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Yaoundé - 24 April 2024 -
Wednesday, 25 September 2013 15:48

86 Billion FDA Funds for Cameroon in 2012

–The French Development Agency (FDA) pumped in some 86.2 billion CFA Francs to finance Cameroon’s economy in 2012, its 2012 report indicates.

According to the report, the agency financed the global economy in 2012 to the tune of 4, 591 billion CFA francs and the 86.2 billion CFA francs new financing for Cameroon is in five sectors of the economy.

The report indicates that FDA’s support to financing Cameroon’s economy since 2006 is in the neighbourhood of 942 billion CFA francs in the domains of agriculture and rural development, infrastructure, development of productive sectors, social and environment sectors.

Published in Economy
Monday, 16 September 2013 19:13

22M PNDP Infrastructure in the West

– The Ministry of the Economy, Planning and Regional Development, through the National Community Driven Development Programme, PNDP, has realized infrastructure projects in the West Region to the tune of 22.8 million CFA francs.

Minister Emannuel Nganou Djoumessi officially inaugurated the classrooms, latrines and water points on Friday September 13, 2013 in Bamefap, Bamenkombo, Mbouda Sub-division. According to Cameroon Tribune, the Minister expressed satisfaction with the work done and promised government’s continuous efforts to stand by the population for a better living.

According to the PNDP Coordinator for the West Region, Boniface Megouo, the programme between 2004 and 2009 financed 158 micro projects in the Region to the tune of 3.5 billion CFA francs.

Published in Infrastructures
Monday, 16 September 2013 16:55

Public Works Ministry Gets New Organigramme

- The Head of State, Paul Biya, has reorganized the functioning of the Ministry of Public Works, allowing it to efficiently pilot infrastructure projects needed to catapult the economy to emergence by 2035.

The new organigramme contained in a Presidential decree of September 13, 2013 creates a department of infrastructure, which is supposed to partner with other structures in the construction of rail, ports (sea and air), energy, as well as environmental projects.

Another new department born out of the presidential decree is that of technical studies. Placed under a Director General, the department will serve as a reference point in matters of technical studies of projects. It is also to follow up the quality and cost as well as deadline of public works infrastructure in the country.

Also Read

23-08-2013 - Bridge Announced Over River Ntem, Links Cameroon and Equatorial Guinea

17-05-2013 - Cameroon Wants To Construct 50 Bridges In All Ten Regions

Published in Governance
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The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
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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...

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