Headline News

16, September 2024

Biya regime distributes disaster relief funds as deadly floods devastate Far North region ⁰

President Paul Biya has allocated 350 million XAF (about 591,809 U.S. dollars) for flood relief after rainstorms caused severe flooding across the Far North region, a senior official said Friday.

The flooding has claimed 11 lives, destroyed 40,000 homes and displaced 180,000 people, Minister of Territorial Administration Paul Atanga Nji told reporters Friday in the capital, Yaounde.

“It is unfortunate that we have casualties, but we have to assist the population. We need to anticipate and put in place preventive measures in cases of flood. The vulnerable population or those impacted by the floods must receive assistance in the fastest possible way,” Nji said.

He added that within 48 hours, about 50 trucks loaded with relief materials would be dispatched to the region.

In response to mounting pressure from heavy rains, local authorities had earlier requested urgent aid for flood victims. In August, Cameroon’s meteorological center warned of continued turbulent weather, predicting that heavy rains and strong winds would persist in the region, which has already experienced devastating downpours.

Source: Xinhuanet

13, September 2024

Football: PSG ready to try ‘legal forum’ after Mbappé refuses mediation in wage dispute ⁰

Paris Saint-Germain are ready to face Kylian Mbappé in a “legal forum” after the France forward refused an offer from the French football league’s governing body (LFP) to mediate on a wage dispute, the Ligue 1 club said on Thursday.

While PSG welcomed the LFP’s offer to mediate on Wednesday, the offer was refused by the France skipper.

French media reported the 25-year-old, who had a fallout with the club last year after refusing to sign a contract extension, is seeking around €55 million ($60.73 million).

The Commission have suggested that Mbappé either go to an employment tribunal or settle the matter with the club where he spent seven seasons and became their all-time top scorer before making the switch to Real Madrid in June.

“Having heard the arguments of the parties yesterday, the Commission repeatedly insisted upon mediation between Paris Saint-Germain and the player to find a compromise in light of PSG’s favourable arguments,” the club told Reuters.

“This mediation process has been refused by the player, contrary to the Commission’s recommendation.

“…in light of the limitations of the Commission’s legal scope to take a complete decision on this matter, the matter must now be contested in another legal forum, to which Paris St Germain is delighted to present all the facts over the coming months and year.”

Last year they reported Mbappé had agreed to forego loyalty bonuses if he left PSG on a free transfer.

In January, Mbappé had said he made an agreement with PSG chairman Nasser Al-Khelaifi which would “protect all parties and preserve the club’s serenity for the challenges ahead”.

“As a matter of law and fact, the player has made clear, repeated public and private commitments that must be respected, having been afforded unprecedented benefits by the club over seven years in Paris,” PSG added.

“The club looks forward to these being upheld in the proper forum, if the player seeks to pursue this incomprehensibly reputationally damaging matter further, in due course.”

Mbappé’s representatives were not immediately available for comment.

Source: Reuters

13, September 2024

Senegal’s president dissolves parliament to call a snap legislative election ⁰

President Bassirou Diomaye Faye of Senegal dissolved the opposition-dominated parliament on Thursday, paving the way for a snap legislative election six months after he was voted in on an anti-establishment platform.

The new election has to take place within the next 90 days, according to the country’s constitution. Analysts say that Faye’s political party, PASTEF, has a high chance of securing a majority, given his popularity and his victory margin in the presidential election.

Faye, 44, won the vote in April to become Africa’s youngest elected leader, less that two weeks after he was released from prison.

His rise has reflected widespread frustration among Senegal’s youth with the country’s direction — a common sentiment across Africa, which has the world’s youngest population and a number of leaders accused of clinging to power for decades.

During the presidential campaign, he promised widespread reforms to improve the living standards of ordinary Senegalese, including fighting corruption, reviewing fishing permits for foreign companies, and securing a bigger share from the country’s natural resources for the population. He was elected with 54% of the votes.

But six months later, these pledges have yet to materialize.

Faye and Ousmane Sonko, the country’s prime minister and a popular opposition figure who helped catapult Faye to victory, have blamed the parliament. Their political party, PASTEF, does not hold a majority in the assembly, which Faye says has blocked him from executing the promised reforms.

In June, the Benno Bokk Yakaar coalition led by the former President Macky Sall cancelled a budgetary debate in a dispute over whether Sonko was required to issue his government’s policy roadmap, with Sonko arguing that he was not required to.

The tensions between the government and the parliament are “unprecedented,” Alioune Tine, founder of Afrikajom think tank, told The Associated Press. “It is all the result of the dysfunctions of the electoral process of the 2024 presidential election,” Tine said.

Faye’s decision to dissolve the national assembly does not come without risks, Gilles Yabi, political analyst and founder of WATHI think tank, told the AP.

The assembly has until the end of December to vote on the budget for next year, but new legislative elections might make it hard to meet this deadline.

The presidential election in April tested Senegal’s reputation as a stable democracy in West Africa, a region rocked in recent years by coups and attempted coups.

Both Faye and Sonko were released from prison less than two weeks before the vote following a political amnesty announced by outgoing President Macky Sall. Their arrests had sparked months of protests and concerns that Sall would seek a third term in office despite term limits. Rights groups said dozens were killed and about 1,000 were jailed.

Over 60% of Senegalese are under 25, and 90% work in informal jobs. Senegal has been hit by skyrocketing inflation in recent years, making it difficult for them to get by.

The country is also the major source of irregular migration to Europe, with thousands leaving every year on rickety, artisanal fishing boats in search of economic opportunities.

Thursday’s announcement came days after one such boat carrying almost 90 people capsized, killing at least 39.

Source: AP

12, September 2024

Cameroon sees 19% boost in investments for 2023 ⁰

Businesses in Cameroon increased their investments by 19% in 2023, according to a report released on September 10 by the National Institute of Statistics (INS). However, despite this rise, the deterioration of production equipment continues, increasing from 59.6% in 2022 to 60.1% in 2023, the document noted.

This means that even though companies put more money into their operations in 2023, —up from a 13% increase in 2022—most of the equipment used for production is still in bad shape. This ongoing issue, often due to maintenance problems, usually leads to lower productivity and various economic problems like decreased sales, shortages, and temporary job losses.

On a positive note, 2023 saw the highest level of investment spending since the recovery began in 2021, following a slowdown between 2018 and 2020. The COVID-19 pandemic, particularly in 2020, caused major disruptions globally due to lockdowns.

Bank Loans Driving Investment

The rise in investment was mainly driven by businesses in two key sectors. The INS report highlights that investments in the primary sector (up by 86.9%) and the secondary sector (up by 36.9%) were particularly strong. This trend is also reflected in a foreign trade report released on May 4, 2024, which shows a 26% increase in spending on imported equipment and machinery in 2023 compared to the previous year.

“Mechanical and electrical equipment are essential for the country’s economic growth. Imports of these items made up 13.2% of all import spending in 2023, totaling CFA656 billion, which is a 26.5% increase from 2022. This demonstrates Cameroon’s commitment to improving its technological capabilities,” the report noted.

Furthermore, this surge in investment came alongside an increase in medium- and long-term bank loans, which are better suited for funding infrastructure and production projects. According to the 2023 activity report from the Bank of Central African States (BEAC), medium-term loans in Cameroon grew by 4.9% from 2022 to 2023, while long-term loans saw a significant 48.2% increase during the same period.

Source: Business in Cameroon

12, September 2024

BEAC cuts liquidity injection to banks to CFA 200bn ⁰

The Central Bank of Central African States (BEAC) announced yesterday a new liquidity injection for banks, amounting to CFA200 billion. This comes just a week after a similar operation for CFA250 billion, which saw a subscription rate of almost 170%. Banks had expressed a total demand of CFA423 billion.

After gradually increasing the weekly liquidity offer from CFA50 billion in June 2024, when liquidity injections into the banking sector resumed, to CFA250 billion in August 2024 BEAC has now reduced its offer. However, recent refinancing operations show that banks in the CEMAC region are in significant need of liquidity. In recent months, demand has consistently exceeded supply.

This cautious approach by the central bank is aimed at balancing the fight against inflation with the need for economic growth. BEAC continues to tighten its refinancing policy to curb inflation, despite signs that inflation has eased in the CEMAC region over the past few months. BEAC notes that economic growth, which depends on financing the economy, is projected at 3.6% in 2024 the highest level in a decade.

Source: Business in Cameroon

11, September 2024

Beti Assomo discusses cooperation with South Korea defense chief ⁰

South Korea Defense Minister Kim Yong-hyun held bilateral talks with his counterpart from Cameroon on Wednesday to discuss the security situation, and ways to broaden defense and arms industry cooperation, his office said.

In what marked the first defense ministerial meeting between Korea and Cameroon since the establishment of diplomatic ties in 1961, Kim and his counterpart, Joseph Beti Assomo, agreed to seek cooperation in the defense and arms sectors, including in the state communications network business of Cameroon, according to the South’s defense ministry.

The meeting came on the sidelines of the annual Seoul Defense Dialogue that kicked off its two-day run earlier in the day. Some 900 security officials and experts around the world joined the forum for discussions on regional and global security issues and challenges.

Source: Korea Times

11, September 2024

New York: Philemon Yang chairs UN Assembly ⁰

Former Prime Minister Philemon Yang took over the presidency of the United Nations (UN) General Assembly on Tuesday, calling on the world’s divided nations to come together and act to address global challenges, from climate change to poverty, conflict and armed violence.

Yang told the 193-member world body that there were doubts about the ability of nations to join forces to tackle these and other pressing issues. But he added: “We must demonstrate that international cooperation remains the most effective tool at our disposal to address the deep and borderless problems we face.”

Mr Yang, a former diplomat who served as prime minister of Cameroon from 2009 to 2019, said the cornerstone of his one-year presidency “will be built on the principles of unity in diversity”. He added that peace and security would continue to be “of paramount importance” during his presidency.

“I will therefore urge the Assembly to intensify its determination to prioritize the resolution of conflicts, including the intractable conflicts in the Gaza Strip, Haiti and Ukraine, as well as to find lasting solutions to the situation in the Great Lakes region and elsewhere in Africa ,” Mr. Yang said.

Outgoing General Assembly President Dennis Francis has urged the United Nations, which was created from the ashes of World War II , to live up to its mandate of maintaining international peace and security.

“It is no exaggeration to say that the scale of man-made human suffering that we are witnessing around the world is simply staggering ,” said the former diplomat and ambassador of Trinidad and Tobago , referring to Gaza and other conflicts.

But Francis also warned that millions of people today live in abject poverty and despair, and that “on our current trajectory, millions more will face poverty and hunger by 2030. “

UN Secretary-General Antonio Guterres also stressed the need for nations to work together.

He said the 78th session of the General Assembly, which ended Tuesday morning, had been “a tumultuous year” marked by persistent poverty, inequality, injustice, division, violence and conflict, and had also been the hottest year on record.

“But this session also ends at a time of growing hope and inspiration about what we can achieve if we work together,” the UN chief said.

Opening the 79th session of the Assembly on Tuesday afternoon, Mr. Guterres told diplomats: “Step by step, solution by solution, we can rebuild trust and faith in each other, and in what we can achieve through collaboration and solidarity.”

Mr. Yang will chair the next gathering of world leaders at the General Assembly, beginning with the Future Summit on 22-23 September, convened by the Secretary-General to spur multilateral action on global issues and reform global institutions founded after World War II, including the United Nations.

Immediately after the summit, world leaders will hold their annual meeting from September 24 to 30, with public speeches at the assembly and many private meetings where world affairs are often discussed.

Source: Africa News

11, September 2024

Football: Manchester United post losses for fifth straight year ⁰

Manchester United on Wednesday posted net losses of £113.2 million ($148 million) for 2023/24 despite earning record revenues — their fifth straight year of losses.

In the year to June 30, 2024 the Premier League club recorded record revenues of £661.8 million — up 2.1 percent — driven by record commercial and matchday revenues.

United incurred costs of £47.8 million in “exceptional items”, mostly related to Jim Ratcliffe’s purchase of a minority stake in the club, which was completed in February.

United finished eighth in the Premier League in the 2023/24 season — their lowest finish since 1990 — and exited at the group stage of the Champions League.

But Erik Ten Hag’s men won the FA Cup — beating Manchester City in the final at Wembley for a second trophy in two years.

United have embarked on a major backroom shake-up in recent months, including bringing in a new chief executive, Omar Berrada, poached from Premier League champions Manchester City.

“As I embark on my new role as chief executive officer of this historic club, we are all extremely focused on working collectively to create a bright future with football success at the heart of it,” said Berrada.

“We are working towards greater financial sustainability and making changes to our operations to make them more efficient, to ensure we are directing our resources to enhancing on-pitch performance.”

The Premier League’s profitability and sustainability rules allow a maximum loss of £105 million over a three-season period, but within that certain losses are deemed “allowable” such as infrastructure, youth team and women’s team spending.

Everton and Nottingham Forest both incurred points deductions last season after being found to be in breach of PSR.

United, who have started the new Premier League season with two defeats in three matches, return to action at Southampton on Saturday.

Source: AFP

11, September 2024

US: Trump claims presidential debate was ‘rigged’ against him ⁰

Republican US presidential candidate Donald Trump on Wednesday claimed that his televised debate with Democratic rival Kamala Harris and carried by American outlet ABC had been “rigged”. He also criticised Taylor Swift, one of the music industry’s biggest stars, for endorsing Harris after the debate.

Republican US presidential candidate Donald Trump on Wednesday claimed — without providing evidence — that the debate between him and rival Kamala Harris was “rigged.”

“It was a rigged deal, as I assumed it would be, because when you looked at the fact that they were correcting everything and not correcting with her,” he said on right-wing news channel Fox News.

He also panned pop megastar Taylor Swift for endorsing Harris shortly after the debate, saying: “I was not a Taylor Swift fan… she’s a very liberal person. She seems to always endorse a Democrat, and she’ll probably pay a price for it in the marketplace.”

Source: AFP

11, September 2024

US Presidential Debate: Harris won every round. Trump never landed a punch ⁰

US Vice President Kamala Harris and former president Donald Trump clashed in a fiery presidential debate last night, with Harris frequently putting Trump on the defensive. With sharp critiques and direct jabs, she repeatedly forced Trump to defend his record and past behaviour.

The headlines speak for themselves today. “Harris Puts Trump on Defensive in Fierce Debate”, reads the New York Times. “Harris keeps Trump on defensive”, offers the Washington Post. “Harries tried to throw Trump off his game. He repeatedly took the bait”, CNN insists.

The through line of last night’s US presidential debate between Kamala Harris and Donald Trump seems to be that she laid out bait that he took, time and time again.

With only eight weeks until election day, Harris and Trump tried to make their case to voters in a debate that lasted 90 minutes. Meeting for the first time onstage in Philadelphia, the candidates addressed flashpoints including inflation, abortion, immigration and foreign policy.

Harris strategically deployed pointed remarks, accusing Trump of belittling people and stating that foreign leaders were laughing at him. Trump, visibly unsettled at times, often found himself rebutting rather than attacking. “She won every round. Trump never landed a punch,” historian and former adviser to Ronald Reagan Bruce Bartlett wrote on X.

Marco Vicenzino, a geopolitical expert, echoed this sentiment, telling FRANCE 24 it was “the most definitive evening of Harris’s political career”.

“Trump allowed Harris to get under his skin,” he added.

Immigration

During a question on immigration, Harris packed a hefty punch when she went on the offensive and mocked Trump rallies, suggesting attendees leave early “out of exhaustion and boredom”. The jab by Harris at the start of the section was, by any measure, a success. Instead of addressing the topics brought up by the moderators, including some Trump typically views as his political strengths, he ended up focusing heavily on the entertainment aspect of his rallies.

His retort then veered into unfounded claims, such as suggesting Haitian immigrants in an Ohio town were stealing and eating people’s pet cats and dogs. Trump also slandered immigrants in an earlier response on the cost of living and inflation, blaming them for destroying the economy. He claimed people were “pouring in” from “prisons and jails, from mental institutions and insane asylums” for taking jobs that are “occupied right now by African Americans and Hispanics, and also unions”.

Harris countered with an impassioned defence of foreign contributions to the US economy, pointing out the importance of migrant labour in essential sectors such as healthcare, agriculture, and technology. Describing Trump’s portrayal of immigrants as “fear-mongering”, she criticised his administration’s handling of the southern border and particularly the family separation policy.

To wrap up her arguments, Harris employed a strategic move that appealed to both progressives, who favour more lenient immigration policies, and moderates looking for sensible reforms: she emphasised her stance on transforming the immigration system to be more humane and contrasted her vision with Trump’s focus on border security and deportations. She recalled that the former president had killed a bipartisan bill she supported to strengthen security at the Mexico border. “He’d rather campaign on a problem than solve it,” she scoffed.

Economy

US polling suggests the public is disappointed by how the Biden administration has handled the economy, especially inflation. But Harris used the flashpoint to focus on Trump’s tariffs, dubbing them “Trump sales tax”, and mentioned Project 2025, a controversial plan for a future Republican administration that the former president has repeatedly denied having links to.

“Trump can deny any knowledge of Project 2025, but I know from experience as a political appointee that it will be a blueprint if Trump wins because that’s the only plan that exists,” Bartlett wrote on X.

Trump defended his widespread tariff plan that he has previously suggested could fund child care, boost manufacturing, quell immigration and encourage the use of the US dollar. He also highlighted how the Biden administration kept many of the tariffs he implemented from his first term. However, his defence left little room for an effective counterattack against Harris on economic issues. Trump’s insistence on a return to his tariff-heavy approach appeared disconnected from the more immediate economic concerns of many voters, which hinge on a high cost of living and inflation.

Harris emphasised her “opportunity economy” plan, focusing on tax breaks for first-time home buyers, young families and new businesses – as well as incentivising companies to build affordable housing.

In his closing statement, Trump finally came out with an argument that could have given him the upper hand earlier on in the debate. As Harris detailed her programme, the Republican candidate rebutted that as part of the Biden administration, Harris failed to “fix the border” and “create jobs”.

“She should leave right now, go down to that beautiful White House … and do the things you want to do but you haven’t done it – you won’t do it,” Trump said.

Abortion

Though a majority of the US public disapproved the Supreme Court’s decision to overturn Roe v Wade, Trump defended his handling of abortion by saying it is what the people wanted. But his flip-flopping on the issue in the last couple of weeks meant that his debate performance came across as “rambling” to many.

While Trump has sought to moderate his stance on the issue by criticising six-week abortion bans and expressing his support for exceptions in the case of rape or life of the mother, he also inaccurately argued in the debate that some states allow abortions after a baby has been born, a claim ABC News moderator Linsey Davis corrected. “There is no state in this country where it is legal to kill a baby after it’s born,” Davis interjected.

Harris was arguably strongest on abortion and made a personal appeal to those affected by restrictive state laws, dubbing them “Trump abortion bans”. Highlighting her opponent’s inconsistency on the matter, she warned that Trump’s lack of clarity posed a threat to women’s reproductive rights nationwide and framed his stance as an ongoing attack on women’s autonomy.

Foreign policy

Foreign policy discussions saw Harris targeting Trump’s previous negotiations with the Taliban and his plans for secret talks at Camp David, the presidential retreat in Maryland. She highlighted his controversial stance on NATO, where Trump reiterated his view of the alliance as a club.

Trump argued that the war in Gaza wouldn’t have erupted if he were in charge, claiming his tough stance on Israel kept adversaries in line. He slammed the Biden administration for lacking a strategy, while Harris shot back, pointing out that Trump’s policies like cutting aid to Palestinians and moving the US embassy to Jerusalem may have fanned the flames of conflict.

On Ukraine, Trump boasted that Putin wouldn’t have dared invade under his watch, citing his “strongman” approach and ties with the Russian leader as proof. Harris didn’t hold back and emphasised the need for steady support for Ukraine, countering that Trump’s isolationist tendencies would undermine NATO and embolden Putin.

On China, Trump continued his hardliner rhetoric, arguing that his tariffs and trade wars were necessary to protect American jobs. Harris countered that the tariffs had hurt American farmers and consumers more than China, and suggested that diplomacy and coalition-building were more effective strategies. She also pointed to Trump’s praise for authoritarian leaders, claiming it showed a troubling pattern of undermining democratic norms.

Following the debate, Trump complained about being “cornered” by both Harris and the moderators, accusing them of favouritism. While it remains unclear if the candidates will face off again before November, the Harris campaign immediately called for a second debate, signalling confidence from the Democratic camp.

“The key question is how did [the debate] impact centrist, independent voters in the seven key swing states that will determine the outcome of the election,” Vicenzino concluded.

“In my opinion, a lot of those independent voters are looking for real policy debate, which they did not get last night. What they got was more hype and more personal attacks.”

Culled from France 24