3, September 2019
Biya regime declares Southern Cameroons, Far North region “economic risk zones” 0
Cameroonian Prime Minister Joseph Dion Ngute on Monday signed a decree declaring the troubled Northwest, Southwest and Far-North regions “economic risk zones.”
Companies operating in the economic risk zones will benefit from tax exemption for three years, according to the decree which did not specify additional measures.
In July, Cameroon’s Minister of Economy, Planning and Regional Development Alamine Ousmane Mey said the country’s sustainable development goals were facing “significant obstacles” as a result of the insecurity in the two Anglophone Northwest and Southwest regions where separatists want to create an independent nation, and the insurgency of Boko Haram in the Far-North region.
Conflict in the Anglophone regions has led to the “partial or complete” closure of about 20 companies, according to government statistics.
Source: Xinhuanet
4, September 2019
CPDM 419: 300 new mining sites discovered in Cameroon 0
Some 300 new mining sites were discovered in Cameroon in the past five years, Cameroon’s Minister of Mining, Industries and Technological Development Gabriel Dodo Ndoke said on Tuesday.
New mines range from gold, zinc, rare earth, uranium, nickel and rutile to manganese, said Ndoke at the 2019 edition of Cameroon International Mining Exhibition and Conference (CIMEC), held from Monday to Wednesday in the capital city, Yaounde.
“The stakes of CIMEC are high given the multi-faceted, short and medium term benefits accruing from investments made and which we wish to attain through the mining and processing of minerals,” Ndoke said.
This year’s expo will feature an exhibition by mining companies and suppliers, speeches and discussions. More than 100 exhibitors will introduce the latest technology and equipment for the mining industry during the three-day expo, according to the organizers.
Source: Xinhuanet