logoBC
Yaoundé - 26 February 2020 -
Public management

Cameroon : Combined public companies’ short-term debts was 128% of their turnover in 2018 (CTR)

Cameroon : Combined public companies’ short-term debts was 128% of their turnover in 2018 (CTR)
  • Comments   -   Thursday, 06 February 2020 13:58

(Business in Cameroon) - In Cameroon, only 27% of public enterprises “have a balanced operating result.” According to the Technical Commission for the Rehabilitation of Public and Para public Companies (CTR), which states this fact, the “majority of public enterprises are in a loss,” with “significant debts.

To illustrate these facts, the CTR reveals that as of January 31, 2018, “the short-term debts” of these public entities was “128% of their combined turnover even if those debts were down compared to their level in 2017 when they were 144% of combined turnover.”  According to the CTR, this “constitutes a major budgetary risk for the State.” 

As a reminder, in 2017, the Ministry of Finance estimated the total debt of Cameroon's 37 public or publicly owned enterprises to be more than XAF2624.4 billion. Sonara, Camtel and the national water company (Camwater) were the top three public enterprises in debt with respective amounts of XAF763.2 billion, XAF554.5 billion and XAF352.4 billion.

The other public enterprises in the top five were the Electricity Development Corporation (XAF140.4 billion) and Sodecoton (XAF113.1 billion). 

BRM

social-housing-50-of-tenants-at-sic-s-mbanga-bakoko-houses-have-no-lease-agreement
Last weekend, Ahmadou Sardaouna, Director-General of Société immobilière du Cameroun (Sic), visited the social housing site of Mbanga Bakoko, a suburb in...
end-frauds-and-manipulations-that-usually-occur-at-cenadi-louis-paul-motaze-asks-new-officials
Last February 21, in Yaoundé, officials newly appointed at the Centre national de développement de l’informatique (Cenadi), which processes public...
daniel-ona-ondo-cemac-countries-have-a-yearly-structural-food-deficit-of-about-xaf2-000-billion
CEMAC countries have a yearly structural food deficit of about XAF2,000 billion. This was revealed by Daniel Ona Ondo, President of the CEMAC Commission...
cameroon-to-elaborate-strategy-to-involve-women-in-fight-against-maritime-crimes
In the coming weeks, the Ministry of Transport will develop a strategy to involve women in the fight against maritime crimes. This is the result of...

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 »