Yaoundé - 09 December 2019 -

Cameroon : Government met 52.31% of investment projects, at June 30 2018

Cameroon : Government met 52.31% of investment projects, at June 30 2018
  • Comments   -   Monday, 10 September 2018 14:07

(Business in Cameroon) - As at June 30 this year, the implementation rate of projects featured by the government investment budget stood at 52.31%, while the resources commitment rate was 58.69% and the resources liquidation rate was 54.55%. Cameroon’s national supervising committee of Public Investment implementation said after a meeting held September 7 in Yaoundé.

Compared to the same period last year, this translates into a decline in the implementation of Government-funded projects (centrally managed and assigned funds), both financially and physically.

Considering “internal resources”, the commitment rate as at 30 June 2018 was 54.75%, compared with 69.86% in 2017, thus a decline by 15.11 points; the liquidation rate was 47.14%, down from 66.90% in 2017 (-19.76 points). The projects’ physical implementation rate was 38.37%, down from 52.83% in the same period in 2017 (-14.46 points).

There are companies with very low financial capacities. Then, once they secure contracts, they fail to fulfil terms because of their weak financial capacity,” said Isaac Tamba, Managing Director of Economy. “There are some contracts which were awarded before we noticed that the service providers did not have the technical capacity to carry out the works,” he added.

Cameroon's State budget for 2018 is valued at CFA4,625.8 billion in commitment authorizations (CA) and CFA4,513.5 billion in payment appropriations (PA).

The total allocation for public investment is CFA1,403.8 billion in commitment authorizations and CFA1,291.5 billion in payment appropriations. Therefore, the government investment budget represents 28.6% of the State budget in payment appropriations, down from 36.3% in 2017 (-7.7 points).

Sylvain Andzongo

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...
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...
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...
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