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