logoBC
Yaoundé - 08 December 2019 -
Infrastructures

  Government paid residents CFA1.4bn for third compensation phase, on Yaoundé-Nsimalen road construction  

  Government paid residents CFA1.4bn for third compensation phase, on Yaoundé-Nsimalen road construction  
  • Comments   -   Friday, 07 September 2018 15:48

(Business in Cameroon) - On September 5, Cameroonian authorities paid compensation to a new wave of people living along the Yaoundé-Nsimalen Highway, currently under construction on the “open country” section, in the Centre region.

As part of this payment operation, which is now at third phase, about CFA1.4 billion were paid to 179 people, we learnt. The move is seen as a good omen for work progress on this highway which is set to serve Yaoundé international airport. In recent months work was slowed as the residents refused to free the rights-of-way because they received no compensation. Now, from the date of payment, residents have been given 15 days to vacate.

BRM

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

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