Economy Archives - The Mentor

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The City Mayor Fumes That There Are People Who Come To Douala, Make Big Money, But Carry Everything Away To Develop Their Areas Of Origin, While Making No Contributions To The Development Of Douala, Where The Make The Money. He Also Alleges That There Are People, With Vicious Intention To Destroy Douala, And Said They […]

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The GW Of PAD On Friday, Feb. 13 Wrote To The Minister Of Finance, And Complained About The Customs And SGS Cameroun. But In A Swift Response, Minister MOTAZE Distanced The Customs and SGS From Any Responsibility For The Crisis At the Port, and Bluntly Told The GM Of PAD: “I Demand That You Should […]

PM DION NGUTE Would Certainly NOT Have Convened The January 29, 2026 Inter-Ministerial Meeting, And Reject PAD’s Controversial Decision To Terminate The Contract Gov’t Signed With SGS , If, He And Others, Had Confirmation That President BIYA Gave His Accord, That Transatlantic D, Though Little Known, Should Replace SGS Scanning Cameroun At The Douala Port. […]

Transatlantic D. Announced On January 1, 2026, That It Would Start Merchandise Inspection (Scanning) At Douala Port On January 2. PAD And The Customs Administration Disagreed. That Sparked A Crisis (Blockage) At The Container Inspection Sector At The Port, Causing An Estimated Loss In Revenue Of 1.5 Billion FCFA Daily. An Emergency Meeting Was Convened […]

Also, Does The 2019 Presidential Decree To Reorganize The Port Authority of Douala (PAD), Which Gives PAD Powers To Negotiate And Sign Concessions Agreements, Also Gives The General Manager of PAD, CYRUS NGO’O, The Authority To Be Able To Cancel A Contract That Was Signed By The Gov’t? This Is The Main Question In The […]

The GM Of Port Authority Of Douala, CYRUS NGO’O, Backed By The SG At The Presidency, NGOH NGOH, Is Bent On Ending A Contract Gov’t Signed With Swiss Company, SGS, To Replace The Company With Transatlantic D. Finance Minister, MOTAZE, Has Expressed Worry That Cameroon Has Been Losing Huge Sums Of Money, In Payment Of […]

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Barely One Month And Five Days Into Retirement, NCHECHUMA BANLA, Who Last Served As Director of Human Resources At The Port Authority of Douala ( PAD), Was On December 23, 2025 Appointed By The Board of Directors Of PAD, As Director Delegate Of The Dredging Management Unit, One of The Corporation’s Subsidiary Companies. NCHECHUMA BANLA […]

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On July 14, 2023, It Was Announced That STANDARD CHARTERED BANK Of The United Kingdom, Had Entered A Sale Agreement With ACCESS BANK Of Nigeria, For The Latter To Takeover Some Subsidiaries of The Former In Africa, Which Included STANDARD CHARTERED BANK CAMEROON. Last Year, Gov’t Expressed Concern Over, “Lack Of Clarity In The Transaction”. […]

Last Year, The Coming Of AFRICA GLOBAL BANK Of Cameroonian Business Magnate, SAMUEL FOYOU, Raised The Number Of Commercial Banks in Cameroon To 19. But With The Official Takeover Of STANDARD CHARTERED BANK Cameroon By ACCES BANK On Dec. 5, 2025, The Number Of Commercial Banks In The Country Has Dropped Back To 18. (List […]

The 800 Billion FCFA Debt Include 500 Billion FCFA Owed To Contractors, Including Suppliers. Part of Debt Is Money That ENEO, Under The Management Of ACTIS, Borrowed From Banks. Worse Still, ENEO Cameroon Loses 60 Billion FCFA A Month To Fraud. The Mission Of SONEL That Was Created In 1974, And Became AES SONEL In […]

Category: Economy

City Mayor Of Douala Says The Sawa Land or People Are Traditionally Peaceful And Hospitable, And Lashes Out At Some ‘Settlers’ For Abusing The Hospitality

Crisis At Douala Port (Part 6): Plunged Into Panic By The Ultimatum Of GECAM, The General Manager Of PAD Has Desperately Been Trying To Shift Blame To Others

Crisis At The Douala Port (Part 7): Gov’t Remains Determined To Respect The Terms Of The Contract That Was Signed With SGS In 2015

Crisis At The Douala Port (Part 3): CYRUS NGO’O / NGOH NGOH Camp Ignored Finance Minister, And Pushed On With Their Transatlantic D Project At Douala Port.

Crisis At The Douala Port (Part 2): Why Is It That The 10 Year Contract That Gov’t Signed With SGS In 2015, Will Instead End In 2032?

The Crisis At Douala Port (Part 1): The Crisis Is Caused By A Deal Struck For Transatlantic D Which Operates At Kribi Port, To Replace SGS At Douala Port.

Veteran Journalist And Management Expert, NCHECHUMA PIUS BANLA, Bounces Back Through Another Big Appointment At Douala Port

STANDARD CHARTERED BANK CAMEROON Has Been Officially Transferred To ACCESS BANK, Ending A Transition Process Which Started In July 2023.

The Number Of Commercial Banks In Cameroon, Which Last Year Rose To 19, Has Dropped Back To 18

Cameroon To Pay ACTIS 87 Billion FCFA To Take Over Its 51 % Shares In ENEO, While ACTIS Is Leaving Behind ENEO With A Colossal Debt Of 800 Billion FCFA

City Mayor Of Douala Says The Sawa Land or People Are Traditionally Peaceful And Hospitable, And Lashes Out At Some ‘Settlers’ For Abusing The Hospitality

Douala City Mayor, Says The Council Is Happy To Have A Personality Like The Peace Crusader And Multiple Award Winner, Sir Dr Barrister Ntumfor NICO HALLE, Living In The City

Lessons From 2025 Presidential Election (Part 6): When ‘Independent Personalities’ Publicly Support Candidates – The Case Of Barrister AGBOR BALLA, Dr FRIDOLIN NKE, Dr A. MONO, Others

Douala City Mayor, Says The Council Is Happy To Have A Personality Like The Peace Crusader And Multiple Award Winner, Sir Dr Barrister Ntumfor NICO HALLE, Living In The City

Mayor Of Douala IV (Bonaberi) Says The Council Is Proud To Have Peace Crusader, NICO HALLE, Who Is Real Role Models For Cameroonians, Living In The Municipality

Prof WILLIBROAD DZE –NGWA Discloses That He Was Inspired To Become A Peace Activist By The International Peace Crusader, Sir Dr Barrister NICO HALLE