logoBC
Yaoundé - 26 April 2024 -
Economy

Failing contractors abandon 38 public investment projects in Adamaoua

Failing contractors abandon 38 public investment projects in Adamaoua
  • Comments   -   Thursday, 02 September 2021 16:30

(Business in Cameroon) - Over 2018-2021, contractors abandoned 38 projects programmed in the public investment budget in Adamaoua. This was revealed by Amadou Bello, the Regional Delegate to the Minister of Economy in Adamaoua, during a field visit carried out by Yaouba Abdoulaye, Minister Delegate to the Minister of Finance.

According to regional tri-weekly L’œil du Sahel, which reports the figures, 81.5% of the projects (worth XAF1.2 billion overall) were abandoned because the contractors went bankrupt. In 5.2% of the cases, the projects were abandoned because the public treasury failed to pay the invoices issued by contractors, we also learn.

By abandoning those projects, contractors indirectly hinder infrastructure development in Adamaoua, which is officially one of the four poorest regions, the three other being the North, the Far-North, and the East.

Above all, those revelations revive the contractors’ selection process in the framework of projects programmed in the public investment budget.

BRM

amine-homman-ludiye-eneo-doesn-t-have-a-shortage-of-skills-problem-it-has-a-cash-problem
In less than ten months at the helm of Energy of Cameroon (Eneo), the Moroccan polytechnician has faced a number of crises against a backdrop of serious...
10-million-cameroonians-lived-on-less-than-1-80-per-day-in-2022-survey
The 5th Cameroonian Household Survey (ECam5), published by the National Institute of Statistics (INS) on April 24, revealed that nearly two in five...
noutchogouin-group-inaugurates-cfa5bn-animal-feed-production-plant-in-yaounde
Minister of Livestock, Fisheries, and Animal Industries (Minepia), Dr. Taïga, inaugurated a new modern and automated animal feed production plant in...
cameron-suspends-vessel-registrations-amid-ghost-ship-concerns-aims-for-digitization
Cameroonian Transport Minister Jean Ernest Massena Ngalle Bibehe issued a statement on April 22 announcing the suspension of registrations for vessels...

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 »