Bernard Okalia Bilia, the 13th Governor of the Southwest Region of Cameroon has been installed into his functions with a call for him to assist the President of the Republic achieve his mission of making Cameroon an emergent nation by 2035. The installation ceremony took place on Thursday March 29, 2012 at the Independence Square in Buea. In attendance where members of government, members of parliament, traditional authorities and other stakeholders of diverse ranks in public, para-public and private enterprises from within and outside the region. The occasion was characterized by speeches and cultural animation. Mr Bernard Okalia Bilia replaces Mr Koumpa Issa who is now Secretary of State in the Ministry of Defense in charge of Ex-service men and War Victims following a Presidential decree in January 2012.
The World Bank on Tuesday approved a $132 million zero-interest loan to help Cameroon build a dam to generate more electricity for homes and businesses across the west Central African nation. The World Bank joins several other organizations in helping finance the Lom Pangar Hydropower Project that is expected to increase hydroelectric generating capacity on Cameroon's Sanaga River by about 40 percent. The whole project is expected to cost $494 million, with $132 million financed by the International Development Association, or IDA, which is the bank's fund for the poorest countries.
By Stephen Njumbe Sako (The Entrepreneur NewsOnline Political Affairs Reporter)
Local Party Chieftains of the Fako III Section in Buea for the Cameroon People's Democratic Movement (CPDM) have called on militants to register en mass and prepare for upcoming municipal and legislative elections. The call was made on March 24, 2012 in Buea at the Youth and Animation Centre, by Honourable Emilia Monjoa Lifaka the Leader of the Central Committee Delegation to Buea. She urged militants and sympathisers of the party to actively participate in the recompilation of Cameroon's electoral register and be genuine stakeholders to Cameroon's destiny.
Aliko Dangote est toujours l'homme le plus riche d'Afrique avec une fortune estimée à 11,2 milliards de dollars. On ne présente plus le magnat nigérian qui est présent dans la distribution alimentaire, le ciment, le pétrole etc Il devance la famille Oppenheimer (6,8 milliards de dollars) qui a cédé 40% de De Beers, le numéro 1 mondial du diamant dans un deal évalué à 5,1 milliards de dollars. L’Egyptien Nassef Sawiris pèse 5,1 milliards de dollars de même que la famille Rupert (groupe de luxe Richemont). A la 5ème position des milliardaires africains, on retrouve un autre nigérian, Mike Adenuga (4,3 milliards de dollars). La fortune d’Adenuga vient de ses investissements dans le pétrole, la banque et les télécoms…
''The hard truth is that absolutely each of our days is weighed down by the heavy burden of the past.....In essence I am saying that the end of the Cold War created the danger that the ability of the peoples of Africa to determine their destiny would be severely compromised and undermined, and hence the calls for a “new imperialism” in the statements I cited earlier....The US still asserts its manifest destiny to lead the world...It is convinced that its exceptionalism means that, as Secretary Clinton put it, “if you’ve got people who are choosing a different path, then you have to use all the tools of your suasion to try to convince them that the path that you wish to follow is also the one that is in their interest as well.”...It will use all means at its disposal to achieve its geo-strategic objectives....One of these, as explained by Kissinger, is the utilitarian use of democracy and human rights as instruments to achieve defined geo-strategic goals...'''More
Emerging Africa: How 17 Countries Are Leading the Way By Steven Radelet (Author), Ellen Johnson Sirleaf (Introduction)
Paperback: 169 pages; Publisher: Center for Global Development (September 1, 2010) Language: English; ISBN-10: 1933286512; ISBN-13: 978-1933286518
EMERGING AFRICA offers a timely and useful analysis of historical developments on the continent and points the way forward many countries are now following. Of special interest is his presentation of growth rates and the relationship between investment and trade. Radelet draws effectively from the criteria of the U.S. Millennium Challenge Corporation and the UN Millennium Development Goals to demonstrate how Africa's partners can encourage national identification of priority advancement areas. The author merits praise for inclusion of diaspora professionals as well as identification of remaining obstacles to Africa's fullest potential as a global player.....Steven Radelet knows Africa about as well as anyone who starts from a Western perspective. He is also a premier economist. He has combined his intimate knowledge of the continent with his academic rigor to produce a remarkable and vital analysis of the progress that is moving much of Africa forward. It provides a model for the rest of Africa, and indeed the entire developing world, for progress.
Cameroon's 5 billion CFA francs ($10.15 million) worth of infrastructure bonds auctioned on February 17, 2012 yielded 14.8 billion CFA in bids with intrest rates ranging from 2.05 to 3.80 percent, the finance ministry said late on Thursday. The bonds, open to foreign investors, mature in August. Cameroon plans to issue a total 285 billion CFA francs worth of treasury bonds in 2012 to fund infrastructure projects. An auction of 10 billion CFA francs earlier in February was also oversubscribed with interest rates ranging from 2 to 5 percent, the finance ministry said. The next auction of 5 billion CFA worth of notes is on Friday, marking the last planned auction for the first quarter. Some 70 billion CFA worth of treasuries will be auctioned in the second quarter.//Reuters
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