Yaoundé - 30 September 2020 -
Public management

Feicom relieves over 10% of municipalities’ debts

Feicom relieves over 10% of municipalities’ debts
  • Comments   -   Tuesday, 08 September 2020 13:04

(Business in Cameroon) - During a Board of Directors meeting held on September 1, 2020, in Ngaoundéré, the regional capital of Adamaoua, the Special Fund for Equipment and Inter-Communal Intervention (Feicom) relieved part of municipalities’ debts.

Although the overall amount of the debts concerned by this relief has not been disclosed, the official release published at the end of the meeting informed that it represents 10% of the overall debts, except for municipalities in the Far North, North-West and South-West regions. The municipalities in these regions will be offered “special treatments,” the release added.

Indeed, the economic fabric of these three regions has seriously worsened because of the attacks of the terrorist sect Boko Haram (since 2013) and a separatist crisis (since late 2016). This thus affects the revenues of municipalities in these regions.

"For some of these municipalities, which are experiencing major operational difficulties due to unsustainable debt, more substantial relief has been granted," Feicom indicated without providing further details.  


Douala-based company Société commerciale immobilière-La fleur (SCI) informs that it is currently preparing to open the giant hippodrome ever built in the...
On September 22, Abbas Mahamat Tolli (photo), governor of the Bank of Central African States (BEAC), signed a decision allowing the BEAC (central bank of...
The Cameroonian Ministry of Public Works (MINTP) announces that the Kribi-Grand Zambi (53 km) road in Southern Cameroon will be delivered in March...
Yaoundé city hall, in collaboration with the association of Cameroonian tourist guides, recently created the first-ever tourist information office by a...

Mags frontpage

Business in Cameroon n91: September 2020

Covid-19 Insights from entrepreneurs

Land squabbles between citizens and the government

Investir au Cameroun n101 Septembre 2020

Covid-19 Des entrepreneurs s’expriment

Les populations défendent leur patrimoine foncier