Cameroon Market Watch: Agri-Giants Surge and Strategic Liquidity Shifts in the Bond Market

Last Updated: Friday, December 19, 2025

As we approach the end of the year, the Central African regional financial market is showing clear signs of tactical realignment. In today’s Cameroon market watch, we analyze a trading session characterized by strong bullish sentiment in the agribusiness sector and a significant spike in supply within the fixed-income segment.

From the palm oil estates of the Littoral region to the sophisticated bond structures in Douala, the market is currently providing a fascinating window into investor confidence in the CEMAC zone.

Related: How to buy stocks in Cameroon.

1. Equity Market: The Unstoppable Rise of the “Big Two”

The primary headline for this edition of the Cameroon market watch is the exceptional performance of the agricultural sector. While many global markets are facing volatility, Cameroon’s listed agro-industries—SAFACAM and SOCAPALM—continue to deliver robust returns for their shareholders.

SAFACAM (Société Africaine Forestière et Agricole du Cameroun)

SAFACAM emerged as the star performer of the session. The stock saw a price increase of +5.26%, moving from its previous reference of 28,500 CFA to a closing price of 30,004 CFA.

• The Drivers: This surge is largely attributed to a supply-demand imbalance. During the session, investors sought to buy 55 shares (“Volume demandé”), while only 20 shares were made available (“Volume offert”).
• The Takeaway: When demand outstrips supply by nearly 3-to-1, the price naturally trends upward. Investors are clearly betting on SAFACAM’s year-end profitability.

SOCAPALM (Société Camerounaise de Palmeraies)

Not far behind, SOCAPALM recorded a gain of +3.09%, closing at 50,000 CFA.

• Market Dynamics: The demand for SOCAPALM remains intense, with 112 shares requested against a supply of only 30 shares.
• The Takeaway: As the heavyweight of the equity market, SOCAPALM’s stability at the 50,000 CFA mark provides a strong psychological floor for the entire BVMAC exchange.

Other major players such as SEMC (49,000 CFA), La Régionale (42,000 CFA), and BANGE (228,085 CFA) remained stable with no recorded price variations, maintaining a “wait-and-see” status (NC).

2. Bond Market: Decoding the AFC05 Liquidity Surge

The bond market section of our Cameroon market watch reveals a different story—one of high liquidity and shifting institutional positions.

The AFC05 Phenomenon

The most significant data point in the bond segment involves the AFC05 (Infrastructure Fund) bond. We observed a massive “Volume offert” (Supply) of 20,000 units.

• Market Insight: Interestingly, there was zero “Volume demandé” (Demand) during this session for these specific units.
• The Interpretation: A supply of 20,000 units at a nominal value of 10,000 CFA represents a 200 million CFA sell-side order. This suggests that a large institutional player may be looking to liquidate their position to rebalance their portfolio or capture liquidity for year-end obligations. Because there were no buyers to match this massive offer, the price remained static at its par value (100.00).

New Entry: Alios Finance Cameroon

Today also marked a milestone with the official trading commencement of the Alios Finance Cameroon 2025 bonds. With coupons ranging between 6% and 7%, this new listing adds a much-needed layer of diversity for fixed-income investors seeking alternatives to sovereign debt.

3. Sovereign Debt: Stability Amidst the Noise

Despite the activity in corporate bonds, government-issued debt from Cameroon (ECMR), Gabon (EOG), and Chad (EOTD) remains the bedrock of the market.

• Price Parity: Almost all sovereign lines are trading at 100.00% of their nominal value.
• Accumulated Interest: Investors should pay close attention to the “Coupon Couru” (Accrued Interest) column. For instance, the ECMR.10 (2023-2031) bond has already accumulated 365.48 CFA in interest per unit. This means that even without price appreciation, the “carry trade”—simply holding the bond for its interest—remains highly profitable.

4. Summary Table of Key Movements

Conclusion: What’s Next for Regional Investors?

The data from this Cameroon market watch session highlights a market of opportunity. For equity investors, the momentum in agribusiness is undeniable. For bond investors, the massive supply in lines like AFC05 may present a unique entry point if demand returns and negotiates a discount.

As the “Black December” promotional period continues on the BVMAC—offering a 50% reduction in brokerage fees for large transactions—now is the time for strategic moves.