Search Results for: Cameroon

BY KEITH NUTHALL
SURPRISINGLY wide support for the west African plan to rid the world of cotton subsidies has been voiced at the World Trade Organisation (WTO) summit, in Cancun, Mexico. The Canadian and Australian governments yesterday (10 Sept) threw their developed country weight behind the plan, as did WTO Director-General Supachai Panitchpakdi.…

BY KEITH NUTHALL
*A south-south project – backed by World Bank Multilateral Investment Guarantee Agency (MIGA) will raise Burundi’s teledensity ratio above one per cent. It is guaranteeing Mauritius Telecom Ltd’s US$1.01 million investment in Burundi’s Africell GSM mobile network.

*An emerging international market in hosting regional and international headquarters of transnational corporations benefits developing countries, says the United Nations Conference on Trade and Development (UNCTAD); 829 HQs were established or relocated January 2002 to March 2003, nearly a quarter in developing countries.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending US$700,000 to Cameroon petroleum transporter Sodetran-Cam Sarl, to expand and upgrade its fuel transportation trucks. It plans to buy 10 additional tanker trailers to boost its work with Cameroon’s Mobil Oil Distribution Company.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank is lending US$700,000 to Cameroon petroleum transporter Sodetran-Cam Sarl, to expand and upgrade its fuel transportation trucks. It plans to buy 10 additional tanker trailers to boost its work with Cameroon’s Mobil Oil Distribution Company.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is leading an aid deal to encourage local companies to maintain and manage pipelines sending natural gas and oil from central Asia to the European Union. The IFC, (which is initially injecting US$250,000), BP, Norway’s Statoil, GTZ, (the German aid agency), and the Baku Enterprise Centre, Azerbaijan, will launch a programme to help local businesses benefit from petro- projects, notably the Baku-Tbilisi-Ceyhan pipeline to Turkey.…

BY KEITH NUTHALL
THE WORLD Bank is developing a Regional Integration Assistance Strategy to remove obstacles to trade within six central African countries that would particularly promote commerce in the area’s rich metal reserves. Cameroon, the Central African Republic, Chad, the Republic of Congo (Brazzaville), Equatorial Guinea, and Gabon would benefit from five years of support, leading to road construction and improvement, the modernisation and integration of the financial sector, and by speeding ports and customs transactions.…

Keith Nuthall
THE UNITED Nations’ (UN) International Court of Justice has fixed the disputed maritime boundary between Nigeria and Cameroon, having decided that the contested Bakassi Peninsula should be considered part of Cameroon.

The court ruled that the maritime boundary should be set from the point of intersection of the centre of the navigable channel of the Akwayafe River with the straight line joining Bakassi Point and King Point, with many elements following previous Cameroon-Nigeria agreements dating back to the 1970’s.…

BY KEITH NUTHALL
THE INTERNATIONAL Court of Justice has announced five weeks of public hearings for a case between Nigeria and Cameroon, who are disputing their mutual maritime border. Nigerian troops currently occupy part of the disputed Bakassi peninsular, provoking the Cameroon government into launching the case, which calls for a fixing of the coastal and associated sea frontiers and the withdrawal of foreign forces.…

BY RICHARD HURST
USA President George W. Bush has approved 35 African countries as eligible for tariff preferences regarding clothing and textile exports to America under the African Growth and Opportunity Act (AGOA), with Zimbabwe and Gambia being notable sub-Saharan African pariahs from the move.…

BY KEITH NUTHALL
THE EUROPEAN Commission has warned Norwegian gas producers that the joint sale of Norwegian gas carried out through the national Gas Negotiation Committee is in breach of the European Union competition rules, because it fixes, among other things, the price and the quantities sold.…