Cameroonian Transimex gets direct funding of FCfa one billion from Fagace

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Cameroonian Transimex gets direct funding of FCfa one billion from Fagace

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- Friday, 27 November 2015 06:59

(Business in Cameroon) - The African Guarantee and Economic Cooperation Fund (Fagace) granted a direct funding to the company Transimex, which has been operating in Cameroon since 2011 in the stevedoring, consignment, warehousing, cargo handling, sea transport, etc., we officially learned.

The loan agreement was signed during the 41st Board session of Fagace. These funds, according to the management of Transimex, will be used to finance the project for the construction of a headquarters building of 6 floors with partial rental space in Douala, the economic capital of Cameroon.

With this new loan agreement for Transimex, Fagace's portfolio of investments in Cameroon is now at FCfa 30 billion, funding which helped support 14 projects in total.

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