(Business in Cameroon) - From April to June 2018, Cameroon will proceed to the physical counting of civil servants. According to the finance minister Louis Paul Motazé, this operation will help rationalize the country’s salary expenses.
Indeed, during the operation, all the civil servants who are irregular in the signing of the pay slip because of either an unjustified absence, a resignation or unreported death will be identified and removed from the state’s payroll.
The minister also informs that the operation will be carried out on the whole territory by teams deployed by the ministry at banks, microfinance institutions and the accredited accounting firms. He also reminds that this physical counting is mandatory and every civil servant should participate or lose their salary.
For the record, this operation has been prescribed by Paul Biya in his circular of June 20, 2017. In that circular, he instructed the physical counting of Cameroon’s civil servants during the 2018 fiscal year because the payroll was about CFA1,000 billion and the exact number of the country’s civil servants could not be determined. Also, in 2017, during an administrative investigation on 14,134 presumed fictitious civil servants, the ministry of public work found that the pay of 2,817 of them had been suspended since January 2016.
(Business in Cameroon) - The African Development Bank reveals that Cameroon, the strongest and most diversified economy in the Central African Economic and Monetary Community (CEMAC), has long been resilient to shocks, but its economy is showing early signs of a slowdown.
According to the bank, this is due to the negative impacts of the economic recession in Nigeria, the crude oil crisis which hits CEMAC and the security crisis in the Anglophone region. It is also due to the decline in extractive activities (because of the postponement of investments in extraction and production) as the consequence of lagging oil prices.
Despite this slowdown, AfDB forecasts that the country’s growth will stand at 4.1% and 4.8% in 2018 and in 2019 respectively (a bit behind the average recorded between 2013 and 2015 which is 5.8%).
The bank further reveals that this improvement should be mainly “spurred by higher exports to the European Union following an Economic Partnership Agreement (EPA) and increased energy supply due to new hydroelectric dams. Other tailwinds affecting growth include the development of forestry and agro-industrial value chains, as well as a reduction in imports in favor of local products”.