(Business in Cameroon) – At the first 2024 session of the National Committee for Monitoring the Public Investment Budget (BIP) on November 11, Rosette Ayayi, the committee’s president, laid out the challenges holding back progress on Cameroon’s public investment projects. She pointed to ongoing security issues in certain regions, delays in payments to contractors, and the slow start of some key projects as major obstacles.
Adding to these persistent problems, Ayayi also noted the impact of climate change in 2024. Heavy rains, for instance, have caused construction delays, making it difficult for work to continue as planned.
Despite these setbacks, the committee reported some positive news. For the first time in years, progress on public investment projects improved during the first nine months of 2024. By September, the physical completion rate of projects rose to 44.6%, up nearly 4% from 40.7% during the same period in 2023. Much of this improvement came from projects funded by international sources.
The execution of these externally funded projects saw the most growth, jumping from 33.1% in September 2023 to 46.8% in 2024. However, projects funded with domestic resources showed a decline, with execution dropping from 50.5% in 2023 to 42.72% in 2024.
