1, August 2016
The SDF dictator turns 75 0
North West Governor, Adolphe Lele Lafrique, Senator Simon Achidi Achu, North West Fons, SDF faithful, friends and relatives were on July 31, 2016 part of special prayers for God’s grace and protection for the SDF National Chairman, Ni John Fru Ndi at 75 .The event at Presbyterian church, Baba II, home of the leading opposition party leader, inspired Fru Ndi to continue to work towards the betterment of Cameroon.
The thanksgiving event honoured and glorified God for Fru Ndi, whom speaker after speaker cheered as a rare statesman. Family Head and Son, Ni Thomas Ndi and Benjamin Fru Ndi thanked all who have supported and criticized the Chairman to be a better nation builder. Fru Ndi summed it himself when he said ”I will continue to be who I am when Cameroon is the subject, though I stretched my hand and the President did not take it the way I like”.
Twenty four hours earlier, Fru Ndi presided over a National Executive Committee (NEC) session of the SDF at his Ntarinkon residence where crucial decisions were endorsed to move forward the reorganization of SDF party structures in some regions that have so far, suffered speed brakes.
Cameroon Tribune
1, August 2016
Biya gives guidelines for the 2017 budget 1
Government now has a mirror to its 2017 budget. The traditional circular that gives guidelines for the preparation of the State budget is out, with President Paul Biya stressing the continuous implementation of the three-year emergency plan, smooth preparations for the 2019 African Cup of Nations, the operationalisation of the “Special Youth” emergency plan and the strict supervision of people affected by cross–border insecurity.
The circular comes as the country entered the second triennium (2016-2018) programme-based budget, with the executive directives hinging on government priorities and commitments that are aligned to the country’s long term development objectives contained in the Growth and Employment Strategy Paper (GESP). Government seeks the acceleration of economic growth and the improvement of the livelihoods of Cameroonians.
The Macroeconomic Context
The preparation of the 2017 budget comes at a time world economies are dangling. The International Monetary Fund notes that global economic growth stood at 3.1 per cent in 2015, is estimated at 3.2 in 2016, but expected to hit 3.5 in 2017 – driven by emerging and developing countries. Growth in Sub-Saharan Africa is expected to continue at relatively lower rates than in the past decades due to falling commodity prices.
The circular also comes at a time the Bank of Central African States, BEAC, indicates that growth in Central Africa is stagnating. Cameroon has however shown resilience, facing double shocks from insecurity and falling oil prices. Projections place growth at 6 per cent, up from 5.9 per cent – with an inflation rate of below 3 per cent in 2015.
Set Objectives
Top on government’s intents is to accelerate economic growth, make it strong, sustainable, inclusive and job creative. The achievement of the objectives is based on the modernization of agriculture (second-generation agriculture), the stepping up of energy supply, improvement of enterprise competitiveness, business climate, access to financing, promotion of the growth of local industry and the processing of local products.
Stakeholders tasked with preparing the State budget have been urged to maintain a real GDP growth rate of 6 per cent, an inflation rate of 3 per cent, an overall fiscal deficit of 3.3 per cent of GDP and a current account deficit of 3.6 per cent of GDP.
Cameroon Tribune