Massive Devaluation of Franc Xcfa Versus the U.S. dollar
A young Cameroonian film director told AFP Monday he was kidnapped, interrogated for 11 days and tortured for a political fiction seen as lampooning President Paul Biya’s longevity.
European Union To Phase-In A Single Supervisory Body For Eurozone Banks
Yaounde, Cameroon Africa. (Cameroon News) – Cameroon’s foreign development partners have pledged to donate for the second phase of the Change Habits, Oppose Corruption (CHOC) Project that brings government and the partners together in the efforts to fight against corruption in the country. During a meeting in Yaounde on February 21, 2012, Germany promised about […]
Yaounde, Cameroon Africa. (Cameroon News) – Cameroon’s Supreme State Audit Office wants to establishment cooperation ties with Morocco’s Court of Accounts in order to tap from Morocco’s public finance management experience. The Supreme State Audit Office is a ministry in charge of fighting against the corruption, as well as embezzlement and misappropriation of public funds. […]
Cameroon Banks – CEMAC Zone Banks Record Marked Progress. The 45 banks in the Central African Economic and Monetary Community (CEMAC) zone, have recorded a marked progress in their activities.
Cameroon Energy Industry – African Institutions Provide FCFA 53 Billion For Lom Pangar Dam. The African Development Bank (ADB) is providing FCFA 32.9 billion and the Development Bank of Central African States (BDEAC) FCFA 20.3 billion to finance hydro-electricity plant, transmission line and distribution of energy with the framework of the Lom Pangar Dam project in East Cameroon.
Set’Mobile, Cameroon’s third mobile network created by Samuel Eto’o Fils Captain of Cameroon’s Indomitable Lions, the national football team.
Central African Bank Governor Refutes Possible Devaluation of CFA Francs . The Governor of the Bank of Central African States (BEAC), Lucas Abaga Nchama says there is no envisaged devaluation of the CFA francs, the currency used by countries of the Franc zone in West and Central Africa.
Cameroon Politics: Afriland First Bank General Manager Appointed Cameroon’s Finance Minister. President Paul Biya of Cameroon in a decree appointing a new government on December 9, 2011, appointed the General Manager of the Afriland First Bank, Alamine Ousmane Mey, the Minister of Finance.