Government issues new warning to illegal occupants of coasts Public Management Wednesday, 10 February 2021 11:36
(Togo First) - All those settled illegally along the Togolese shores have until March 3rd, 2021, to vacate the public domain. This is the latest warning of the government after the one issued last August.
It came from the Ministers of Territorial Administration, Security, Maritime Economy and Urbanism, in a joint statement. At the set date, “
legislative measures and regulations against violations will be strictly applied”, the officials said
Let’s recall that in Togo, the maritime public domain includes the sea, lagoons, salt ponds, rivers, navigable rivers. No third party is eligible to hold a deed or own the space. In the actual case, illegal occupants must vacate the land which will host some projects, such as the program tackling coastal erosion and sea pollution.
(Business in Cameroon) - During the 2020 fiscal year, Cameroon repaid XAF382 billion of loans raised on BEAC securities market. We gatherd that inorder to repay those loans, the country raised XAF413 billion by issuing treasury bills (short-term securities) on the same market.
According to Finance Minister Louis Paul Motaze, during the period under review, Cameroon’s net borrowings on the CEMAC money market was XAF31 billion. The official disclosed the figure on February 9, 2021, during the presentation of Cameroon’s 2021 public securities issuance program in Douala.
It is worthy of note that apart from the short-term financing raised on the market that year, the country also raised XAF360 billion through the issuance of treasury bonds whose maturity ranges from one to ten years. This brings to XAF773 billion the volume of financing mobilized by the country on BEAC public securities market in 2020 and to XAF391 billion the country’s net borrowing on the market that year.
In that regard, the central bank intends to
develop specific rules that will specify terms and conditions required for licensed companies’ to offer fast international money transfer services. The rules will also layout terms for the commercialization of products marketed by internationally renowned cross-border transfer companies such as Western Union, Money Gram, RIA .
According to BEAC, it is important to closely monitor those companies because they are sometimes the cause of artificial currency crises in the subregion. To illustrate this assertion, Abbas Mahamat Tolli revealed in July 2019 that the implementation of the new foreign currency exchange regulation caused difficulties in sending remittances to the CEMAC zone through Western Union and Moneygram. This fueled rumors of a foreign currency shortage, which was not the case.