(Business in Cameroon) - Fonds spécial d’équipement et d’intervention intercommunal  (Feicom), Cameroon’s municipal bank, handed out a little over 63 billion FCFA to decentralised local communities in 2013 in the form of additional municipal cents, states the release issued by the board of this State entity.

However, the same source confirms that Feicom only met 92% of its annual target, the expected amount to be distributed having been stopped in early 2013 at 68.6 billion FCFA.

Without explaining the reasons for this missed target, Feicom’s board celebrated “the solid raising of resources at this mid-point of the 2014 fiscal year,” since, as of June 30, 2014, “out of the predicted earnings of 52,921,444,383 FCFA, 66,064,616,673 FCFA have been raised which is a rate of 124.84%".