Finance

World Bank Approves Cameroon’s Lom Pangar Dam Project to Boost Economic Growth and Provide More Reliable Power for Up to Five Million People

  WASHINGTON, March 27, 2012 – The World Bank’s Board of Executive Directors today approved US$132 million in zero-interest financing for Cameroon’s Lom Pangar Hydropower Project (LPHP), to support the country’s economic development and significantly improve the supply of electricity … Continue reading

Governance and Anti-corruption Remain Integral to World Bank’s Work

WASHINGTON, March 27, 2012 — The World Bank’s Board of Executive Directors today endorsed the institution’s updated governance and anti-corruption strategy and implementation plan as an integral part of the work to improve development effectiveness, reduce poverty and promote economic growth. … Continue reading

UPDATE 1-Bowleven finds oil in Cameroon, posts smaller H1 loss – Reuters UK

The company added it was fully funded for its current exploration and appraisal programme on Etinde and Bomono — two exploration sites in Cameroon. Bowleven was also currently in active discussions with a number of banks for further funding …

Closing of Nominations for President of World Bank

WASHINGTON, March 23, 2012 - The Board of Executive Directors of the World Bank confirmed today that, as announced on February 17, the period for submitting nominations for the position of the next President of the World Bank closed on Friday, … Continue reading

Africa: Universities Debate Unemployment – AllAfrica.com

Yaoundé — More than 1000 university professors, students and administrative staff turned out to participate in a recent debate about employment led by the World Bank Cameroon Country Office, thus turning a modest initiative into a national tour.

Cameroon – Conservation and Sustainable Use of the Ngoyla-Mintom Forest Project

The development objective of the Conservation and Sustainable Use of the Ngoyla-Mintom Forest Project for Cameroon is to improve the conservation and management of the core area and improve access to income-generating activities for local communities in the project area. … Continue reading

“Dirty Money” in Illegal Logging Can be Tracked and Confiscated—World Bank Reports

Washington, March 20, 2012 – Every two seconds, an area of forest the size of a football field is clear-cut by illegal loggers around the globe. A new World Bank report released today shows how countries can effectively fight illegal logging … Continue reading

Mobile Banking in Cameroon Increases Access to Financial Services – DAILY KOS

Today, 1.7 billion people with mobile phones do not have bank accounts. Taking this into account, the growing phenomenon of mobile banking is widening access to financial services in Cameroon and throughout Africa. Financial experts suggest that …

Rescue creditors: Greece may miss debt target – ksl.com

The AP obtained the debt sustainability analysis by the International Monetary Fund, the European Commission and the European Central Bank on Tuesday.

Cameroon: Supreme State Audit – Russian Envoy, Civil Society Leaders Laud Efforts – AllAfrica.com

Cameroon’s Supreme State Audit Office has been lauded for its openness, efforts to ensure the proper management of public funds and improvement of the investment climate in the country. The Minister Delegate at the Presidency in charge of the Supreme … Continue reading