Business

Maize production in the world is relatively stable in 2017 according to the American ministry of agriculture (USDA) though still inferior to the 2016 record. The US and China are the world's greatest producers of the cereal with  three quarter of world reserve.

Classified 13th producer in Africa, Cameroon is also  witnessing a certain level of progress in maize production despite the shortage registered in 2011. Though production statistics for 2016 has not yet been published, according to provisional fIgures of the ministry of agriculture and rural development (MINADER), in 2015, maize production stood at 2148679 tons with an increase of 4.2% as compared to 2014. This progress which unfortunately does not satisfy local demand stands 2.5 million tons as of MINADER and 3 million tons according to findings from  FAO. This gives a deficit of 600,000 tons and to curb this deficit, mr Biya's regime has resorted to importing the cereal. A Cameroonian based economic news paper, EcoMatin, reports that the country imports in huge quantity to feed its population, adding that,  Biya's government imported 11270 tons of maize in 2013 which worth more than  fcfa 540 millions.  

The national investment promotion agency on its part indicates that the cost of imported  maize and its by-products stands at fcfa150 billion on an annual bases. Agronomists accounts for such deficit as resulting from poor government policies,  lack of mechanization of the sector, high cost of fertilizers, and the reluctance of farmers to use improved maize seeds and above all, the problem of farming land which is not accessible to all due to the outdated land law in Cameroon. 

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Rita Akana

29.Jul.2017

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The Cameroonian Minister of Transport, Edgar Alain Mebe Ngo’o, has just taken delivery of a donation of meteorological equipment worth a little more than one billion francs FCfa, we learn officially. This equipment has been offered by the People's Republic of China.

Destinés à équiper 23 stations météorologiques à travers le pays, ces équipements mis à disposition par le gouvernement chinois viennent renforcer le dispositif local en la matière, déjà constitué de 20 stations automatisées, apprend-on.

Destined to equip 23 meteorological stations across the country, this equipment provided by the Chinese government comes to strengthen the local facility in the field, already made up of 20 computerised stations, we learn.

Cette sollicitude de la Chine contribuera au succès du Programme d’adaptation aux changements climatiques, mis en place par le gouvernement camerounais afin de pouvoir favoriser la production de données utiles sur les variations climatiques.

This support from China will contribute to the success of the Programme of Adaptation to Climatic Change, established by the Cameroon.

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Rita Akana

26.Jul.2017

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La Republique du Cameroun has signed two loan agreements worth FCFA 88 billion with the French Development Agency.
The money is meant to support agricultural development in the country, they say.
The deal was reached on Friday in Yaoundé.
One of the major targets of the money will be promoting vocational training, officials say.
The Biya regime has stepped up borrowing in recent months, as it complains of financial difficulties.
It has borrowed from the Islamic Development Bank, the IMF, and Spain in  under six months.
Apparently Biya and his government have  a couple issues to handle. The fight against Boko Haram, the battle to stifle the Anglophone Struggle financially and physically, and mismanagement of state money are some of the problems plaguing our little country.

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Rita Akana

15.Jul.2017

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The president of the African Development Bank Group is expected on Saturday in Yaoundé  on a four-day visit.
Dr Akinwumi Adesina was invited by President Paul Biya. Both men will meet to discuss development issues.
Dr Adesina will also meet stakeholders in the field of development.
The African Development Bank Group is a multilateral development finance institution. It comprises three bodies - The African Development Bank, African Development Fund, and the  Nigeria Trust .
Its aim is to fight poverty and improve living conditions on the continent by promoting the investment of public and private capital in projects and programmes likely to bring economic and social development.

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Tasha Seidou

15.Jul.2017

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The President of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, will make an official visit to Yaounde, Cameroon, from 15 to 18 July 2017.During his stay in Cameroon, Adesina will meet with President Paul Biya, key government officials and development partners.

This visit aims to strengthen existing ties between Cameroon and Africa’s premier development finance institution.Cooperation between the Bank and the Republic of Cameroon has existed for 45 years. It began in 1972 with the construction of the Douala international airport terminal financed by the Bank.

To date, the Bank has provided loans and grants to Cameroon amounting to some US$ 2.5 billion, to finance about 100 development projects in the areas of national and sub-regional infrastructure, agriculture, energy, water and sanitation and governance.

The ongoing operations and programs are in line with the Bank’s ten-year strategy (2013-2022) and its High5 priorities: Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the people of Africa.

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pereezdlenMO

15.Jul.2017

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The Cameroonian government is preoccupied by the delay in construction works of the first phase of the motorway Yaoundé-Douala, which will connect the two capitals in the country. At least this is what emerged from a meeting just organised by the Minister of Public Works, Emmanuel Nganou Djoumessi, contract awarding authority of the first 60 Km of this motorway infrastructure, with the management of the company China First Highway Engineering Co Ltd (CFHEC). Indeed, we learned, after having used 32 months out of the 48 months scheduled for the delivery of the first phase of this project, CFHEC has only completed 40% of the work at June end, against 30% as of last 31 January.

En clair, au cours des six derniers mois, les travaux sur le chantier de cette autoroute ont progressé de seulement 10%, à cause des difficultés ayant même conduit à son arrêt total pendant quelques temps. La faute, apprend-on, à des lenteurs imputables davantage à l’Etat, lui-même, qu’à l’entreprise chinoise chargée de réaliser ce projet.

In other words, during the last six months, work on the site of this motorway has only progressed by 10%, due to difficulties having even led to a complete halt during some time. The fault, we learn, is tardiness attributed more to the State, itself, rather than to the Chinese company tasked with realising this project.

Among the obstacles which are slowing down the conduct of work on this motorway, are mainly cited the parsimonious payment of the Cameroonian counterpart, and the failure to release the rights of way on several kilometres to be constructed, due to delays in paying compensation to evicted populations.

As a reminder, the Yaoundé-Douala motorway construction project aims to build a modern road network of around 215 km between the two most important cities in Cameroon. The overall cost of the works is estimated at FCfa 284 billion.

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Rita Akana

14.Jul.2017

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