logoBC
Yaoundé - 26 April 2024 -
Security

Cameroon: EU assists towns at risk of instability with CFA13bn

Cameroon: EU assists towns at risk of instability with CFA13bn
  • Comments   -   Wednesday, 14 November 2018 14:56

(Business in Cameroon) - Cameroon, represented by Alamine Ousmane Mey, Minister of Economy, signed November 13 three agreements with the European Union (EU) in Yaoundé to finance the Program for the Economic and Social Development of Secondary Cities at Risk of Instability (Prodesv).

As part of this program, EU is giving the country €20 million (CFA13.12 billion) through KfW bank. The 6-year Prodesv is part of the National Indicative Program (PIN) of the 11th European Development Fund (EDF) for Cameroon.

Focus towns include welcome-areas for refugees, internally displaced persons and other migrants: the South (Campo, Mintom), the East (Kentzou, Kette, Bétaré-Oya, Garoua - Boulaï), Adamaoua (Djohong, Meiganga, Ngaoui), the North (Baschéo, Madingring, Touboro) and the Far North (Mogodé, Mozogo, Kai-Kai).

According to the minister, this scheme aims, among other things, to prevent the risk of social conflicts due to pressure on available resources and the cohabitation of indigenous and migrant populations.

In that regard, public infrastructure promoting socio-economic development of these secondary cities will be built, operated, sustainably maintained and used by the populations of host communities and migrants. This will help create various jobs and local entrepreneurial opportunities.

S.A

amine-homman-ludiye-eneo-doesn-t-have-a-shortage-of-skills-problem-it-has-a-cash-problem
In less than ten months at the helm of Energy of Cameroon (Eneo), the Moroccan polytechnician has faced a number of crises against a backdrop of serious...
10-million-cameroonians-lived-on-less-than-1-80-per-day-in-2022-survey
The 5th Cameroonian Household Survey (ECam5), published by the National Institute of Statistics (INS) on April 24, revealed that nearly two in five...
noutchogouin-group-inaugurates-cfa5bn-animal-feed-production-plant-in-yaounde
Minister of Livestock, Fisheries, and Animal Industries (Minepia), Dr. Taïga, inaugurated a new modern and automated animal feed production plant in...
cameron-suspends-vessel-registrations-amid-ghost-ship-concerns-aims-for-digitization
Cameroonian Transport Minister Jean Ernest Massena Ngalle Bibehe issued a statement on April 22 announcing the suspension of registrations for vessels...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »