Search
Login

North Africa

Central Africa

East Africa

West Africa

Southern Africa

Cameroon to Borrow $1 Billion for Development Projects and Debt Settlement

Amindeh Blaise Atabong

Amindeh Blaise Atabong is a freelance reporter who studied advanced financial journalism at the University of the Witwatersrand, Johannesburg. He has a proven track record of delivering high-impact reporting for esteemed local, regional, and international news organizations, including Reuters, Quartz Africa, Mail & Guardian, Semafor Africa, The Times, and African Argument. Amindeh's expertise has been recognized through several prestigious awards, notably the Kurt Schork Award in International Journalism, and his reporting has often driven markets and sparked meaningful conversations.
  • $556 million from international financial markets, remainder from domestic sources
  • IMF warns of high risk of debt distress despite low debt-to-GDP ratio

Yaoundé, Cameroon – Cameroon’s President Paul Biya has authorized the Minister of Finance to borrow an additional 616 billion francs CFA (approximately $1.019 billion) to finance development projects in the country’s revised 2024 finance bill and settle outstanding national debts.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
05/02/2025
11 hours ago
Dulue Mbachu
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
03/02/2025
2 days ago
Joshua Worlasi Amlanu
Read More »
generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
31/01/2025
5 days ago
Joshua Worlasi Amlanu
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
31/01/2025
5 days ago
Joshua Worlasi Amlanu
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
29/01/2025
1 week ago
Justice Nwafor
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
27/01/2025
1 week ago
Dessalegn Masrie
Read More »

Latest Posts

Latest news insights

breaking_news
Read More »
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
kigali-5327838_1920
Read More »
Rwanda’s Producer Prices Rise in December Following Inflationary Pressures
United States President Donald Trump signs two executive orders in the Oval Office of the White House in Washington, DC on Thursday, January 30, 2025. The first order formally commissioned Christopher Rocheleau as deputy administrator of the FAA
Read More »
Trump’s Aid Suspension Threat Shakes South African Rand
omotayo-kofoworola-AzdEZdRec_0-unsplash
Read More »
Nigeria Offers Two Savings Bonds Amid High Inflation
kigali-5327838_1920
Read More »
Rwanda’s Producer Prices Rise in December Following Inflationary Pressures
United States President Donald Trump signs two executive orders in the Oval Office of the White House in Washington, DC on Thursday, January 30, 2025. The first order formally commissioned Christopher Rocheleau as deputy administrator of the FAA
Read More »
Trump’s Aid Suspension Threat Shakes South African Rand
omotayo-kofoworola-AzdEZdRec_0-unsplash
Read More »
Nigeria Offers Two Savings Bonds Amid High Inflation
breaking_news
Read More »
Ghana’s Inflation Declines for First Time in Five Months
United States President Donald Trump signs two executive orders in the Oval Office of the White House in Washington, DC on Thursday, January 30, 2025. The first order formally commissioned Christopher Rocheleau as deputy administrator of the FAA
Read More »
Trump’s Aid Suspension Threat Shakes South African Rand
omotayo-kofoworola-AzdEZdRec_0-unsplash
Read More »
Nigeria Offers Two Savings Bonds Amid High Inflation
breaking_news
Read More »
Ghana’s Inflation Declines for First Time in Five Months
generic-1-1024x683
Read More »
Asiamah's Policy Priorities as He Prepares to Lead Bank of Ghana