SOSUCAM to Continue Production Amid Somdia's Share Sale Plans
The Société Sucrière du Cameroun (SOSUCAM) will maintain its production despite Somdia's intention to sell its 82% stake. This decision follows a meeting led by Prime Minister Joseph Dion Ngute, emphasizing the need for careful transition management. Minister of Commerce Luc Magloire Mbarga Atangana warned against hasty actions regarding the sugar market.
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Government Blocks Local Consortium's Acquisition of Sosucam
The Cameroonian government has halted the acquisition of a majority stake in the Société Sucrière du Cameroun (Sosucam) by a local consortium led by Joseph Pagop Noupoué. This decision, aimed at preserving national sovereignty, has raised concerns about the future of private initiatives in the country.
Cameroun : un consortium local reprend la Sosucam après le retrait de Somdia
Le consortium local, comprenant des figures comme Joseph Pagop Noupoué, a acquis la Sosucam, la principale sucrerie du Cameroun, après le retrait de Somdia, une filiale du groupe Castel. Cette transaction marque un tournant dans le secteur sucrier camerounais, avec des investissements annoncés de 210 millions d'euros pour moderniser l'usine et relancer la production.
Romy Castel opposes the sale of Somdia's shares in Sosucam amid restructuring plans
Romy Castel has publicly opposed the sale of Somdia's shares in Sosucam, a major sugar producer in Cameroon. This disagreement arises as Somdia and its parent company, DF Holding, attempt to align with the broader vision and governance of the Castel Group. Castel has also promised a revival plan to sustain the operations of Sosucam amidst these tensions.
La Banque mondiale finance le corridor Douala-Bangui pour 1,12 milliard USD
Le 12 juin 2026, la Banque mondiale a approuvé un financement de 1,12 milliard de dollars pour moderniser le corridor Douala-Bangui. Ce projet devrait générer entre 2000 et 4000 emplois, renforçant ainsi l'économie locale et améliorant les infrastructures de transport entre le Cameroun et la République Centrafricaine.