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Cameroon
Government draws on industry stocks to supply petrol stations amid fuel shortage

The war in Ukraine is causing disruptions to oil distribution and prices in Cameroon, a country heavily dependent on fuel imports. Worried this could spark a transporters' revolt, the Yaoundé government has tapped into sugar refinery Sosucam's reserves to help ease the situation in the north of the country. [...]

Published on 29/04/2022 at 05:00 GMT Reading time 3 minutes

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Cameroon
Eneo ups pressure on state companies to pay debts

Cameroonian electricity operator Eneo has launched a campaign reminding state-owned utility companies to settle their unpaid bills or risk having their power cut off.

Subscribers only Energy 29.05.2024

Cameroon
The ins and outs of Yaoundé's EITI suspension

Although expected by several NGOs, the Extractive Industries Transparency Initiative's decision to suspend Cameroon is a blow to the country, a member since 2007.

Subscribers only Energy, Mining 11.03.2024

Cameroon
Farm equipment firm Cranbury Overseas tries to woo Paul Biya

Cranbury Overseas, a US-Nigerian company active in the agricultural sector, wants to expand its business in Cameroon. Its director, Anthony M. Martin, has written to President Paul Biya to extol the company's investment capacity.

Subscribers only Business 04.04.2023

Cameroon
Oil exec Simon Paley, Moudiki's new protégé at SNH, is one to watch

The current managing director of Tradex, a veteran of state oil company SNH who is close to its director Adolphe Moudiki, is a rising star of the state oil sector set up by President Paul Biya.

Subscribers only Energy 03.01.2023

Cameroon
Vitol's reduced delivery spooks energy minister

Benefiting from a very tight market, oil traders feel free to call the shots in Cameroon, where they are never sanctioned. Only part of the oil ordered by the ministry of petroleum's last call for tenders has been delivered.

Subscribers only Energy, Commodity traders 28.06.2022

Cameroon
Decline in Paul Biya's health strikes alarm amongst inner circle

The 89-year-old Cameroonian head of state has been residing in his native village since the Africa Cup of Nations, but in the past few days he has suffered a series of ailments.

Subscribers only Politics 28.04.2022

President Paul Biya, accompanied by his wife Chantal Biya, during his last public appearance at the CAN.

Spotlight | Africa
As sanctions bite, oil traders Glencore, Gunvor and others on deck with plan B

Until now, all firms selling petroleum products in West and Central Africa were partly supplied by Russia. But since the US slapped sanctions on Russian fuels, these companies are urgently having to review their supply schedules.

Subscribers only Commodity traders, Business 10.03.2022

An oil tanker belonging to Russian company Somkovflot.

Cameroon
Wheat price hike threatens to spark mill war

In the midst of a wheat price boom, prominent entrepreneur and head of Cameroon employers' federation, Célestin Tawamba, has shut down his La Pasta flour mill in an attempt to obtain a tax break on imported cereals and to try to change the regulated price of flour.

Subscribers only Commodity traders, Business 15.02.2022

President of the Groupement inter-patronal du Cameroun Célestin Tawamba.

Cameroon
Glencore takes SONARA to court over unpaid invoices

The Swiss trading company Glencore is not intending to make life easy for SONARA, which has been in serious financial difficulty since a fire wreaked damage on its facilities in Limbe.

Subscribers only Energy 28.08.2020

Spotlight | Cameroon
Amid crisis, Sahara delivers oil products at pre-Covid-19 prices

The rates Nigerian trading house Sahara has applied since late February are likely to cost the Cameroonian state tens of millions of dollars in subsidies.

Subscribers only Energy 20.05.2020

Gabon
The secrets behind the FGIS, a sovereign wealth fund set adrift

Africa
Massad Boulos, a free agent of Donald Trump's African diplomacy under close watch