BREAKING NEWS: CAMEROON IN NEED OF 150 BILLION TO FINANCE CAN’S CONSTRUCTION PROJECTS
cameroondailyjournal.com|The government will raise this amount on the Douala stock exchange, the Douala stock exchange.
The National Financial Markets Commission has just authorized the government to raise 150 billion CFA Francs on the Douala stock exchange to finance Can 2019 projects.
The government plans to divide these funds between the Olembe omnisport complex (36 billion CFA Francs), the Japoma stadium (34 billion CFA francs), four training grounds in Garoua (20 billion CFA francs), and as the construction of a stadium and the rehabilitation of four sports facilities in Bafoussam.
The hydroelectric dam at Memve’ele (Southern region) will also benefit from a sum of 9 billion CFA Francs from this fundraising event.
This loan comes at a time when Cameroon is contemplating the possibility of a withdrawal of the organization from the competition. And due to the work of construction and redevelopment of infrastructure Can have a significant delay. Keeping abreast of this situation after three inspection missions, the African Football Confederation has announced that it will issue its decision at the end of November.