Presidential hopefuls in Cameroon might be up for a steep climb. The government just announced it will be using a complex financial instrument to quickly make about $425 million available in cash. The funds will be made available through three local banks, Afriland First Bank, Societe Generale de Banque au Cameroun
and Citibank.
Money for Presidential bid or development? © |
Officialy, the funds are destined for the Lom Pangar dam in the East region of the country and the Kribi thermal electricity plant in the Littoral region.
Cameroon up for grabs to the highest bidder? © |
Earlier this week, the government was taken by surprise when Ms. Kah Wallah, a popular female councilor in the country's second largest city, Douala, declared her candidacy for the presidency. We should look forward to an earlier date for the scheduled election aimed at stalling Ms Wallah's campaign before it gathers any real momentum.