a écrit le 15 février 2007 à 18h27 Focus on oil and mineral wealth
“The 24th Africa-France summit is being held under the theme "Africa and world balance" with special focus to be put on the continent's oil and mineral wealth at a time when China is making an unprecedented push on that front.”
(Source: An excerpt from the article: “Summit to focus on resources” www.camerounonline.org as adapted from www.news24.com
My Commentary:
An Extreme caution needs to be exercised on the frantic urge to attract investments from any country at this juncture. Instead we need to emphasize, on deals with friendly country whereby, exploitation of natural resource (principally the prospect of crude oil commodity exploitation) is accompanied with those Cameroonians generated revenues as investments (Cameroonian investments) in US securities, so as to use the interest generated from these revenues, as funds and financial resources to carry out the majority of National ambitious projects which the head of State outlined in his two recent speeches.
The advantages for this approach is that we can do this without relying too much on investments that bring about national debts at a point where we are not yet mastering “good governance, and competences” in the management of the country’s wealth.
Another advantage is that by using the interest generated through the securities investments, it provides some independence financially, and for launching the infrastructure development of the country, this place the leaders in the driver’s sit on the effective transfer of knowledge as a sticker for giving our business to the companies desirous to be granted the lucrative contracts for carrying out these projects in building of Cameroon.
To be continued....
“The 24th Africa-France summit is being held under the theme "Africa and world balance" with special focus to be put on the continent's oil and mineral wealth at a time when China is making an unprecedented push on that front.”
(Source: An excerpt from the article: “Summit to focus on resources” www.camerounonline.org as adapted from www.news24.com
My Commentary:
An Extreme caution needs to be exercised on the frantic urge to attract investments from any country at this juncture. Instead we need to emphasize, on deals with friendly country whereby, exploitation of natural resource (principally the prospect of crude oil commodity exploitation) is accompanied with those Cameroonians generated revenues as investments (Cameroonian investments) in US securities, so as to use the interest generated from these revenues, as funds and financial resources to carry out the majority of National ambitious projects which the head of State outlined in his two recent speeches.
The advantages for this approach is that we can do this without relying too much on investments that bring about national debts at a point where we are not yet mastering “good governance, and competences” in the management of the country’s wealth.
Another advantage is that by using the interest generated through the securities investments, it provides some independence financially, and for launching the infrastructure development of the country, this place the leaders in the driver’s sit on the effective transfer of knowledge as a sticker for giving our business to the companies desirous to be granted the lucrative contracts for carrying out these projects in building of Cameroon.
To be continued....
