Friday, February fourteenth, the UN says at least 22 people have been killed in a village in the Northwest region of Cameroon. Over half of those killed were children. No one has claimed responsibility for Friday’s incident but the opposition parties blame the killing on the government.
Cameroon, France's EDF clinch 700 billion CFA francs deal to build 420 MW hydropower plant
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Cameroon’s
government and Electricite de France SA concluded a deal to build a 420 MW
hydroelectricity plant that will increase the West Africa nation’s power
capacity by more than a third.
The
partners established the Nachtigal Hydropower Company that will oversee the 700
billion CFA francs ($1.2 billion) project during a signing ceremony on Thursday
at the site, 65 kilometers (40 miles) south of the capital, Yaounde. EDF will
own a 40 percent share in the project while the government of Cameroon and the
World Bank Group’s International Finance Corp. will each hold a 30% stake,
according to the agreement.
“Before
the end of the year, the project, which is by far Cameroon’s biggest hydropower
investment, will begin,” Mehita Silla, and IFC representative, said in an
interview. “We have investors who have only been waiting for the creation of
the company.”
The
Nachtigal project will help relieve chronic power shortages in the nation as it
seeks to increase its existing power capacity of about 1,200 MW to 3,000 MW by
2030. The project is due for completion by 2020, Water and Energy Minister
Basile Atangana Kouna said at the signing ceremony.
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The Sûreté du Québec announced Wednesday the arrest of an alleged fraudster specialist of a scenario called "Black money scam", in which victims are invited to participate in the cleaning of soiled banknotes, then are robbed during the operation. Cyrille Ngogang, 49 years old, was caught red-handed in downtown Montreal Tuesday afternoon. He appeared in court this morning to be charged with fraud and breach of commitment. The man is not in his first trouble with the law: he was previously arrested by the SQ on 19 January for charges related to the same scheme, and had been able to resume its freedom under strict conditions pending his trial. There are several variants of the 'Black money' scenario, but all involve a so-called batch of cash that has been stained with a dye or colouring substance. Scammers ask their victim to provide money to clean the hoard.
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