Cameroon’s Biya wins again as economy faces debt pressures

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Cameroon President Paul Biya secured another term, extending his 40 years in office. However, investors are focused on the economy after the expiry of a $690 million IMF program. The government plans to raise $1.6 billion to cover budget gaps as its $750 million Eurobond matures next month. Analysts warn that high debt risks, volatile export prices, and Biya’s advanced age are clouding investor confidence.Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY

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Category
Cameroon
Tags
Africa, News, CGTNAfrica
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