logoBC
Yaoundé - 19 November 2017 -
Public management

Germany releases FCfa 89 billion in aid for Cameroon

Germany releases FCfa 89 billion in aid for Cameroon
  • Comments   -   Monday, 11 September 2017 06:31

(Business in Cameroon) - Hans-Dieter Stell, Ambassador of the Federal Republic of Germany in Cameroon, and Louis Paul Motaze, Cameroonian Minister of Economy, signed on 31 August 2017 in Yaoundé, the capital of the country, a technical and financial cooperation agreement for a total of FCfa 89 billion.

Part of this global funding, i.e. FCfa 66 billion, will be used, we officially learned, to finance projects related to the sustainable management of natural resources, governance and decentralisation, rural development, health and public civil engineering works.

The remainder of the funding, which is a donation from the Federal Republic of Germany to the State of Cameroon, representing FCfa 23 billion, will be used to fight infant mortality in the Eastern region as well as the three northern regions of Cameroon. This funding will also be used to support the mechanisms to manage the Central African and Nigerian refugees currently staying in Cameroon.

BRM

 

Mags frontpage


Business in Cameroon n57: November 2017

Cameroon: The whole point of the debt


Interview of Célestin Tawamba, GICAM


Investir au Cameroun n67: novembre 2017

Cameroun : tout l’intérêt de la dette


Interview de Célestin Tawamba, GICAM