Salvaging CDC: Govt clears salary arrears of over FCFA 35 billion in less than 14 months

By Noela EBOB BISONG Cameroon’s Minister of Finance, Louis Paul Motaze and the General Manager of the Cameroon Development Corporation CDC, Franklin Ngoni Njie, have both, in separate releases, informed of the completion, by the state, of payment of salary arrears owed workers of the Corporation. The debt period covered the years May 2018 – December 2022, which amounted to FCFA 35.75 billion. The state, in a July 10, 2024 agreement with the CDC, took over the arrears settlement in two phases, following strike actions by workers, who could no longer handle the tough times. According to Minister Louis Paul…