Search

Cameroon’s $876 Million Supplementary Budget Faces Harsh Criticism

Allen dreyfus Logo
© Allen Dreyfus
  • President Biya signs ordinance for supplementary budget, sparking widespread backlash
  • Critics decry increased taxes and borrowing as burdensome and out of touch with citizens’ realities

 

Yaoundé, Cameroon – Cameroon’s President Paul Biya, signed last week an ordinance to institute a 538 billion CFA francs ($876.4 million) supplementary budget. This move, which plans to increase taxes and contract more foreign loans, has attracted widespread criticism from opposition lawmakers, politicians, and social commentators.

Recent Business

Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Namibia holds rates at 6.50% as inflation steadies but producer costs surge
Read More »
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Rwanda’s horticulture exports up 27% to give economy $54mn boost
Read More »
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
South Africa’s economy posts fragile 0.5% Q3 growth in 2025
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
Read More »
Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
Read More »

Latest Posts

Latest news insights