AGP Executive Report
Last update: 2 hours agoSugar Deal: French billionaire Pierre Castel’s Somdia is nearing a sale of its 82% stake in Sosucam to five Cameroonian investors. The buyers plan €210 million in investment. Telecom Oversight: Regulator ART has flagged network and licensing compliance shortcomings at CAMTEL, MTN Cameroon and Orange Cameroon after inspections in major cities and along key road corridors. Energy: State oil company SNH and Murphy Cameroon signed four offshore production-sharing agreements, with $200 million in financial commitments. AFCON: Cameroon beat Namibia 2-0 in Yaoundé, moving four points clear atop Group G in 2027 qualifying. Trade and Farming: Officials announced a first 17-tonne coffee shipment to China under a zero-tariff deal, though its exporter and shipping records remain unconfirmed. Cameroon is also seeking German expertise to boost milk production and cut costly imports. Court Fight: The Supreme Court restored a freeze on CFA140 billion linked to MTN’s mobile-money business in billionaire Baba Danpullo’s dispute with the telecom firm. Elections: Cameroon has set February 7, 2027, for long-delayed legislative and municipal elections.
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