27, August 2026
Biya regime’s takeover of General Bank deepens concerns over state’s growing role 0
Cameroon’s takeover of Société Générale Cameroun, now renamed General Bank of Cameroon (GBC), has become part of a broader concern over the state’s growing footprint in the banking industry, with the African Development Bank warning that repeated public recapitalizations and acquisitions are creating additional fiscal and governance risks.
In its 2026 Country Report on Cameroon, the AfDB describes the expansion of state involvement in banking as a “major source of concern” and cites the acquisition completed on May 12, 2026, as the latest example of the trend.
The warning, however, does not amount to a finding that GBC itself is financially weak. The report is not an audit of the acquired bank. Its concern is broader: the accumulation of government stakes in banks, the governance risks associated with those holdings and the growing interdependence between public finances and bank balance sheets.
The government acquired the 58.08% stake previously held by Société Générale Group. Since the state already owned 25.60% of the subsidiary, the transaction was expected to raise its interest to 83.68%, based on the terms announced when the sale agreement was signed in July 2025.
The government has presented the takeover as a move to strengthen financial sovereignty and ensure stability. When the transaction closed, the Finance Ministry said measures had been taken to ensure continuity of banking services and the security of deposits.
The IMF has raised similar concerns
The AfDB’s warning follows concerns previously raised by the International Monetary Fund.
In its 2026 consultation report, completed on March 9, the IMF said growing government ownership of banks was increasing fiscal, operational and governance risks. It counted eight institutions in which the state held a majority interest.
The IMF recommended clear rules for the management and supervision of state-owned banks, along with restructuring or resolution plans for troubled institutions. It also recommended that the government divest its holdings where feasible. The Fund’s executive board similarly urged caution over the expansion of the state’s footprint in the banking system.
The issue extends beyond GBC’s ownership.
Cameroonian banks’ holdings of government securities increased from 9.5% of their assets at the end of 2015 to 32% in June 2025. According to the IMF, several banks held more than half of their assets in claims on governments within the Central African Economic and Monetary Community, or CEMAC.
That concentration strengthens the link between banks’ financial health and governments’ fiscal positions. It can also reduce the resources available to finance businesses and households.
The AfDB also noted that public debt service absorbed 23.8% of Cameroon’s budget in 2025, up from 9.8% in 2013.
Banking indicators are still improving
The increase in these risks does not mean Cameroon’s banking system is experiencing a broad deterioration.
At the end of November 2025, the combined balance sheets of the country’s 18 operating banks had grown 9.3% to CFA13.593 trillion. Customer deposits rose 8.4% to CFA8.865 trillion, while lending increased 17% to CFA6.924 trillion.
Sixteen of the 18 banks were fully compliant with prudential requirements. The gross nonperforming loan ratio also declined to 12.9% in 2025 from 14.3% in 2024.
The AfDB’s concerns therefore center less on an immediate deterioration across the banking industry than on sovereign-risk concentration and the governance of institutions controlled by the government.
In discussions with the IMF, Cameroonian authorities described state interventions in banks as temporary measures designed to restructure troubled institutions, restore their profitability and eventually reduce government ownership.
However, public sources reviewed through Aug. 25, 2026, provide no specific timetable for the government to reduce its stake in GBC or bring additional shareholders into the bank.
The issue raised by the AfDB therefore extends beyond the original rationale for the acquisition. Attention now shifts to how GBC will be governed, how transparent its exposure to the public sector will be and under what conditions the government could eventually share or relinquish control.
Source: Business in Cameroon



















29, August 2026
Top footballer hits out over Cameroon femicides 0
The killing of at least eight women in a week has sparked outrage in Cameroon, with many calling on the government to do more to protect women and girls.
Among those who have spoken out is renowned footballer Nchout Njoya Ajara, who has called for an end to the “tragic wave” of targeting women, saying “silence is complicity”.
The government has also raised concern about the rise in attacks. At least 50 women have been killed between January and April this year, compared to 77 last year, according to official figures.
In the latest case on Tuesday, a 44-year-old woman was killed in a hotel room in the capital, Yaoundé. She was allegedly stabbed to death by a 22-year-old who was later arrested.
“Being a woman in Cameroon should never be a risk,” said Ajara, who is one of Cameroon’s greatest female footballers.
The 33-year-old striker has played professionally in Russia, Sweden, Norway, Spain, Italy and Saudi Arabia for clubs including Atlético Madrid and Inter Milan.
“In the face of the tragic wave of femicides that has hit our country in recent days, silence is complicity,” Ajara said.
‘We are the friend’ – inspiring those fleeing terror
In a statement, the opposition Cameroon Renaissance Movement (CRM) party said it was outraged by the “tragic recurrence of domestic femicides” and accused the government of being passive about the issue.
The femicide cases, most of which are attributed to domestic violence, have been reported in different parts of the country.
In a video published by state media, the minister for Women’s Empowerment and the Family, Marie-Thérèse Abena Ondoa, condemned the “worrying” rise in the number of the killings, and said the government was working to address the problem.
She mentioned a bill to protect women against gender-based violence, which she said was being reviewed by the prime minister.
But civil society and women’s rights groups have denounced what they perceive as the government’s delay in turning the bill into law.
A parliamentary session, the last one for the year, is due to be held in November. However, Viviane Tathi, whose organisation documents cases of femicide in the country, told the BBC she was not sure that the bill would be passed at the session.
“We are worried because the November parliamentary session focuses on budgetary debates…So, we don’t know by what magic this bill will be passed,” she said.
She has called for the creation of a special court to handle family disputes, which lead to domestic violence.
According to the latest UN data, Africa had both the highest total number of femicide victims and the highest rate relative to its population in 2024 – with an estimated 22,600 cases.
The numbers are an estimate as some cases of femicide are believed to go unreported and many governments do not consistently record the information.
Culled from BBC