8, November 2024
Football: Kylian Mbappé left out of France squad for Israel and Italy games 0
Kylian Mbappé has been left out of the France squad for their upcoming UEFA Nations League matches against Israel and Italy, with coach Didier Deschamps insisting the absence of the Real Madrid superstar “is for the best”.
It is the second successive France squad from which the national team captain has been absent after he also missed the October double-header against Israel and Belgium.
“I have spoken with him and I have made the decision for this get-together because I think it is for the best,” Deschamps told reporters at a press conference in Paris.
The 25-year-old Mbappé was rested for last month’s matches in order to help him recover from a minor thigh injury suffered playing for Real.
However, that quickly became a source of controversy when he returned to action for Real days later, before France had even played.
Mbappé was absent for France’s 4-1 win over Israel in a game played in Budapest and a 2-1 win in Belgium, and instead travelled to Stockholm for a short break with members of his entourage.
It was following that trip that Swedish media reported he was being investigated for an alleged rape. Mbappé himself said those reports were “fake news” while his lawyer said the player would take action for libel.
A Swedish prosecutor confirmed that an investigation had been opened, without naming Mbappé.
“I am not going to set out my argument, but I can say two things. The first is that Kylian wanted to come,” Deschamps added.
“The second is that it is not to do with the off-field problems because the presumption of innocence exists.”
Since last month’s controversy, the ex-Paris Saint-Germain forward has made four appearances for his club, scoring one goal. However, he remains short of his explosive best form.
“I don’t want to say any more about it. I stand by my decision,” Deschamps added.
France are second in Group A2 of the Nations League, one point behind leaders Italy, ahead of their final two fixtures.
They host Israel at the Stade de France next Thursday, November 14, and then play Italy in Milan three days later.
France are five points clear of Belgium in third place and the top two teams will qualify for the quarter-finals, which will take place over two legs next March.
The semi-finals and final will be played next June.
Veteran midfielder N’Golo Kante, of Al Ittihad in Saudi Arabia, returns to the squad along with Adrien Rabiot of Marseille.
Meanwhile, there is a first call-up for highly-rated Lille goalkeeper Lucas Chevalier, who takes the place of West Ham United’s Alphonse Areola in the squad.
Source: AFP



















8, November 2024
Biya regime borrows CFA1 trillion in foreign currency in first nine months of 2024 0
Cameroon’s public debt rose significantly in the first nine months of 2024. According to data from Cameroon’s debt management agency, the national sinking fund (CAA), the country’s Treasury borrowed CFA1.079 trillion from international lenders between January and September. Ten new loans were signed with various financial institutions to support development projects and help accelerate domestic debt payments.
Breaking down the figures, the largest borrowing occurred in July 2024 when Cameroon secured CFA323.8 billion from American bank Citi Group. These funds aimed to speed up the payment of overdue domestic bills that had been pending at the Treasury for over three months, in line with Cameroon’s economic program with the IMF.
Besides the international bond from Citi Group, Cameroon also signed project loans totaling CFA775.4 billion in the first three quarters. These project loans represent almost 72% of the total foreign borrowings so far, achieving 79.5% of the annual target set in the 2024 revised budget law, which capped project loans at CFA950 billion.
Higher Interest Rates
The CAA report highlighted that 60.1% of these loans were at non-concessional, market-level interest rates, amounting to CFA446.5 billion. In contrast, 39.9% were concessional loans, totaling CFA308.8 billion, which typically carry lower rates. This reliance on higher-interest loans means Cameroon is now borrowing more from commercial banks like Standard Chartered, Exim Bank USA, and Citi Group, which generally don’t offer reduced rates like multilateral institutions such as the World Bank or IMF.
This shift towards non-concessional loans increases Cameroon’s interest obligations, further straining public finances. For example, in just the first nine months of 2024, Cameroon’s Treasury paid CFA250 billion in interest to international lenders. To put this in perspective, this amount could fund projects like the construction of Douala’s second bridge over the Wouri River (estimated at CFA140 billion) and cover the CFA100 billion needed to rehabilitate the Lagdo Dam (72 MW) in northern Cameroon, which remains critical for electricity supply in the region.
Source: Business in Cameroon