No Result
View All Result
  • About Us
  • Advertise
  • Careers
en English
en Englishfr Français
Support Us
Mimi Mefo Info
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
No Result
View All Result
Mimi Mefo Info
English | Français
No Result
View All Result

Cameroon Risks Perishing In Economic Misery After October 7 Presidential Elections

Mimi Mefo Takambou by Mimi Mefo Takambou
October 5, 2018
Reading Time: 2 mins read
Share on FacebookShare on Twitter

Cameron’s economy is on a steady decline with no signs of resilience. We might trade through barter: how? It has been difficult for the government to raise 12 billion for the so called emergency humanitarian assistance plan for the North West and South West Regions as slightly above 63% of that amount was raised.

In the 2018 PIB, a special allocation was set aside worth 50 billion for the organization of elections in 2018. Many pondits initially saluted this move as the Senatorial, Parliamentary, Municipal as well as the anticipated Regional elections were to consume this sum.

Postponement of the parliamentary and Municipal elections did not match with any eventual financial cut on the initial sum. The expected regional elections are still floating constructive response. Even the legislative and municipal elections were equally postponed.

Whilst the total number of presidential contenders dropped from 35 in the 2011 polls to 9 in the 2018 race, there was a sharp cut on the financial proportion of candidates by 50% that is from 30 million to 15 millions in 2011 to 2018 respectively.

On this same political sneer, the budget allocation increased based on the stake of our political impulse and the the geopolitical will to achieve a fair and transparent election.

Unfortunately, more than 3,655 polling stations have been annulled in the North West and South West regions for reasons of insecurity. Just when we expect the authorities in charge to start submitting first time records of a balance sheet with a left-over, we instead see another frustrating public order requesting an urgent fundraising worth 700 millions for the Ministry of Territorial Administration (MINAT), in relation to this same elections.

Where is the 50 billion allocated for the elections in 2018?

As per capital income continues to drop and growth rate decreases from 6% to 3.14% in 2015 and 2018 respectively, there are indications that more jobs will be lost.

The economic crisis has derailed the pace of direct investments pushing down our rate of doing business. The activities of about 1600 SMEs have been halted in the North West and South West with an estimate of 400,000 direct and indirect jobs already lost since the second semester of 2018. Rural agriculture is not longer sustainable, and as the crowdy Urban metropolis like Douala and Yaoundé get an inflation in its population, living standards are falling as prices of basic comodities are being increased.

 

You can help support our work through the link below
ShareTweetSendShare
Previous Post

One Day to go: Akere-Kamto Coalition Pending

Next Post

Gov’t Cautions Citizens Against ICG’s Manipulations, Gives Reporters Code of Conduct On Election Reporting

Related Posts

Other

At meeting in Buea: Lebialem Indigenes Vow To Revamp Socioeconomic Growth of Division

August 14, 2022
Other

Landslides cut off Mamfe-Bamenda road

August 12, 2022
Other

Anglophone Crisis: Separatist fighters Kill Soldier in Bafut

August 5, 2022
Other

North West: Njibujang residents beat up suspected Amba for harassing biker at toll gate

July 24, 2022
Other

Douala : Colère après l’assassinat d’un jeune au quartier Bobongo

July 19, 2022
Préfectorale : L’incroyable ascension du fils de René Sadi
Other

Préfectorale : L’incroyable ascension du fils de René Sadi

July 16, 2022
You can help support our work via the link below

Recommended

At meeting in Buea: Lebialem Indigenes Vow To Revamp Socioeconomic Growth of Division

2 hours ago

New Era Youth for Africa, now a reality

2 hours ago
Human Rights Watch exposes fresh government atrocities in NW/SW, in latest report

Human Rights Watch exposes fresh government atrocities in NW/SW, in latest report

24 hours ago
Fonfuka locals replace bridge on river Nguma swept away by heavy rains

Fonfuka locals replace bridge on river Nguma swept away by heavy rains

1 day ago

Popular News

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

You can help support our work via the link below

Category

  • Accident de la route
  • Affairs
  • Africa
  • Afrique
  • Agriculture
  • Business
  • Cameroon
  • Cameroun
  • Coupe d'Afrique des Nations
  • Crise Anglophone
  • Culture
  • Development
  • Développement
  • Economie
  • ECONOMY
  • Editor's Picks
  • Editorial
  • Education
  • Entertainment
  • Environment
  • Environnement
  • Fashion
  • Food
  • Français
  • French
  • Gestion
  • Gouvernance
  • Health
  • Human Interest/Society
  • Human Rights
  • HUMANITAIRE
  • Infrastructures
  • Insécurité
  • Interviews
  • Judiciary
  • Justice
  • Lifestyle
  • Live Update
  • MONDE
  • Nécrologie
  • News
  • News Roundups
  • Opinion
  • Other
  • Politics
  • Politique
  • Religion
  • Road Safety
  • Santé
  • Science
  • Security
  • Société
  • Sport
  • Tech
  • Technologie
  • Tourisme
  • Transport
  • Travel
  • Voyage
  • World

Important Links

  • Term of Use
  • Privacy Policy
  • About Us

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Fashion
  • Lifestyle
  • Tech
  • Health
  • Food

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

en English
en Englishfr Français
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
pixel