The public treasury in Cameroon has mobilizes 3,122.75 billion FCFA in 10 years. Road infrastructure and engineering structures, water and energy, construction and rehabilitation of sports infrastructure are the sectors that have benefited the most, with 90.13% of funding allocated to them.
In a document on the issue of Assimilable Treasury Bonds (OTA) by auction, made public by the Ministry of Finance early this month,( a report on the intervention of the State of Cameroon on the capital market over the past decade.) The data contained therein indicates that Cameroon has mobilized, since 2010, an amount of 3,112.7551 billion FCFA through its various interventions on the capital market.
The main financial center for this intervention is the money market of the Bank of Central African States BEAC. Through the issuance of public securities, the Treasury of Cameroon has mobilized FCFA 1,867,401 billion in ten years. Assimilated Treasury Bills (BTA) alone brought in 1,593.685 billion FCFA, while operations on OTAs amounted to 273.716 billion FCFA. The national financial market comes second in this search for financing, which has enabled the State to mobilize CFAF 795 billion by bond loan. While on the international financial market, 750 million US dollars, or about 450.35 billion FCFA thanks to a Eurobond issue.
All this money was mainly intended for the realization of major infrastructure projects in the country, with the aim of accompanying its ambition to become emerging in 2035. In this regard, the Ministry of Finance provides details on the destination of the funds raised in different markets. Also, we learn, the water and energy sector has swallowed up the largest share, or 39.5% of the funds mobilized, which represents in cash some 1 229.24 billion FCFA.
This is almost the same ratio for the finances granted to road infrastructure and engineering structures, which represented 39.31% of the funds mobilized on the capital market. The trio of sectors that have benefited the most from funding is that of the construction and rehabilitation of sports infrastructure, in particular the stadiums to house the African Cup of Nations football announced in Cameroon for several years. The State has already granted 11.32% of the financial mobilizations on the capital market, or a little more than 352 billion FCFA for these infrastructures.
Five other sectors are affected by these investments. Industries and services obtained around 161 billion FCFA (5.19%), large agricultural projects benefited from 89 billion FCFA (2.86%), the port industries meanwhile came out with 85, 5 billion FCFA (2.75%), while the public treasury spent around 79 billion FCFA for mining projects. The small thumb in this distribution is the telecommunications sector with an envelope of 16.5 billion FCFA representing 0.53% of the overall pot.
Among the infrastructures financed with the funds mobilized on the money and financial markets, we can indifferently mention the Deep Water Port of Kribi, the second bridge over the Wouri in Douala, the east and west entrance of the city of Douala, the East entrance of the city of Yaoundé, the Lom-Pangar hydroelectric dam, the Mekin dam, the construction of the second access road in the city of Bamenda, as well as the construction of the Kumba-Mamfe road. Other structural projects are still in progress, such as the Yaoundé-Douala highway as well as that connecting Yaoundé to Nsimalen international airport, the rehabilitation and construction works of sports complexes and access roads. in various regions of Cameroon (Center, Littoral, West, North and South west…), the asphalting of the Foumban-Manki-Pont de la Mape road and the construction of the bridge over the Mape, the tarring of the Mengong-Sangmelima road (73 km), or the construction works of the Bamenda-Ekok Batchuo-Akagbe corridor.