AGP Executive Report
Last update: 11 hours agoAPF in Yaoundé: The 51st Parliamentary Assembly of La Francophonie (APF) wrapped up in Yaoundé, with Nathalie Roy (National Assembly of Quebec) elected as the new APF president, succeeding Cameroon’s Hilarion Etong, as Senate President Aboubakary Abdoulaye presided over the closing and stressed parliament’s role in democracy and peace. Douala building collapse: Emergency teams in Douala are assessing damage after a three-storey residential building partially collapsed in Bonamoussadi, killing at least six (including three children) and injuring six others amid heavy rains. Cameroon cocoa & VAT: Cocoa farmgate prices inched up to about CFA2,750–2,850/kg near the CFA3,000 mark as the 2025-26 season nears July 15, while VAT credit refunds fell 45.7% to CFA11.1bn in Q1 2026, raising pressure on businesses waiting for reimbursements. Economy pressure: Diesel import costs jumped 60.7% (Feb–May 2026), adding risk to inflation and public finances as Cameroon remains fuel-import dependent after SONARA’s 2019 fire. Agribusiness ties: Algeria’s MADAR Holding says it wants to import Cameroonian bananas and coffee and invest in local processing, ahead of the Cameroon–Algeria joint commission talks. Immigration update (US): The US extended work permits for Haitians and other TPS holders after a Supreme Court decision left protected status in legal limbo.
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