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Cameroon

Garoubé and Ivo Capital Partners battle over €24m in damages sought from Yaoundé

The company Garoubé, which won an arbitration award against the Cameroonian state in September 2021, is now seeing its claim challenged by Ivo Capital Partners which financed part of the proceedings. The Paris Commercial Court is shortly due to rule on the case.

Subscribers only Business 25.11.2024

Dredger tasked with desilting Douala port still grounded, despite costly repairs

The boat 'Chantal Biya' has been immobilised for months, racking up vast repair bills. It is still broken, however, and unable to clear sand from the port of Douala, preventing large container ships from docking there.

Subscribers only Infrastructure 19.11.2024

Reception ceremony for Mbalam-Nabeba iron ore equipment cancelled

The event was to have been held on 11 November.

Subscribers only Mining 08.11.2024

Albert Zeufack at the World Bank/IMF Spring Meetings, in Washington, DC, USA, 22 April 2017. © Zach Gibson/AFP

Cameroon's secret plan to thwart Abbas Mahamat Tolli's candidacy for AfDB president

Since July, Cameroonian diplomats have been pushing for economist Albert Zeufack to take over the presidency of the African Development Bank, instead of the former BEAC governor whom N'Djamena is supporting.

Free access Politics 23.10.2024

Paul Biya at the 80th anniversary of the Allied landings in Provence during World War II, in Boulouris-sur-Mer, France, 15 August 2024. © Christophe Simon/Pool/AFP

Biya tasks his presidential guard with investigating Mbapou case

The Cameroonian head of state has instructed his presidential guard to look into a vast fraud case, in which the names of high ranking military officers and members of the presidential security service have been mentioned.

Subscribers only Politics 24.09.2024

Cyrus Ngo'o, MD of the Port Authority of Douala, September 2021. © Twitter/@UN_Cameroon

Inner circles
Cyrus Ngo'o, watchdog for Ferdinand Ngoh Ngoh at Douala port

Ngo'o runs Central Africa's leading port, Douala, on behalf of the influential secretary-general of Cameroon's presidency, but his management of this strategic place is increasingly being questioned.

Subscribers only Infrastructure 06.09.2024

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

Oil and mining companies operating within CEMAC had undertaken to reach an agreement with the bloc's central bank by 1 January, but are now aiming to do so four months later.

Subscribers only Energy, Mining 05.11.2024

ECCAS in need of CFA 15bn

The Economic Community of Central African States needs to find between €22m and €27m if it is to continue to operate.

Subscribers only Diplomacy 04.11.2024

First trucks for Mbalam-Nabeba iron ore project due in Kribi port

A reception ceremony is planned for early November.

Subscribers only Mining 01.11.2024

The millions lost by Société Générale's mobile payment service Yup Cameroun

Yup Cameroun, Société Générale Cameroun's mobile payment service, has cost its shareholders millions of dollars.

Subscribers only Finance, Business 30.10.2024

Nathalie Moudiki behind sacking of Tradex boss Simon Paley

Simon Paley, who was sacked as Tradex's chief executive in early October, has paid the price for his strained relations with Nathalie Moudiki, wife of Adolphe Moudiki, the octogenarian director general of Tradex's parent company, Société Nationale des Hydrocarbures.

Subscribers only Energy 29.10.2024

Yaoundé strives to save its arbitration against miner Sundance over Mbalam iron

Cameroon missed the deadline to submit its defence, but the president's office has contacted its legal counsel and experts in a bid to defend its position against the Australian miner. Meanwhile, Paul Biya's return to the country is likely to align the various parties in Yaoundé.

Subscribers only Mining 24.10.2024

Sam Jonah's battery metal plans with Tronic Metals

Prominent Ghanaian mining figure Sam Jonah has become the new chair of Geovic Cameroun just as Tronic Metals, a Canadian company he owns a large share of, is finalising its purchase of Geovic's Nkamouna cobalt project.

Subscribers only Mining 21.10.2024

More than one buyer keen on Commercial Bank Cameroon

There has been strong interests in recent weeks for the portion of shares the Cameronian state is selling in Commercial Bank Cameroon.

Subscribers only Finance 18.10.2024

BGFI and Zenith Bank both in running to buy Société Générale's local subsidiary

Banque Gabonaise et Française Internationale and Nigeria's Zenith Bank have both expressed an interest in acquiring Société Générale's Cameroon subsidiary.

Subscribers only Finance 16.10.2024

Mbalam-Nabeba iron: Ngoh Ngoh and Esso rivalry lies behind obstructed arbitration

The arbitration proceedings at the ICC between Cameroon and Australia's Sundance over the Mbalam-Nabeba iron ore deposit continue to stall, with the former's justice minister not acting upon the secretary general of the president's office's instructions.

Subscribers only Mining 14.10.2024

Chinese construction group wins €62m project in Douala

At the end of September, China First Highway Engineering Co won the competitive tender launched by Douala mayor Roger Mbassa Ndine for the construction of the Wouri River embankment road.

Subscribers only Infrastructure 02.10.2024

Natixis cancels Paris meeting with Cameroonian delegation at last minute

French banks Natixis and Bpifrance cancelled a late September meeting in Paris with a delegation from Cameroon. The meeting had been scheduled to discuss a €590m motorway construction funding package for Yaoundé.

Subscribers only Infrastructure, Finance 01.10.2024

World Bank seeks to relaunch Cameroon Business Forum

To improve Cameroon's business climate, the Bretton Woods institution is working on a new-and-improved version of the forum, which was last held in 2020.

Subscribers only Business 27.09.2024

Rival hotel groups eye replacing Marriott on Yaoundé's luxury project

The Hôtel du Lac, a deluxe hotel venture that is being developed in the Cameroonian capital with the US group Marriott, is attracting interest from other giants in the sector who hope to convince the project leader to change partners.

Subscribers only Business 13.09.2024

Mining minister urges president's office to move forward on Sundance arbitration

When a Cameroon delegation headed to Beijing for the Forum on China-Africa Cooperation one of the key issues they sought to bring up was the Chinese-funded Mbalam-Nabeba iron ore mine. Arbitration proceedings to settle a dispute with the former project developer are still at a standstill.

Subscribers only Mining 06.09.2024

Kagame prepares for EECAS chairmanship

The Economic Community of Central African States will return to business with an ordinary meeting in Malabo, Equatorial Guinea, on 18 September.

Subscribers only Diplomacy 04.09.2024

Société Générale presses pause on sale of Cameroon subsidiary

The French bank is waiting for Yaoundé to clarify its intentions regarding a possible stake in Société Générale Cameroun, which was put up for sale earlier this year and valued at €250m.

Subscribers only Finance 02.09.2024

Société Générale CEO Slawomir Krupa at the World Economic Forum in Davos, Switzerland, 17 January 2024.

Paul Biya sides with British American Tobacco

Under President Biya's high orders, Agriculture Minister Henri Eyebe Ayissi has dropped the decision to expropriate British American Tobacco Cameroon from prime land in Yaoundé, despite having agreed to it only a few months earlier.

Subscribers only Politics 27.08.2024

SNH's legal affairs exacerbate splits in Biya's entourage

The managing director of Société Nationale des Hydrocarbures, Adolphe Moudiki, and the president's secretary-general, Ferdinand Ngoh Ngoh, have been at loggerheads in recent months. After escaping dismissal in early August, the SNH boss is hoping a trial in the UK will give him the upper hand again.

Subscribers only Energy, Politics 21.08.2024

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Cameroon

Garoubé and Ivo Capital Partners battle over €24m in damages sought from Yaoundé

Dredger tasked with desilting Douala port still grounded, despite costly repairs

Reception ceremony for Mbalam-Nabeba iron ore equipment cancelled

Cameroon's secret plan to thwart Abbas Mahamat Tolli's candidacy for AfDB president

Biya tasks his presidential guard with investigating Mbapou case

Inner circles
Cyrus Ngo'o, watchdog for Ferdinand Ngoh Ngoh at Douala port

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

ECCAS in need of CFA 15bn

First trucks for Mbalam-Nabeba iron ore project due in Kribi port

The millions lost by Société Générale's mobile payment service Yup Cameroun

Nathalie Moudiki behind sacking of Tradex boss Simon Paley

Yaoundé strives to save its arbitration against miner Sundance over Mbalam iron

Sam Jonah's battery metal plans with Tronic Metals

More than one buyer keen on Commercial Bank Cameroon

BGFI and Zenith Bank both in running to buy Société Générale's local subsidiary

Mbalam-Nabeba iron: Ngoh Ngoh and Esso rivalry lies behind obstructed arbitration

Chinese construction group wins €62m project in Douala

Natixis cancels Paris meeting with Cameroonian delegation at last minute

World Bank seeks to relaunch Cameroon Business Forum

Rival hotel groups eye replacing Marriott on Yaoundé's luxury project

Mining minister urges president's office to move forward on Sundance arbitration

Kagame prepares for EECAS chairmanship

Société Générale presses pause on sale of Cameroon subsidiary

Paul Biya sides with British American Tobacco

SNH's legal affairs exacerbate splits in Biya's entourage

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Cameroon

Garoubé and Ivo Capital Partners battle over €24m in damages sought from Yaoundé

Dredger tasked with desilting Douala port still grounded, despite costly repairs

Reception ceremony for Mbalam-Nabeba iron ore equipment cancelled

Cameroon's secret plan to thwart Abbas Mahamat Tolli's candidacy for AfDB president

Biya tasks his presidential guard with investigating Mbapou case

Inner circles Cyrus Ngo'o, watchdog for Ferdinand Ngoh Ngoh at Douala port

BEAC and extractive industry professionals prolong negotiations on rehabilitation funds

ECCAS in need of CFA 15bn

First trucks for Mbalam-Nabeba iron ore project due in Kribi port

The millions lost by Société Générale's mobile payment service Yup Cameroun

Nathalie Moudiki behind sacking of Tradex boss Simon Paley

Yaoundé strives to save its arbitration against miner Sundance over Mbalam iron

Sam Jonah's battery metal plans with Tronic Metals

More than one buyer keen on Commercial Bank Cameroon

BGFI and Zenith Bank both in running to buy Société Générale's local subsidiary

Mbalam-Nabeba iron: Ngoh Ngoh and Esso rivalry lies behind obstructed arbitration

Chinese construction group wins €62m project in Douala

Natixis cancels Paris meeting with Cameroonian delegation at last minute

World Bank seeks to relaunch Cameroon Business Forum

Rival hotel groups eye replacing Marriott on Yaoundé's luxury project

Mining minister urges president's office to move forward on Sundance arbitration

Kagame prepares for EECAS chairmanship

Société Générale presses pause on sale of Cameroon subsidiary

Paul Biya sides with British American Tobacco

SNH's legal affairs exacerbate splits in Biya's entourage

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Inner circles
Cyrus Ngo'o, watchdog for Ferdinand Ngoh Ngoh at Douala port