logoBC
Yaoundé - 29 March 2024 -
Cooperation

Cameroon: China grants CFA1.7bn to help address crisis in North-West and South-West regions

Cameroon: China grants CFA1.7bn to help address crisis in North-West and South-West regions
  • Comments   -   Monday, 03 September 2018 15:09

(Business in Cameroon) - The government of China committed 20 million Yuan (about CFA1.7 billion) to support the emergency humanitarian assistance plan for the Cameroonian North-West and South-West regions plagued by separatists’ violent protests. This announcement was made after Paul Biya met his counterpart Xi Jinping on the sidelines of the China-Africa cooperation forum (focac) which kicked off today September 3.

In succeeding to secure this financing, the Cameroonian President hit one of his visit’s targets. For the record, the Presidency of the Republic of Cameroon announced last August 29 that the “Chinese President Xi Jinping should announce China's support to the emergency humanitarian assistance plan decided by the (Cameroonian) Head of State, for people in the North-west and South-West regions who are victims of exactions from terrorists who turned into secessionists”.

Let’s note that under this humanitarian assistance plan initiated June 20, the government planned an estimated budget of CFA12.7 billion for 74,994 people over the 2018-2019 period. The plan also includes the 21,291 Cameroonian refugees in Nigeria as estimated by the Office of the United Nations High Commissioner for Refugees (UNHCR).

Sylvain Andzongo

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

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 »