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Stock Market / Finance in Cameroon

  • Cameroon: Limbe City Council - FCFA 6 Billion Budget Approved for 2015

    CAMEROON, 2015/01/06 Senior Councillors of the Limbe City Council have adopted FCFA 6 billion for the 2015 financial year. The budget was adopted on 24 December 2014 during the 2nd ordinary session of the council chaired by the Government Delegate, Andrew Motanga Monjimba. Some FCFA 3.5 billion is allocated for recurrent spending, representing 59.10 % of the budget; while FCFA 2.4 billion is for investments, making up 40.90 %. Presenting the budget, the Government Delegate lamented that it remains the same as last year because of the difficulties in collecting revenue from their major tax payers since 2012.