logoBC
Yaoundé - 27 February 2021 -
Public management

Cameroon: 5,500 projects were funded in 2020, through the 3-year Special Youth program, President Paul Biya informs

Cameroon: 5,500 projects were funded in 2020, through the 3-year Special Youth program, President Paul Biya informs
  • Comments   -   Friday, 12 February 2021 14:32

(Business in Cameroon) - During his traditional speech on the eve of the national youth day celebration, President Paul Biya presented the achievements of the three-year "special youth" program initiated in 2016.  

 According to the Head of State, in 2020, 5,500 projects submitted by young Cameroonians were funded in the framework of the special youth program. Budget dedicated to funding the projects are estimated at about XAF15 billion. The investment has enabled the empowerment of more than 16,000 young people in 66 pioneering 2nd generation villages.  

According to some sources, these achievements highlighted by the president could have been even greater, if not for the pitfalls encountered in the implementation of the youth empowerment program, as well as the challenges of developing small economies.

"The main problem for the implementation of the three-year "Special Youth" Plan remains the availability of funding. This difficulty is reflected both in the slowness of the transfer and in the inadequacy of allocations," a source close to the case explains.  

Prescribed on February 10, 2016, by the Head of State, the three-year "special youth" plan has a budget of XAF102 billion. The initiative, which is being implemented beyond the original three-year period, aims to financially support 1.5 million young people in Cameroon. However, a general assessment of this plan has not yet been made publicly available.

BRM

mathurin-kamdem-the-douala-grand-mall-has-helped-us-african-entrepreneurs-overcome-our-complexes-a-little-more
Eighty (80) billion CFA Francs. That is the total amount for the "Douala Grand Mall & Business Park," a gigantic business, trade, and leisure center,...
cameroon-towards-the-development-of-a-customs-ministry-of-transport-collaborative-platform-to-identify-uncleared-cars-already-in-use
Cameroonian customs authorities announce that they will soon introduce a feature to their IT platform Cosmos  to help identify cars being used without...
cameroonian-fintech-diool-raises-xaf1-8-bln-to-develop-digital-payment-services
The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop...
belgium-seeks-facilities-for-the-importation-of-solar-power-plants-to-cameroon
On February 16, during an audience at the Cameroonian Ministry of Finance, Stéphane Dopagne, ambassador of the kingdom of Belgium, asked for facilities...

Mags frontpage


Business in Cameroon n96:January 2021

Cameroon moves to the industrial phase


Mathurin Kamdem, a determined patriot


Investir au Cameroun n106 Janvier 2021

Le Cameroun passe à la phase industrielle


Mathurin Kamdem, un patriote déterminé

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev