Cameroon Financial News

Shoppers may get a bitter surprise in their Easter baskets this year

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.

NEW DELHI : India will not grant permission to domestic rice exporters to participate in United Nations World Food Program (WFP) tenders, a senior official told Mint, a move that risks stoking global food security concerns. This is the first time New Delhi has taken such a measure, which is yet to be announced publicly.

NEW DELHI : India is working on guidelines for strategic trilateral partnerships to maximize the impact of developmental projects in its neighbourhood and beyond in collaboration with other countries, said people aware of the matter. India has partnered with the UK, the US, France, Japan, and Germany to implement developmental projects in India’s neighbouring regions and key nations in Southeast Asia and Africa. While India has traditionally favoured bilateral developmental projects for ease of coordination, and established political relationships with the recipient countries, it is now exploring collaborations with a select group of countries.

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cough syrup linked to the deaths of at least six children in Cameroon have found unidentified quality issues in at least one of the five samples picked up by authorities, two people familiar with the investigation told Reuters. Riemann Labs is one of three Indian drugmakers whose cough syrups have been linked to the deaths of at least 141 children in Gambia, Uzbekistan and Cameroon since the middle of last year. That has cast a shadow on the quality of exports from India, often dubbed the «world's pharmacy» due to its supply of life-saving drugs at low prices to countries that most need them. The World Health Organization (WHO) said in July that a sample picked up from Cameroon of Naturcold syrup, whose maker India has identified as Riemann, contained as much 28.6% of the toxin of diethylene glycol, compared with an acceptable limit of no more than 0.10%. Indian authorities said they had suspended Riemann's production soon after the WHO alert, citing violations of good manufacturing practices.

Severe storms have delayed a search-and-rescue operation for 12 crew members of a cargo ship that sank off Turkey’s Black Sea coast, Interior Minister Ali Yerlikaya said Monday. The Turkish-flagged Kafkametler sank on Sunday after hitting a breakwater outside the harbor off the town of Eregli, some 200 kilometers (124 miles) east of Istanbul, Yerlikaya told reporters. He said rescue crews were on standby waiting for the weather conditions to ease to begin a rescue mission. “Unfortunately, we could not carry out search-and-rescue activities for the 12 Turkish crew members,” Yerlikaya said.

technology ecosystems and learning resources, including in local languages. During the second edition of the Voice of Global South Summit, hosted by India, the ministers underlined the central role of teachers and education staff all over the world in promoting education and the need to foster an environment, including through capacity building and exchange programmes, that will enable them to thrive in their profession.

Mint had earlier reported that German officials are interested in expanding cooperation into the health sector. The existing projects include agri-business among women in Malawi to potato production in Cameroon.

NEW DELHI : Germany is keen to expand its development partnership with India in strategic third countries, a year after the two countries unveiled a program to cooperate in Peru, Malawi, Ghana, and Cameroon. While the India-Germany cooperation in these countries has been focused on climate and sustainability, Germany is interested in expanding the programme to include healthcare projects and sponsoring health-related research and development in Africa, said Jochen Flasbarth, state secretary in Germany’s Federal Ministry for Economic Cooperation and Development, in a press interaction in New Delhi.

Police in the Central African Republic think they have captured one of the alleged masterminds behind an apparent rug pull that left “hundreds” of citizens out of pocket.

Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.”

India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification on late Monday evening. While amending the export policy, DGFT maintained that the export will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on the request of their government. Last month, India had decided to allow the export of rice to «meet the food security requirements» of Singapore. West African country Benin is one of the major importers of non-basmati rice from India.

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Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

Hambantota port tops this list of eight international ports where China is most likely to land its second overseas base. China built a full-fledged naval base at Djibouti in the Horn of Africa in 2017.

Bloomberg News purchased a sample of the syrup at a pharmacy in Baghdad in March and arranged a test by an independent Connecticut-based lab, Valisure LLC. Moreover, Bloomberg also reported the test results to the WHO as well as to Iraqi and Indian authorities last month. Last month, according to a test by Bloomberg News said that, the cold medication that was sold in Iraq is tainted with toxic chemicals.

Manchester United's newly-signed goalkeeper, Andre Onana, experienced a nightmarish debut at Old Trafford when he was outsmarted by RC Lens with a long-range strike from just inside his own half. The Cameroonian international's audacious style of play proved costly, leaving him red-faced in front of the home fans during the pre-season clash against the French outfit.

India has found violations related to manufacturing and laboratory practices at drugmaker Riemann Labs, whose cough syrup was linked to child deaths in Cameroon, a government health official told Reuters on Wednesday. Indian authorities have stepped up scrutiny of drugmakers after some cough syrups made in the country were linked to deaths of dozens of children overseas.

Riemann Labs, a manufacturer linked to cough syrup deaths in Cameroon, to stop manufacturing activities, said Reuters quoting the country's health ministry. Last month, the World Health Organization said a batch of cough and cold syrup sold in Cameroon under the brand name Naturcold contained extremely high levels of a toxic ingredient, the latest in a series of recent warnings about contaminated cough syrups.

food ministry data, the retail price of the grain climbed about 15%  in Delhi this year while the average nationwide price gained more than 8%. Shipments will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on request of their governments, the notification said.  The latest Indian government move, which has already imposed restrictions on wheat and sugar exports, would affect a large portion of global rice trade.