Friday, September 20, 2019

Cameroon: Government declares crisis-hit regions economically damaged areas

The government of Cameroon has declared the North West, South West and Far North regions of the country as economically damaged areas in a bit to attract investments.

In a degree signed Monday September 2, 2019 by the Prime Minister Head of Government Chief Dr Joseph Dion Ngute, the three crisis-hit regions of the country have been declared economically damaged zones.

This decisions aims at creating a favourable business atmosphere that would attract investors and as such guarantee a restart of economic activities in these areas.

Going by laws governing the country, declaring these regions as economically damaged zones favours any investment undertaken there with advantages like tax exemption for a period of three years.

Since 2013, economic activities have been crippled Cameroon’s Far North region following constant terrorist attacks from the Boko Haram Islamic sect.

The economic situation has not been quite different in the North West and South West regions victims of the socio-political crisis rocking those areas since 2016.

Stay Connected

16,652FansLike
22FollowersFollow
0FollowersFollow
440FollowersFollow

Latest News

Medoulou Mengolo Cleopasse

Cameroun: Nomination à l’intendance de présidence de la république

Par décret présidentiel Medoulou Mengolo Cleopasse, 27 ans a été nommé lundi 16 septembre dernier intendant adjoint chargé des affaires intérieures à l'Intendance du...
Aminatou Ahidjo

Dialogue national : Aminatou Ahidjo brise le silence

Dans une tribune libre, Aminatou Ahidjo exhorte les Camerounais à participer au grand dialogue national. Afin d’écrire de nouvelles pages de l’histoire de du...
Sanaga

Cameroun: Edéa – Un camion se retrouve au fond de la Sanaga

L'accident, qui s'est produit mercredi, 18 septembre 2019 matin à Edéa, a causé la mort de deux personnes et un blessé. L'action était digne de...