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  • Most stocks rise, oil flat following peace deal-fuelled rally
  • Iran deal: the cards are now in Tehran’s favour
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Southern Cameroons Crisis: 3 killed in Amba attack on the Ndu-Foumban road

19, November 2024

Southern Cameroons Crisis: 3 killed in Amba attack on the Ndu-Foumban road 0

At least three people — a soldier and two civilians — have been killed in an Ambazonia attack in the northwest region, local and security sources said Monday evening.

The civilians were driving along the Ndu-Foumban road early Monday when Amba fighters ambushed them, a security source in the region said.

“They (the civilians) gave the soldier a lift. Along the way, the separatists who were hiding in the bush opened fire on their car, killing three people and injuring two others,” the source said.

Additional troops have been deployed to the road where attacks have become recurrent.

A separatist insurgency has been going on in Cameroon’s two Anglophone regions of Northwest and Southwest since 2017.

Armed separatists want to secede from the largely French-speaking Cameroon and create an independent nation in the English-speaking regions of Northwest and Southwest.

Source: Xinhuanet

Indomitable Lions: Zambo Anguissa back in squad for today’s Zimbabwe clash

19, November 2024

Indomitable Lions: Zambo Anguissa back in squad for today’s Zimbabwe clash 0

Napoli midfielder André-Frank Zambo Anguissa has joined the Cameroon national team camp ahead of the Warriors game.

Anguissa missed the Indomitable Lions’ trip to South Africa, where they faced Namibia in their penultimate fixture of the 2025 Afcon Qualifiers Group J.

The midfielder has now joined the camp ahead of the final Group J game against Zimbabwe on Tuesday in Yaounde, Cameroon.

Meanwhile, Cameroon national team arrived home on Wednesday and quickly began their preparations for the game against Zimbabwe.

The match will be played at Ahmadou Ahidjo Stadium in Yaounde on Tuesday.

Kick-off is at 3 pm CAT.

Source: Soccer 24

Yaoundé: CONAC flags corruption, production of fake certificates as most worrying issues

19, November 2024

Yaoundé: CONAC flags corruption, production of fake certificates as most worrying issues 0

Cameroon’s National Anti-Corruption Commission (CONAC) has flagged corruption and the production of fake certificates as two of the most worrying issues plaguing the country’s higher education system.

At a campaign at the University of Yaoundé II to educate and sensitise the university population on the consequences of the production and use of fake certificates in Cameroon and abroad on 5 November 2024, the chairman of CONAC, the Reverend Dr Dieudonné Massi Gams, underscored the dangers of corrupt practices and falsification of certificates. This has become endemic in higher education institutions in the country, actions not compatible with head of state President Paul Biya’s policy to promote good governance as pathways towards economic emergence by 2035.

“The university should be a place to promote academic excellence as recommended by the Head of State, Paul Biya, and not academic forgery,” Massi Gams said at the University of Yaoundé II campaign.

The campaign to fight against fake certificates and corruption in universities for the 2024-25 academic year which started on 25 October 2024 at the University of Yaoundé I, comes against the backdrop of reports of several cases of graduates falsifying certificates to secure employment in both public and private institutions as well as access to post-graduate studies at foreign universities, Massi Gams said.

“We have received several complaints from the ministry of higher education and directly from foreign universities about applicants from Cameroon with falsified transcripts, a practice that tarnishes the image of the country’s higher education system,” he noted.

Students, staff sensitised

The campaign, carried out in collaboration with the ministry of higher education, he said, targets students of higher education institutions where recruitment for various enterprises is focused, as well as the entire university community.

The campaign at both University of Yaoundé I and Yaoundé II was characterised by words of advice from the CONAC team, and messages to students and staff about the implications of using fake certificates. Examples of fake certificates were placed on billboards around the campus.

Anti-corruption billboards bearing the campaign message are planted in strategic corners of the university campuses as well as on stickers stuck on vehicles of staff and some students. The campaign will be extended to all public higher education institutions in the country as well as private universities, CONAC authorities said.

Experts said it was imperative that corruption is fought at universities in Africa in their capacity as institutions of higher education that touch the lives of future leaders, and as large organisations with substantial economic footprints.

Students welcome chance to talk

“The fight against corruption in Africa, in general, and Cameroon, in particular, should start with the training system of our future leaders. That is why the campaign against fake certificates and corruption in higher education institutions in Cameroon is very strategic,” Dr Nick Ngwanyam, director and CEO of the St Louis University Institute of Health and Biomedical Sciences, Cameroon, told University World News.

Students have also saluted the initiative which, they say, helps to bring university authorities out of their silos to openly discuss even taboo subjects like sexual harassment for marks.

“The campaign on campus was very educative and provided a rare opportunity for students and university authorities to discuss even some taboo subjects like sexual harassment,” Victoria Ebage, a law student at the University of Yaoundé II, told University World News.

Cameroon’s 2023 anti-corruption status report released in September 2024 shows that, like in other sectors, bribery and corruption have been rampant in higher education – regarding admitting candidates at public professional institutes. Merit hardly plays a role, which has opened the doors to mediocrity.

The report says that, generally, the State of Cameroon lost over CFA114 billion (approximately US$184 million) to corruption in 2023 which represents an increase of CFA109.4 billion compared to 2022.

‘Favours’ undermine credibility

Other sectors where corruption is on the rise include transport, secondary education, territorial administration, finance, telecommunication, and public works, according to the report. The 2023 report is divided into four parts, with part one focusing on measures to prevent corruption, part two on sanctions, part three on the fight against money-laundering and recovery of assets derived from corruption, and part four, on cooperation – at both local and international levels – in the fight against corruption.

The report says higher education institutions have been plagued by sexual harassment and favours for better grades. The widespread practice has severely undermined the credibility of the merit-based system. Experts have sounded the alarm that such deviant practices could hamstring the broader efforts by the government to foster quality education at higher education level. “It is difficult to obtain quality results in our universities under such circumstances,” Ngwanyam said.

Massi Gams called on students to strive for excellence and uphold integrity. He challenged them to lead in the fight against corruption in the country to guarantee a better future. “As future leaders, you are expected to shine the flag, set the example for a brighter tomorrow,” he said.

In similar message to students, the Rector of the University of Yaoundé I, Professor Remy Magloire Dieudonné Etoua, warned against the adulteration of results transcripts and birth certificates. He urged students and staff to guard against the practice, which is not only punishable by Cameroonian law, but also a deterrent to professional and intellectual development in Cameroon.

Backdoor payments common

“We have had cases of students changing marks on their results transcripts and ages on their birth certificates to gain access into professional schools for employment into the public services. These are criminal acts punishable by law,” Etoua said at the University of Yaoundé I launch.

There has been a public backlash against prevailing corruption with impunity in the country’s higher education system, especially access to higher professional institutions. On 13 August 2024, CamerounWeb reported about backdoor payments of as high as CFA30 million (about US$48,265) to gain admission into the National School of Administration and Magistracy, or ENAM, the higher education institution that trains senior administrators, magistrates and finance experts in the country.

The prevailing corruption in the admission of students to prestigious higher professional schools in the country has eroded public confidence in the higher education system, experts say. “The public has virtually lost confidence in our higher education system because corruption has taken virtually all the professional higher training institutions hostage. The power of the wallet has taken over the place of merit,” Etoua told University World News.

Culled from University World News

Fitch Keeps Cameroon at ‘B’ with Negative Outlook

17, November 2024

Fitch Keeps Cameroon at ‘B’ with Negative Outlook 0

Fitch Ratings has affirmed Cameroon’s long-term foreign currency issuer default rating (IDR) at ‘B’ with a negative outlook. In a note, Fitch revealed that the negative reflects political risks related to potential succession issues and structural weaknesses in public finance management (PFM).

This is evidenced by weak liquidity management, late external debt payments, and accumulation of domestic arrears, according to the rating note. Cameroon’s ratings are supported by its resilient GDP growth, a manageable debt maturity schedule and expectations that moderate budget deficits and debt levels will be supported by non-oil revenue mobilization and spending restraint.

Analysts added that this is balanced against low GDP per capita, weak governance indicators, and persistent security challenges. The 92-year-old President Paul Biya, in power since 1982, will likely run in the presidential election, scheduled for October 2025, Fitch said.

The rating note stated that social and political tensions could increase in the run-up to the election, increasing concerns about Cameroon’s political stability, policy continuity and commitment to reform – which underpin bilateral support.

The lack of a succession plan and political divisions and rivalries within the ruling party exacerbate the risk of a disorderly transition of power. The rating note revealed that the country’s weaknesses in budget planning and execution, and debt management weigh on the rating.

The government’s exceptional spending procedures remain high, albeit declining, due to constant unexpected security spending and liquidity pressures.  PFM weaknesses are evidenced by occasional late external debt service payments.

It was revealed in July that Cameroon was late in making external debt payments to one commercial creditor in March 2024. Moreover, in 2024, Cameroon has cleared XAF467 billion of domestic arrears using proceeds of a private placement issuance and resources lent by Afreximbank.

“We see continued risk of arrears accumulation given a projected financing shortfall”, Fitch Ratings said amidst country’s tight finance.

In 2004, Cameroon is unlikely to obtain budgeted financing from the World Bank of USD200 million, due to delays in implementing structural reforms, Fitch stated.

Analysts explained that the projected shortfall in financing will be compensated by spending cuts. The funds could be disbursed in 2025, but the electoral context may further slow reform implementation.

“Nevertheless, we expect Cameroon’s funding needs will be covered through the existing IMF programme, ending June 2025, and official creditor support tied to the completion of the reviews”.

The government will also rely on the regional bond market.

Fitch baseline assumes strong support from official creditors will continue over the medium term, with a potential renewal of the IMF programme in 2026, which is key for the financing plan. Cameroon has limited fiscal room, and fiscal consolidation is being driven by spending cuts, mainly on capex under-execution.

“We forecast the fiscal balance on a commitment basis will shift to a surplus of 0.1% of GDP in 2024, remaining broadly stable in 2025-2026.

“Oil revenues will decline due to lower oil prices and production, but non-oil revenues will continue to improve through revenue mobilisation measures, tax exemptions reduction, and improvement in tax and customs administrations”.

Fitch also forecast the fiscal deficit on a cash basis to widen from 0.4% of GDP in 2023 to 1.6% in 2024, as net repayment of arrears is expected at 1.7% of GDP at end-2024.

“We expect the cash deficit will decline to 0.7% of GDP in 2025 and 0.6% in 2026, although the pace of net repayment of arrears casts uncertainty on the fiscal trajectory”. The government is committed to reduce fuel subsidies, increasing retail petroleum prices in 2024 by 15%, after a 21% rise in 2023.

However, given the importance of social stability and the presidential election, we assume the government will not increase petroleum prices in 2025, delaying the phasing out of fuel subsidies.

“We estimate fiscal financing needs, at 5.7% of GDP in 2024, will decline to 4.7% of GDP in 2025, owing to lower cash deficit and arrears repayment. We project fiscal financing needs will increase to 5.4% of GDP in 2026 as domestic debt amortisation will amount to 2.6% of GDP after 2.1% in 2024.

“External debt amortisation will increase from 2.0% of GDP in 2024 to 2.1% in 2025 and 2.2% in 2026, including Eurobond payment at 0.1% of GDP per year”. Fitch project GDP growth and moderate cash budget deficits will maintain government debt on a declining path from 41.7% of GDP in 2023 to 36.3% in 2026, below the ‘B’ median forecast of 56.4%.

Also, analysts expect real GDP growth to increase to 3.7% in 2024 from 3.2% in 2023. “We forecast growth at 4.0% in 2025 and 4.1% in 2026, driven by agriculture, construction, and the coming on-stream of infrastructure and electricity projects, below the ‘B’ median forecast of 4.7%”.

Downside risks to growth stem from geopolitical uncertainties leading to renewed commodity price volatility, supply chain disruptions, and inflationary pressures. The 2025 presidential election threatens reform implementation and increases security and social risks.

Analysts forecast the current account deficit (CAD) to narrow from 4.1% of GDP in 2023 to 3.6% of GDP in 2024 owing to higher cocoa prices supporting exports. Fitch projects the CAD will fall to 3.2% of GDP in 2025-2026, as the decline in oil production will be offset by the implementation of the import substitution policy, while exports will increase thanks to stronger agricultural production.

Source: dmarketforces

Archbishop Andrew Nkea elevated to Commander of the National Order of Valour

16, November 2024

Archbishop Andrew Nkea elevated to Commander of the National Order of Valour 0

Metropolitan Archbishop Andrew Nkea of the Bamenda Ecclesiastical Province has been elevated to Commander of the National Order of Valor.

President Paul Biya made the announcement via his Foreign Affairs Minister Lejeune Mbella Mbella in the presence of Archbishop Paul Richard Gallagher, the Secretary for Relations with States and International Organizations who is presently on a five-day visit to Cameroon to mark the tenth anniversary of the signing of the Framework Agreement between the Holy See and the African country in 2014.

“I am humbled and honoured to receive this recognition from President Biya,” said Archbishop Andew Nkea,

“I will continue to pray and rely on the support of everyone in the Bamenda Ecclesiastical Province that I will be a worthy servant of the Prince of Peace in fulfilling my responsibilities as a Commander of the National Order of Valour and to continue in my role as shepherd of the faithful of the Archdiocese of Bamenda” said Archbishop Nkea to Cameroon Concord News

By Soter Agbaw-Ebai with files from Rita Akana

AFCON 2025: 19 countries secure tickets for Morocco

16, November 2024

AFCON 2025: 19 countries secure tickets for Morocco 0

With only a few matches left in the qualifiers, 19 teams have secured their places at the highly anticipated TotalEnergies CAF Africa Cup of Nations (AFCON) 2025, set to be held in Morocco.

Friday’s results on Matchday 5 saw three more nations — securing their places in Africa’s flagship football competition with Zambia, Mali, Zimbabwe and Comoros sealing their slots.

Nigeria, Tunisia, South Africa, Uganda, Equatorial Guinea, and Gabon — clinched their spots, on Thursday joining a growing list of African football powerhouses ready for the tournament.

The confirmed teams represent a blend of regular AFCON contenders and rising forces in African football.

Host nation Morocco automatically qualified, alongside notable teams like Senegal and Algeria, who secured early qualification through consistent performances.

Egypt and title holders Cote d’Ivoire also bring strong legacies to the competition, with both countries boasting numerous AFCON titles.

Several teams have made a comeback to the continental stage.

DR Congo, Angola, and Equatorial Guinea will look to make an impact, while Uganda and Gabon are back with ambitions to advance deep into the tournament.

For South Africa, qualification marks a return to Africa’s biggest football stage after their impressive at the previous competition held in Cote d’Ivoire.

The qualification phase isn’t over yet. Matchday 5 matches continue into Saturday, with Matchday 6 next week set to confirm the remaining teams, rounding off the 24-nation lineup for Morocco 2025.

Anticipation is building as the final slots are contested, with top African teams and emerging challengers vying to be part of the action.

The 19 countries qualified for TotalEnergies CAF AFCON 2025

Morocco,Burkina Faso, Cameroon, Algeria, DR Congo, Senegal, Egypt, Angola

Equatorial Guinea, Cote d’Ivoire, Uganda, South Africa, Gabon, Tunisia, Nigeria, Zambia, Mali, Zimbabwe, Comoros

Source: CAF

Vatican Secretary for Relations with States is in Yaoundé

16, November 2024

Vatican Secretary for Relations with States is in Yaoundé 0

Archbishop Paul Richard Gallagher, the Secretary for Relations with States and International Organizations, has begun a five-day visit to Cameroon to mark the tenth anniversary of the signing of the Framework Agreement between the Holy See and the African country in 2014.

According to the Secretariat of State’s Terza Loggia account on the social platform ‘X,’ Archbishop Gallagher is to take part in several meetings and events.

On Friday he met the Foreign Affairs Minister, Lejeune Mbella Mbella, and then paid a courtesy visit to Prime Minister Joseph Dion Ngute. He also met with a cream of Cameroonian bishops.

On Saturday, November 16, Archbishop Gallagher celebrated Mass at the Minor Basilica of Marie Reine des Apôtres de Mvolye, in the capital, Yaoundé.

On Monday, November 18, the Vatican Secretary for Relations with States will be received in audience by the President of the Republic, Mr. Paul Biya.

The final event will be a lecture at the Catholic University of Central Africa in Yaoundé, where Archbishop Gallagher will be awarded an Honorary Doctorate.

Reported by Vatican News with additional editing from Cameroon Concord News Group

Youtuber Jake Paul beats Mike Tyson

16, November 2024

Youtuber Jake Paul beats Mike Tyson 0

The boos from a crowd wanting more action were growing again when Jake Paul dropped his gloves before the final bell, and bowed toward 58-year-old Mike Tyson.

Paying homage to one of the biggest names in boxing history didn’t do much for the fans that filled the home of the NFL’s Dallas Cowboys on Friday night.

Paul won a unanimous decision over Tyson as the hits didn’t match the hype in a fight between the 27-year-old YouTuber-turned-boxer and the former heavyweight champion in his first sanctioned pro fight in almost 20 years.

All the hate from the pre-fight buildup was gone, replaced by boos from bewildered fans hoping for more action in a fight that drew plenty of questions about its legitimacy long before it happened.

The fight wasn’t close on the judge’s cards, with one giving Paul an 80-72 edge and the other two calling it 79-73.

Tyson came after Paul immediately after the opening bell and landed a couple of quick punches but didn’t try much else the rest of the way.

Even fewer rounds and shorter rounds, along with heavier gloves designed to lessen the power of punches, couldn’t do much to generate action.

Paul was more aggressive after the quick burst from Tyson in the opening seconds, but the punching wasn’t very efficient. There were quite a few wild swings and misses.

Tyson mostly sat back and waited for Paul to come to him, with a few exceptions. It was quite the contrast to the co-main event, another slugfest between Katie Taylor and Amanda Serrano in which Taylor kept her undisputed super lightweight championship with another disputed decision.

It was the first sanctioned fight since 2005 for Tyson, who fought Roy Jones in a much more entertaining exhibition in 2020. Paul started fighting a little more than four years ago.

The fight was originally scheduled for July 20 but had to be postponed when Tyson was treated for a stomach ulcer after falling ill on a flight.

Source: AP

Southern Cameroons Crisis: 11 students and staff kidnapped in Northwest

15, November 2024

Southern Cameroons Crisis: 11 students and staff kidnapped in Northwest 0

On November 9, the administration of the Saint-Laurent University Institute of Ndop announced that 11 of its students and their supervisors had been kidnapped by separatist fighters in the troubled Northwest region. According to the institute’s statement, the abduction took place on Saturday, November 2, around 10 a.m., during an academic activity. 

“The students and staff were traveling by motorcycle to Babessi for an outreach program when they were stopped by armed Ambazonian fighters at Baba 1. The armed men, identifying themselves as members of the Baba 1 Ambazonia fighters, took the 11 students and teachers hostage and disappeared into the surrounding bush,” the statement detailed.

Despite efforts to secure their release, “appeals from various stakeholders for the release of the students and staff have gone unanswered,” the institute’s administration said, adding that “local sources suggest the Ambazonian fighters are demanding ransom or using this abduction for political leverage.”

Schools have frequently been targeted by separatist fighters, who seek to disrupt educational activities by attacking campuses or kidnapping students and staff. In a recent report, the UN noted that in September 2024 alone, at least four attacks were documented—three in the North-West region and one in the South-West. These assaults affected public schools, religious institutions, and secular private schools alike.

One of the deadliest attacks took place on October 24, 2020, at the Mother Francisca International Bilingual Academy in Kumba, in the Southwest region. Armed men stormed the school, killing seven students, a tragedy that provoked widespread outrage both nationally and internationally.

Numerous international organizations have repeatedly called for schools to be spared from the separatist conflict that has destabilized the Northwest and Southwest regions since 2017. In September, the U.S. Embassy in Yaoundé issued a renewed appeal for an end to these attacks, emphasizing, “Schools are learning sanctuaries, and children should not be prevented from attending classes.” The embassy further condemned “all forms of violence against civilians.”

Source: Sbbc

Mike Tyson back in the ring to face Youtuber Jake Paul

15, November 2024

Mike Tyson back in the ring to face Youtuber Jake Paul 0

Nearly 40 years after making his professional debut, and 19 years after being battered into retirement, a 58-year-old Mike Tyson will climb back into the ring on Friday for a Netflix-backed bout that has drawn widespread condemnation across the boxing world.

Tyson, who terrorised the heavyweight division during an imperious reign in the late 1980s, is lacing up the gloves once more to take on Youtuber Jake Paul, 27, in an officially sanctioned fight at AT&T Stadium, the home of the Dallas Cowboys, in Arlington, Texas.

The fight, which will be comprised of eight two-minute rounds, was initially due to take place in July but was postponed in May after Tyson required medical treatment on a flight from Miami to Los Angeles after vomiting blood due to a bleeding ulcer.

That gory mid-air emergency has provided another piece of ammunition for the numerous critics who have condemned Friday’s contest as a macabre circus act that poses an unacceptable level of risk for Tyson, who last graced a professional ring in 2005, when he was beaten via a technical knockout after quitting on his stool against Irish journeyman Kevin McBride.

‘It shouldn’t be happening’

Mike Tyson slumps to the canvas in his last professional fight, a defeat to Ireland's Kevin McBride, in 2005
Mike Tyson slumps to the canvas in his last professional fight, a defeat to Ireland’s Kevin McBride, in 2005. © Paul J. Richards, AFP

“Twenty years ago, Mike Tyson retired from boxing, and was shot to pieces, right? I mean, completely shot,” the prominent British fight promoter Eddie Hearn said this week.

“If anyone thinks that Mike Tyson should be in a ring at this age, you either have absolutely no emotional feelings toward the man, or you’re an idiot. It shouldn’t be happening.”

Hearn’s rival promoter Frank Warren echoed those sentiments.

“Mike Tyson is 58 years of age and he shouldn’t be fighting,” Warren said after the bout was announced. “It’s as simple as that.

“Anyone with an ounce of brains knows that it is ridiculous. You can be on a motorway stuck in a traffic jam and you get to the end of it and all it is is people who have stopped to look at a crash – and that’s what this is.”

Tyson, who US reports say is being paid around $20 million for Friday’s contest, has brushed off the concerns for his wellbeing, insisting when critics from the boxing world are motivated by jealousy.

“I’m beautiful, that’s all I can say,” he said earlier this year. “The people who said that wish they were up here. No one else can do this.”

At an open workout in Texas this week, Tyson declared that a gruelling training camp had left him with the conviction “that I’m tougher than I believed I was.”

“When I agreed to this fight and started training, I thought ‘What was I thinking of?’ But I’ve finished the process. The fight is the party. All the hard work is done.”

At a final press conference in Texas on Wednesday, a stony-faced Tyson pointedly declined to engage in the pre-fight hype.

“I’m just ready to fight,” he said. “I’m looking forward to fighting.”

Injury fears

Mike Tyson appears at a public workout in Texas on Tuesday ahead of his return to the boxing ring on Friday
Mike Tyson appears at a public workout in Texas ahead of his return to the boxing ring. © Ayisha Collins, Getty Images via AFP

A global audience of several million watching on Netflix, and tens of thousands inside the AT&T Stadium, will be watching on Friday to see whether Tyson’s hard work pays off.

His opponent Paul – who was born six months before Tyson bit off a chunk of Evander Holyfield’s ear in their infamous 1997 rematch – rose to prominence as a Youtuber, before turning his attention to boxing.

Since his first fight against a fellow Youtuber in 2018, Paul’s opponents have included a basketball player, mixed martial arts fighters and other professional boxers. In 11 fights he has won 10 (seven by knockout) and lost one.

“I feel really good, sharp, powerful and explosive. It’s going to be a short night for Mike,” Paul said at Tuesday’s open workout, where he appeared wearing a bizarre head-dress in the form of a rooster.

It goes without saying that a prime, 1980s-era Tyson would almost certainly have dealt with Paul within a few minutes.

Does he retain enough residue of the talent and destructive power that made him the youngest heavyweight champion in history in 1986, at the age of 20 years and four months? Bob Arum, the legendary 92-year-old boxing promoter who has seen it all, is unequivocal.

“The answer is no,” Arum told Secondsout.com last month. “A 58-year-old guy, no matter how good they were, no matter how athletic they were, are not gonna be able to fight.

“You can’t throw punches like you’re supposed to, you can’t do a lot of things. I hope Mike doesn’t get hurt, but I really give him relatively no chance.”

(AFP)

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