CAMEROON’S GOLD SCANDAL! ONLY 22.3KG DECLARED FOR EXPORT AS DUBAI RECORDS OVER 15 TONNES!

14 Oct 2026 21:18 • 1 source

Summary

A staggering gap in gold export figures is raising serious questions about Cameroon’s mining sector as President Paul Biya pushes to increase mining revenues in the 2027 state budget. On October 12, 2026, President Biya signed the framework document for preparing the 2027 state budget, calling for tighter controls on mining activities and increased contributions from gold, iron ore and bauxite exploitation. But troubling figures are casting a shadow over these ambitions. According to an analysis published on April 17, 2026, by Ahmed Zouari of the Extractive Industries Transparency Initiative (EITI) International Secretariat, Cameroon declared just 22.3 kilograms of gold exports in 2023, while the United Arab Emirates reportedly recorded more than 15 tonnes of gold imports originating from Cameroon. The enormous discrepancy raises questions about gold traceability, export controls and potential losses in public revenue. However, the figures alone do not establish how much gold may have been illegally exported or the amount of tax revenue potentially lost. The situation became even more alarming when the Cameroon National Mining Corporation (SONAMINES) reported that not a single gram of gold was exported through formal channels in 2025, according to a meeting report published on March 19, 2026. With the government seeking to boost mining revenue in 2027, these figures highlight the urgent need for stronger oversight, transparent reporting and effective monitoring of gold production and exports. 💰 THE BIG QUESTION: If Cameroon is producing gold, why do the official export figures tell such a different story from the quantities recorded abroad? Source: Cameroun24.net

Sources

• List It Africa Insights