2, February 2023
Increased gasoline prices trigger panic buying in Cameroon 0
Following the government’s announcement on Monday, January 30, that fuel prices will go up come February 2023, Cameroonians across the country rushed to filling stations to top their tanks, causing long lines at the filling stations.
Cameroonians are now faced with a fuel price rise of about 15 percent, meaning a litre of diesel that used to cost them 575 CFA francs (0.87 euros), will now go up to 720 CFA francs (1.09 euros).
The rise came after the International Monetary Fund (IMF) had put pressure on the government to cut its fuel subsidy.
But there will be a 5.2 percent salary rise for civil service workers to help soften the blow, the prime minister’s office stated.
“They recognized the need to reduce the costly fuel subsidies, which are unsustainable under the current international oil price projections and are poorly targeted to those in need and crowd out priority spending,” the IMF, referring to the government, said in a news release on Tuesday.
“The fuel subsidies represent six times the budget allocated to agriculture, four times that to health, and over three times that to energy and water. Fuel subsidy reform would need to be accompanied by measures to mitigate the impact on the most vulnerable, including cash transfers,” it added.
In March the IMF is scheduled to give 68.5 million euros in credit to the government.
By Camcordnews and Africa News





















3, February 2023
Murder charge to be laid against media tycoon Amougou Belinga arrested over death of journalist Zogo 0
Amougou Belinga was arrested yesterday in Yaoundé and will be charged with murder over the death of journalist Martinez Zogo, whose body was found in a field outskirts of Yaoundé.
Yaoundé police said the late journalist was found with multiple injuries caused by several sharp-edged type weapons.
Cameroon Intelligence Report understands that Amougou Belinga was detained by secret service agents and is currently under guard at the Secretariat of State for Defense (SED).
Our chief intelligence reporter in the nation’s capital hinted that the so-called media guru will be charged with murder.
It is understood he was arrested late in the evening and is now remanded in custody. He will face state prosecutors today.
Tributes flow after tragic death
Police were called to the field some few kilometers from Yaoundé after some passersby discovered the body of journalist Martinez Zogo.
Zogo was pronounced dead by emergency services shortly after, with colleagues, family and friends saying they believed he had been killed following statements he made against prominent government officials including business and media tycoon Amougou Belinga.
The alleged homicide of Martinez Zogo in Yaoundé has sent shockwaves through the entire nation and the media community, with friends remembering the radio host as someone who never stopped smiling.
By Soter Tarh Agbaw-Ebai with files from Rita Akana