LIBREVILLE, Cameroon — The Cameroonian diaspora has recently transferred approximately 1. 2 billion dollars to their homeland, equating to about 652 billion FCFA, marking an 8% increase year-on-year, as reported by L’Info africaine indépendante. This influx of funds, which is currently largely absorbed by household expenses, is set to be partially redirected towards long-term savings by the Caisse des Dépôts et Consignations du Cameroun (CDEC).
The public institution held a presentation of the DIASDEV project at the Hilton in Yaoundé over the weekend, a feasibility study focused on creating a regulated savings product for Cameroonian expatriates and residents.
The financial flows primarily originate from France, the United States, and the Economic and Monetary Community of Central Africa (Cemac).
According to 2024 data from the Ministry of Foreign Affairs cited by the CDEC, the diaspora comprises around 500,000 passport holders abroad and up to six million people in an expanded scope, accounting for nearly a fifth of the total population. This figure potentially includes dual nationals and descendants, a demographic that the study acknowledges needs to be refined further.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Agpgabon
Source: Redaction
