logoBC
Yaoundé - 22 February 2020 -
Economy

Cameroon : Public investment projects’ physical execution rate 10% down YoY in H1, 2019

Cameroon : Public investment projects’ physical execution rate 10% down YoY in H1, 2019
  • Comments   -   Monday, 09 September 2019 18:31

(Business in Cameroon) - By June 30, 2019, public investment projects’ physical execution rate was 42.27%. This was revealed during the first meeting of a set-up committee. The rate represents a 10.04% decrease compared with the 52.31% execution rate reached in H1 2018.  

The committee further reveals that the physical execution rate of projects funded with internal resources was 39.25% during the period under review; up from 38.37% in H1 2018. The financial execution rate was 33.9% down from 46.47% of H1-2018.  

For public investment projects funded with external resources, their physical execution rate was 45.01% in H1-2019, down from 63.39% a year earlier. The financial execution rate was 45.75% during the period under review, against 63.39% a year earlier.

According to the committee, these poor performances in the execution rates were due to constant delays in contracting processes, non-compliance with procurement plans and the lack of maturity of some projects inscribed in the public investment budget. There is also a low commitment to new public investment budget execution process, and security crisis in some regions. In addition, due to non-payment of monies owed, some contractors abandoned the projects.

S.A.

cameroon-pcp-afop-to-train-3-500-people-in-agropastoral-and-fishing-sectors-in-2020-2021
The agropastoral and fishing training programme PCP-Afop, steered by the Ministries of Agriculture and Livestock, has just launched the recruitment of the...
denmark-discusses-cooperation-areas-in-the-maritime-sector-with-cameroon
On February 19, 2020, in Yaoundé, the Minister of Transport, Ernest Massena Ngalle Bibehe, received in audience Danish ambassador to Cameroon Jesper...
french-start-up-heetch-effectively-launches-vip-motorcycle-taxi-service-with-a-network-of-250-drivers
Equipped with pink vests and helmets, 250 motorcycle taxis now roam the streets of Douala, on behalf of French start-up Heetch, the government daily...
british-firm-the-first-group-eyes-both-investors-and-investment-opportunities-in-the-cameroonian-real-estate-sector
On February 19, 2020, in Yaoundé, British firm The First Group’s executives presented investment opportunities in the real estate sector in Dubai to...

Mags frontpage


Business in Cameroon n84: February 2020

Money transfer business Cameroon is on the front line


Interview: «Shifting from bureaucratic management to efficient public management»


Investir au Cameroun n94: Février 2020

Sociétés de transfert d’argent Le Cameroun au cœur de la bataille


Entretien : « Passer d’une administration bureaucratique à une gestion publique performante »