Cameroon cannot move forward while the shadows of the Martinez Zogo affair continue to hang over the corridors of power. The bitter rivalry between former intelligence chief Léopold Maxime Eko Eko and presidency heavyweight Ferdinand Ngoh Ngoh, as reflected in allegations surrounding the case, raises fundamental questions about accountability, the use of state power and […]
Cameroon is getting hammered by bond investors after a credit downgrade. Having a nonagenarian leader with no public succession plan doesn’t help. Yields on the oil-producing West African nation’s 2033 eurobonds have been climbing for five days to more than 11%, the highest since the securities were issued in January. For the first time ever, […]
The yield on Cameroon’s Eurobond maturing in 2033 surged nearly 30 basis points on Monday, October 19, reaching a record 10.65%. The yield on its 2031 bond rose 20 basis points to 10%. The increases marked the fourth consecutive trading session of rising yields, reflecting growing investor concern about the country’s creditworthiness. The latest market […]
The World Bank Group today launched its first digital strategy, bringing together its public and private sector capabilities to help developing countries expand affordable digital access, improve services, and create jobs. The strategy addresses four priorities: expanding connectivity; making devices and data more affordable; strengthening digital services and skills; and helping countries build the foundations […]
The Cameroonian government has increased its direct stake in the National Refining Company (Sonara) to 98.09%, up from 81.95%, following a recapitalization that sharply reduced the ownership shares of the refinery’s minority shareholders. TotalEnergies Marketing Afrique’s stake fell from 4% to 0.42%, although the company still holds the same number of shares. The new ownership […]
The Holy Father celebrates mass in hospital 0