1, August 2016
Germany, the largest economy within the European Union has suspended the financing of micro development projects in Cameroon for the years 2016 and 2017. The official reasons for this decision have not been made public by the Merkel administration. What we do know however is that applications will be accepted after the resumption of funding.
10 micro-projects were financed in 2012 alone. In total, the development assistance provided by the Federal Republic of Germany amounts to 679 million FCFA. This amount will, according to the German Embassy, grow to 65.8 billion FCFA.
The new leader at the German embassy in Yaoundé recently revealed that between 2017 and 2019, funds will be invested in three priority areas of German cooperation with Cameroon which includes decentralization and accountable governance, sustainable management of natural resources and natural resources. The health sector will also receive financial support to facilitate the fight against child and maternal mortality.
By Sama Ernest (Cameroon Concord News)