17, January 2023
Biya regime cuts diamond and gold export duties by 50% to control illegal exits 0
The Cameroonian government, in its 2023 Finance Act, announced it is cutting diamond and gold export duties by 50%. The fees will now be 5% of the FOB value of the ore to be shipped, instead of 10%.
“We have noted that since this exit tax was raised to 10%, spontaneous export declarations have virtually disappeared (although these ores continue to be exported from Cameroon, ed). The few revenues that Customs has been able to collect are the result of seizures from traffickers,” says an authorized source in the Customs Department. This means that, instead of providing more customs revenue to the Treasury, the increase in the export tax on diamonds and gold a few years ago has had the opposite effect in Cameroon. Indeed, mining operators and other buyers have developed informal export channels to avoid paying the tax. The new reduction in the exit tax is a way for the government to encourage the return to formal exports.
Gold and diamonds produced in Cameroon are highly prized by traffickers. According to official statistics, despite the creation of a mechanism to promote formal export channels, notably through Capam and more recently Sonamines, only about 10% of national gold production is sold in formal channels. The rest goes through informal channels, sometimes with the complicity of the producing companies.
The same phenomenon is observed in diamond production and marketing. For example, according to the Kimberley Process National Permanent Secretariat, Cameroon exported 654 carats of diamonds in 2019. However, the actual production was way more than that since a significant volume went through informal ways, the organization said.
As evidence, while 654 carats were exported, the Kimberley Process National Permanent Secretariat reveals that it was able to trace, throughout 2019, a little over 1,595 carats of diamond production.
Source: Business in Cameroon
17, January 2023
Zangaléwa: Founder and lead singer, dies at 71 0
Jean Paul Zé Bella from the Zangalewa group passed away on Sunday, January 15, 2023.
According to reports, Zangalewa’s group’s founder and leader, who is well known for the hit song “Zamina Mina Mina,” passed away from lung cancer. He was 71 years old.
Zé Bella died in the military hospital in Yaoundé, the nation’s capital.
Artist-musician Johnny Tezano claimed that Zé Bella had been battling lung cancer for several years. The news was also confirmed by various other artists online.
Who was Jean Paul Zé Bella
Ze Bella was the music artist of the band of the famous song Zamina mina (Zangaléwa)”. It is a 1986 hit song, sung by a Makossa group from Cameroon.
He was the famous author of Waka Waka. It was remixed by Shakira, the Waka Waka, the Official 2010 FIFA World Cup Song.
Ze Bella was the leader of the defunct group. He declared that while they were proud that a “world music icon” Shakira had remixed their song as the World Cup anthem, they nonetheless expected to be properly credited and adequately compensated.
Ze Bella Cause of Death
Ze Bella cause of death was lung cancer. Singer and drummer, Ze Bella who was born on 23 July 1952 in Sangmélima, Cameroon sadly passed away. He was a member of the Golden Sounds group.
Zamina mina (Zangaléwa) was the famous song released by Golden Sounds group. Following the widespread success, the group changed its name to Zangaléwa as a result of the song’s popularity.
During World War II, the majority of the band members served in the Cameroonian Army.