Headline News

Ambazonia fighters enforce weeklong lockdown in Southern Cameroons

7, September 2026

Ambazonia fighters enforce weeklong lockdown in Southern Cameroons 0

Armed separatists are enforcing a weeklong lockdown in Cameroon’s conflict-hit English-speaking Northwest and Southwest regions, leading to renewed clashes, residents and security sources said.

Separatist leaders announced on social media that the lockdown, which began Monday, aims to disrupt the start of the new school year.

In Bamenda, the capital of the Northwest Region, residents described a tense atmosphere, with schools closed and movement severely restricted.

“We heard gunshots. People are really afraid. The streets are deserted. Shops are closed, and almost all activities have stopped,” a resident, who requested anonymity, said.

In a video posted online Sunday, armed separatist fighters threatened to “kill anyone who attempts to step out” during the lockdown period.

Security officials said additional troops had been deployed to both regions to conduct day and night patrols. On Sunday, regional authorities assured residents that security had been tightened and urged them to continue their daily activities.

The Northwest and Southwest regions have seen armed conflict since 2017, when separatists began fighting government forces to establish an independent state.

Ekondo Titi: 9 killed in Kombo Itindi boat collision

7, September 2026

Ekondo Titi: 9 killed in Kombo Itindi boat collision 0

At least nine people have died after two passenger boats collided in south west region, security sources and residents said Monday.

The accident occurred early Sunday morning around Gold Coast Creek in Kombo Itindi Subdivision.

According to local sources, a 250-horsepower boat coming from Ikang, Nigeria, collided with a 75-horsepower speedboat that had departed Ekondo Titi, Cameroon, en route to Nigeria.

Local journalist Solomon Agborem said that an eight-year-old was among the dead.

“Where the collision happened is a creek. There is a bend there and visibility was difficult since it was the early hours of Sunday morning,” Agborem said by phone.

Witnesses said the bodies of the victims were retrieved and brought ashore. It was not immediately clear if there were additional injuries.

The creek is a busy waterway used for cross-border travel between Cameroon and Nigeria.

FIFA boss Infantino to seek re-election

6, September 2026

FIFA boss Infantino to seek re-election 0

Gianni Infantino will stand in next March’s FIFA presidential election football’s global governing body announced Sunday.

“The FIFA President announced in April that he will stand for re-election in 2027,” a FIFA spokesperson said. “Of course, nothing has changed. Mr Infantino will be standing for re-election.”

The 56-year-old Swiss has taken a pummelling since the announcement in late July of his short-lived FIFA Forward Enterprise (FFE) plan to bring private investment into FIFA events.

But now for the first time since the plan became public, FIFA has reiterated Infantino’s intention to run for a fourth and final term in next year’s elections.

Should he be re-elected, he will continue to serve as head of world football until 2031.

Infantino is in Poland for the Women’s Under-20 World Cup, but refused to answer queries about his future when questioned by journalists on Saturday.

Only candidate

European body UEFA has accused Infantino of “criminal mismanagement” over the scheme and was the ringleader of the initial fightback to the announcement, including threatening to boycott all FIFA competitions, including the men’s and women’s World Cups, if it was not shelved.

If UEFA withdrew its threat to boycott FIFA tournaments on August 27 – ahead of the Women’s Under-20 World Cup in Poland – it remains absolute in its conviction that Infantino must depart his role.

The European body has filed requests in the USA for the disclosure of documents related to the plan from FIFA and partners.

If successful in gaining access to the documents, UEFA had said it intends to lodge a legal complaint in Switzerland, saying it has been assured the case would meet the requirements to be heard in a Swiss court.

It has also found solid support from North American body CONCACAF and the Asian Football Confederation (AFC) in its actions against Infantino.

The three confederations have kept up the pressure and collaborated on a no-holds-barred joint letter issued last month.

Montagliani, a FIFA vice-president, had long been regarded as a close ally of Infantino, but there were signs, even before he distanced himself over the now-scrapped plan to allow private investment into World Cups, that he viewed FIFA’s purpose somewhat differently to the Swiss.

But Infantino is not without friends – 2034 World Cup hosts Saudi Arabia came out in support last month, with African football’s governing body CAF and South America’s CONMEBOL supportive, too.

Earlier in September, FIFA also accused UEFA of a “smear campaign” and a “fishing expedition” against Infantino.

As the only declared candidate so far for the election due to take place in Rabat, Infantino will need a simple majority of votes from the 211 federations affiliated to FIFA to extend his term of office, which began in 2016 and was renewed in 2023.

Candidate nominations for next year’s election must be submitted by November 18.

Source:  AFP

Who really pushed for the return of the Vice President of the Republic?

6, September 2026

Who really pushed for the return of the Vice President of the Republic? 0

There is a question that the authorities in Yaoundé have so far avoided answering plainly: who really pushed for the return of the Vice President of the Republic?

On paper, the answer appears straightforward. President Paul Biya initiated the constitutional amendment that brought back the office abolished in 1972. Parliament subsequently approved it in April 2026, giving the Vice President a potentially decisive constitutional role as the successor to the Head of State in the event of death, resignation or permanent incapacity.

But politics is rarely as simple as the official paperwork suggests. If this was genuinely President Biya’s personal political project, then Cameroonians deserve to know why the idea became urgent now. Why, after decades without a vice-presidency, did the regime suddenly decide that the country’s constitutional architecture was incomplete? And why has the office remained vacant? That question has become even more difficult to ignore.

At the end of December 2025, President Biya promised that a new government would be formed “in the coming days.” Months later, Cameroon still has no new post-election government. Yet, in the midst of this institutional uncertainty, the authorities found the political energy and parliamentary machinery to amend the Constitution and create a new office whose principal significance is succession.

That juxtaposition deserves scrutiny. If it was Biya’s idea, where is Biya’s Vice President?

The President has the constitutional power to appoint the Vice President. The office was therefore not created as an independent institution beyond his control. It was created as an institution whose occupant depends entirely on the President’s choice. Yet months after its restoration, there is still no Vice President.

This creates a remarkable political paradox. The regime told the country that the new office was necessary for institutional continuity. But when the President subsequently spent more than two months abroad, the country still had no Vice President. Biya returned to Yaoundé on August 20 after more than ten weeks away, while the position remained vacant. If the Vice Presidency was principally about guaranteeing continuity, the prolonged vacancy raises a very obvious question: Continuity for whom, and for what purpose? Was the Vice Presidency really about succession? The timing is impossible to ignore.

Cameroon entered 2026 after one of the most contested presidential elections in its recent history. Issa Tchiroma Bakary challenged the official outcome and claimed victory, while the government maintained that Biya had won another term.

Biya, at 93, is the world’s oldest serving head of state. Against that backdrop, restoring an office that automatically places its holder at the centre of presidential succession cannot reasonably be treated as an ordinary administrative reform.

It is a succession reform. And succession is ultimately about power. This is precisely why the public deserves more than the official explanation that the Vice President will guarantee stability. Stability is the stated reason. Who benefits from the new constitutional arrangement is the more important question.

So who was behind the idea? There are multiple possibilities, but they should not be confused with established facts in Yaoundé. Maybe the idea originated with President Biya himself and reflects his assessment that the constitutional succession mechanism needed strengthening. It could be also that senior officials around the presidency persuaded Biya that the old system was too risky. Likely influential figures within the ruling CPDM establishment saw an opportunity to shape the succession before the inevitable transition at the top. Perhaps the proposal emerged from competing interests around the Biya family and the wider power network that has grown around the Unity Palace. Or imaginably several of these forces converged on the same conclusion.

At present, publicly available evidence establishes who formally submitted the proposal, but it does not establish who first conceived it, who lobbied for it inside the presidency or who influenced the precise constitutional design.  And that is exactly where serious journalism should begin. The unanswered question of the presidency! The most revealing development may therefore not be the creation of the Vice Presidency itself, but what happens next.

Who will be appointed? Why that person? When will the appointment be made? What political constituency will the appointee represent? And, most importantly, who will have persuaded President Biya that this particular person should stand next to him at the top of the succession ladder?

These questions matter because the Vice President under the new arrangement is not merely another government official. The office potentially determines who inherits the presidency when the current occupant can no longer continue. That makes the identity of the future Vice President a matter of national interest.

A nation deserves to know who is designing its succession

For more than four decades, Cameroon has operated around the extraordinary political longevity of one man. The question of what comes after Paul Biya has consequently been one of the country’s most sensitive political questions. The reintroduction of the Vice Presidency has now brought that question into the Constitution itself. But instead of clarifying the succession debate, the reform has arguably made it more intriguing.

If the office was urgently required to protect institutional continuity, why has it not yet been filled? If it was designed with succession in mind, why has the President not identified the person who will eventually stand first in line?

And if President Biya was indeed the sole driving force behind the reform, why has nobody publicly explained what changed his mind after decades without a Vice President?

Cameroon should not have to rely on rumours, Unity Palace whispers and social-media speculation to understand a constitutional change of this magnitude. The CPDM Central Committee should tell the country: Who proposed the Vice Presidency? Who pushed for it? Who advised the President? Who drafted the political strategy behind it? And whose interests does the new succession architecture ultimately serve? Until these questions are answered, the official explanation of “continuity” will remain incomplete. Because in Yaoundé, as in every political capital, the most important question is sometimes not who signed the document, but who persuaded the person holding the pen.

By Soter Tarh Agbaw-Ebai

Bishop Attakruh honoured for inspiring homily at African Catholic Cultural Celebration in Belgium

5, September 2026

Bishop Attakruh honoured for inspiring homily at African Catholic Cultural Celebration in Belgium 0

The Catholic Diocese of Sekondi-Takoradi in Ghana was proudly represented in Antwerpen, Belgium, as His Lordship Bishop John Baptist Attakruh joined the Anglophone African Catholic Community for a special celebration of cultural diversity, heritage, faith and unity.

The celebration, held on Sunday, 30 August, brought together a mammoth gathering of Africans and friends of the community from different countries, united by their common Catholic faith and shared cultural heritage. Bishop Attakruh was in Belgium at the special invitation of the Parish Priest, Rev. Fr. Callistus Uzoma Okponenwu, whose pastoral ministry has continued to play an important role in helping Africans in Belgium remain connected to their faith and the Roman Catholic Church.

In a rich and inspiring homily, Bishop Attakruh called on Africans in the diaspora to remain united and to see themselves as one people, regardless of their different nationalities, languages and cultural backgrounds.

He also encouraged the faithful to remain steadfast in their Catholic faith and to continue to uphold the values of the Holy Roman Catholic Church wherever they find themselves.

The Bishop’s message resonated strongly with the congregation, particularly at a time when African communities across Europe are increasingly seeking ways to preserve their cultural identity while remaining firmly rooted in their Christian faith.

The celebration attracted participants from beyond Belgium. Among those present were members of the Swords Centre African Chaplaincy of the Archdiocese of Dublin, Ireland, as well as members of the Cameroon Catholic Community in Mülheim, Germany. Their presence added an international dimension to an occasion that demonstrated the strength and unity of the African Catholic family in Europe.

The gathering was not only a celebration of culture and heritage but also a powerful expression of Christian fellowship. Africans from different countries came together as brothers and sisters, demonstrating that the Catholic faith can serve as a strong bridge across national and cultural boundaries.

The Chairman of the Organising Committee, Alhaji Moses Nji Ndeh, expressed profound appreciation to Bishop Attakruh for honouring the invitation and for contributing so meaningfully to the success of the celebration.

He praised the Bishop for his inspiring presence, his powerful homily and his message of unity, faith and solidarity among Africans in the diaspora. He also extended his gratitude to everyone who contributed to making the event a memorable occasion.

Special commendation was also given to Rev. Fr. Callistus Uzoma Okponenwu, whose dedication to the pastoral needs of Africans in Belgium continues to provide an important source of spiritual support and encouragement.

Through his ministry, Fr. Callistus has helped create opportunities for Africans to come together, celebrate their cultures and, most importantly, strengthen their relationship with the Roman Catholic Church. His commitment to keeping the African faithful connected to the Church and to one another deserves recognition and appreciation.

The Anglophone African Catholic Community in Antwerpen therefore extends its heartfelt gratitude to Bishop John Baptist Attakruh for being part of this great celebration. His presence, fatherly guidance and rich homily left a lasting impression on the faithful and gave renewed meaning to the celebration of African unity, heritage and faith.

The community also expresses sincere appreciation to Rev. Fr. Callistus Uzoma Okponenwu for his tireless efforts in supporting Africans in Belgium and helping them remain strong in their Catholic faith.

The celebration ultimately stood as a reminder that, despite geographical distances and differences in nationality, faith, culture and unity can bring Africans together as one family in Christ.

By Soter Tarh Agbaw-Ebai on special assignment in Antwerpen

Qatar confirms Iran’s defensive strikes targeted only US military facilities

4, September 2026

Qatar confirms Iran’s defensive strikes targeted only US military facilities 0

Iran’s Foreign Ministry spokesman Esmaeil Baghaei has pointed to an official Qatari document submitted to the International Telecommunication Union (ITU) confirming that the Islamic Republic’s lawful defensive operations against American forces stationed on Qatari soil were directed solely at US military facilities.

In a post on X on Thursday, Baghaei quoted the Qatari contribution to an ITU Council extraordinary session, which stated that Iran’s strikes “were directed towards US military facilities. […] No civilian areas have been targeted.”

The document, prepared as a safety and security risk assessment, noted that “almost all of the attacks were directed towards US military facilities, with the one exception of an attack against the gas facilities at Ras Laffan on 18th March.”

It added that no civilian areas had been targeted and assessed the current risk to Qatar’s security from ongoing operations as low.

Baghaei stated that the sole exception cited by Qatar involved facilities that were serving US military aggression against Iran. “It should be recalled, however, that the facilities struck that day were serving US military aggression against Iran,” he wrote.

Keep Yaoundé Clean: Governor Bea sets CFA 25,000 fine for illegal dumping

3, September 2026

Keep Yaoundé Clean: Governor Bea sets CFA 25,000 fine for illegal dumping 0

Authorities in Yaoundé have announced a CFA25,000 fine for illegal dumping in the capital, but key details on how the penalty will be enforced have yet to be made public.

Centre Region Governor Naseri Paul Bea announced the measure on September 1, 2026, after a tour with Mfoundi Senior Divisional Officer Emmanuel Mariel Djikdent through several neighborhoods in Yaoundé III and VI. The fine applies to anyone caught dumping household waste on public roads.

The officials visited areas from Nsimeyong to Maison Blanche in Biyem-Assi, as well as Montée de la Chapelle and Etoug-Ebe. The tour was intended to assess compliance with measures adopted after an August 28 meeting on sanitation in the capital, chaired by Territorial Administration Minister Paul Atanga Nji.

The statement issued after the inspection did not identify the legal instrument that establishes the fine or specify which officials can record violations. It also provided no details on how penalties will be issued and collected, when enforcement will begin or how sanctioned residents can challenge a fine.

For now, CFA25,000 therefore remains an announced penalty whose enforcement procedures have yet to be defined.

Sanctions were already announced in January

The use of penalties to tackle illegal dumping is not new. On January 21, 2026, Atanga Nji had already announced legal action against people who left waste outside authorized disposal sites. He also instructed municipal authorities to clearly identify locations where dumping was prohibited.

The governor’s latest announcement adds a specific monetary penalty, although no public assessment of the earlier measures is available.

Authorities have not disclosed the number of violations recorded, citations issued or fines actually collected. Nor are there public data that would allow a comparison of illegal dumping before and after the previous warnings. Without those indicators, their effect on residents’ behavior cannot be measured.

The size of the fine alone will not determine whether it deters illegal dumping. Its impact will also depend on the frequency of inspections, the likelihood that offenders are penalized and whether authorities actually collect the fines. A penalty that is rarely enforced can have limited effect regardless of its amount.

Regular waste collection remains critical

A ban on dumping waste on public roads also requires accessible disposal points and a predictable collection service. Cameroon’s General Code of Decentralized Local Authorities assigns household waste collection, removal and treatment to the city council. Municipal police officers from the city council or district councils are responsible for enforcing public sanitation rules.

Authorities have also announced waste collection days every Friday. Public information, however, does not yet specify which neighborhoods will be covered, collection times or where households should leave their waste.

A clear schedule will be necessary to distinguish illegal dumping from waste placed near a collection point while residents wait for it to be removed.

Assessing the measure will therefore require information that is not yet available, including the number of inspections, penalties issued and collected, neighborhood coverage, collection frequency and changes in the prevalence of illegal dumping.

Source: Business in Cameroon

Southern Cameroons Crisis: rising violence threatens school reopening

3, September 2026

Southern Cameroons Crisis: rising violence threatens school reopening 0

Four days before Cameroon’s 2026-27 school year begins on Sept. 7, International Crisis Group (ICG) has warned that violence recorded in August could disrupt the reopening of schools in the country’s two Anglophone regions.

“Rising violence in the Anglophone regions could affect school reopening in September,” the organization warned in its monthly conflict monitoring report published Sept. 2, 2026. ICG based its warning on several incidents recorded during August. In the Northwest region, the organization reported that separatists attacked the Nkor gendarmerie brigade on Aug. 5 in an attempt to free fighters detained there. Security forces responded to the attack.

On Aug. 11, armed men also intercepted passengers along the Batibo-Mamfe road. ICG reported the abduction of about 20 civilians. That figure differs from a report by Xinhua, which cited residents and security sources and said at least 13 people were taken into the bush by the attackers. The assailants later demanded a ransom, according to the report.

In the Southwest region, ICG reported an ambush on a military convoy along the Buea-Muyuka road on Aug. 8, followed by clashes between separatists and defense forces near Buea on Aug. 15.

The increase in violence comes just before the start of the school year, a period that has repeatedly felt the effects of the conflict in the two Anglophone regions.

Since the sociopolitical crisis began in 2016 and later developed into an armed conflict, schools, teachers and students have faced violence, restrictions on movement and school boycott campaigns.

More than 88 attacks on education reported in first half

The education sector remains directly exposed to the conflict. According to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), more than 88 attacks on education were reported between January and June 2026.

Schools have been targeted, while teachers have faced threats that include intimidation and abductions. Movement restrictions, hostage-taking and illegal checkpoints have also complicated access to schools and other essential services in areas affected by the violence.

Government steps up security ahead of school reopening

The Cameroonian government reviewed security arrangements for the new school year at an Aug. 26 meeting at the Ministry of Defense. The meeting, chaired by Minister Delegate at the Presidency in charge of Defense Joseph Beti Assomo, brought together representatives from the Ministry of Territorial Administration, the national police, the national gendarmerie, intelligence services and the military high command.

Among the security concerns identified was the continued enforcement of Monday “ghost town” orders in some communities in the Northwest and Southwest regions.

At the end of the meeting, Beti Assomo ordered an intensification of security operations in coordination with administrative authorities and local stakeholders ahead of the planned Sept. 7 return to school.

Source: Sbbc

When politics fails a nation, football and the Church become the battleground

3, September 2026

When politics fails a nation, football and the Church become the battleground 0

Cameroon has reached a troubling point where the country’s deepest political failures are increasingly being played out through institutions that should in principle stand above partisan confrontation.

The spectacle surrounding the Cameroon Football Federation (FECAFOOT) is one example. During the inauguration of its new headquarters in Yaoundé, the presence of the Prime Minister, Dion Ngute, and the wider government establishment demonstrated the enormous political attention attached to football. Yet, almost simultaneously, university lecturers, commentators and other public voices have turned television studios into arenas for fierce attacks against FECAFOOT president Samuel Eto’o.

In the English-speaking regions, the battlefield appears different. There, Catholic bishops and other church leaders who have repeatedly called for peace, restraint and responsible public conduct are themselves increasingly exposed to harsh criticism. The contrast between the two situations is striking, but the underlying problem is the same: institutions and personalities that should not be the primary targets of political frustration are becoming convenient victims of a much deeper national crisis.

The question Cameroonians should be asking is not simply whether Samuel Eto’o is right or wrong, or whether a particular bishop has said something that pleases or displeases the masses. The bigger question is: How did Cameroon arrive at a point where football administrators and religious leaders have become proxies for battles that are fundamentally political?

For more than four decades, President Paul Biya’s political system has promised stability, development and national unity. Yet today, too many Cameroonians experience a country marked by economic hardship, declining public confidence, institutional mistrust and seemingly endless political confrontation. The persistence of the Anglophone crisis has deepened the sense of abandonment in the Northwest and Southwest, while the wider population continues to struggle with unemployment, rising living costs and limited opportunities.

A government that has been in power for decades cannot indefinitely escape responsibility for the condition of the nation it governs.

This is not to say that football officials should be above scrutiny. They should not. Nor should bishops, politicians, academics or any other public figures be immune from legitimate criticism. Accountability is essential in any functioning society.

But accountability becomes something else when public debate degenerates into permanent character attacks, televised humiliation and political mobilisation against individuals. At that point, the real issues confronting the population disappear from view. Football becomes the distraction. Religion becomes the distraction. Personalities become the distraction.

Meanwhile, the ordinary Cameroonian is left asking the most basic questions: Where are the jobs? Where is affordable healthcare? Where are the functioning schools? Where is meaningful decentralisation? Where is the security that allows citizens to live without fear? Where is the political environment in which disagreement does not automatically become a confrontation?

This is perhaps the greatest indictment of Cameroon’s political class: after decades of political dominance, the country has become so consumed by institutional and personal battles that citizens can be left feeling as though there is little tangible progress to defend. And when citizens have little confidence in politics, every major institution becomes vulnerable to political capture.

Football, because it commands extraordinary emotional power, becomes an easy target. The church, because it retains moral authority among millions, becomes another. Universities, the media and civil society are drawn into the same contest. Instead of providing spaces for national dialogue, they can become extensions of the political battlefield.

Samuel Eto’o therefore represents more than a controversial football administrator in this debate. Catholic bishops represent more than churchmen calling for peace. Both can become victims of a broader political environment in which public frustration is redirected toward prominent individuals rather than toward the structural problems producing that frustration.

Cameroon deserves better. The country does not need more television shouting matches masquerading as national debate. It does not need citizens divided into camps around football personalities or church leaders while fundamental questions about governance remain unanswered.

It needs institutions that can operate without intimidation. It needs criticism without persecution, accountability without political vendettas and leadership without the constant search for enemies. Most importantly, it needs a political system capable of renewing hope.

After decades of the Biya era, the central issue is no longer simply who is winning the latest institutional quarrel. The issue is whether Cameroon’s political leadership has delivered a country in which ordinary citizens can look to the future with confidence.

If football and the church have become the latest arenas for national anger, that should not merely provoke another round of accusations against Eto’o or the bishops. It should force Cameroon to confront the deeper truth: when politics fails to solve a nation’s problems, society eventually finds other institutions on which to unload its frustrations. Today, football and the church appear to be among the victims.

But the greatest victim may be the Cameroonian citizen—the citizen who has watched political battles continue for decades while the promise of a better country remains painfully out of reach.

By Soter Tarh Agbaw-Ebai

Cameroon’s CEMAC treasury debt tops CFA 2 trillion

3, September 2026

Cameroon’s CEMAC treasury debt tops CFA 2 trillion 0

Cameroon’s outstanding Treasury securities on the CEMAC public debt market exceeded CFA2 trillion at the end of July 2026, but their annual growth slowed sharply after two years of much faster increases.

The stock reached CFA2.061 trillion as of July 31, up CFA80.4 billion, or 4.1%, from CFA1.981 trillion a year earlier, according to monthly statistics published by the Bank of Central African States (BEAC).

Cameroon had the third-largest stock of outstanding government securities in the regional market. Gabon ranked first with CFA3.424 trillion, followed by Congo with CFA3.041 trillion. Cameroon accounted for 19.5% of the CFA10.561 trillion in government securities outstanding across CEMAC’s six member countries.

Annual growth slows to 4.1%

The increase between July 2025 and July 2026 represents a significant slowdown from the previous two years. Cameroon’s outstanding securities rose by CFA293 billion, or 23.7%, between July 2023 and July 2024. The increase then reached CFA452.2 billion, or 29.6%, between July 2024 and July 2025.

The latest annual increase fell to CFA80.4 billion. The slowdown does not mean that the stock has started to decline, however. It rose by CFA52.1 billion in July 2026 alone, from CFA2.009 trillion in June to CFA2.061 trillion, an increase of 2.59% in one month.

Outstanding securities also differ from the total amount of debt issued by the Treasury over a given period. The figure represents securities that remain unpaid at a specific date and reflects both new issuance and repayments. The outstanding stock alone therefore cannot show whether slower annual growth resulted from lower fundraising, faster repayments or a combination of the two.

Borrowing costs decline from a year earlier

Higher financing costs do not, on their own, explain the slower increase either. The average cost of Cameroon’s Treasury bills, known as BTA, fell to 6.97% in July 2026 from 7.10% a year earlier. The average cost of Treasury bonds, or OTA, declined more sharply, to 7.36% from 8.29%.

Borrowing nevertheless remains considerably more expensive than during the earlier development of the market. In June 2018, Cameroon’s average BTA cost stood at 2.81%, compared with nearly 7% in July 2026.

Bonds account for more than two-thirds of the stock

Of the CFA2.061 trillion in outstanding Cameroonian securities, Treasury bonds accounted for CFA1.394 trillion, or 67.6%. Treasury bills, which mature within one year, represented the remaining CFA666.9 billion, or 32.4%.

Primary dealers held CFA1.433 trillion in Cameroonian securities, equivalent to 69.5% of the total, while institutional investors held CFA562.1 billion, or 27.3%. Investors based in Cameroon owned CFA1.711 trillion, about 83% of the outstanding stock.

The BEAC-organized market has become a major source of state financing, although it is not Cameroon’s only regional funding channel. The government also raises capital through the Central African Stock Exchange (BVMAC). In 2023, it secured CFA176.3 billion there through a multi-tranche bond issue.

Source: Business in Cameroon

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