logoBC
Yaoundé - 18 November 2019 -
Economy

Cameroon: XAF3,500 bln needed for the reconstruction of Anglophone regions (RDPC)

Cameroon: XAF3,500 bln needed for the reconstruction of Anglophone regions (RDPC)
  • Comments   -   Monday, 21 October 2019 16:06

(Business in Cameroon) - In Cameroon, more than XAF3,500 billion ($5.9 billion) will be needed to reconstruct the Anglophone regions, Jacques Fame Ndongo (photo), the ruling party (RDPC)’s secretary for communications, indicated last week.

According to the secretary, who is also the country’s minister of higher education, the amount will be needed for the implementation of the recommendations issued during the national dialogue, organized in early October to find solutions for the socio-political crisis in the Anglophone regions.

The major part of the fund will be used to revive state-owned agribusiness companies and relaunch projects stopped due to the crisis. “Plants and public infrastructures destroyed or rendered obsolete by lack of use due to the crisis” will also be renovated.

Let’s note that the government has already, a little over one year ago, an emergency humanitarian assistance plan for the Anglophone regions. The estimated budget for this plan is XAF12.7 billion ($21.7 million).

The Anglophone crisis started, in 2016, as corporatist demands. Gradually, it became a pro-independent movement aimed at creating an independent country gathering the Northwestern and Southwestern regions where most of the English-speaking community (little more than 20% of the population) resides.

Moutiou Adjibi Nourou    

cameroon-q3-2019-wood-exports-to-the-eu-drops-by-20-yoy-to-11-300-tons
Between July and September 2019, Cameroonian loggers exported only 11,300 tonnes of logs to the European Union market. According to the International...
belgian-and-czech-delegations-announce-their-interest-in-cameroon-s-energy-sector
On November 14, 2019, two Belgian and Czech delegations were received at Cameroon’s Ministry of Water and Energy. At the end of the two audiences granted...
cameroon-confirms-its-status-of-cemac-s-financial-center
The latest bond, whose issuance period ran from September 20 to October 2, 2019, by Gabon recorded a 126% subscription rate. With the authorization of...
port-of-kribi-french-navy-command-and-supply-ship-bcr-somme-docks-in-prelude-to-naval-exercise-in-the-gulf-of-guinea
As a prelude to a naval exercise currently being prepared in the Gulf of Guinea, the French Navy command and supply ship BCR “Somme” recently docked at...

Mags frontpage


Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon


Made in Cameroon products gradually take over supermarkets


Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun


Le Made in Cameroon progresse dans les supermarchés