Word: cameroons
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Americans wincing over paying four dollars a gallon at the gas pump ought to meet John Gwat. The taxi driver in Cameroon's capital is paying six dollars a gallon, but in a country where the average monthly wage is about $180 - approximately one-tenth of the average American income. And like American consumers, there's precious little that Gwat and other taxi drivers here can do about the gas prices at the gas pumps. "At the end of the month about a quarter of the cars are just parked on the streets, because no one has the money...
...proselytizing message to other drivers: "Time to Repent," and "Jesus Will Forgive." Gwat believes Jesus has helped him, too. Since he struck out on his own, his income has more than tripled, and on some days he can pull in about $20 - a relative fortune by measure of Cameroon's average daily wage...
...jumped 25% in just one day in February. Reeling from sticker shock, tens of thousands of people have stormed the streets in protest across the Caribbean, Africa and South Asia, demanding that their governments offer relief. They have found bloodshed instead. More than 24 people were killed in Cameroon during food riots in February; five more died in Haiti in March, and two more were killed in protests in Somalia last month...
...with operations in 22 countries, has for years acted as a banker to microfinance groups, taking deposits and writing loans. Over that time, Ecobank has grown hip to the business model and last year launched a microfinance institution of its own, in Nigeria and then in Ghana. Senegal and Cameroon are next. "This empowers the bottom of the African market," says Ecobank microfinance head Rotimi Nihinlola, "and is a good opportunity to grow our business...
...publicly applied the same "negro de mierda" epithet to Arsenal striker Thierry Henry and Spanish fans bellowed monkey chants at black players in a "friendly" match between Spain and England later that year. FIFA fined the Spanish Football Federation $77,000 on that occasion. In 2006, FC Barcelona's Cameroon-born striker Samuel Eto'o walked off the field in protest after Zaragoza fans repeated the noises whenever he took to the pitch...