13, October 2016
Biya regime told to complete the construction of the Kumba-Mamfe road 0
The Economic Community of Central African States (ECCAS) has issued licenses to 23 enterprises doing business in Cameroon to export products tax-free to the ECCAS member countries.
The representatives of the 23 enterprises were handed over their licenses in a ceremony chaired by the Minister of Trade, Luc Magloire Mbarga Antangana.
Minister Luc Magloire Mbarga Atangana said the licenses are proof of government’s will to strengthen the private sector and reinforce sub regional integration.
The permits will enable the enterprises reach a larger market of about 160 million customers, improve the quality of products through competition and account for a turnover of about 408 billion FCFA.
The representatives for their part called on the Cameroon government to complete the construction of the Kumba – Mamfe road so as to improve business between Cameroon and neighbouring Nigeria.
CRTV
12, November 2016
Yaounde: CPDM government seeking an increase in the 2017 budget 0
It has been revealed that the CPM government is seeking an increase in the 2017 budget. According to the draft tabled during this current session devoted to examine the budget which started on Thursday the 10th of October, the government expects a budget of 4378.8 billion FCFA in 2017.
Cameroon Concord News understands if the budget is adopted by parliament, it will witness an increase of CFAF 139.1 billion compared to the 2016 budget. Our chief economic correspondent noted that it will record a more than 3% increase in relative value. 70% of the Finance Act will be devoted to the operating budget, as in previous years.
By Rita Akana