logoBC
Yaoundé - 24 April 2024 -
Public management

EU launches 4 billion FCFA initiative to fight Boko Haram

EU launches 4 billion FCFA initiative to fight Boko Haram
  • Comments   -   Sunday, 29 March 2015 19:15

(Business in Cameroon) - In order to help the Cameroonian authorities to fight the multifaceted crisis “that Boko Haram’s attacks on civilian populations engender” in the Extreme-North region, the European Union (EU) has announced that it will “soon” launch two new aid projects totalling 4 billion FCFA. This was announced on March 24, 2015 in an official release.

The first project, totalling 2.6 billion FCFA, will be used “to strengthen the operational capacity for protecting civilians, particularly firemen and border police.” The second project, worth 1.5 billion FCFA, “aims to encourage the socio-economic integration of under-privileged youth in the Extreme-North region.”

Indeed, many sources believe that Boko Haram, the Nigerian terrorist, Islamist sect, has been able to recruit large numbers of Cameroonian youth in the Extreme-North region due to their poverty. In light of this, the European Union is striving to make youth less susceptible to Boko Haram’s allure so as to reduce the Nigerian sect’s ability to recruit in Cameroon.

cameroon-s-red-cocoa-nears-labeling-as-oapi-awaits-coloration-analysis
The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »