Africa

11, May 2026

China’s zero-tariff policy opens opportunities for Cameroonian exporters ⁰

Cameroonian traders are gearing up to boost exports to China as the zero-tariff policy of the world’s second-largest economy for least developed countries with diplomatic ties came into effect on May 1, offering wider market access and reduced trade barriers for products ranging from timber to cocoa.

The landmark policy, which covers 53 African countries that have diplomatic relations with China, is also seen as an opportunity to strengthen local manufacturing and encourage the export of finished goods rather than raw materials, analysts say.

“Cameroonian importers and businessmen are ready to export to China to benefit from the complete exemption of export taxes. We have five products for export: wood, which I process through my own company; cocoa, which is widely consumed in China; coffee; vegetable oil; and minerals such as gold and cobalt. I advise Cameroonians to process their products before exporting them, because selling raw materials brings no added value,” said Merlin Manfo, president of the China-Cameroon Import-Export Trade Association.

While trade experts praise the policy for removing financial barriers, they caution that Cameroonian products must meet strict quality requirements and overcome bureaucratic delays to compete successfully with other African goods and maintain a foothold in the Chinese market.

African exports have long faced high tariffs, stringent standards and complex procedures in global markets. China’s zero-tariff treatment is expected to ease those barriers significantly.

In 2025, China-Africa trade grew by 17.7 percent year on year to reach 348 billion U.S. dollars, with Africa’s exports to China exceeding 123 billion dollars. With the zero-tariff policy now in effect, countries like Cameroon are looking forward to further export growth.

Source: Bastille Post

10, May 2026

Dangote Cement Cameroon Q1 sales volumes drop 15.8% to 300,000 tons ⁰

Dangote Cement Cameroon started 2026 on a weaker footing. According to the group’s quarterly report, the Cameroonian subsidiary recorded a 15.8% year-on-year decline in sales volumes, to about 300,000 tons, in contrast with trends observed in several other African markets.

The group attributes this performance to a slower start to the year in Cameroon, in a post-election environment marked, according to the company, by a slowdown in construction activity. In its report, Dangote Cement notes that delays in public spending and slower execution of infrastructure projects weighed on demand, limiting the contribution of the industrial sector to growth during the quarter.

In a country where the construction sector relies heavily on public procurement, especially for road infrastructure, administrative buildings, and housing programs, any slowdown in project execution quickly affects cement consumption. The decline recorded by Dangote Cement Cameroon highlights the sensitivity of the market to budget decisions and the pace of public investment.

This downturn comes despite a relatively stable macroeconomic environment. The group points out that inflation remained contained at around 2.5% in 2025 and early 2026, a level that typically provides greater visibility for businesses. This stability, however, did not support demand in the construction sector.

On the industrial side, Dangote Cement also highlights increased clinker flows within the group. During the period, the Nigeria region shipped 378,200 tons of clinker to Cameroon and Ghana, a 58.8% increase compared with the same period in 2025. These transfers reflect the group’s integration strategy, which relies on intra-group trade to secure supply for its subsidiaries, particularly for grinding operations.

The decline in Cameroon contrasts with performance in several other African markets in the first quarter of 2026. Sales volumes rose by 31.5% in Ethiopia to 657,700 tons, by 24.7% in Tanzania to 592,800 tons, by 15.8% in Senegal to 347,300 tons, and by 16.2% in Zambia to 210,400 tons. Even in Ghana, where sales fell slightly by 2.1%, the decline remained far smaller than in Cameroon.

At the group level, Dangote Cement reported strong results. Revenue rose by 20.4% to 1,198 billion naira, or about CFA479.2 billion, while net profit increased by 53.5% to 321.1 billion naira, equivalent to about CFA128.4 billion.

These results confirm the group’s overall strength across the continent but highlight the weaker performance of its Cameroonian subsidiary in the first three months of the year. They also underline the continued dependence of the local cement market on public spending and the pace of infrastructure project execution.

Source: ecofin agency

7, May 2026

Cameroon cocoa prices climb back above CFA 1,500 ahead of season end ⁰

Cocoa bean prices are rising again across Cameroon’s production basins just two months before the end of the 2025/2026 marketing season scheduled for July 15.

According to data published by the Information System for Commodity Chains (SIF) of the National Cocoa and Coffee Board (ONCC), cocoa prices ranged between CFA1,550 and CFA1,650 per kilogram as of May 6, 2026, moving back above the symbolic CFA1,500 threshold.

In recent weeks, prices observed in producing areas had generally hovered around CFA1,300 per kilogram.

Despite the rebound, prices currently paid to Cameroonian producers remain far below the record highs reached during previous seasons.

During the 2024/2025 season, cocoa prices peaked at CFA5,400 per kilogram after reaching a record CFA6,000 during the 2023/2024 campaign.

Based on those exceptional performances, Cameroonian authorities had projected producer prices ranging between CFA3,200 and CFA5,400 per kilogram at the launch of the 2025/2026 campaign.

Actual market conditions, however, have proved much less favorable.

According to commodity market analysts, the gap between official projections and actual farmgate prices is mainly explained by expectations of higher global production.

The International Cocoa Organization (ICCO) expects a recovery in global supply following the 2024/2025 campaign after three consecutive seasons marked by production deficits.

Market observers believe the anticipated surplus should continue to weigh on cocoa prices both internationally and in producing countries such as Cameroon.

Source: Sbbc

7, May 2026

CPDM Crime Syndicate: Socadel ordered to intensify fight against electricity fraud ⁰

Cameroon’s new management team at the Cameroon Electricity Company (Socadel), installed on May 5, 2026 in Yaoundé, officially takes office with an immediate mandate: intensify the fight against electricity fraud and help restore a power sector facing deep structural difficulties.

The directive was issued by Minister of Water and Energy Gaston Eloundou Essomba during the launch of the new public operator, which is expected to take over from Eneo as part of the government’s broader renationalization and restructuring of the electricity sector.

At the head of the company, Oumarou Hamandjoda inherits a highly sensitive challenge involving technical, financial, and social issues.

For authorities, electricity fraud ranks among the most urgent priorities.

The minister said several actions had already been identified for the first 100 days of the new management team, highlighting the continuation of operations targeting electricity theft in order to improve sector revenues.

The priority forms part of a nationwide campaign launched in March 2026.

The government describes fraud as a major source of commercial losses, with annual revenue shortfalls estimated at more than CFA60 billion.

Authorities also link these practices to network deterioration and safety risks associated with illegal connections and meter tampering.

The fight against fraud, however, does not fully capture the broader difficulties facing Cameroon’s electricity sector.

The government justified the public takeover of Eneo as part of a wider restructuring effort aimed at correcting longstanding operational failures and restoring service quality.

Socadel’s new leadership will therefore be judged not only on its ability to reduce commercial losses, but also on concrete improvements in electricity supply and customer relations.

Source: Business in Cameroon

5, May 2026

BEAC says Cameroon is dominating Mobile Money in Central Africa ⁰

Cameroon remains the leading Mobile Money market in Central Africa, strengthening its position in 2024 even as competition across the region intensifies.

According to a report on payment services published by the Bank of Central African States (BEAC), the country accounted for 65.1% of all Mobile Money accounts in the CEMAC zone—Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic—up from 62.1% in 2023.

Cameroon also represented 57% of the total value of Mobile Money transactions in the region. However, this share declined from 63.58% a year earlier, pointing to faster growth in other markets.

As of December 31, 2024, more than 51.2 million Mobile Money accounts were recorded across CEMAC, a 28% increase year over year. Of these, 30.9 million were in Cameroon, up by more than 6 million accounts compared with 24.86 million in 2023.

The BEAC attributes this growth to the broader adoption of mobile banking applications. These tools now allow users to hold Mobile Money accounts alongside traditional bank accounts, expanding access to digital financial services.

Technological changes have also made it easier to open accounts. Payment accounts are no longer tied to a single telecom operator, meaning users can now open multiple Mobile Money accounts using the same phone number with different providers.

These shifts have driven both transaction volumes and values higher across the region.

In 2024, the number of Mobile Money transactions in CEMAC rose by 6.42% to reach 3.7 billion. The total value increased more sharply, climbing 20.33% to CFA34,778.5 billion.

Cameroon alone accounted for CFA26,773 billion of that total—nearly four times the combined value recorded in Congo and Gabon.

The central bank points to several factors behind this expansion, including promotional campaigns by payment providers, renewed activity from some operators, the growth of interoperability between financial institutions, the spread of small-value payments, and the rollout of new services such as microloans and international transfers.

Source: Business in Cameroon

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

Cameroon targets up to 800 billion CFA francs at November Investment Forum ⁰

Cameroon’s Investment Promotion Agency formally launched preparatory activities for the fifth edition of the Cameroon Investment Forum on April 28 in Yaoundé, setting a target of 500 billion to 800 billion CFA francs in investment commitments from the three-day event.

The forum, CIF 2026, is scheduled for November 18 to 20 at the Yaoundé Conference Centre. It arrives at a moment of accelerating economic realignment across the continent, with the African Continental Free Trade Area gaining momentum and regional value chains reshaping where capital flows, and Cameroon is explicitly positioning itself to capture a significant share of that investment traffic.

IPA Interim General Manager Boma Donatus presented the plans alongside Walid Farghal, Director General of the AIM Global Foundation, which is co-organising the forum under a Memorandum of Understanding signed in Abu Dhabi at the AIM Congress 2025.

Beyond the investment commitment goal, the forum aims to present 40 bankable projects, close or advance at least 15 deals currently in negotiation, produce sectoral roadmaps, and identify ten priority reforms to sharpen Cameroon’s competitiveness. Sectors in focus include agribusiness, energy, digital technology, logistics, infrastructure, and manufacturing.

A significant shift in this edition is the involvement of the AIM Global Foundation as co-organiser, a partnership the IPA says is designed to bring international rigour to an event previously organised primarily through domestic capacity.

“AIM can mobilise investors from almost every country where we cannot go ourselves. With a partner like this, we are certain that the appeal of our forum will be strengthened even further. AIM has expertise in developing several types of platforms that contribute to the signing of deals and strategic partnerships,” Boma Donatus said.

AIM Foundation operates across more than 180 countries, with a network of over 300,000 investors and institutions. Farghal, who travelled to Yaoundé to attend the launch and begin technical preparations with the IPA, was direct about what AIM brings to the table.

“Our focus is to develop deals for specific sectors especially infrastructure, logistics, new energy, manufacturing and agribusiness. We are working very closely with the IPA team to make sure that all features of the forum will be well positioned and promoted internationally to all AIM Global branches,” he said.

CIF 2026 is also being framed as a platform to promote ongoing government reforms, including the digitisation of administrative procedures and the modernisation of the investment framework, signalling to prospective investors that the operating environment is actively being improved.

The IPA has opened registration for all stakeholders, including businesses, investors, financial institutions, start-ups, project promoters, public administrations, and diaspora communities, at the forum’s website.

Source: Business in Cameroon

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