Tuesday, 18 April 2017

Cameroon - State companies: Four Directors-General In Paul Biya's Viewfinder?

Certain texts refined from the West would already be initialed and would wait for the return of the President of the Republic to fall.

While the presidential couple is not yet back after their stay in Italy, echoes behind the scenes are already coming from Geneva. According to the newspaper Le Soir of Monday, April 3, 2017, a source close to the seraglio indicates that the upheaval at the head of some companies are on track to occur.

According to the newspaper, these changes could be made after the next return of the presidential couple to the fold. And among the companies in the sight of the head of state, the Cameroon Telecommunications (CAMTEL), the Caisse Autonome d'Amortissement (CAA), the Telecommunications Regulatory Agency (ART) and the Hydrocarbons Stabilization Fund ), Could see their respective director general, simply fired, according to the same source. Indeed, Important texts would be refined from the West. Some even would already be initialed and would only wait for the return of the President of the Republic to fall, can read in the newspaper. "The Head of State wants to make some changes at the head of certain structures. 
Cameroon - State companies: Four directors-general in Paul Biya's viewfinder?
Some Crown corporations would be involved. When he returned from his last trip to the West, he had some information to ask, and asked his colleagues to give him the state-owned companies where the directors-general had already been in office for more than 10 years. The leaders are at the heart of legal proceedings ... ", informs the source. 
According to the newspaper, Paul Biya intends to do the systematic cleaning in these public enterprises, At the center of financial malpractices and having broken with the law. Also, these upsets may therefore intervene in the days or months to come. In addition to the companies whose CEOs cumulate like the CSPH, in some cases, the longevity to the post of director general would be evoked, emphasizes the newspaper. Other reasons cited refer to cases of looting or massive diversions in the public enterprises concerned, to the benefit of the managers.

Source: Cameroon-Info.Net
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