Publications
Thursday 10 April 2025
The Chamber of Accounts audited the mixed economy company Alucam S.A. for the financial years 2017 to 2021, whose historical activity is foundry. The authority noted anomalies including a very deteriorated financial situation, uncertain reliability of the company's accounts, and the foundry activity at risk due to the decommissioning of 40% of the electrolysis tanks.
Furthermore, the audit noted that rolling was added to the company’s activities following the merger by absorption with Socatral in 2020. Finally, the report highlighted that in the absence of recapitalisation, questions remain regarding the sustainability of the energy-intensive foundry activity while the debt to Eneo remains significant. In fact, the authority questions whether the country's interest necessitates mobilising 13% of electrical production to export aluminium at a loss, while the electricity needs of the population and the rest of the economy are not fully covered.
In light of these findings, the authority makes recommendations (i) to the government to quickly consider the recapitalisation of the company and (ii) to the general management to revitalise the foundry activity through cost control of production and an improvement of the commercial policy.
not to be missed
Annual report 2022
The sixteenth activity report of the Court of Auditors informs about the results of its work during the year 2022.
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Review of the management of the agricultural value chain development project (PDCVA)
The audit highlights a failing internal control and questionable management practices that led to the suspension of funding from the AfDB.
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Review of the management of the Ministry of Water and Energy of Cameroon
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Report on the implementation of the finance law for the financial year 2023 including the opinion on the draft settlement bill
The report reveals progress in streamlining public spending and reducing the budget deficit to 0.9% of GDP.
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