2, August 2024

CPDM Crime Syndicate: Yaoundé raises 550 million USD from international bond sale ⁰

Cameroon has raised 550 million U.S. dollars from its international bond sale, Finance Minister Louis Paul Motaze has said.

The bonds were issued “on favorable terms” during a three-day operation that ended Wednesday in London, the minister said.

“The funds thus mobilized will make it possible to significantly continue the clearance of domestic debt in order to stimulate the activities of SMEs, consolidate the growth of the economy, strengthen the confidence of the private sector in the state and improve the business climate,” Motaze said in a statement Wednesday.

The bonds were a vote of confidence in the credibility of Cameroon and its ability to attract investors to fund its national development strategy, he said.

Source: Xinhuanet

2, August 2024

CPDM Crime Syndicate: Detained TikToker released ⁰

Cameroonian authorities have released a young activist detained last week after posting a video on TikTok advocating democratic change in the country ahead of next year’s presidential election, his lawyers said.

Barrister Akere Muna, lead lawyer for Junior Ngombe, 23, told the media in Yaoundé on Wednesday that the activist had been granted bail and that no charges had yet been filed against him.

“After the investigation, authorities may decide to either drop the case or press charges,” said the lawyer, who is also an opposition politician.

Ngombe, a hairdresser and social media influencer with more than 12,000 followers on TikTok, was arrested in the country’s second city Douala on July 24 and taken to the gendarmerie headquarters, also known as the State Defense Secretariat (SED), in the capital Yaoundé, where he was detained.

The move drew widespread criticism, with rights advocates describing it as a crackdown on freedom of expression by the government of President Paul Biya.

Source: The East African

1, August 2024

Trump questions Harris’ racial identity: ‘Is she black or Indian?’ ⁰

Donald Trump has questioned Kamala Harris’ racial identity during a heated exchange at a convention for black journalists.

Trump falsely claimed the vice-president and presumptive Democratic nominee had only emphasised her Asian-American heritage until recently when, he claimed, “she became a black person”.

“I didn’t know she was black until a number of years ago when she happened to turn black and now she wants to be known as black,” he said at the National Association of Black Journalists convention in Chicago on Wednesday.

“So I don’t know – Is she Indian? Or is she black?”

Ms Harris said Trump’s remarks were “the same old show” of “divisiveness… and disrespect”.

“The American people deserve better,” she told a meeting of the historically black sorority Sigma Gamma Rho in Houston. “We deserve a leader who understands that our differences do not divide us – they are an essential source of our strength.”

Ms Harris is the first black and Asian-American vice-president, with Indian and Jamaican-born parents. She attended Howard University, a historically black university, and joined the predominantly black Alpha Kappa Alpha sorority.

She became a member of Congressional Black Caucus after entering the Senate in 2017.

Trump’s claims prompted a heated exchange with ABC News’ correspondent Rachel Scott, one of the moderators of the Chicago event.

“I respect either one,” the Republican said in reference to Harris’ racial identity. “But she obviously doesn’t because she was Indian all the way and then all of a sudden she made a turn and she became a black person.”

White House press secretary Karine Jean-Pierre said no-one “has any right to tell someone who they are, how they identify. That is no-one’s right.”

“Who appointed Donald Trump the arbiter of Blackness?” asked Representative Ritchie Torres of New York. He described Trump as a “relic of a racist past”.

The Republican nominee and former president has a history of attacking his opponents on the basis of race.

He falsely accused Barack Obama, the country’s first black president, of not being born in the US.

Trump attacked the former UN ambassador and his Republican primary opponent Nikki Haley by falsely claiming she could not be president because her parents were not US citizens when she was born.

Ms Harris has faced a series of attacks since becoming the presumptive Democratic nominee. Republicans have criticised the decision, saying she was chosen only because of her race.

Tim Burchett, a Republican congressman from Tennessee, called her a “DEI vice-president” – a reference to diversity, equity and inclusion programmes.

On Wednesday, Scott pushed Trump to clarify whether he believed Ms Harris was a “DEI hire”. He replied: “I really don’t know, could be.”

Ms Harris has described growing up engaged with her Indian heritage and often visited the country. Her mother also immersed her two daughters in the black culture of Oakland, California – where she was raised, she said.

Trump also attacked Ms Harris’ credentials during the discussion, saying she had failed her bar exam early in her legal career. His comments were met with murmurs from the crowd.

“I’m just giving you the facts. She didn’t pass her bar exam and she didn’t think she would pass it and she didn’t think she was going to ever pass it and I don’t know what happened. Maybe she passed it,” he said.

Ms Harris graduated from the University of California Hastings College of Law in 1989. The New York Times reported that she failed her first attempt and passed at the second. The state bar of California says fewer than half of those who sit the test pass on the first attempt.

The Chicago discussion began with a contentious back and forth between Scott and the former president. Trump accused the journalist of giving a “very rude introduction” when she began the conversation asking about his past criticism of black people.

She cited Trump calling black journalists’ questions ”stupid and racist” and that he had ”dinner with a white supremacist at your Mar a Lago resort”.

“I love the black population of this country, I’ve done so much for the black population of this country,” he responded.

The former president criticised the conversation hours later on his social media platform. “The questions were rude and nasty, often in the form of a statement, but we CRUSHED IT!” he said.

Source: BBC

1, August 2024

Rome: New report suggests long-term worries for Vatican finances ⁰

A new analysis of the Vatican’s financial situation by an Italian news outlet contains both good and bad news for papal finances, pointing to relative success in efforts to contain ballooning deficits but also seemingly irreversible long-term declines.

According to an overview of the most recent financial data published July 26 by La Repubblica, Italy’s most widely read daily newspaper, the Vatican’s annual operating deficit grew by roughly $5.4 million in 2023, a lower figure than in past years. The report suggested the result was due to the impact of both spending cuts and also efforts to generate more realistic appraisals of the value of Vatican properties.

Among the cost-cutting measures adopted in recent years include new limits on hiring and contracting, as well as efforts to increase the rents collected on some Vatican properties which are leased commercially and to put others up for sale.

The report cited a recently completed financial statement approved by the Vatican’s Council for the Economy, led by German Cardinal Reinhard Marx. According to the report, the deficit for 2023 amounted to over $90 million, with income of $1.25 billion and expenses of $1.34 billion.

Income in 2023 actually grew by $30 million, according to the financial statement, but expenses also went up by $36 million due to the impact of inflation.

The statement also indicated that the size of the 2023 deficit could still shrink somewhat depending on what the actual performance of the Vatican’s investment portfolios match projections.

The Repubblica analysis also found that income from the annual Peter’s Pence collection, which supports the works of the pope, amounted to $52.5 million in 2023, an increase over the $47.2 million collected in 2022.

Nonetheless, the net gain from the collection was offset by the fact that the fund’s reserves were once again draw upon in 2023 to support the Roman Curia, the Vatican’s chief administrative bureaucracy, to the tune of almost $98 million.

Moreover, the long-term trend in income from the fund is clearly downwards. According to the Repubblica analysis, collections dropped 23 percent overall from 2015 to 2019, and are poised for further reductions.

To some extent, those declines may be related to financial scandals, such as the aborted $400 million purchase of a former Harrods warehouse in London that resulted in the criminal convictions of nine figures for fraud, including Italian Cardinal Angelo Becciu. Given that Peter’s Pence also is sometimes viewed as a referendum on the popularity of the current pope, various controversies surrounding Franci may also have had an impact.

More basically, however, most observers believe the core factor is that much of the Peter’s Pence income derives from wealthier nations, where Catholic populations, and therefore Catholic giving, have been in decline for decades.

Declines in income are especially worrying for Vatican accountants today, given concerns about an aging workforce and unfunded pension obligations down the line. There’s also alarm that rising costs and declining income could eventually compel the Vatican to either trim its payroll or cut salaries, or both, at time when both the volume and the complexity of the workload from around the world is increasing rapidly.

The financial statement reportedly approved by the Council for the Economy concerns the Holy See, and mostly excludes both the Government of the Vatican City State, which is responsible for administration of the physical territory – including income, for example, from the Vatican Museums – and also excludes the Institute for the Works of Religion, the so-called “Vatican bank,” which for 2023 showed $33.2 million in income and a total of $5.9 billion in client assets.

However, it’s considered improbable that income from either the city state or the IOR will be sufficient in coming years to offset the Vatican’s broad deficits, leaving it unclear for the moment how the losses will be sustained.

Source: Crux

1, August 2024

HIV/AIDS: Yaoundé launches nationwide survey to determine prevalence ⁰

The Minister of Public Health Manaouda Malachie on Wednesday unveiled a nationwide survey to ascertain the prevalence of HIV/AIDS and the impact of preventive measures in the country.

The survey, dubbed Cameroon Population-based HIV Impact Assessment (CAMPHIA), will run from August to February 2025.

“It aims to comprehensively explore the situation of HIV infection within the population aged 15 and over based on a nationally representative sample. The primary objective of CAMPHIA 2024 is to estimate the national and regional prevalence of HIV viral suppression, while the secondary objectives are to estimate the incidence and prevalence of HIV at the national level,” Manaouda said in a statement made public Wednesday afternoon.

It is one of the largest surveys to assess HIV prevalence in the Central African nation and would aid in implementing new measures to further prevent its spread.

“Nationally, the survey will cover 512 enumeration areas from which 15,360 households will be randomly selected, for a total of approximately 28,405 people,” Manaouda added.

The first HIV survey was conducted in the country in 2017.

According to data published by the World Health Organization in 2023, Cameroon witnessed a 50 percent decrease in HIV prevalence among people aged 15 to 64 in the past 14 years.

Source: Xinhuanet