Economy Archives - The Mentor

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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 […]

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Unlike In The Days Of SONEL, Some Multinational Companies Have Today Joined The State In The Energy Production Sector In Cameroon. New Power Plants Have Been Constructed. In The Early 2000s, Less Than 1000 MW of Energy Was Produced And Distributed By SONEL. Today, The Total Capacity of Energy Plants, That Supply Energy To ENEO […]

Category: Economy

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

Director Of Electricity At MINEE, Admits That The Takeover Of ENEO Cameroon By The State, Does Not Mean An End To LOAD SHEDDING

Crisis At Douala Port (Part 9): GM Of PAD Ends Conflict With Gov’t At The Port, But Takes Another Controversial Decision Likely To Spark Another Conflict

‘For The Youths To Be Able To Contribute To The Fight Against Corruption, They Must First Be Spiritually And Morally Moulded”, Sir Dr Ntumfor Barrister NICO HALLE

Crisis At Douala Port (Part 8): GM Of PAD Finally Threw In The Towel, When Transatlantic D Was Put Out Of Action At The Port, After Customs Stopped Collaboration

HRM Dr GANYONGA III Announces The Organization Of A Traditional Memorial Celebration To Honour Departed Sons And Daughters Of Bali Nyonga

Sir Dr Ntumfor Barrister NICO HALLE, Urges That 2026 Should Mark A Decisive Turning Point Towards Moral Renewal, Justice And Lasting Peace In The World.

Bridge Between Garanti Express And Vatican Express In BAMENDA Central Town, To Be Demolished As From Thursday, January 15, 2026 For Reconstruction.