safe-haven assets.

Rising commodity prices caused by these shocks will increase inflation and dampen growth worldwide. In developing economies, inflation is now projected to average 5.1% in 2026 under the baseline assumptions—a full percentage point higher than was expected before the war and an increase from 4.7% last year. Growth in developing economies will also deteriorate as higher prices for essentials weigh on incomes and exports from the Middle East face sharp curbs. Developing economies are expected to grow by 3.6% in 2026, a downward revision of 0.4 percentage point since January. Economies directly impacted by conflict will be hardest hit, and 70% of commodity importers and more than 60% of commodity exporters worldwide could see weaker growth than was projected in January.

Commodity prices could rise even higher if hostilities escalate or supply disruptions from the war last longer than projected. Brent oil prices could average as high as $115 a barrel in 2026 in a scenario where critical oil and gas facilities suffer more damage and export volumes are slow to recover. This in turn would have ripple effects on prices for fertilizer and alternative energy sources such as biofuels. Under this scenario, inflation in developing economies could rise to 5.8% this year, a level exceeded only in 2022 over the past decade.

“The succession of shocks over the decade has sharply reduced the fiscal space available to respond to the current historic energy supply crisis,” said Ayhan Kose, the World Bank’s Deputy Chief Economist and Director of the Prospects Group. “Governments must resist the temptation of broad, untargeted fiscal support measures that could distort markets and erode fiscal buffers. Instead, they should focus on rapid, temporary support targeted to the most vulnerable households.”

The report’s special focus finds that oil-price volatility during periods of rising geopolitical risk is roughly twice as high as during calmer periods, with a geopolitically driven 1% decline in oil production pushing prices up by an average of 11.5%. Critically, these effects spill over into other key commodity markets, with an impact roughly 50% larger than under normal market conditions. According to the report, a 10% oil price increase triggered by a geopolitical supply shock leads to natural gas price increases peaking at about 7% and fertilizer price increases peaking at over 5%. These peaks typically occur about a year after the initial oil price shock, with adverse consequences for food security and poverty reduction.

27, April 2026

Cameroon courts Brazilian investors with 10-Year incentives ⁰

Commerce Minister Luc Magloire Mbarga Atangana met a delegation of Brazilian business leaders in Yaounde on Friday, April 24, to discuss plans to establish operations in Cameroon and position the country as a production base for Central Africa.

The delegation, which included representatives of Brazilian groups Trilhas and Adilson, is exploring market entry as Cameroon seeks to attract industrial investment, reduce imports and expand exports. The meeting was attended by Cameroon’s Minister Counsellor at the Embassy in Brazil, Paulin Martial Tchenzette.

The visit comes as Cameroon intensifies South-South economic cooperation and seeks new industrial partnerships capable of reducing imports, increasing domestic production and expanding exports.

Speaking during the audience, Mbarga Atangana said Cameroon wanted partnerships that go beyond trade in finished goods and instead support domestic manufacturing capacity.

“Cameroon does not want to limit itself to the simple exchange of goods or services. Cameroon wants to develop its local capacity to increase production. We want to be able to produce massively in Cameroon rather than import what Brazil produces,” he said.

The minister said Cameroon offered institutional stability, freedom of enterprise and an investment incentives framework designed to support new businesses. He also highlighted the country’s youthful population, natural resources and varied geography as assets for industrial development.

He added that Cameroon accounts for nearly half of Central Africa’s gross domestic product, making it a key commercial gateway for companies targeting the sub-region.

“When you invest in Cameroon, it means you have invested in the whole of Central Africa. And if you produce in Cameroon, you will be able to sell across Africa,” he said.

Access to African and European Markets

Officials also used the meeting to underline the commercial reach available to investors manufacturing in Cameroon. The minister cited the African Continental Free Trade Area, a market of 1.3 billion consumers, as well as Economic Partnership Agreements with the European Union and the United Kingdom. He said those arrangements provide duty-free access for qualifying Cameroonian products into markets representing roughly 500 million additional consumers.

That positioning strengthens Cameroon’s pitch as a production hub where investors can manufacture locally while serving multiple export destinations.

IPA offers 10-year incentives to agri-investors

Earlier the same day, the delegation met officials of the Investment Promotion Agency, IPA, at its Yaounde headquarters to discuss opportunities in livestock, grain and aquaculture. Interim General Manager Boma Donatus said the IPA remained the mandatory first point of contact for foreign direct investment entering Cameroon and could guide investors through establishment procedures.

He outlined a convention signed with the agency granting incentives for up to ten years during both construction and operating phases.

“During this time, your tax rates will be reduced and what you are bringing in will be free from customs duties during the establishment phase,” Boma said.

He confirmed that livestock and grain are classified as strategic sectors under Cameroon’s investment code, giving investors access to targeted support measures.

Boma said Cameroon has 9.6 million hectares of arable land, with only 1.6 million hectares currently in use, pointing to significant room for agricultural expansion. He added that rice, maize and fish remain heavily imported products that could be produced domestically.

“Agriculture is one of the backbones of our economy, not only in growing crops but in transforming coffee, cocoa and all these products which you have in abundance in Cameroon,” he said.

For aquaculture investors, he also identified floating fish cage opportunities on the Wouri River.

More Brazilian firms may follow

The Brazilian delegation was led by Santa Maria General Director Daniella Prudente Vitorino, who said repeated visits to Cameroon had strengthened investor confidence and accelerated project plans.

“Since my first visit, I have received strong support from the agency, from airport reception to helping with formal procedures. That accompaniment gives us confidence and reassures us that we are welcome here,” Vitorino said.

“Each time I return, the projects become more concrete and more solid. After I go back to Brazil, many companies are waiting for my report, and it will be positive,” she added.

Vitorino said she first visited Cameroon in 2023 and has since carried out market and business studies with support from the IPA.

“Today I am here to open my company, my Brazilian branch in Ngaoundere. The official opening will take place on April 30,” she said.

She added that several additional Brazilian companies were already considering visits to Cameroon in November, with interest spanning technology, internet services and other sectors.

With Brazil recognized globally for agribusiness expertise, the partnership could also support Cameroon’s broader strategy of modernizing agriculture while strengthening its role as a supply hub for Central Africa.

Source: Business in Cameroon

23, April 2026

Yaoundé Forum opens door to Latin American Industrial Investment ⁰

Latin American investors are positioning Cameroon as their preferred entry point into the Central African market, with concrete business commitments already emerging from the first edition of the Economic Forum for Import Substitution with Latin American Countries (EFILAC 2026), which opened on April 2026 in Yaoundé.

The forum brings together policymakers, investors and business leaders from both regions to accelerate cooperation in agro-industry, pharmaceuticals and construction materials. Organised by the Ministry of External Relations and the Investment Promotion Agency (IPA), the initiative is designed to strengthen domestic productive capacity while diversifying trade partnerships beyond traditional markets.

The opening session set out the government’s objective of building concrete industrial partnerships capable of producing goods currently imported in large volumes. Officials highlighted technology transfer and shared expertise as central to this strategy, particularly drawing on Latin America’s experience in value addition and agricultural transformation.

According to the Secretary General at the Ministry of External Relations, Oumarou Chinmoun, EFILAC is in line with government policy: that of making Cameroon a land of productive opportunities and essential industrial growth in the heart of Africa.

“We share with nations such as Brazil, Argentina, Uruguay, Colombia and Chile not only similar climatic and agricultural challenges, but above all proven expertise in structural transformation and the development of agricultural value chains,” he said.

Gateway to a 60-million-consumer market

Data presented during the forum indicates that trade between Africa and Latin America currently accounts for less than 2% of global exchanges, pointing to a significant untapped growth margin. Cameroon continues to import agricultural inputs, processed food products and industrial equipment from the region, with estimates placing these flows at around CFA1.5 trillion annually.

Officials said reversing this trend through local production could unlock new industrial capacity while reducing external dependence. The API outlined its role in structuring investment opportunities, positioning itself as a facilitator for Latin American firms seeking entry into Cameroon and the wider Central African market.

“The opportunities for investment are numerous and are driven by growing demand in agro-industry, construction materials, agricultural equipment, industrial packaging, logistics and production technologies,” said Boma Donatus, an API official. “The Cameroon market represents 28 million consumers within a CEMAC space of 60 million inhabitants, with access to more than 12 billion consumers across African markets,” he added.

Parallel to the policy discussions, the forum hosted a first round of business-to-business meetings between Cameroonian and Latin American companies. These sessions are aimed at establishing joint ventures and long-term industrial partnerships, particularly in sectors where import substitution is considered immediately viable.

Latin American investors attending the forum signaled strong interest in Cameroon’s geographic position and resource base. Daniella Prudente Vitorino, Head of Delegation of Latin American investors, said the country’s market fundamentals had influenced investment decisions.

“I came in an economic mission like this and my heart decided to stay here. When I got back in Brazil, my team began to start marketing studies,” she said. “This country has many similarities with Brazil in terms of climate, rainfall levels and food customs, and that made us decide to stay here,” she added.

She also pointed to Cameroon’s role as a regional gateway. “Let’s not forget one important thing, the strategic location of Cameroon for the entire African market. Cameroon’s strategic location is very important to us,” she said.

Sector-specific investments are already emerging. In the livestock and agriculture value chain, investors have identified the Adamawa Region as a priority zone, with new facilities and training programs underway, including initiatives in artificial insemination to improve productivity.

Beyond agriculture, aquaculture has also been identified as a growth area. Helio F. Martins, a Brazilian business leader, highlighted the potential for adapting Latin American technologies to local conditions.

“Cameroon is a land of opportunities, especially in aquaculture. We have a technology within the company that is very well adapted to Cameroon, which has many rivers where we can produce fish,” he said. “We have already imported equipment and created a company with a local partner. This forum will allow us to boost our partnership with Cameroon,” he added.

The forum’s first day concluded with networking events, including a business and cultural gala aimed at strengthening ties between participants. Organizers said the quality of exchanges and level of participation indicate strong prospects for translating discussions into tangible investments.

Source: Business in Cameroon

19, April 2026

US: Trump’s approval rating at historic low amid concerns over economy, Iran war ⁰

A new poll has found that two-thirds of Americans disapprove of President Donald Trump’s handling of inflation as well as the war with Iran, revealing emerging divisions within his Republican support base.

According to an NBC News Decision Desk Poll powered by SurveyMonkey, Trump’s job approval rating has reached a new low, with only 37% of adults expressing approval of his presidency, while 63% disapprove—of which 50% disapprove strongly.

This marks the lowest approval rating recorded during his second term in the history of NBC News Decision Desk polling. Moreover, two-thirds of respondents voiced discontent with Trump’s approach to both inflation and the conflict with Iran.

The decline in Trump’s approval rating has been a consistent trend throughout his second term.

The latest findings show a deterioration in public perception of the president’s performance. Although Trump maintains substantial backing from his base, support among Republicans has waned compared to a prior poll conducted between late January and early February.

Currently, 83% of Republicans view him favorably, a decrease of 4 percentage points from earlier this year. Additionally, the proportion of Republicans who strongly approve of Trump’s job performance has fallen by 6 points, down from 58% to 52%.

Furthermore, a striking one-third of Americans believe the country is headed in the right direction, while two-thirds feel it is on the wrong track—representing the most pessimistic perspective in Decision Desk polling since Trump assumed office again last year.

Source: Presstv

19, April 2026

Douala Port turns to PPP to rebuild its regional trade hub at Boscam ⁰

The Port of Douala has signed a public-private partnership (PPP) with Douala Terre-Port to rehabilitate and modernize the regional terminal at the Boscam quay.

The agreement, concluded on April 10, 2026, involves a total investment of CFA126.3 billion, fully financed by the private partner under a 30-year concession.

According to the port authority, the project includes the rehabilitation of the existing site, the development of a new 20-hectare platform, and, in an optional phase, the construction of a 700-meter quay. The initiative is also expected to generate around 500 direct and indirect jobs.

The Port of Douala estimates a projected return of 12.2% over the concession period, supporting the financial viability of the project.

Located on the left bank of the Wouri River, the Boscam quay was historically dedicated to sub-regional traffic. However, it gradually lost competitiveness from the 1990s due to silting and the accumulation of abandoned vessels. Cleanup operations in recent years have helped restore access to the site.

Through this project, the port aims to revive regional trade by promoting cabotage for goods and passengers between Douala and ports across the CEMAC region.

The initiative is also aligned with the African Continental Free Trade Area (AfCFTA), with the objective of facilitating intra-African trade.

In this context, the port plans to introduce simplified procedures for cargo and vessel clearance once the works are completed, in order to reduce operating costs and processing times.

The modernization of the Boscam quay is part of the port’s broader development master plan through 2050, which aims to strengthen Douala’s competitiveness in regional trade.

Source: Business in Cameroon

18, April 2026

Douala: Pope urges Christians to reject violence at Mass that draws 120,000 people ⁰

Pope Leo called on Cameroonians on Friday to reject violence and be generous with their neighbours ‌during an event billed as the biggest of his four-nation Africa tour, with roughly 120,000 people flocking to a Mass he led in the port city of Douala.

Amid heavy security, some believers had made their way on Thursday to the city’s Japoma Stadium, venue of the Mass, and slept overnight outside on mats to hear Friday’s address from the pontiff, who has become outspoken on war and inequality and has drawn the ire of U.S. President Donald Trump.

By Friday morning, streets near the stadium were lined with crowds singing, dancing and holding umbrellas to shield themselves from the heat.

After arriving in Douala, Cameroon’s largest city and economic hub, by plane from the capital Yaoundé, Leo told the ⁠crowd that many in the country are suffering from “material and spiritual poverty” but he urged believers to reject violence as a means to get ahead, regardless of the hardships they face.

“Do not give in to distrust and discouragement,” the pope said, in an appeal made in English during a speech that was otherwise mostly in French.

“Reject every form of abuse or violence, which deceives by promising easy gains but hardens the heart and makes it insensitive.”

FORCEFUL REMARKS ON AFRICA TOUR

Leo, the first U.S. pope, has debuted a new, forceful speaking style on his Africa tour. In Yaoundé on Thursday, he said the world was “being ravaged by a handful of tyrants”, without naming anybody.

He has also this week decried violations of international law by “neocolonial” world powers and said “the whims of the rich and powerful” threaten peace.

Leo avoided overtly political messages on Friday.

Invoking the miracle of the loaves and fishes recounted in the Gospels, in which Jesus fed thousands with meagre resources, Leo said: “There is bread for everyone if it is given to everyone. There is bread for everyone if it is taken, not with a hand that snatches away, but ‌with a ⁠hand that gives.”

Carine Kemmoue, a medical doctor who attended Friday’s homily, said she saw a clear link between Leo’s message and his past statements critical of the war in Iran.

“I was very moved by the Pope’s message. When, I mean, he stands against positions like those of Donald Trump, for example, he is against violence,” Kemmoue said.

“I think that is normal for a man of God, since the Church promotes peace.”

After returning to Yaoundé on Friday afternoon, Leo met with students and professors at the Catholic University of Central Africa, which educates young people from across the region.

During the event, the pope referred ⁠to “the darker side of the environmental and social devastation caused by the relentless pursuit of raw materials.”

He drew a loud cheer when he said the continent “must be freed from the scourge of corruption.”

‘MOMENT OF JOY’ FOR CAMEROON’S CATHOLICS

Cameroon, a producer of oil and cocoa, faces grave security challenges, including a simmering Anglophone conflict in which thousands of people have been killed since 2017.

The country has been led for more than ⁠four decades by President Paul Biya, the world’s oldest head of state at 93. His re-election last October sparked protests by opponents who say most ordinary Cameroonians have little to show for his rule.

Crowds greeting the pope on his visit to Cameroon have been enthusiastic, lining the streets along his routes and wearing colourful fabrics featuring images of his face.

Bishop Leopold Bayemi Matjei called ⁠Leo’s visit “a moment of great joy” and said he hoped it meant God would bless Cameroon.

“Our country needs a lot of blessing, a powerful blessing, so that hope will come to rise again,” said the bishop, who leads the Church in Obala, about an hour north of Yaoundé.

Friday was Leo’s last full day in Cameroon. He is scheduled to travel to Angola on Saturday.

Source: Reuters

16, April 2026

The Holy Father is in Bamenda to preach a message of peace ⁰

Pope Leo XIV travelled Thursday to the western Cameroonian city of Bamenda to preach a message of peace in the epicenter of a separatist conflict that humanitarian groups have called one of the world’s most neglected crises.

Leo’s Camair charter landed at the Bamenda airport, where jubilant Cameroonians clogged the roads, blowing horns and dancing. They were overjoyed that a pope had come so far to see them and put a global spotlight on the violence that has traumatized this region for nearly a decade.

Leo is to preside over a peace meeting involving a Mankon traditional chief, a Presbyterian moderator, an imam and a Catholic nun. The aim is to highlight the interfaith movement that has been seeking to end the conflict and care for its many traumatized victims.

It wasn’t immediately clear if any of the separatist fighters, who announced a three-day pause in fighting to allow the pope safe passage, would attend.

The pope is also set to celebrate a Mass for the people of Bamenda, near the western border with Nigeria.

Leo arrived in Cameroon on Wednesday on the second leg of his four-nation African trip, the first by the first American pope. In his arrival speech, he demanded the “chains of corruption” in the mineral-rich country be broken and lectured President Paul Biya on the legitimate exercise of authority.

The 93-year-old Biya, the world’s oldest leader, has been in power since 1982 and claims to have won a disputed election last year that gave him an eighth term in office.

The conflict in Cameroon’s two Anglophone regions is rooted in Cameroon’s colonial history, when the country was divided between France and Britain after World War I. English-speaking regions later joined French Cameroon in a 1961 U.N.-backed vote, but separatists say they have since been politically and economically marginalized.

In 2017, English-speaking separatists launched a rebellion with the stated goal of breaking away from the French-speaking majority and establishing an independent state. The conflict has killed more than 6,000 people and displaced over 600,000 others, according to the International Crisis Group.

The separatist movement is believed to be backed by several actors abroad. In December last year, a federal jury in U.S. convicted two individuals for conspiracy to provide funds and equipment to the separatist fighters. Belgian authorities in March also announced they had arrested four people as part of its investigations into Belgian residents suspected of being among the separatist leaders and raising money for them from Belgium.

Cameroon sits atop significant reserves of oil, natural gas, cobalt, bauxite, iron ore, gold and diamonds, making resource extraction one of the pillars of its economy.

While French and English companies have long dominated the extraction industry in Cameroon, Chinese companies have established a significant presence in recent years, particularly in the gold mining regions of the east.

On the eve of Leo’s arrival, separatist fighters announced a three-day pause in fighting. A spokesperson for the Unity Alliance, Lucas Asu, said the pause “reflects a deliberate commitment to responsibility, restraint and respect for human dignity, even in the context of ongoing conflict.”

He said the pope’s visit should remain “spiritual” and not be seen as endorsing any political authority.

Though the number of deadly attacks by separatists has decreased in recent years, the conflict shows no sign of resolution. Peace talks with international mediators have stalled, with both sides accusing each other of acting in bad faith.

Morine Ngum, a mother of three whose husband was shot dead in 2022 by Cameroonian soldiers while fighting as a separatist, expressed doubt that the pope’s visit and peace meeting would lead to meaningful change. She said any real progress must begin with those in power.

“Nothing is going to change,” said Ngum, 30. “This conflict has turned my children into orphans and me into a widow. Many families have been rendered homeless.”

Source: ABC News

14, April 2026

Strait of Hormuz: Joint statement by the heads of the International Energy Agency, International Monetary Fund, and World Bank Group ⁰

The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group met today as part of the coordination group they established in early April to maximize their institutions’ response to the energy and economic impacts of the war in the Middle East. At the end of their meeting, they issued the following statement:

“As we noted earlier this month, the impact of the war is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries. The shock has led to higher oil, gas and fertilizer prices, triggering concerns about food security and job losses as well. Some oil and gas producers in the Middle East have also seen a dramatic loss of export revenue.

The situation remains very uncertain, and shipping through the Strait of Hormuz is yet to normalize. Even after a resumption of regular shipping flows through the Strait, it will take time for global supplies of key commodities to move back towards their pre-conflict levels—and fuel and fertilizer prices may remain high for a prolonged period given the damage to infrastructure. Due to supply disruptions, shortages of key inputs are likely to have implications for energy, food, and other industries. The war has also forcibly displaced people, impacted jobs, and reduced travel and tourism, which may take time to reverse.

Today, we shared our latest assessments, ahead of the release this Tuesday, April 14, of the IEA’s monthly Oil Market Report and IMF’s World Economic Outlook. We also discussed the situations of the countries most affected by the shock as well as the responses by our institutions. Our teams are working closely, including at country level, to leverage our respective expertise and help countries through tailored policy advice and, in the case of the IMF and World Bank, financial support where needed.

We will continue to monitor closely and assess the impact of the war on energy markets, the global economy and individual countries, and to coordinate our response and support to our member countries—working with, and drawing on, other international organizations’ expertise as needed to lay the foundations for a resilient recovery that delivers stability, growth and jobs.”