Cameroon pays out 30 billion FCfa to 31 companies and organisations

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Cameroon pays out 30 billion FCfa to 31 companies and organisations

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- Friday, 27 February 2015 03:01

(Business in Cameroon) - In a joint announcement published on February 25, 2015, Cameroon’s Economy and Finance Ministers released a list of 31 public companies and organisations that will receive “rehabilitation resources” in keeping with “plan contracts” signed with the government. These companies and organisations will receive a total allocation of 30 billion FCFA.

The donations range from 100 million FCFA for the National Veterinary Laboratory (Lanavet) to 6 billion FCFA for Cameroon Water Utilities (Camwater), the state entity responsible for the construction and maintenance of drinking water infrastructure.

Sectors (incomplete):

- Health: 10 billion FCFA
- Water: 6 billion FCFA
- Agriculture: 6 billion FCFA
- Construction: 3.5 billion FCFA

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