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

Market, food, inflation. Photo by Anne Preble @ Unsplash
Morocco inflation turns negative in December as food prices fall
Read More »
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Flutterwave rolls out stablecoin balances across Africa
Read More »
Oil field. Photo by Redhawk Investment Group @ Pixabay
Nigeria’s Seplat hits first gas at ANOH plant, marking milestone for Africa’s gas ambitions
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »

Latest Posts

Latest news insights