AGP Executive Report
Last update: 5 hours agoLimbe Deep-Sea Port Push: Cameroon has begun talks with Terminal Investment Limited (TIL), closely linked to MSC, to revive the long-stalled Limbe deep-sea port project after nearly 15 years of delays, with Prime Minister Joseph Dion Ngute meeting TIL in Yaoundé and confirming discussions on opportunities but no contract yet. Gold Revenue Crackdown: The government is launching a major crackdown from August 1 to recover over $500m in unpaid gold taxes and customs duties, targeting 51 mining companies and 33 sites over under-declared or undeclared production between 2023 and 2025, with audits led by SONAMINES, taxes and customs. Treasury Arrears Warning: Cameroon admits Treasury advances used for off-budget spending are feeding “floating debt,” with payment arrears at CFA1.026 trillion by end-March 2026 and a large share tied to invoices unpaid for over three months. Security Briefing (Regional): The UN warns that terrorists across northern Nigeria and the Sahel are increasingly using drones, advanced communications and cryptocurrencies, coordinating across borders and blending with transnational organised crime. Northwest Kidnapping: Seven passengers were kidnapped on the Bafoussam–Bamenda highway in Cameroon’s Northwest, with ransom demands reported amid ongoing separatist-linked violence. APRA Leadership: Cameroon’s Prof. Michele Mekeme was re-elected Vice President of APRA, while Dr Omoniyi Ibietan retained the Secretary General post, with Nigeria’s information minister praising the leadership.
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