Billionaire Baba Danpullo takes 10% stake in AGL Cameroon

Cameroonian billionaire Baba Ahmadou Danpullo has gained a 10 percent stake in Africa Global Logistics (AGL) Cameroon through Cameroon Continental Merchants Limited (CCML), adding a significant interest in one of the country’s major transport and logistics companies.

CCML acquired 31,575 shares in AGL Cameroon, according to a legal notice reviewed by Business in Cameroon and Investir au Cameroun. The transaction makes the company linked to Danpullo a new shareholder in the Cameroonian subsidiary of AGL, the logistics group controlled by Mediterranean Shipping Company (MSC).

The transaction was unanimously approved by AGL Cameroon’s board at a meeting on December 23, 2024, with the shares transferred from Africa Global Logistics to its Cameroonian subsidiary. The details have only now been reported publicly through the legal documentation.

The purchase price has not been disclosed. However, AGL Cameroon’s post-recapitalisation share capital stood at CFA10.621 billion ($17.8 million), divided into 315,750 shares with a nominal value of CFA33,639 each. CCML’s 31,575 shares therefore represent exactly 10 percent of the company, with a combined nominal value of about CFA1.06 billion. That figure reflects the accounting value of the shares, not the price Danpullo’s company paid for them.

The investment gives Danpullo’s business group a direct position in Cameroon’s logistics infrastructure at a time when the sector is becoming increasingly important to the country’s trade ambitions. AGL operates across logistics, port terminals, maritime services and rail transport in Africa.

AGL Cameroon is the former Bolloré Africa Logistics business. MSC acquired Bolloré Africa Logistics in December 2022 before the business was renamed Africa Global Logistics in 2023. The group now operates across several African markets and remains a major player in the continent’s supply chains.

The new stake also expands CCML’s longstanding presence in Cameroon’s economy. The company has been associated with Danpullo for years and was previously identified as his business group in connection with proposed local investment in the container terminal at the Port of Douala.

Danpullo has continued to expand and reorganise his business interests this year. In July, he launched Danpullo Capital with Swiss investment manager Kessner Capital, a Douala-based joint venture intended to manage and grow the family’s assets while investing across Central Africa.

The billionaire has also announced plans to invest 500 billion CFA francs, about $850 million, in Danpullo Air Line and two private airports in Yaoundé and Douala, with construction of the Yaoundé airport expected to begin in September 2026.

The AGL Cameroon transaction therefore adds another strategic asset to an increasingly diversified portfolio spanning transport, agriculture, telecommunications and real estate. For CCML, the 10 percent holding provides exposure to a major logistics operator at the heart of Cameroon’s trade infrastructure, while strengthening the presence of local capital in a sector historically dominated by international groups.

The transaction does not give CCML control of AGL Cameroon, and the legal notice does not disclose the company’s complete post-transaction shareholder structure. It does, however, establish Danpullo’s linked company as a significant shareholder with a 10 percent interest in the logistics business.