The Cameroonian government owes several hundred million euros to its French creditors, a debt that continues to grow. NHPC and Tollcam, whose majority shareholders are French, as well as TotalEnergies, are among the firms to which moneys are owed.
The state-owned company is a dead weight on the country's gas development sector, absorbing all local content benefits itself and preventing foreign and domestic private sector companies from gaining a foothold.