By Yvonne Soppo Disso
Cameroon and Spain have signed three separate financial conventions
worth 11.5 billion CFA francs to fund a number of development projects
in the country. The money, which is a loan from the Spanish government will be used in
funding rural electrification projects along the Cameroon – Nigeria
border, carry out a real-estate survey for taxation in Yaounde, Douala,
Garoua and Maroua and construct a fisherman training centre in Limbe. The three conventions were signed on Monday March 26, 2007 between Polycarpe Abah
Abah, Cameroon’s Minister of the Economy and Finance and the Spanish
ambassador to Cameroon. Spain is Cameroon's major trading partner within the European Union. The relationship and bilateral cooperation between Cameroon and Spain goes back to Cameroon's early years of independence. Mr Abah Abah vouched that the loaned funds would be properly accounted for and judiciously used for the intended purpose.
© The Entrepreneur Newspaper 2007. All Rights Reserved.
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