Directorate General of Customs: The foundation stone of the future headquarters will be laid this Tuesday The construction of the future headquarters of the Directorate General of Customs is scheduled to launch this Tuesday, December 9. Louis Paul MOTAZE, Minister of Finance, will preside over the ceremony of laying the foundation stone. OF WHAT USE…
MACRON acknowledges the FRENCH BRUTAL PAST IN CAMEROON The French President, Emmanuel Macron, has come face-to-face with the realities of France’s brutal colonial past in Cameroon, from 1945 to 1971, against nationalist movements. President Macron overtly acknowledged French repression in Cameroon. This is a historic moment in Franco-Cameroon relations as it opens the doors for…
Mokom Ndi Ndzah: An Enlightened Vision for Cameroon’s Financial Future [Advertorial] As Managing Director of Stoneshed Asset Management, Mokom Ndi Ndzah provides insightful analysis of the state of public finances and markets in Cameroon. In this interview, he discusses the challenges of financing public debt, the role of public-private partnerships (PPPs), subsidies, privatization, and the…
ELYSÉE PALACE. TUESDAY, JANUARY 21, 2025. 10:15 AM. MINISTER SAMUEL MVONDO AYOLO, DIRECTOR OF THE CIVIL CABINET, REPRESENTED HE PAUL BIYA, PRESIDENT OF THE REPUBLIC, ALONGSIDE EMMANUEL MACRON, PRESIDENT OF THE FRENCH REPUBLIC, AT THE CEREMONY OF THE OFFICIAL DELIVERY TO THE FRENCH PARTY OF THE REPORT OF THE MEMORY COMMISSION. PARALLELISM OF FORMS REQUIRES,…
In a welcome announcement, Cameroon’s Minister of Finance, Louis-Paul Motaze, has shared optimistic news regarding the country’s economic outlook. Speaking at a recent event, Motaze revealed that Cameroon is on track to achieve significant economic growth, with projections indicating a growth rate of 4.1 percent by the end of 2024. Economic Growth Projections Motaze highlighted…
Cameroon has recently uncovered significant levels of fraud, corruption, and mismanagement within its public administration, leading to financial losses estimated at 59 billion CFA. The Ministry of Finance, led by Louis-Paul Motazé, revealed these shocking irregularities during a comprehensive cleanup operation targeting public finances. Some of the most glaring issues include: Fraudulent Birth Certificates: Investigators…
The Adamaoua Regional Council has planned a budget of 5.2 billion CFA francs for 2025. This budget is slightly increased from the previous year and aims to continue the Regional Development Plan. The main focus areas include improving educational infrastructure, enhancing healthcare facilities, maintaining and developing the regional road network, and supporting decentralized local authorities….
Simon PALEY n’est plus directeur général de TRADEX depuis hier soir. Son remplaçant n’a pas été confirmé. L’intérim est assuré par Patrick MVONDO, protégé de la Cléôpatre de la SNH, Nathalie Moudiki, la femme de l’administrateur directeur général de la SNH, Adolphe Moudiki, aujourd’hui dans l’incapacité de diriger la SNH pour des raisons de santé….
Justice: In Central Africa, the verdict in the counterfeit banknotes case will be known on September 4 A Central African, a Cameroonian and a Senegalese are being prosecuted before the High Court of Bangui for “simple money laundering and printing” and “alteration of banknotes”. The issue of counterfeit banknotes is a significant challenge in Central…
Cameroon’s Struggle with Army Pension Fraud: A Deep Dive into the CFA3.1bn Annual Loss In a significant development, Cameroon has uncovered a massive pension fraud within its army, costing the public treasury an estimated CFA3.1 billion annually. This discovery has sent shockwaves throughout the nation and highlighted the challenges of governance and accountability in the…
