Cameroon after 12 months of President Biya’s extended term: policy paralysis and investor skepticism

Twelve months into President Paul Biya’s extended mandate, Cameroon stands at a crossroads where ambitious rhetoric meets policy inertia. The head of state, in power since 1982, had outlined a vision centered on national dialogue, economic revitalization, and state modernization. Yet behind closed doors in Yaoundé and within diplomatic corridors, a growing chorus of frustration questions why so few of those promises have translated into action. The ruling Cameroon People’s Democratic Movement (RDPC) now faces mounting pressure to justify a reform agenda widely perceived as stalled by civil society and international observers.

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The roots of Cameroon’s political gridlock

The most glaring gap between promise and performance lies in institutional reform. Despite repeated pledges to revise the electoral code following the 2018 presidential election, no concrete legislative steps have been taken. Opposition leaders, including prominent figures such as Maurice Kamto and Cabral Libii, continue to demand greater transparency within Elections Cameroon (Elecam)—the electoral body accused of systemic bias since its creation in 2006. With no clear timeline announced, public confidence in the electoral process remains fragile, stoking doubts about future polls.

The long-running crisis in the Anglophone regions—triggered by 2016 protests in the Northwest and Southwest—remains another unresolved flashpoint. The 2019 National Grand Dialogue yielded a special status for these regions, but implementation has been inconsistent and slow. Violence persists between government forces and separatist factions, crippling local industries—particularly the cocoa sector, which has historically accounted for a major share of national production. The United Nations estimates over 500,000 internally displaced persons remain trapped in a humanitarian crisis that shows no signs of abating.

Security threats and economic stagnation: Why Cameroon’s long-term growth is at risk

On the economic front, Cameroon remains locked in a delicate dance with the International Monetary Fund under its Extended Credit Facility program. The government has committed to fiscal consolidation and debt transparency, yet GDP growth hovers between 3.5% and 4% annually—barely enough to absorb the one million young Cameroonians entering the workforce each year. With public debt nearing 45% of GDP, fiscal space for new infrastructure projects is increasingly constrained, limiting job creation and private sector expansion.

Security challenges further complicate recovery. In the Far North, Boko Haram and the Islamic State’s West Africa Province continue to destabilize communities along the Lake Chad basin, despite coordinated efforts by the Multinational Joint Task Force involving Cameroon, Nigeria, Niger, and Chad. While the government has sustained military spending, no new counter-insurgency doctrine has been revealed since the president’s mandate renewal, leaving international partners uncertain about long-term strategy.

Behind closed doors: What Cameroon’s succession dilemma means for investors

Beneath the surface of stalled reforms lies a looming question: succession. At over 90 years old, President Biya remains Africa’s longest-serving leader. The 2008 constitutional amendment removed term limits, leaving the path to transition undefined. This ambiguity has intensified speculation around key presidential aides, including Secretary-General of the Presidency and Prime Minister Joseph Dion Ngute, as well as rising RDPC officials positioning themselves ahead of upcoming legislative and municipal elections.

The Gabon transition in August 2023—marked by an unexpected military takeover—has intensified concerns among Cameroon’s economic partners, including France, China, and multilateral lenders. Major investors in oil, the Kribi port complex, and telecoms are closely monitoring signals from the Etoudi Palace. Yet for now, no official announcement has altered the country’s political framework or publicly signaled a post-Biya transition. The second anniversary of the mandate renewal could serve as a critical test of the government’s ability to restore credibility and investor confidence in Cameroon’s future.

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