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Sovereign rating

B−: a weak rating, highly speculative

Cameroon is no. 26 of the 34 African countries rated, among the lowest rated in Africa. The country pays its debts, but a shock (commodity prices, a political crisis) could stop it. Borrowing is expensive.

Weak rating B−
Category
Highly speculative (B)
In Africa
no. 26 of 34
Trend
Stable

6 notches below investment grade

S&P

B−

stable outlook · affirmed 18 Sep 2026

Source ↗

Moody's

Caa1

stable outlook · affirmed 21 Aug 2026

Source ↗

Fitch

B−

stable outlook · downgraded 16 Oct 2026

Source ↗

AfCRA

—

The African agency, launched on 7 October 2026, has not published a rating yet.

Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice

Business climate

Cameroon: a business climate harder than in most African countries

Above the African median on 0 indicators out of 5. Syli Atlas gives no « business friendly » verdict of its own: each score comes from the World Bank, compared with the other African countries.

Governance

Worldwide Governance Indicators 2025, score from 0 to 100

Regulatory quality 41.9 no. 32 of 54

Can the state make and apply rules that let private business grow?

Rule of law 39.0 no. 40 of 54

Are contracts, property rights, the police and the courts reliable?

Government effectiveness 36.1 no. 30 of 54

Quality of public services and of the administration.

Control of corruption 23.7 no. 41 of 54

How far public power is used for private gain.

Business regulations and services

World Bank Business Ready (B-READY) 2025, score from 0 to 100

50.6 average of the three pillars · no. 17 of the 29 African economies covered

Regulatory framework 58.8 no. 20 of 29
Public services for firms 36.3 no. 18 of 29
Operational efficiency 56.6 no. 8 of 29

Sources: World Bank, Worldwide Governance Indicators (CC BY 4.0) and Business Ready (CC BY 3.0 IGO) · the line marks the African median · ranks among the African countries covered

Stock exchange

Cameroon on the BVMAC

The country has no national exchange: its companies are listed on the BVMAC, the regional exchange shared by 6 countries.

Main index
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Listed securities
7
XAF

Fictitious figures (development), not MansaAPI's · end of day, not live · information, not investment advice