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
Audit of Cameroon Telecommunications (Camtel), 2015 and subsequent years
La juridiction relève que la qualité des comptes de cette société est incertaine.
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Review of the Management of the Naval and Industrial Shipyard of Cameroon for the period 2015–2021
The court notes that despite an ambitious strategic plan, the company is struggling to initiate a positive recovery dynamic.
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Audit of the Society for the Expansion and Modernisation of Rice Cultivation in Yagoua (SEMRY), financial years 2018-2021
The court observes that Semry escapes bankruptcy thanks to massive public investments since the late 1980s.
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Procedure 'Reception of works before execution at the Regional Hospital of Ngaoundéré: the verdict is known
The First section of the Audit Bench sitting in matters of budgetary and financial discipline delivered its verdict on 30 April 2025.
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