Headline News

25, November 2024

Southern Cameroons Crisis: Amba commander killed in Bamenda ⁰

Two Amba fighters, including a commander, were killed when government forces attacked their hideout early on Sunday in Bamenda the chief city in the North West region.

The Cameroon government military action as confirmed by a source in the North West governor’s office was carried out in the early hours of Sunday.

Yaoundé says the Amba commander killed in the operation was responsible for the deaths of many soldiers and civilians.

Fighting between the Francophone dominated Cameroon government army and Southern Cameroons Restoration Forces has persisted in Cameroon’s two English-speaking regions of Northwest and Southwest since 2017 when the Ambazonia Interim Government attempted to establish an independent nation in these regions.

By Fon Lawrence with files

25, November 2024

2024 Cameroon Concord Person of the Year: Longue Longue, Eto’o in final list ⁰

Samuel Eto’o the man who was one of the world’s best strikers in the 2000s, and who was elected president of the Cameroonian Football Federation (Fécafoot) on December 12, 2021 and singer Simon Longkana Agno, widely known as Longue Longue including the Minister of Sports and Physical Education, Narcisse Mouelle Kombi have made the final list for the 2024 Cameroon Concord News Person of the of Year.

Our London Bureau Chief Asu Isong announced the names for the award late on Sunday.

Apart from Samuel Eto’o who won the award in 2008, top news makers like Longue Longue and Minister Kombi are prominent in the 2024 contest.

The ultimate winner of the award will be decided after votes from Cameroon Concord News readers all over the world.

Cameroon Concord News has honored a Person of the Year annually since 1999. The winner is an individual or any group that has deeply influenced the people of Cameroon over the past year. The winner of this coveted award is made public in December every year, and a profile of the winner accompanies the release. The winner must have affected the news in Cameroon constructively or in an undesirable way. This sought-after distinction is not an endorsement but recognition by the readers of this publication.

Past winners of the award include Cameroon football legend Samuel Eto’o, Bishop Emeritus Francis Teke Lisinge of the Diocese of Mamfe, the Southern Cameroons leader Sisiku Ayuk Tabe, Archbishop Andrew Nkea the Metropolitan Archbishop of the Bamenda Ecclesiastical Province, former Nigerian head of state Goodluck Jonathan and the Cameroonian despot Paul Biya.

Voting for the 2024 Cameroon Concord News Person of the Year is now open to all our readers.

How to vote: You simply need to send the name of your preferred choice via cameroonconcordnews@gmail.com

By Chi Prudence Asong in London

24, November 2024

COP29 final draft proposes ‘at least’ $300 billion for developing countries ⁰

Negotiators will soon decide whether to accept a proposed $300 billion funding package for poor nations to curb and adapt to climate change — a plan hammered out early Sunday by the head of fractured United Nations climate talks.

The deal to be presented to nations of “at least $300 billion by 2035” is a compromise between the $1.3 trillion a year developing countries seek to adapt to climate change and wean off fossil fuels and the current $100 billion amount.

Evans Njewa, the chair of the Least Developed Countries negotiating bloc of nearly 50 countries, wouldn’t comment specifically on the latest figure, but said “it’s a good value and we hope we can do better.”

The latest figure appears to be something that Fiji can live with, its delegation chief Biman Prasad told The Associated Press.

“Everybody is committed to having an agreement,” Prasad said. “They are not necessarily happy about everything, but the bottom line is everybody wants a good agreement.”

“While wealthy, polluting countries should have committed to a higher amount, this is a floor not a ceiling. The pressure to increase funding will only grow over time,” said Manish Bapta, president of the Natural Resources Defense Council. “This is not only the right thing to do morally — it is critical for humanity’s survival and prosperity.”

But not everyone was happy.

“The Global North has abandoned the Global South,” Avantika Goswami of New Delhi-based Centre for Science and Environment said. “This was the last remaining window for the North to step up, pay its fair share, and restore some semblance of trust in the multilateral process. They have failed,” Goswami said.

Mohamed Adow, of the think tank Power Shift Africa said the summit “has been a disaster for the developing world.”

“It’s a betrayal of both people and planet, by wealthy countries who claim to take climate change seriously,” he said.

Panama’s Juan Carlos Monterrey called it “unacceptable” in a post on X, saying “the text is detrimental to our future and the qualified goal is still very low.”

Earlier on Saturday, negotiators went from one big room where everyone tried to hash out a deal together into several separate huddles of upset nations.

Hallway talk oscillated between hope for shuttle diplomacy to bridge the gap and kicking the can down the road to sometime next year. Negotiators and analysts had mostly given up hope that the host presidency would get the job done.

The Azerbaijan presidency brewed up a new rough draft of $300 billion by Saturday afternoon that was never formally presented, but also dismissed roundly by African nations and small island states, according to messages relayed from inside the main meeting room. Then a group of negotiators from the Least Developed Countries bloc and the Alliance of Small Island States left the room.

When asked if the walkout was a protest, Colombia environment minister Susana Mohamed told The Associated Press: “I would call this dissatisfaction, (we are) highly dissatisfied.”

Activists gathered for a final protest outside the hall where leaders meet before a draft deal was announced Sunday, calling for rich countries to pay up, some with tape over their mouths. Even in the final weary hours, “it’s about life and death for all of us,” said Muhammed Lamin Saidykhan with Climate Action Network International.

“We are all in one ship. When the ship sinks, there’s no first class or second class. We are all gonna sink together,” he added.

Late Saturday, COP29 President Mukhtar Babayev gaveled through less contentious parts of negotiations — although the passing of Article 6, a mechanism to cut fossil fuels through a market for buying offsets for polluters was met with some opposition.

“We know that carbon markets have failed to address emissions and what they’ve done essentially is undermine the mandate to try to reach 1.5,” said Tamara Gilbertson, climate justice program coordinator with the Indigenous Environmental Network, referring to the goal to limit warming to 1.5 degrees Celsius (2.7 Fahrenheit) above preindustrial times.

“The flaws of Article 6 have, unfortunately, not been fixed,” said Isa Mulder, Policy Expert on global carbon markets. “It seems countries were more willing to adopt insufficient rules and deal with the consequences later, rather than prevent those consequences in the first place.”

The presidency hailed it as a success, saying its passing ends a decade-long wait to unlock a “critical tool” to slash emissions.

Developing countries accused the rich of trying to get their way — and a small financial aid package — via a war of attrition.

After bidding one of his suitcase-lugging delegation colleagues goodbye and watching the contingent of about 20 enter the meeting room for the European Union, Panama’s Monterrey Gomez had enough.

“Every minute that passes we are going to just keep getting weaker and weaker and weaker. They don’t have that issue. They have massive delegations,” Monterrey Gomez said. “This is what they always do. They break us at the last minute. You know, they push it and push it and push it until our negotiators leave. Until we’re tired, until we’re delusional from not eating, from not sleeping.”

But he added: “If we don’t get a deal I think it will be a fatal wound to this process, to the planet, to people,” he said.

Source: AP

24, November 2024

Biya regime looks to update civil protection laws amid rising disasters ⁰

Minister of Territorial Administration (Minat) Paul Atanga Nji presented a new civil protection bill before the National Assembly’s Constitutional Law Committee. Speaking to Minat TV after that presentation, he emphasized the need to update the current legislation, which dates back to 1986. “The world is facing disasters—floods, landslides, earthquakes. We must adapt to modern challenges,” he stated.

While details of the proposed law remain sparse, the minister highlighted the government’s aim to modernize the civil protection framework. He explained that the Presidential Office envisions a legal system that fosters greater coordination among key actors, including firefighters, medical professionals, and search-and-rescue teams, to ensure an effective and unified response to emergencies.

A key feature of the proposal is to strengthen the operational branches of the civil protection directorate under Minat across the national territory. “These branches will improve risk assessment, containment, and the establishment of more effective protection mechanisms,” Atanga Nji said.

In recent years, the country has experienced numerous deadly disasters, particularly landslides such as the recent tragedy at the Dschang cliff. Flooding is another recurring threat, especially in the Far North region, where heavy rains have compounded vulnerabilities. The National Observatory on Climate Change (Onacc) has repeatedly warned of escalating natural disaster risks.

Source: Sbbc

24, November 2024

Brexit: UK wants to hire EU negotiator to ‘reset’ relations ⁰

The UK government is hiring a new negotiator to help deliver a “reset” of relations with Europe.

The job posting says the role will lead the government’s relationship with the European Union and negotiations with the EU “on key UK interests”, with mentions of trade, security and border policy.

Prime Minister Sir Keir Starmer has committed to a “reset” of relations between the UK and EU, and previously said he would seek a better deal on trade than the one negotiated by Boris Johnson in late 2020.

However, the prime minister has said that resetting does not mean reversing Brexit.

The new negotiator role is advertised as “a high-profile senior position that will receive significant public scrutiny and political attention” in the job posting published online by the Cabinet Office.

The Second Permanent Secretary for European Union and International Economic Affairs would act as a “sherpa” – “a senior and personal representative of the prime minister at international summits and engagements”.

The person would be required to oversee and lead policy development on trade, including the Windsor Framework, the Trade and Cooperation Agreement, the Entry and Exit Scheme – a new upcoming digital EU border scheme – and other border policy questions.

The salary range is £153,000 to £200,000.

A spokesperson for the Cabinet Office said: “As we reset our relationship with the EU, building closer trade and security links and encouraging more investment from around the world, this new role will oversee that work.”

“Reporting to the minister for European Union relations, they will lead official-level discussions with the EU as we drive economic growth.”

Starmer has said he wants to strengthen relations with the EU.

In October, he made his first visit to Brussels since becoming prime minister, where he was welcomed warmly by EU Commission President Ursula von der Leyen.

Starmer called for closer co-operation on defence and security, climate change, irregular migration, and on delivering economic growth to help make Brexit work in the UK’s interest, he said.

US President-elect Donald Trump’s senior economic advisor Stephen Moore told BBC Radio 4’s Today programme last week that the UK “has to choose between the Europe economic model of more socialism and the US model which is more based on a free enterprise system.”

He said the UK is “caught in the middle”, but believed “Britain would be better off moving towards more of the American model of economic freedom and if that were the case, I think it would spur the Trump administration’s willingness to do the free trade agreement with the UK”.

Source: BBC

22, November 2024

Vera Songwe appointed by South African President Cyril Ramaphosa ⁰

Vera Songwe has been appointed by South African President Cyril Ramaphosa to his country’s highly prestigious Economic Advisory Council. This is an advisory body responsible for proposing guidelines on issues of openness to the ecosystem of members, employability and entrepreneurship, as well as societal issues.

The renowned Cameroonian holds a doctorate in mathematical economics, a Master of Arts in law and economics and a postgraduate diploma in economic and political sciences from the Catholic University of Louvain in Belgium. She also holds a BA in Economics and Political Science from the University of Michigan.

Dr Vera Songwe is a Senior Visiting Fellow at the Brookings Institution, co-chair of the high-level panel on climate finance appointed by the UK and Egyptian governments alongside Lord Nick Stern. She is the former Under-Secretary-General of the United Nations and Executive Secretary of the Economic Commission for Africa (ECA).

She has led many efforts to bring greater prosperity to Africa. She has worked with African heads of government, finance ministers and central bank governors, international organisations and the private sector on macroeconomic stability, monetary policy, financial innovation and inclusive growth, economic integration and trade, and private sector development.

She is a globally recognised and respected leader and has provided policy advice to many continental and institutional leaders worldwide. Previously, Dr. Songwe was Regional Director of the International Finance Corporation, covering West and Central Africa. She oversaw a multi-billion dollar investment portfolio in energy, transport, manufacturing and technology. She has also held a number of positions at the World Bank, including Country Director and Adviser to the Managing Director for Africa, Europe and Central and South Asia. She spent 10 years of her career working and living in Asia.

She joined the World Bank as a young professional. Prior to joining the Bank, she was a visiting scholar at the Federal Reserve Bank of Minnesota and the University of Southern California. Dr Songwe was named African Icon of the Year in 2022 by the African Bankers Association for her work on SDRs, inflation, debt management and domestic resource mobilisation. She was named one of the ‘100 Most Influential Africans’ by Jeune Afrique in 2021 as well as the top 50 most influential African women by Forbes magazine in 2019 and one of the 25 Africans to Watch by the Financial Times.

By Rita Akana

21, November 2024

Ireland: Cameroonian woman fined for theft at PENNEYS ⁰

A mother-of-three who had spent more than €100 buying clothing to bring home to children in her native Cameroon has been fined after stealing extra items.

Caroline Kepnang appeared before Letterkenny District Court charged with theft at Penneys in Letterkenny on June 13th last.

Garda Sergeant Jim Collins told the court that Ms Kepnang, of Cruach Mor, Mountain Top, Letterkenny, entered the store and bought a number of items which she paid for.

However, she was stopped by security leaving the store after she had failed to pay for six pairs of leggings and a t-shirt.

She had pleaded guilty to the theft of the other items valued at €17.30.

Solicitor for the accused, Mr Frank Dorrian said his client’s mother had just died in Cameroon and she was returning home for her funeral having lived in Ireland for several years.

She had purchased a number of items of children’s clothing including pyjamas and t-shirts with cartoons on them to the value of more than €100.

She had planned to distribute the clothing to local children once she got home to Cameroon.

However, Mr Dorrian said his client had exhausted her funds and took the other items.

The court was told that Ms Kepnang had a previous conviction for theft but it went back as far as 2017.

Judge Eiteain Cunningham noted there was a previous conviction but said it went back to 2017 and fined Ms Kepnang €100 and allowed her the maximum time of six months to pay.

Source: Donegaldaily

21, November 2024

Arrest warrants for Israel’s Benjamin Netanyahu, Yoav Gallant ⁰

The International Criminal Court (ICC) has issued arrest warrants for the Israeli regime’s prime minister, Benjamin Netanyahu, and his former minister of military affairs Yoav Gallant, over war crimes against Palestinians in the besieged Gaza Strip.

The ICC’s Pre-Trial Chamber I, composed of three judges, announced the sentence in a statement on Thursday, six months after the court’s Prosecutor, Karim Khan, requested it. Earlier, the ICC panel dismissed Israel’s appeals, contesting its jurisdiction.

20, November 2024

Wall Street falls as Russia-Ukraine tensions raise concerns ⁰

Wall Street’s main indexes dropped on Wednesday, as continued escalation of Russia-Ukraine tensions worried investors, while megacap Nvidia lost ground ahead of quarterly results.

Stocks dipped after a report Ukraine fired long-range British Storm Shadow missiles into Russian territory. That followed Ukraine launching US-made ATACMS missiles into Russia on Tuesday, and Russia announcing it had lowered the threshold for nuclear action.

Wall Street’s “fear gauge” jumped to 18.79 before easing slightly, but it was still trading at its highest since the November 5 US presidential election.

“There’s been more missiles firing between Ukraine and Russia, and the market doesn’t know what to think of that … tensions are escalating, not deescalating and that’s why you’re seeing the selloff in the markets,” said Dennis Dick, trader at Triple D Trading.

Meanwhile, AI leader Nvidia, which is scheduled to report results after the bell, dropped 0.8%, reversing modest premarket gains. The index heavyweight dragged the Information Technology sector as well as the tech-heavy Nasdaq.

Target plunged 20.7% after the retailer forecast holiday-quarter comparable sales and profit below Wall Street expectations following a third-quarter estimate miss.

It dragged down other retailers such as Dollar Tree and Dollar General which fell 3.4% and 4.9%, respectively.

Among other growth stocks, Tesla lost 1.8% and Amazon.com shed 1.7%.

The consumer discretionary and consumer staples indexes lost 1.1% and 0.9%, respectively.

But the spotlight remained on Nvidia, which has nearly tripled in value this year, accounting for about 20% of the S&P 500’s returns over the last 12 months, according to BofA Global Research.

“While expectations for Nvidia are high heading into its latest earnings report, we expect the company to report another strong quarter and live up to these high expectations,” said Clark Bellin, chief investment officer, Bellwether Wealth.

At 10:55 a.m. the Dow Jones Industrial Average fell 40.15 points, or 0.09%, to 43,228.79, the S&P 500 lost 30.00 points, or 0.51%, to 5,886.98 and the Nasdaq Composite lost 123.86 points, or 0.65%, to 18,863.61.

Cryptocurrency stocks ticked higher as bitcoin jumped above $94,000, with MicroStrategy and MARA Holdings up 14.6% and 13%, respectively.

Comments from Federal Reserve officials including Michelle Bowman and Susan Collins are expected through the day.

Traders have increased their bets on the US central bank leaving interest rates unchanged at its December meeting in the wake of strong economic data and signs of persistent inflation. They see a 44.5% chance of a pause next month, according to CME’s FedWatch tool.

Fed Governor Lisa Cook said recent data suggests that more cuts are likely appropriate as disinflation is expected to continue.

Declining issues outnumbered advancers by a 1.85-to-1 ratio on the NYSE and a 1.38-to-1 ratio on the Nasdaq.

The S&P 500 posted 25 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 66 new highs and 107 new lows.

Source: Reuters

20, November 2024

Star Building: Prime Minister Dion Ngute chairs cabinet meeting ⁰

On Tuesday 19 November 2024, Prime Minister Joseph Dion Ngute chaired a cabinet meeting.

Cameroon Concord News understands the meeting focused on the presentation of the aggregates of the 2025 preliminary finance bill: its general configuration and the main thrusts of the public investment budget.

Dion Ngute called on his government team to comply with the guidelines set out by President Biya in a circular dated 23 November 2024 on the preparation of the State budget.

‘I invite my team to respect the guidelines contained in the Presidential Circular of 23 October 2024, and to take into account the requirements induced by the principles of rationalisation and prioritisation’, insisted Chief Ngute.

The circular signed by the Head of State defines the overall objective assigned to the State budget for the 2025 financial year.

‘During 2025, the overall objective of public action remains the strengthening of the economic growth dynamic, as well as its inclusive nature, in order to promote the industrial transformation of our productive fabric and an improvement in the living conditions of the population. To this end, the following levers of action should be implemented as a matter of priority’, states the Biya document.

By Rita Akana in Yaoundé