Cameroon

Cameroon power firm to spend $60 mln on improving supplies in 2015

Posted on by The Editorial Team

YAOUNDE (Reuters) – Cameroon power company eneo plans to invest 37.5 billion CFA francs ($62 million) in 2015, its general manager said on state radio on Tuesday, as it seeks to improve the reliability of the country’s power supply.The central African oil and cocoa producer suffers from regular blackouts, especially in the dry season as water levels in hydroelectric reservoirs dwindle. Cameroon has vowed to improve electricity supplies as part of a broad economic plan…

Read More

Cameroon to issue up to 55 bln CFA francs in bonds in Q2

Posted on by The Editorial Team

YAOUNDE (Reuters) – Cameroon will issue up to 55 billion CFA francs ($92 million) in treasury bonds in the second quarter of 2015, state radio quoted on Monday the finance ministry as saying.The central African state said earlier this year it planned to issue nearly three times as much debt this year as in 2014 amid a shortfall in oil revenues due to slumping global crude prices.The ministry said treasury bonds would be issued on…

Read More