Cameroon

EITI Status Suspended for missing deadline
Joined EITI in 2007
Latest Data From 2017
Latest Validation 2020
Website EITI Cameroon
Last updated 1 April 2021

Overview

Cameroon is a leading producer of crude oil and has rich deposits of natural gas, cobalt, bauxite, iron ore, gold and diamonds. Revenues from the extractive industries accounted for 3.6% of GDP in 2017. EITI reporting discloses payments made by companies active in the oil, gas and mining sector, including the National Hydrocarbons Company (Société Nationale des Hydrocarbures, SNH), as well as in the transportation of crude oil. The SNH is leading Cameroon’s efforts in online systematic disclosure of company payments and government revenues. Public debate focuses on subnational transfers to resource-rich communities, artisanal and small-scale mining and the environmental impact of the extractive industries. Latest reforms in the sector include the review of the Mining Code in 2016, which makes it mandatory for companies to comply with transparency requirements as per the EITI. The EITI in Cameroon published in February 2020 the EITI report for the 2017 fiscal year.

Beneficial ownership disclosure

Cameroon published its beneficial ownership roadmap on 22 November 2016. Of the 17 companies in its 2015 EITI Report, six were either state-owned or publicly listed. Of the remaining eleven companies, five disclosed comprehensive information on their beneficial owners.

The Mining Code issued by law No.2016/017 provides a first regulatory framework on the disclosure of beneficial ownership in the mining sector. Art.145 makes it mandatory for mining or quarrying companies (owners or applicants), as well as their subcontractors, to publish the identity of any person holding interests in the title, including any person deemed to have control over the company or holding over 5% of voting rights or earnings.

Cameroon also recently published a study on Beneficial Ownership dated November 2020. 

EITI reporting allows us to publish information on the extractive sector reviewed by the government and companies. This allows the public to track the use of extractive revenues.
HE Alamine Ousmane Mey, Minister of Finance and Chair of the EITI Cameroon MSG

Production

Cameroon is a leading producer of crude oil and is developing its production of natural gas. Total daily liquid hydrocarbon production averaged 76 000 barrels in 2017. Cameroon hosts a pipeline that transports oil production from Chad to its port in Kribi. The country also plans on expanding its natural gas production, including following the construction of a liquified gas floating unit in Kribi.

Artisanal and small-scale mining of gold and diamonds is increasing in the northern and eastern regions of the country, while Cameroon also produces a variety of construction materials.

Natural resources

Cameroon has rich deposits of crude oil, natural gas, cobalt, bauxite, gold, iron ore and diamonds. Development of oil and gas is taking place mainly offshore in the Gulf of Guinea, while mining exploration is focused on roughly 40% of Cameroon’s territory. Cameroon is considered one of the most mineralised countries along the Gulf of Guinea, holding the second largest bauxite reserves in sub-Saharan Africa.

CommodityReservesUnitSignificance
Oil200million barrels
Gas154billion Sm3Cameroon holds arounds 0.6% of the world's natural gas reserves
Gold4500metric tons
Bauxite700,000thousand metric tonsCameroon holds the world's sixth largest deposits of bauxite
Iron ore632,000thousand metric
Diamonds18million carats
Uranium24,125metric tonsthese are potential reserves. The minimum content of the deposits is 0.1%

Oil and Gas Production

Initializing chart.

Gold Production

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Revenue collection

The 2017 EITI report shows that payments from Exctractive companies amounted to 624 billion Franc CFA, from which 92% from the Hydrocarbon sector and 6% from petroleum transportation.

Total government revenues

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Reconciled revenues by company

Revenue allocation

Regional and municipal governments receive 25% of VAT and 25% of extraction tax based on the 2015 Finance Law, as well as 70% of levies on corporate tax and tax on revenues of assets. The Framework for the Support and Promotion of Artisanal Mining (CAPAM) is responsible for collecting in-kind revenues of artisanal gold production, a share of which is transferred to the Treasury and subsequently to the Communes. 

Innovations

The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.

  • The SNH website has a section dedicated to the EITI, which includes information on licensing procedures, data on SNH’s participation in thirteen companies, as well as aggregate figures on oil sales in 2016.   
  • In its 2015 EITI Report, Cameroon disclosed cash and in-kind voluntary social payments by companies.
  • Taxes collected in-kind by CAPAM in the gold artisanal mining sector are disclosed.
  • Revenues from oil transportation through the Chad-Cameroon pipeline are included in EITI Reporting.
  • In addition to the EITI Student Club in Douala, university students have done research on the implementation of the EITI in Cameroon.

Implementation

On 1st April 2021, Cameroon was suspended for missing the deadline for the 2018 EITI report.

The government announced its intention to apply for EITI Candidature at the EITI Global Conference in London in March 2005. Cameroon joined EITI in 2007. The latest published workplan for the 2021-2023 period highlights that the general objective is to increase transparency and good governance of the extractive industries to enhance the extractive sector, in view of increasing generated revenues, local development and the fight against corruption in Cameroon.

Governance

The 17 July 2018 decree describes the functioning of the Multi Stakeholder Group. The president of the MSG is the Minister of Finance, Mr Louis Paul Motazé. Mrs Agnès Solange Ondigui Owona is the National Coordinator.

Timeline

 

Validation

The EITI Board agreed on 21 January 2021 that Cameroon has made meaningful progress with considerable improvements in implementing the 2019 EITI Standard.

Cameroon's third Validation is scheduled to commence on 1 April 2023.

Cameroon's progress by requirement

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