Babajou-Bamenda Road: the failed mediation between CDEC and Afriland First Bank

Author: Investir au Cameroun PublicationPublished on: March 25, 2026Country: Cameroon

Public Management

Babajou-Bamenda Road: the failed mediation between CDEC and Afriland First Bank

The mediation between the Caisse de dépôts et de consignations (CDEC) and Afriland First Bank regarding a guarantee of 4.3 billion FCFA failed. Initiated by Afriland's CEO, Célestin Guela Simo, this effort aimed to prevent the forced recovery of funds linked to a public contract of 14 billion FCFA for the rehabilitation of the Babajou-Bamenda road. The discussions faltered due to legal disagreements despite the involvement of financial authorities.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Bini Dam in Warak: The State Prepares a Technical and Financial Audit Before Relaunching the Project with Savannah Energy

Public ManagementCameroon

Investir au Cameroun Publication•2h ago

Bini Dam in Warak: The State Prepares a Technical and Financial Audit Before Relaunching the Project with Savannah Energy

On March 31, 2026, the Ministry of Water and Energy issued a call for expressions of interest to recruit a consultant for a technical and financial audit of the Bini hydroelectric project in Warak. This project aims to enhance electricity supply in northern Cameroon and was awarded to Sinohydro Corporation Limited in 2013, but construction has been halted since 2018 due to financing issues. A total of 20 billion FCFA has already been invested in this project.

Cameroon under pressure after the registration of 37 tankers suspected of belonging to the Russian 'phantom fleet'

Public ManagementCameroon

Investir au Cameroun Publication•5h ago

Cameroon under pressure after the registration of 37 tankers suspected of belonging to the Russian 'phantom fleet'

Cameroon is under scrutiny from European partners following the registration of 37 tankers linked to the Russian maritime registry. These registrations, concentrated mainly in three ports, have seen a significant increase since late 2025, with a peak in January and February 2026. Observers fear that the Cameroonian registry may be used to circumvent sanctions on Russian hydrocarbon exports.

Debt Recovery: SRC Aims to Mobilize Interpol's 'Silver Notice' to Track Assets Abroad

Public ManagementCameroon

Investir au Cameroun Publication•5h ago

Debt Recovery: SRC Aims to Mobilize Interpol's 'Silver Notice' to Track Assets Abroad

The Debt Recovery Company (SRC) is expanding its operations beyond Cameroon's borders by relying on Interpol to track assets abroad. Marie Rose Messi, the general director of SRC, emphasizes that the effectiveness of recoveries depends on this international outreach. The SRC is particularly interested in the 'Silver Notice', a new tool from Interpol aimed at combating financial crime.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more