Headline News

24, October 2024

BEAC lowers liquidity offer to CFA300bn for Cemac Banks ⁰

On October 22, the Bank of Central African States (BEAC) launched a new liquidity injection operation for commercial banks. Unlike the previous two operations, where BEAC offered CFA340 billion, the offer on October 22 was reduced to CFA300 billion.

This reduction seems more in line with the current needs of the banks, based on recent results. Despite the gradual increase in liquidity offers by the central bank since resuming operations in June 2024, the volumes requested and actually taken up by the banks in the last two operations barely exceeded CFA270 billion. This is far from the CFA400-500 billion demands expressed by banks between June and September 2024.

The surge in liquidity needs during this period can be explained by the austerity imposed on credit institutions from late 2021 to May 2024 by the central bank. This period saw the implementation of measures aimed at draining banks’ coffers, including raising key interest rates, intensifying liquidity withdrawal operations, and suspending liquidity injections. These actions were officially intended to combat inflation by restricting access to credit.

BEAC notes that 20% of inflation in the Cemac region is of monetary origin. The central bank explains that injecting large volumes of liquidity into the economic system, particularly through bank financing, contributes to inflation, especially in Cemac countries where most goods and services are imported.

However, with the easing of inflationary pressures in Cemac markets since the start of 2024, BEAC has loosened its grip on bank liquidity. Consequently, the central bank resumed its liquidity injection operations in June 2024, after more than a year of suspension.

Source: Business in Cameroon

24, October 2024

France to increase student visas for Cameroonians ⁰

France plans to issue around 4,300 visas to Cameroonian students this year, a 10% increase compared to 2023. Thierry Marchand, France’s ambassador to Cameroon, called this “excellent news.”

“Issuing student visas is a very important part of the relationship between France and Cameroon,” he told the press last week.

The French diplomat also said France aims to issue even more visas in 2025. To help with this, embassy teams will be at the “Salon pour la promotion des études en France” (Sapef) event in Yaoundé and Douala this October. Marchand emphasized that Sapef is a chance to give Cameroonian students more information about how to apply for visas.

In addition, the French embassy has announced the opening of Campus France desks at several universities across the country. These desks allow students to start their immigration process right on campus, making it easier and saving them time.

Beyond student visas, Thierry Marchand also announced that the total number of visas issued in 2024 could increase by 30% compared to the previous year. This aligns with his goal, since he arrived in Cameroon at the end of 2022, to make the visa process easier. This task has been given to TLSContact, and he proudly noted that the wait for an appointment is now no longer than 15 days.

Source: Sbbc

23, October 2024

Martinez Zogo Murder: Prosecution dismisses defense objections ⁰

The military tribunal in Yaoundé on September 21, 2024, focused on arguments from government prosecutor Lieutenant Colonel Cerlin Belinga. He dismissed all objections raised by the defense in the case surrounding the January 2023 assassination of journalist Martinez Zogo.

Defense attorneys for the 17 defendants, including 12 agents from the Directorate General of External Research (DGRE), attempted to highlight procedural flaws to secure their clients’ release. However, the prosecutor argued that the defense had not raised legitimate objections but merely made “observations,” which he systematically dismissed.

On the issue of establishing a joint police and gendarmerie commission, the prosecutor defended his authority to do so, stating that the accused belonged to these services. He also justified the retroactive regularization of certain reports, asserting that it was his duty to ensure the compliance of actions carried out by judicial police officers under his supervision.

An additional point of contention emerged regarding the December 1, 2023, referral order, which granted release to two key defendants—former DGRE director Léopold Maxime Eko Eko and businessman Jean-Pierre Amougou Belinga. The prosecutor dismissed this as a “pointless debate,” noting that the investigating judge, Lieutenant Colonel Sikati II Kamwo, had “clearly disregarded” it.

Regarding allegations of illegal property seizures during searches, the lack of summons for the accused, and the non-compliance of certain procedures, the prosecutor rejected all these observations, ultimately urging the judges to receive and dismiss them.

These submissions sparked a strong reaction from the defense lawyers, who reiterated their appeal for the tribunal’s president, Colonel Misse Njonè, to rule strictly according to the law. The president has adjourned the case until November 11, when he will “rule on the exceptions.”

According to several defense lawyers present, if the judge were to accept their requests, the investigation into the assassination of the head journalist at Amplitude FM could restart from scratch, potentially leading to the release of many of the accused.

Source: Sbbc

23, October 2024

Bundes: police raid pizzeria serving side order of cocaine ⁰

Police have raided a pizzeria in western Germany which they alleged served customers a side of cocaine when they ordered item number 40 on the menu.

Authorities were tipped off about the scheme in March by food inspectors, and drug squad officers began watching the restaurant, criminal director Michael Graf von Moltke said on Monday.

When police went to detain the pizzeria manager at his apartment, the 36-year-old reportedly threw a bag of drugs out of the window, which “fell right into the arms of the police officers”, Düsseldorf police said.

Police found 1.6kg (3.5lb) of cocaine, 400g (14.1oz) of cannabis and €268,000 (£223,120) in cash in the apartment.

The restaurant manager was released by police a few days later, and he reopened his restaurant and continued to sell the drug and pizza combination.

Investigators used the opportunity to explore the drug supply chain to the pizzeria, leading them to bust a drug ring in western Germany weeks later.

Around 150 officers raided two cannabis plantations – one in Mönchengladbach, to the west of Düsseldorf where 300 plants were found, and another in Solingen, to the east of the city, where 60 plants were found.

The homes and businesses of 12 suspects were also raided, resulting in the arrests of three people, including a 22-year-old suspected of being the head of the drug operation.

Police also found weapons, money and expensive watches during the raids.

The pizzeria manager was rearrested while trying to leave the country and remains in custody.

“The number 40 was one of the best-selling pizzas,” Mr Moltke said.

Police have not released the name of others involved in the drug operation, or the price of the pizza and cocaine combination.

Source: BBC

23, October 2024

Putin says more than 30 countries want to join BRICS ⁰

More than 30 countries have expressed a desire to join BRICS, Russian President Vladimir Putin told a meeting of the group on Wednesday.

Putin said the group would discuss its expansion at the meeting, while keeping in mind the need to maintain efficiency.

Earlier on Wednesday, UN Secretary General Antonio Guterres arrived summit, his first visit to the country for more than two years that has drawn scorn from Ukraine.

The gathering is the largest diplomatic forum in Russia since launching its full-scale military offensive on Ukraine in 2022 and Putin wants to use it to demonstrate that attempts to isolate him on the world stage have failed.

Around 20 world leaders, including China, India, Turkey and Iran, are in the central city of Kazan, where they will address topics such as developing a BRICS-led international payment system and the conflict in the Middle East.

Moscow sees the platform as an alternative to Western-led international organisations like the G7 – a position supported by Chinese President Xi Jinping.

In bilateral talks on Tuesday, including with Xi and Indian Prime Minister Narendra Modi, Putin hailed Moscow’s close ties and “strategic partnerships” with its partners.

Xi, meanwhile, praised China’s “profound” ties with Russia in what he called a “chaotic” world.

Russia and China’s relations have “injected strong impetus into the development, revitalisation and modernisation of the two countries”, Xi said.

Putin said he saw relations between Beijing and China as a foundation of global “stability.”

“Russian-Chinese cooperation in world affairs acts as one of the stabilising factors in the global arena. We intend to further increase coordination in all multilateral platforms to ensure global security and a just world order,” he told Xi.

Source: AFP

22, October 2024

Paul Biya: The ultimate scammer! ⁰

Scamming did not start today. It is as old as man. In the Bible (Genesis 25: 19-34), Jacob scammed his brother, Esau, out of his blessings, of course, with the connivance of their mother. Jacob ended up in another town when his mother told him to skip town because his brother, Esau, was planning to kill him.

The scammer left town, holding that he had found happiness. Unfortunately for him, he too would be scammed by Leah’s father who tricked Jacob into marrying Leah instead of Rachel, the woman he genuinely loved. He served as a worker to Leah’s father for seven years before he could marry, Rachel, the love of his life.

Since then, scamming has been part of human existence and Paul Biya, the Cameroonian president who prefers to live out of his country, has been scamming Cameroonians who are unfortunately gullible.

Yesterday, he scammed Cameroonians into believing that he was healthy and could still run the show even after having spent 49 days in a Swiss hospital.

Yesterday, Paul Biya was a bundle of steroids. He had been given high doses of steroids over the last week just for him to look good. A single dose of steroids can deliver over 5,000 calories and if 10 doses are taken by an old man who is not physically active, you get what Cameroonians got yesterday. He looked good but could not walk. He could not even move his legs. Does that not explain something to Cameroonians?

The lengthy empty speech to the Secretary General at the Presidency, Ferdinand Ngoh Ngoh, was Biya’s way of despising Cameroonians who in their overwhelming majority want Biya out of power. In their thinking, Biya is a wet blanket, a joy killer who has inflicted a lot of pain on his people.

Spending a long time saying nothing to Ngoh Ngoh was a huge concern to the first lady and the director of cabinet. Biya was not script-bound. Even coming down from the airplane was a whole drama. It took an hour for Biya to come out of the plane as make-up artists had to do their job, protocol officers had to ensure that things went on smoothly; the presidential motorcade had to go very close to the plane to avoid any embarrassment. Luckily for Biya, it is easy to deceive Cameroonians and that game plan of his worked well yesterday like a charm.

Chantal Biya and Ayolo were aware that Biya was acting on steroids and standing for a long time could expose their game plan to the public which was still trying to figure out why a 91-year-old man could look that strong. When he ended his empty speech, the relief on Chantal’s face was visible.

But Biya is not off the hook. He cannot take steroids for a long time. Steroids have the nasty habit of blowing up the hearts of those who abuse them. Biya is fragile and he cannot stay in the steroids zone for a long time. No one has ever succeeded to cheat nature.

The Biya drama is not new in Africa. This film has already been seen in the DRC, former Zaire, when Mobutu, the country’s dictator, died shortly after his own triumphant return to Kinshasa.

Like Mobutu, Biya returned to Yaoundé yesterday after an exceptionally long stay abroad due to health concerns. Mobutu, like Biya, was welcomed by chanting crowds which saw him as their savior. But shortly after, he was overwhelmed by events and illnesses, and had to die miserably in exile in Morocco after a prostate cancer treatment in France.

There are parallels between Mobutu and Biya. Both despised their people. Like Mobutu, Biya sees Cameroonians as stupid and not worthy of respect. Like Mobutu, Biya has ruined his country’s economy and holds that he is eternal. Unfortunately, with age, he knows his days are numbered and with health issues, he knows that anything can happen.

The fear of losing power has transformed Biya into a monster, killing and imprisoning his collaborators who have any ambitions of succeeding him.

Biya might be back, but he knows the fear of death inhabits his mind. Though he is the ultimate scammer who has scammed the country out of its resources, he lives in fear, scared of the military he has created and the diseases he has manufactured for himself due to his excessive love of power.

By Soter Tarh Agbaw-Ebai

21, October 2024

President Biya visits Cameroon ⁰

Cameroon’s President, Paul Biya, who now operates from Geneva, is on a short visit to Cameroon where he will be holding discussions with heads of some income generating corporations and ministries such as the SNH, SONARA and the ministry of finance.

Mr. Biya will use the occasion to find out how much money is in the coffers and to give firm instructions on how the money will be wired to Geneva which is now considered as Cameroon’s new political capital.

Some observers say Mr. Biya may be back to Cameroon just for a few days just to change his clothes and clear up a few things before heading back to Geneva where he is considered as a working nomad.

However, a cream of political analysts hold that Mr. Biya who has been ill recently might be back to be close to his ancestors who will be happy to receive him in the months ahead.

Mr Biya’s visit to Cameroon puts an end to rumors that he was dead, but a source close to the dictator said that steroids were at work and once they would expire, the 91-year-old will start crying like a baby.

Mr. Biya is suspected of having multiple illnesses and his long stay in foreign hospitals recently only confirms that he is not in very good health.

By Rita Akana in Yaoundé

21, October 2024

Waiting for Biya: Will he come? ⁰

News that Cameroon’s 91-year-old ailing president, Paul Biya, will be back today has triggered a wave of activities, with ministers paying out of pocket to mobilize Cameroonians to wait for the dying President.

Two weeks ago, a similar situation occurred with CPDM militants waiting at the airport but after a long and boring wait, the hungry and cash-strapped militants were asked to go home without further explanation. Many had to cover more than ten kilometers on foot and on empty stomachs and they never got what they had been promised.

The president’s failing health was the reason for the cancelation of the project to receive him and his entourage.

Are those waiting militants sure that the 91-year-old Biya has fully recovered and will sit on that airplane? There is every indication that Biya will not be in Cameroon for the next couple of months. He is a colony of diseases and his age makes it hard for him to fly long distances. Any form of sedation to get him to fly might send him into eternal rest.

Cameroonians must be vigilant. Though a flight has just taken off from Geneva to Cameroon, nobody has confirmed that Biya is on that flight.

Cameroonian authorities have proven that they are unreliable. Cameroonians should insist on seeing pictures of Mr. Biya being received at the airport by the Prime Minister and other senior officials of the government. Only pictures and videos should convince Cameroonians that Biya is still alive.

By Chi Prudence Asong

20, October 2024

Dion Ngute needs to address the nation as Biya becomes former president ⁰

Cameroonians have been waiting for the return of their president, Paul Biya, but from every indication, Mr. Biya will not be coming back to continue ruling the country. He clearly belongs to the past as major questions emerge about his health and life.

Mr. Biya was last seen in public on 8 October 2024 while attending the China-Africa Summit. After leaving China, Mr. Biya stopped over in Europe where he is in a hospital receiving intensive care for multiple health conditions.

A coded online message by the 91-year-old dictator’s daughter, Brenda Biya, which shows only drops of tears on a piece of paper has gone viral, with many Cameroonians saying that the brutal dictator is dead and it is time for the country’s Prime Minister, Dion Ngute, to step up to the plate to deliver a rousing speech which will hold the country together and avoid any bloodshed.

Since disappearing from public view some 40 days ago, many, both at home and abroad, have been positing that Mr. Biya is either dead or dying and it is time to declare Biya a former president of Cameroon.

There is a lot of anger in Cameroon, especially against the President’s wife, Chantal Biya, who approved Mr. Biya’s long and tiring trips abroad.

Before heading to China, Mr. Biya had to go to France to watch the Olympic Games and he did so in the rain, an act many observers criticized as preposterous for an old man who was frail and fragile.

From France he returned to Cameroon before heading to China, a long trip that is not designed for old people. Mr. Biya had nothing to prove to anybody. He has won all the presidential elections in his country through massive rigging schemes, making him an evil genius.

He has willfully underdeveloped Cameroon, reducing the country to a humanitarian case; a beautiful and wealthy country handed to him by the country’s first president, Ahmadou Ahidjo in good faith.

Mr. Biya is a champion in the embezzlement of funds and a huge destroyer of taxpayers’ money. In 42 years, Biya has not developed the country’s infrastructure. There are no modern tarred roads in Cameroon. Hospitals are nothing more than consultation clinics and corruption has been institutionalized to ensure that the destructive dictator last in power.

Today, the country’s economy is in very bad shape. The country’s youths have been reduced to beggars, with many taking to alcohol and drugs just to numb their pain and frustration. Most Cameroonians want to leave the country as the future appears very bleak. The name Biya only suggests hardship and inhumanity.

The country’s youths want to walk away from their country just to put an ugly past far behind them due to the corruption and incompetence of a man who was once seen as a liberator by Cameroonians.

Mr. Biya will not be returning to Cameroon as the country’s president. Cameroon Concord News has obtained reliable information that Mr. Biya is brain dead and he is on life support. There are plans to pull him off life support in the days ahead, though his wife is opposed to such a move as she is maneuvering and plotting to see how she can influence the choice of the next president of the country.

Chantal like the French want to impose Franck Biya on Cameroonians but there is massive opposition within Mr. Biya’s ruling party and there are fears that things are falling apart for a party which has been the architect of the economic hardship which has reduced Cameroonians to walking zombies.

Many Cameroonians at home and abroad are urging Prime Minister Dion Ngute, himself a Biya creation, to take matters into his hands. The country’s business must continue with or without Biya. A brain dead Biya cannot continue to lead the country.

While there are no limits as to how long the president can be out of the country, Cameroonians hold that a 91-year-old and sickly person cannot continue to hold an entire nation captive. Biya has already proven that he is a negative force and he should be dumped on the ash heap of history.

By Soter Tarh Agbaw-Ebai

20, October 2024

Conor McGregor lost $500,000 after backing Francis Ngannou to lose by knockout ⁰

Ngannou made his long-awaited return to MMA against Ferreira at PFL Super Fights: Battle of the Giants in Riyadh, Saudi Arabia on Saturday.

The Cameroonian steamrolled his opponent with a brutal first-round stoppage, becoming the inaugural PFL Super Fight heavyweight champion and maintaining his status as the lineal king of the glamour division.

Ngannou had not stepped foot inside the cage since successfully defending the UFC heavyweight strap against Ciryl Gane in January 2022 – and MMA legend McGregor was predicting an upset.

The Irishman was banking on Ferreira’s reputation as a knockout artist as he has lumped $500k on the South American giant.

“Tonight’s bet for me. 500k on Ferriera to win by KO at 12/5. $1.7m return,” he captioned a voice note posted on X.

McGregor went on to brag about his recent run of form in sports betting with an accompanying voice note.

Source: Talksports